PH1 World Developers (PH1WD), the real estate arm of Megawide Construction Corp. (Megawide), has started construction of a P1.5-billion mid-rise condominium development in Imus City, Cavite. The project is under the government’s “Pambansang Pabahay Para sa Pilipino Housing (4PH) Program” and...
The Philippine Statistics Authority (PSA) reported that construction activities in the country posted a decline in March compared to the same month last year. According to the PSA, the number of constructions from approved building permits dropped 15 percent to 13,320 in the third month of the 2024...
Engineering and infrastructure firm Megawide Construction Corporation bounced back to profitability with a consolidated net income of P183.4 million in the first quarter of 2024 from the P7.4 million net loss in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Megawide Construction Corporation reported that its Precast and Construction Solutions (PCS) unit is supplying precast double tee slabs for the North Luzon Expressway’s Candaba Viaduct expansion by working closely with Leighton Asia. In a statement, Megawide said the project, which involves...
Engineering and infrastructure firm Megawide Construction Corporation’s planned P5-billion bond offering has been assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). Megawide plans to offer bonds worth P4 billion, with an...
Engineering and infrastructure firm Megawide Construction Corporation has bagged the contract to construct the newest Landers Store which will be built in Aseana City. In a statement, the firm said the project will further bolster Megawide’s class as the premier builder of these modes of...
Megawide Construction Corporation reported a turnaround in its 2023 performance to a consolidated net income from continuing operations of P269 million from the P1.87 billion consolidated net loss incurred in 2022. In a disclosure to the Philippine Stock Exchange, the firm reported consolidated...
Megawide Construction Corporation is planning to raise up to P5 billion from a bond offering that was approved by its board of directors last April 12. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board has authorized the offering of peso-denominated fixed rate bonds...
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...
