Building Industry Magazine - September 2012 - (Page 50)
Despite military buildup delay, construction jobs abound
BY MAR-VIC CAGURANGAN
Construction of Emerald Oceanview Park in Tamuning, being developed by Younex Enterprises, currently is suspended due to litigation in court.
By the Numbers
The Department of Defense’s (DOD) Asia-Pacific troop realignment plan remains subject to erratic decisions. The size of the force and resources to be deployed to Guam continue to seesaw back and forth, prompting local industries to stop factoring the military buildup element into their business planning. Industry analysts thus have adopted a conservative approach in making their forecasts. According to the Guam Department of Labor (DOL), the island’s economy is anticipated to be characterized by “continuing stability” in fiscal 2013 without major expansion or contraction. “There is the potential for modest expansion as
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Table of Contents for the Digital Edition of Building Industry Magazine - September 2012