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...
PH1 World Developers, the newly-acquired real estate subsidiary of Megawide Construction Corporation, is launching two projects worth P3.5 billion this year as it diversifies into the horizontal residential space. In a press briefing, PH1 World Developers President Gigi G. Alcantara said they have...
The country’s largest construction materials manufacturers issued an appeal to builders and construction companies to “Build Lokal” by patronizing the use of local building materials in their projects over imported products to support the growth of domestic manufacturing. The group issued this...
Megawide Construction Corporation is planning to raise P1.5 billion from the issuance of a new series of preferred shares to fund the redemption of a previously issued series of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the Securities and...
Precast and Construction Solutions (PCS), Megawide Construction Corporation’s engineering innovations unit, reported a modest two percent improvement in revenues to P720 million in the first nine months of 2022 from the same period in 2021 and more than three times the P206 million recorded in...
Aboitiz InfraCapital Inc. (AIC) has closed its acquisition from Megawide Construction Corporation and GMR Airports International, B.V. (GAIBV) for the P25 billion acquisition of the Mactan-Cebu International Airport. In a disclosure to the Philippine Stock Exchange, Megawide said the transaction...
Megawide Construction Corporation reported that its attributable net loss ballooned to P445.25 billion in the first nine months of the year, a 451 percent spike from losses of P80.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
CEBU City Mayor Michael Rama with President Ferdinand R. Marcos Jr. (FB photo) CEBU CITY – Mayor Michael Rama here and officials of the Megawide Construction Corp. (MCC) signed Sunday, July 31, the Supplemental Memorandum of Agreement (MOA) for the redevelopment of the century-old Carbon Market....
President Ferdinand Marcos Jr. should prioritize rehabilitating the Ninoy Aquino International Airport (NAIA) in his first one hundred days in office, an infrastructure-oriented think tank urged. "One of the original sins of the previous administration has been the cancelation of the NAIA...
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...
