As part the Aboitiz Group’s Great Transformation, Aboitiz Construction is one of the first construction companies in the country that pursued the digitalization of its equipment on project sites. The construction works for the second phase of the LIMA Estate (LIMA) expansion is progressing...
The government lost billions of pesos in power subsidies and tax incentives to now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil), the Fiscal Incentives Review Board (FIRB) said. In a statement Tuesday, June 7, Finance Assistant Secretary and FIRB Secretariat Head...
Megawide Construction Corporation’s proposed bond issue of up to P4 billion has been assigned an issue credit rating of PRS Aa with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said Megawide plans to issue bonds worth P3.0 billion, with an...
In the Philippines, aside from sari-sari stores, bakeries, and pawnshops, one business that really thrives and lasts longer than usual is a hardware shop. In a country where do-it-yourself (DIY) has been a part of its rich culture, small family businesses served as a testament of resilience and...
Megawide Construction Corporation reported that its net loss increased to P893 million last year from P874 million in 2020 while attributable losses eased to P343 million in 2021 from P398 million. In a disclosure to the Philippine Stock Exchange, the firm said the higher loss was incurred despite...
Aboitiz Construction projects in Taganito HPAL Nickel Corporation (THPAL) and Tecnimont and JGC Philippines Joint Ventures (TJJV) recently achieved 11 million safe man-hours without lost-time injury. 78026 In line with its commitment to promote safety culture, Aboitiz Construction achieved 8.3...
Suprea makes headway as a preferred supplier of ready-mixed cement Cebu-based Suprea Phils. Development Corporation is fast growing as a provider of ready-mixed concrete in Cebu Province and the northern Mindanao area. Ready-mix concrete is beneficial primarily in its much higher quality. This...
ILOILO CITY – The on-going construction of the P11.2-billion mega dam project in Iloilo province has reached an almost halfway mark, according to the National Irrigation Administration (NIA). Construction for the Jalaur River Multipurpose Project-Stage II (JRMP-II) in Calinog town, Iloilo...
media Aboitiz Construction clinched the deal to develop the second phase of affiliate LIMA Estate’s industrial land expansion in Lipa-Malvar, Batangas, the former announced March 7. The project, which will generate 22,000 job opportunities, covers 57 hectares and will be completed next year. It...
MB file photo Holcim Philippines accomplished a number of sustainability and innovation initiatives in 2021 to raise its business performance and contributions to development such as an agreement to have its cement plants in Luzon run on solar energy. Leading building solutions provider, Holcim...
From top left: Austal Philippines’s FSTR Ferry in Cebu; Oleochemical plant in Misamis Oriental; Sarangani Power Plant in Sarangani Province; and Davao International Container Terminal in Davao del Norte. Bigger projects underway this 2022 In 2021, Aboitiz Construction, Inc. (ACI) implemented...
Construction works for the long-awaited Philippine National Railways (PNR) Bicol, also known as the South Long Haul Project, are set to start within the first quarter of 2022, the Department of Transportation (DOTr) said. PHILIPPINE NATIONAL RAILWAYS (PNR) "Yung construction works mag-uumpisa po...
