Infrastructure projects will be accelerated starting 2026 as the Department of Public Works and Highways (DPWH) applies disaster-response construction methods to ensure faster delivery at the right cost and quality, DPWH Secretary Vince Dizon said. Dizon emphasized that the shift reflects the...
The Department of Education (DepEd), working with local government units, is intensifying efforts to fast-track classroom construction, with Education Secretary Sonny Angara urging mayors to closely monitor education funds and speed up school building projects to address the nation’s worsening...
Megawide Construction Corp. secured a ₱10 billion investment from the state-run Home Development Mutual Fund, commonly known as Pag-IBIG, to accelerate the government’s mass housing program. In a disclosure to the Philippine Stock Exchange, Megawide said the funds will be channeled through...
The Department of Public Works and Highways (DPWH) has asked the Senate to reconsider 2026 budget reductions, citing the need to apply updated construction cost data to ensure accurate project costing and proper execution. DPWH said the request focuses on securing authority to implement...
The Department of Public Works and Highways (DPWH) will enforce an overnight traffic closure on a section of the Mandaue Causeway in Cebu to allow the safe installation of prestressed girders for the ongoing bridge project. The closure will affect the Pakna-an–Barangay 2 stretch of Ouano Avenue...
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...
