Manila Mayor Francisco "Isko Moreno" Domagoso could not hide his dismay following his discovery of an alleged unauthorized construction project being done on a vacant lot owned by the city government and immediately ordered the confiscation of the machineries being used there. During his...
Megawide Construction Corp. expects higher earnings in 2025 as it reported a consolidated net income of ₱436 million in the first six months of the year—slightly lower than the ₱438 million earned in the same period last year but amounting to 81 percent of full-year 2024 net income. In a...
The Department of Public Works and Highways (DPWH) is now investigating into how a construction company with only P250,000 in capital was able to corner around P5.3 billion worth of flood control projects this year. DPWH Secretary Manuel Bonoan said the agency will review the records of the...
Citing the need for classrooms conducive to learning, the government was urged to utilize partnerships between local government units (LGUs) and the private sector to accelerate the construction of cost-effective classrooms and eliminate shifting schedules for Kindergarten to Grade 3 students....
Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
Construction firm Scheirman Construction Consolidated Inc. (SCCI) has deployed ₱129 million worth of new vehicles and heavy equipment to accelerate the company’s nationwide footprint. In partnership with Powertrac Inc. and SB Rental, SCCI unveiled its new fleet during a turnover ceremony held...
Aboitiz Construction reported that it has signed a contract with Aboitiz Equity Ventures’ subsidiary Republic Cement and Building Materials Inc. (RCBM) to provide site-specific support across three of its key facilities. In a statement, the engineering unit of the Aboitiz Group said this deal...
A revised rehabilitation approach for EDSA and the enforcement of an odd-even traffic scheme will proceed in 2026 following a review of construction methods and project timeline, the Department of Public Works and Highways (DPWH) said on Friday, Jul. 4. DPWH Secretary Manuel Bonoan said the agency...
Engineering and infrastructure firm Megawide Construction Corporation plans to raise ₱3 billion from its second preferred share issuance this year, as it aims to more than double its order book to a record ₱48 billion. During the firm’s annual stockholders’ meeting, Megawide Chief Finance...
BACOLOD CITY – A 55-year-old construction worker was killed by the concrete wall of a hotel comfort room that collapsed at the Goldenfield Commercial Complex in Barangay Singcang-Airport here on Friday, June 20. The Bureau of Fire Protection (BFP)-Bacolod took the victim Arnel, a resident of...
Aboitiz Construction has diversified into the business of providing maintenance services to the Aboitiz Group’s airport and property units, in order to expand its portfolio beyond construction to long-term operations and asset upkeep. In a statement, the firm announced that this new business...
Engineering and infrastructure firm Megawide Construction Corporation is planning to raise ₱4 billion from another issuance of preferred shares after its oversubscribed issuance last April. In a disclosure to the Philippine Stock Exchange, the firm said it is increasing the company’s authorized...
