Philippine Cement Demand Expected to Be Flat Amid Middle East Crisis
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Cement Manufacturers Association of the Philippines expects government infrastructure spending to boost cement demand in 2027 due to the pre-election cycle. However, demand is expected to remain flat this year because of the Middle East crisis and a weaker peso. Low building permit numbers in August, which saw a 31% slump, reflect weak private-sector sentiment.
From bworldonline.com
Why it matters
The cement industry is currently in a gestation period, as building a new plant takes four years. The market outlook for the Philippines is influenced by geopolitical instability in the Middle East and the currency stability of the Bangko Sentral ng Pilipinas.
Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.
From bworldonline.com
Who's involved
- Middle EastGeopolitical region causing market instability and dampening global sentiment.
- PhilippinesCountry whose cement demand is being discussed and is affected by external factors.
- Bangko Sentral ng PilipinasCentral bank whose currency stability is pressured by the weaker peso.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
Cement demand might remain flat this year due to the Middle East crisis.
- Bangko Sentral ng PilipinasSpeculative
The weaker peso could pressure the central bank's currency stability mandate.
- Middle EastSpeculative
The crisis might dampen global market sentiment and cement demand.
Keep exploring
Part of
Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.Also in this story
- Re-escalation reported in the Middle East conflict.
- The Armed Forces of the Philippines is monitoring US naval asset transfers and supporting international law regarding US operations against Iran in the region.
- The Middle East conflict is driving up oil prices, which is impacting financial institutions in Manila, the capital of the Philippines.
- Geopolitical crisis causes tourist hesitation in long-haul markets, prompting ASEAN cross-marketing suggestions.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran