Real estate firms PH1 World Developers (PH1WD), a unit of Megawide Construction Corporation, and ProFriends have forged a joint venture Famtech Properties (Famtech) to develop a property in Imus City, Cavite. COLLABORATION SEALED: PH1WD project director Spike Ching (from left), PH1WD President Gigi...
Megawide Construction Corporation has completed building the structure for housing developer 8990 Holdings’ 47-storey Urban Deca Cubao residential condominium. (L-R: Megawide Construction COO Frederick Tan, ECTA Principal Arch. Edward Co. Tan, Megawide Chairman & CEO Edgar Saavedra, 8990...
Megawide Construction Corporation expects its real estate subsidiary PH1 World Developers to be ripe for an initial public offering (IPO) in two to three years or around 2025 when its business has grown to about twice its current size. In an interview, Megawide Chairman and CEO Edgar Saavedra said...
Growth in the retail prices of construction materials in Metro Manila inched up in December last year after 16 months of decline, according to a report by the Philippine Statistics Authority (PSA). Based on the survey of seven commodity groups, the growth in the Construction Materials Retail Price...
CALAMBA CITY, Laguna – A 41-year-old construction worker was shot dead in Sitio Ilaya, Purok 7, Barangay Parian, this city, on New Year’s Day. Police said the victim, Christopher Cabales, single, and a resident of Sitio Ilaya, was crossing a bridge on the railroad when a man appeared and shot...
Prices of wholesale construction materials in Metro Manila remained unchanged in November, according to a report by the Philippine Statistics Authority (PSA). Based on the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) report, PSA said the index remained...
Aboitiz Construction, the development arm of the Aboitiz Group, has started building the 72.2 hectare LIMA Estate in Batangas and aims to complete the project by 2025. The firm said in a statement that, “once completed, this will help accommodate new businesses in the area and generate thousands...
SAN VICENTE, Ilocos Sur – A construction worker was gunned down in Barangay Bayubay Norte here on Sunday night, September 25. Police identified the victim as Renan Lofredo Revoltiado, 41, a resident of Barangay San Julian Norte, Vigan City, Ilocos Sur. The victim was shot with a caliber .45...
The Commission on Audit (COA) has dismissed, due to pending Supreme Court (SC) cases, the petition for money claim filed by MTD Philippines, Inc. which sought the payment by the Calamba City government of P755,006,011.34 for the botched construction of the CALABARZON Regional Government Center in...
LAOAG CITY, Ilocos Norte – A construction worker died after he was electrocuted in Barangay 7-A here on Friday, September 1. Police identified as Allyson John Domingo, 22. A resident of Barangay 1, San Nicolas, this province, Domingo was reportedly fixing the molding of a newly constructed...
PH1 World Developers, the newly-acquired real estate subsidiary of Megawide Construction Corporation, is launching two projects worth P3.5 billion this year as it diversifies into the horizontal residential space. In a press briefing, PH1 World Developers President Gigi G. Alcantara said they have...
Senate deputy minority leader Senator Risa Hontiveros on Monday, August 7 said the government should ban the Chinese Communications Construction Co. (CCCC), and its subsidiaries, from operating in the Philippines. Sen. Risa Hontiveros (Senate PRIB Photo) Hontiveros made the call...
