Megawide PCS showcases innovative construction solutions at Philconstruct 2024
MEGAWIDE Construction Corp. (Megawide), through its Precast and Construction Solutions (Megawide PCS) unit, made another strong impression at the Philconstruct 2024 Expo held at the World Trade Center and SMX Convention Center from Nov. 7 to 10, 2024. “Our participation in Philconstruct 2024 represents our mission to provide first-world construction solutions that elevate industry standards. […]
DTI-CIAP, PCA push for green building practices at the 5th Philippine Construction Congress
Pasig City, Philippines—On November 28, the Department of Trade and Industry, through its attached agency Construction Industry Authority of the Philippines (CIAP), hosted the 5th Philippine Construction Congress to champion sustainability and innovation building practices. In partnership with the Philippine Constructors Association, Inc., the event brought together industry leaders, policymakers, and experts to chart a […]
49 gov’t infra projects exempted from poll ban on public works
By Ferdinand Patinio | Philippine News Agency | December 13, 2024 6:22PM MANILA – A total of 49 government infrastructure projects such as railways, hospitals and airports are exempted from the election ban on public works in connection with next year’s midterm polls. In a certificate of exception signed by Commission on Elections (Comelec) Chairperson […]
Construction begins on P45-M farm-to-market road in Kidapawan City
By John Andrew Tabugoc | Philippine News Agency | November 19, 2024 3:03PM KIDAPAWAN CITY, North Cotabato – The construction of a PHP45-million farm-to-market road (FMR) in Barangay Sibawan commenced Tuesday, a project expected to benefit hundreds of farmers in the area. Spanning 3.34 kilometers, the project is funded under the Philippine Rural Development Program […]
Funding put in place for $2.8bn Philippines motorway
By David Rogers | Global Construction Review | November 18, 2024 The Philippines has secured nearly $2.8bn in loans for a 26km motorway along one of the country’s busiest corridors. The Asian Development Bank (ADB) will lend just under $1.7bn, the Export-Import Bank of Korea will lend $904m, and the Asian Infrastructure Investment Bank will […]
Austal secures new catamaran order for construction in Balamban
By Katlene O. Cacho-Laurejas | Sunstar | November 06, 2024 7:31PM AUSTAL Philippines, a player in the global shipbuilding industry, has secured a contract to construct a 32-meter catamaran for Rottnest Fast Ferries. This advanced aluminum vessel, designed by Australian firm Incat Crowther, will be built in Austal’s shipyard at West Cebu Estate (WCE) in […]
500 families risk losing livelihood due to SMC’s proposed Boracay bridge
By RJay Zuriaga Castor | Rappler | November 16, 2024 5:17PM ILOILO CITY, Philippines – The proposed construction of a bridge connecting Boracay to the mainland town of Malay, Aklan, promises to provide easy access to the world-renowned island, but it would also mean an end to the livelihood of several boatmen. Caticlan Boracay Transport […]
Megawide profit surges by 69 percent in 9 months
By Richmond Mercurio | The Philippine Star | November 16, 2024 12:00am MANILA, Philippines — Earnings of Megawide Construction Corp. surged by more than half in the nine months ending September on the back of higher revenues coupled with lower costs. Megawide reported a 69-percent jump in net income to P562 million as revenues grew […]
Construction projects bolster Megawide profit
By Meg J. Adonis | Philippine Daily Inquirer | November 16, 2024 2:24 AM Government-led infrastructure projects and renewable energy capacity expansion allowed Megawide Construction Corp. to post in the first nine months of the year total profits of P562 million, a 69-percent surge year-on-year. Tycoon Edgar Saavedra-led Megawide on Friday said revenues inched up […]
HJ S&C wins $200 mn Philippines new port construction project order
It aims to complete by 2027, including a pier, and operational facilities, on a 250,000-square-meter reclaimed area By Oh-Sang Yoo | The Korea Economic Daily | November 14, 2024 HJ Shipbuilding & Construction Co. (HJ S&C) said on Thursday its construction division secured a 280 billion won ($200 million) contract to build a new […]