Megawide Construction Corporation is planning to raise about P7.6 billion from the issuance of its Series 6 preferred shares, via share subscription and a follow-on offering, after increasing its authorized capital stock to P5.18 billion. In a disclosure to the Philippine Stock Exchange (PSE), the...
By DERCO ROSAL Construction activity in the country declined in August due to reduction in residential and commercial building projects, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the number of constructions based on approved building permits fell by 7.5...
Project sponsor-firm MGen Renewable Energy Inc. (MGreen), which is a subsidiary of Meralco PowerGen, has cemented a deal with affiliate Meralco Industrial Engineering Services Corporation (MIESCOR) for some construction components in the conglomerate’s $4.0 billion Terra Solar project. In a...
BuildHub PH, an online marketplace focused on construction, has teamed up with the Bank of the Philippine Islands (BPI) to support construction businesses in the country. In a statement, BuildHub PH said its partnership with the Ayala-led bank will offer contractors and hardware stores access to up...
State-run Bases Conversion and Development Authority (BCDA) has partnered with the Korean government agency National Agency for Administrative City Construction (NAACC) for New Clark City’s (NCC) urban planning, smart city development, green energy, and smart administrative systems. In a...
Engineering and infrastructure firm Megawide Construction Corporation registered a 21 percent growth in consolidated net income for the first six months of the year to P438 million as construction operations sustained its strong momentum. In a disclosure to the Philippine Stock Exchange, the...
PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan. In a statement, the firm said the fresh...
Megawide Construction Corporation, an infrastructure and engineering firm led by tycoon Edgar Saavedra, has listed P5 billion worth of Fixed-Rate Bonds at the Philippine Dealing and Exchange Corp. (PDEx) after an oversubscribed public offering. In a disclosure to the Philippine Stock Exchange, the...
Engineering and infrastructure firm Megawide Construction Corporation has listed P5.0 billion Fixed-Rate Bonds (inclusive of the P1.0 billion oversubscription option) at the Philippine Dealing and Exchange Corporation (PDEx). In a disclosure to the Philippine Stock Exchange on July 11, 2024,...
Approved building permits rose 12.8 percent in April from a year ago as more residential and non-residential projects were started. A report from the Philippine Statistics Authority (PSA) showed that construction starts, measured by building permit approvals, totaled 13,332 during the month, an...
The Securities and Exchange Commission (SEC) has approved the planned bond offering of Megawide Construction Corporation worth up to P5 billion. In its meeting on June 18, the Commission En Banc resolved to render effective the registration statement of Megawide covering up to P4 billion of...
The cost of construction materials in Metro Manila increased at a slower pace in May, the Philippine Statistics Authority (PSA) reported. The annual growth rate of the construction materials retail price index (CMRPI) dropped to 1.0 percent in May 2024 from 1.2 percent in April and 2.6 percent in...
