Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
Construction firm Scheirman Construction Consolidated Inc. (SCCI) has deployed ₱129 million worth of new vehicles and heavy equipment to accelerate the company’s nationwide footprint. In partnership with Powertrac Inc. and SB Rental, SCCI unveiled its new fleet during a turnover ceremony held...
Aboitiz Construction reported that it has signed a contract with Aboitiz Equity Ventures’ subsidiary Republic Cement and Building Materials Inc. (RCBM) to provide site-specific support across three of its key facilities. In a statement, the engineering unit of the Aboitiz Group said this deal...
A revised rehabilitation approach for EDSA and the enforcement of an odd-even traffic scheme will proceed in 2026 following a review of construction methods and project timeline, the Department of Public Works and Highways (DPWH) said on Friday, Jul. 4. DPWH Secretary Manuel Bonoan said the agency...
Engineering and infrastructure firm Megawide Construction Corporation plans to raise ₱3 billion from its second preferred share issuance this year, as it aims to more than double its order book to a record ₱48 billion. During the firm’s annual stockholders’ meeting, Megawide Chief Finance...
BACOLOD CITY – A 55-year-old construction worker was killed by the concrete wall of a hotel comfort room that collapsed at the Goldenfield Commercial Complex in Barangay Singcang-Airport here on Friday, June 20. The Bureau of Fire Protection (BFP)-Bacolod took the victim Arnel, a resident of...
Aboitiz Construction has diversified into the business of providing maintenance services to the Aboitiz Group’s airport and property units, in order to expand its portfolio beyond construction to long-term operations and asset upkeep. In a statement, the firm announced that this new business...
Engineering and infrastructure firm Megawide Construction Corporation is planning to raise ₱4 billion from another issuance of preferred shares after its oversubscribed issuance last April. In a disclosure to the Philippine Stock Exchange, the firm said it is increasing the company’s authorized...
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...
