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...
A reported shooting scare at Bagong Silangan High School in Quezon City on Thursday, July 2, turned out to be a false alarm after police confirmed that the loud noise which caused panic among students and staff originated from a nearby construction site, according to the Quezon City Police...
Modern construction is no longer just about building faster as it is also about improving safety, efficiency, and quality. As the industry adopts more advanced construction methods, companies are finding better ways to deliver projects while meeting changing demands. At Philconstruct Manila 2026,...
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...
In a bid to address classroom and school facility shortages, the Department of Education (DepEd) has strengthened the framework for its nationwide localized classroom-building program as 79 partner local government units (LGUs) begin infrastructure projects across the country. Through the new...
Quezon City Police District (QCPD) operatives have arrested a 28-year-old suspect for allegedly stealing five cellphones valued at ₱63,000 from construction workers inside their temporary barracks in Barangay Sauyo, Quezon City. QCPD Ddrector Police Brig. Gen. Randy Glenn Silvio said the...
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...
Selected local government units (LGUs) across the country have been authorized to directly undertake classroom construction projects, in a move by the government aimed at accelerating the delivery of much-needed school infrastructure and easing classroom shortages. Education Secretary Sonny Angara...
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...
The Department of Public Works and Highways (DPWH) has issued interim guidelines allowing implementing offices to use market-based prices in project costing to avoid delays amid rising fuel costs. The move comes as global oil prices surge due to geopolitical tensions involving Iran, Israel, and...
