Megawide Construction Corp. is raising ₱1.5 billion from the issuance of three-year, peso-denominated fixed-rate notes this month as it takes advantage of lower interest rates to refinance obligations. The firm informed the Philippine Stock Exchange (PSE) that the debt instrument will be enrolled...
Department of Education (DepEd) Secretary Sonny Angara on Thursday, December 4, said the government needs at least P400 billion to eliminate the country’s massive classroom shortage, as he urged local government units (LGUs) to align more closely with national efforts to accelerate school...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations and issued fines against two construction companies owned by the Discayas, contractors linked to a high-profile flood control corruption scandal, for submitting false beneficial ownership information. In separate...
GCash reported robust uptake for recent stock offerings made available to small investors via its GStocks PH platform, citing oversubscriptions for both the Maynilad Water Services Inc. initial public offering (IPO) and the preferred share sale of Megawide Corp. “Filipinos are increasingly...
The Commission on Elections (Comelec) Political Finance and Affairs Department (PFAD) finds no evidence to support a complaint against Senator Francis “Chiz” Escudero and Centerways Construction and Development Inc. President Lawrence Lubiano over the latter 's P30 million campaign...
The Piggatan Detour Bridge in Alcala, Cagayan, is expected to open by December as engineers work round-the-clock to restore access after last month’s bridge collapse, the Department of Public Works and Highways (DPWH) reported Thursday, Nov. 20. Construction has now reached 84 percent...
The Department of Public Works and Highways (DPWH) will file charges against Hi-Tone Construction and Development Corporation for allegedly failing to repair a damaged section of the Navotas City Coastal Dike, which has been blamed for worsening floods in the city’s coastal communities. DPWH...
A broad reform drive with “no sacred cows” is underway alongside a catch-up plan for classroom projects stalled by late fund releases, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said on Tuesday, Nov. 4. Dizon confirmed that funding for several school-building projects...
The Department of Public Works and Highways (DPWH) announced on Monday, Nov. 3, that it is slashing construction material costs and cracking down on overpricing and corruption in government projects, potentially saving up to ₱60-B in 2026. The move follows President Marcos ' directive for...
The Department of Education (DepEd) on Thursday, October 30, said it is exploring the leasing of closed private schools and other idle properties to help ease the country’s classroom shortage, which reached 165,000 classrooms nationwide in 2022. In partnership with the Student First Coalition...
Century Properties Group is doubling down on affordable housing, with its subsidiary PHirst Park Homes Inc. (PPHI) earmarking ₱8.39 billion to develop 13,150 new housing units designed to meet the rising demand driven by the country’s housing backlog. In a disclosure to the Philippine Stock...
A group of teachers slammed the Department of Public Works and Highways (DPWH) for what it described as “gross negligence” in the implementation of school building projects nationwide, calling for transparency and accountability from the agency amid persistent delays and substandard classroom...
