The Department of Public Works and Highways (DPWH) has institutionalized the use of polyethylene terephthalate (PET) plastic bottle waste in asphalt mixtures as a standard for national road construction to enhance pavement durability and promote sustainable infrastructure. This follows the...
Megawide Construction Corporation’s real estate subsidiary PH1 World Developers, Inc. has turned profitable, boosting the engineering conglomerate’s first quarter financial results. In a disclosure to the Philippine Stock Exchange, Megawide reported that its net income for the first quarter of...
PAKIL, Laguna – The contractor of a bridge here said on Tuesday that they were not blacklisted by the Department of Public Works and Highways after the infrastructure collapsed in 2019. Curlee Discaya, chief executive officer of Saint Gerrard Construction, issued the statement after...
Megawide Construction Corporation has raised ₱5.3 billion from its oversubscribed offering Series 6 Preferred Shares which it has listed on the Philippine Stock Exchange (PSE) on April 14, 2025. In a disclosure to the bourse, the firm said the offer was 1.7 times oversubscribed from the...
Megawide Construction Corp.’s (Megawide) engineering, procurement, and construction (EPC) unit will commence with the construction of the ₱1-billion Block-2 of the ongoing Carbon Market redevelopment. The scope of work under the design and build contract for the Block-2 vertical structure...
After a slight delay, Megawide Construction Corporation is kicking off on March 26 its ₱6 billion Series 6 Preferred Shares Offering after receiving the Permit to Sell (PTS) from the Securities and Exchange Commission (SEC) on March 24, 2025. “With the PTS, the Company and the syndicate...
The Securities and Exchange Commission (SEC) has approved Megawide Construction Corporation’s planned public offering of up to ₱5.95 billion worth of preferred shares. In its meeting on Feb. 25, the Commission En Banc resolved to render effective Megawide’s registration statement covering a...
PH1 World Developers Inc. (PH1WD), the property development arm of Megawide Construction Corporation, reported robust sales amounting to ₱1.6 billion for its residential community in the province of Cavite. In a statement, the firm said One Lancaster Park (OLP)—a multi-tower development located...
The Department of Trade and Industry (DTI), through the Construction Industry Authority of the Philippines (CIAP), has formalized a partnership with the National Security Council (NSC) to initiate an assessment of national security threats within the country’s construction projects. DTI Secretary...
Engineering and infrastructure conglomerate Megawide Construction Corporation and Maplecrest Group Inc. (MGI), through the joint venture Cavite Rapid Transport Inc., have signed the contract for the P1.87 billion Cavite Bus Rapid Transit System Project (CBRT) with the Provincial Government of...
PH1 World Developers Inc. (PH1WD), the residential real estate unit of Megawide Construction Corporation, is planning to launch at least P14.3 billion worth of projects this year. In an interview during the launch of new projects for 2025, PH1WD Chairman Edgar Saavedra said they are launching...
The Securities and Exchange Commission has approved the plan of Saavedra-led Megawide Construction Corporation to raise up to P6 billion from the issuance of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said the SEC has issued on January 23, 2025 the Certificate of...
