Philippines' Strengthening Economy Sees Construction Trade Boom

MANILA, PHILIPPINES - MAY 08: A general view of the financial district of Makati City on May 8, 2013 in Manila, Philippines. The Philippines is in the throes of a property boom that is unprecedented in Southeast Asia. Hundreds of construction cranes are seen across Manila's skyline as property developments including office buildings, housing projects, hotels and new shopping districts are changing the face of the metropolis. The country's credit rating has been upgraded once again from a grade of BBB- to BBB by rating agency Standard & Poor's and the economy is expected to post a GDP growth rate of 6%, 1% higher than initially forecast. (Photo by Dondi Tawatao/Getty Images)