Saavedra-led engineering and housing firm Megawide Construction Corp. is aiming to declare a special cash dividend after it generated ₱4.5 billion from the sale of a nine-percent stake in Citicore Renewable Energy Corp. (CREC). “The second half of this year will be exciting and shape our...
Saavedra-led Megawide Construction Corp. is projecting that its net income will jump 52 percent to ₱1.82 billion next year from the target of ₱1.2 billion this year on the back of substantial savings from the reduction of debt as well as the improving performance of its construction and real...
The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
Saavedra-led Megawide Construction Corp. expects its net income to surge 79 percent this year, driven by the growing pipeline of state-backed housing projects and aggressive debt reduction. Edgar Saavedra, Megawide chairman and chief executive officer, said the company is targeting a net profit of...
Engineering and housing firm Megawide Construction Corp. posted a 26-percent jump in consolidated net income to ₱265 million in the first quarter of 2026 as its construction business remained strong amid the onset of the Middle East crisis. The firm reported to the Philippine Stock Exchange (PSE)...
Saavedra-led Megawide Construction Corp., an engineering firm also engaged in the infrastructure and housing businesses, reported a 24 percent growth in net income to ₱669 million in 2025 from ₱538 million in 2024 on the back of higher construction margins and stronger real estate sales. In a...
Infrastructure and engineering firm Megawide Construction Corp. is keen on participating in the Department of Education’s (DepEd) plan to bid out the construction of 16,459 classrooms worth ₱105.7 billion. As Manila Bulletin earlier reported, the DepEd said in an invitation to bid issued last...
Megawide Construction Corp. reported a 15-percent growth in its order book to ₱50 billion by the end of 2025, boosted by its expanded Pambansang Pabahay Para sa Pilipino (4PH) projects supported by Home Development Mutual Fund (HDMF) or Pag-IBIG Fund. The firm informed the Philippine Stock...
Megawide Construction Corp. is aiming to build as much as 100,000 socialized housing units valued at ₱180 billion under the government’s flagship housing program, as the company scales up its industrial pre-cast capabilities to address a chronic national shortage. Megawide Chairman and Chief...
Megawide Construction Corp. has been ordered to pay ₱368.92 million to settle a long-standing construction dispute involving a flagship mixed-use development in Cebu, though the award represents only a fraction of the original claim. In a disclosure to the Philippine Stock Exchange, Megawide said...
Megawide Construction Corp. raised ₱1.1 billion from the issuance of peso-denominated fixed-rate corporate notes, tapping the debt market to refinance existing obligations and bolster its balance sheet as it pivots toward government-backed housing projects. In a disclosure to the Philippine Stock...
Megawide Construction Corp. plans to spend as much as ₱2 billion to expand its precast manufacturing capacity, positioning the infrastructure giant to absorb a record-breaking surge in its order book driven by government-backed socialized housing. Edgar Saavedra,Megawide chairman, said the...
