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...
CALAMBA CITY, Laguna – A 41-year-old construction worker was shot dead in Sitio Ilaya, Purok 7, Barangay Parian, this city, on New Year’s Day. Police said the victim, Christopher Cabales, single, and a resident of Sitio Ilaya, was crossing a bridge on the railroad when a man appeared and shot...
Prices of wholesale construction materials in Metro Manila remained unchanged in November, according to a report by the Philippine Statistics Authority (PSA). Based on the Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR) report, PSA said the index remained...
Aboitiz Construction, the development arm of the Aboitiz Group, has started building the 72.2 hectare LIMA Estate in Batangas and aims to complete the project by 2025. The firm said in a statement that, “once completed, this will help accommodate new businesses in the area and generate thousands...
SAN VICENTE, Ilocos Sur – A construction worker was gunned down in Barangay Bayubay Norte here on Sunday night, September 25. Police identified the victim as Renan Lofredo Revoltiado, 41, a resident of Barangay San Julian Norte, Vigan City, Ilocos Sur. The victim was shot with a caliber .45...
The Commission on Audit (COA) has dismissed, due to pending Supreme Court (SC) cases, the petition for money claim filed by MTD Philippines, Inc. which sought the payment by the Calamba City government of P755,006,011.34 for the botched construction of the CALABARZON Regional Government Center in...
