PHILCONSTRUCT Posts Strong Results

Philippines-based PHILCONSTRUCT was recently held in Manila. Filling three key venues (SMX Convention Center, World Trade Center Metro Manila, and the Philippine Trade Training Center), PHILCONSTRUCT attracted more than 1,500 exhibitors from dozens of countries including Japan, Malaysia, South Korea, Thailand, China, Germany, Canada, the U.S. and the U.K.

Now in its 25th year, the construction exhibition attracted more than 75,000 trade visitors. Separate editions are also held in Cebu and Davao – each attracting just over 9,000 trade visitors. PHILCONSTRUCT also featured a forum that covered a range of topics including ASEAN integration in 2015, construction management, contracts administration, construction administration, and green building.

Manolito Madrasto, general manager of Philconstruct Events and executive director of Philippine Constructors Association, Inc. said, “A host of opportunities await the entire industry as we go towards the ASEAN economic integration in 2015. Our local construction giants are preparing to undertake foreign projects in this free-trade market and PHILCONSTRUCT is ready to take its place as the meeting venue for all stakeholders in the country and the rest of Asia.”

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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.