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...
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...
With the race for ‘green investments’ building up in the country, Citicore Power Inc. is also bent on accelerating its renewable energy (RE) installations with a target of 1,500 megawatts (MW) in the next four years. The company, which is affiliated with the Megawide group, is eyeing to shore...
Every day at rush hour, in any major intersection in Metro Manila, you’ll be greeted by the same familiar scene — throngs of people lined up along the streets trying to catch a ride home. It’s a reality that has perplexed urban planners, transportation providers, and local government alike....
The joint venture of AC Energy Corporation (ACEN) of the Ayala group and Citicore Power Inc., which is affiliated with the Megawide group, will be funneling P2.7 billion worth of investment for a solar farm facility that shall be developed at a site in Arayat-Mexico towns in Pampanga. According to...
Megawide Construction Corporation is planning to raise up to P4 billion through another issuance of preferred shares to pay for debt. In a disclosure to the Philippine Stock Exchange, the firm said it will offer for sale of up to 40 million preferred shares, with a targeted price of P100 per share,...
Megawide GMR Construction Joint Venture on Friday (January 22, 2021) officially handed over the P9. 36-billion Clark International Airport Passenger Terminal Building (PTB) to the Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA). After the symbolic...
For over a month now, Megawide-GMR's P109-billion Ninoy Aquino International Airport (NAIA) Rehabilitation project remains in limbo, with not a single word of explanation from any of the three concerned government agencies why their Original Proponent Status (OPS) was revoked. This was what...
Cebu’s leading business groups are rallying behind Megawide Construction Corporation (“Megawide”) after the Manila International Airport Authority (MIAA) Board revoked the company’s Original Proponent Status (OPS) for the rehabilitation of the Ninoy Aquino...
The Manila International Airport Authority (MIAA) revoked the Original Proponent Status (OPS) of Megawide and GMR Infrastructure’s P109 billion proposal to rehabilitate the Ninoy Aquino International Airport (NAIA) with "no reason given" and the proponents last night (December 15) told reporters...
Engineering and infrastructure firm Megawide today (Dec 11) revealed details of its Banaue Rice Terraces -inspired architectural design for the P109 billion rehabilitation of the Ninoy Aquino International Airport (NAIA) Terminal 1 (T1). "We’re not just rehabilitating an airport, we're creating a...
MEGAWIDE Construction Corporation today (Nov 23) announced it has complied with the additional requirements for its P109 billion unsolicited proposal to rehabilitate the Ninoy Aquino International Airport (NAIA). The submission of additional documents to the Manila International Airport...
