The Securities and Exchange Commission (SEC) has approved the ₱3-billion follow-on offering of preferred shares by engineering and infrastructure firm Megawide Construction Corp. In its meeting on Oct. 9, the Commission En Banc resolved to render effective the registration statement of Megawide...
The Department of Education (DepEd) gathered its Adopt-a-School partners and private sector allies on Friday, October 10, for a Classroom Market Scoping Activity — a key step toward mobilizing more partners to help close the country’s classroom backlog through transparent and standards-based...
BAGUIO CITY – Mayor Benjamin Magalong has urged the city council to initiate a third-party investigation on the P110-million Baguio tennis court to clear lingering questions surrounding the project. Magalong said an impartial review is necessary to shed light on concerns raised particularly on...
The Department of Public Works and Highways (DPWH) has ordered the preventive suspension of six officials of Baguio City District Engineering Office (DEO) over alleged rigging and manipulation of infrastructure project bids. DPWH Secretary Vince Dizon, in a memorandum dated Friday, Sept. 26, said...
The Department of Education (DepEd) on Thursday, September 25, welcomed the P22.5-billion boost to its 2026 budget for classrooms and key programs, thanking Congress for supporting President Marcos’ education agenda. In a statement, DepEd expressed gratitude to the House of Representatives for...
In light of its improving prospects, engineering and infrastructure firm Megawide Construction Corp. is increasing its maximum allowable dividend cash declaration policy to 50 percent from 30 percent of the previous year’s net income. In a disclosure to the Philippine Stock Exchange, the firm...
Raising concerns over construction quality and accountability in government infrastructure projects, the Department of Education (DepEd) on Friday, September 19, revealed that more than 1,000 classrooms nationwide had been turned over to schools in an “unfinished” state. Citing an audit...
The P189-billion Panay-Guimaras-Negros Island bridges project is fast approaching a key milestone as its detailed engineering designs near completion, the Department of Public Works and Highways (DPWH) said Thursday, Sept. 18. DPWH Secretary Vince Dizon said the Panay-Guimaras segment, a...
Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
Sen. Paolo “Bam” Aquino IV said he is confident that his proposed Classroom-Building Acceleration Program (CAP) Act, or Senate Bill No. 121, will help speed up the construction of classrooms in public schools and significantly reduce the backlog. If enacted into law, SB No. 121, Aquino said,...
Wawao Builders and SYMS Construction, contractors behind flood control projects in Bulacan, were slapped with a lifetime ban in participating in any government projects, the Department of Public Works and Highways (DPWH) disclosed on Thursday, Sept. 4. DPWH Secretary Vince Dizon announced the...
Senator Panfilo “Ping” Lacson on Thursday, September 4 said he strongly supports a complete overhaul of the Philippine Contractors Accreditation Board (PCAB), the agency responsible for accrediting contractors, following allegations of corruption in government flood control projects. Lacson...
