The Philippine Constructors Association (PCA) has warned that the move to further open the domestic construction industry to foreign contractors could displace Filipino firms, especially the small players. PCA President Wilfredo Decena issued this warning amid a projected growth in the sector...
Megawide GMR Construction Joint Venture on Friday (January 22, 2021) officially handed over the P9. 36-billion Clark International Airport Passenger Terminal Building (PTB) to the Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA). After the symbolic...
From the country's fastest- growing industry, averaging 10 per cent growth per annum in the past five years, the construction sector contracted by 10 per cent in the outbreak of the COVID-19 pandemic. Incidentally, the pandemic year 2020 happens to be the 75th year anniversary of the Philippine...
To boost manpower hiring and livelihood opportunities in this pandemic times, Aboitiz Construction, Inc. (ACI) forged a tripartite partnership with social enterprise Asiapro Multi-purpose Cooperative and advocacy group Philippine Business Education (PBEd) to provide free technical vocational...
Engineering and infrastructure firm Megawide Construction Corporation reported a consolidated net loss of P918 million for the nine months of 2020, a 210 percent fall from the profit of P835.17 billion earned in the same period last year. In a disclosure to the...
Megawide Construction Corporation reported that its shareholder Citicore Holdings Investment Inc. has subscribed to 13.5 million of Megawide’s Series 3 preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said this serves as initial subscription for the increase in the...
