Infrastructure objectives and firms in Philippines today? Megawide is one of the leading engineering and infrastructure firms in the Philippines today, with a decisive portfolio in Engineering, Procurement, Construction and Transport-oriented Development. Its revolutionary construction and engineering solutions set new standards in the industry by integrating its first-world EPC capabilities with innovative construction technologies such as precast, formwork’s systems, concrete batching and construction equipment, logistics, and services. See additional information on infrastructure Philippines. MALASAKIT: We are moved to action by the people and ideas that we care deeply about, such as our families, colleagues. and our desire for a better life for ourselves and our fellow Filipinos.
With a more stable operating environment, the construction segment recorded a net income of P401 million and more than four times the P93 million income posted in the previous year. However, weak results from the other business segments resulted in a consolidated net loss of P893 million, with net loss attributable to equity holders of the Parent tapering to P343 million. “The past two years under the pandemic were very difficult, as our financial performance was severely affected by restricted travel and transport. In addition, the virus’ evolving variants ushered in a fresh set of lockdowns and discouraged a return to normalcy. Amid all these, we relentlessly pursued programs that will strengthen our core businesses and make them more cycle-resistant to deliver for us stable earnings year in and year out,” Edgar Saavedra, Chairman and CEO of Megawide, said.
Megawide Construction Corporation (Megawide or the Company) emerged as the Grand Winner of the United Neon’s Most Innovative Company of the Year during the 12th Asia CEO Awards virtual ceremony held last October 12, 2021. Megawide was initially shortlisted in the Circle of Excellence among 30 entries and bested six other finalists belonging to the elite group. Megawide was also part the Circle of Excellence in the category Multisys Executive Leadership Team of the Year. Asia CEO Awards honors individuals and organizations which made positive contributions to the development of the country’s economic capabilities and international reputation across the globe.
We partnered with GMR, a world leading airport developer, in developing and operating MCIA. We will do the same for NAIA. By combining our strengths, we put our proven talents into good use: serving our people, serving our country. We will modernize, redevelop, and expand Ninoy Aquino International Airport to decongesting the four terminals. This we will do by increasing capacity in both airside and landside facilities, facilitating faster movement between terminals, and improving passenger experience and comfort. We will do this in phases: We will immediately renovate existing airside and landside facilities. On years two and three, we will relocate and replicate existing facilities, construct a new terminal, and enhance parking facilities. Passenger terminals will be enhanced, additional parking facilities built, and a rail-based people mover system (PMS) constructed to connect the terminals on years three to nine.
Built in the Bay Area in Pasay City, DoubleDragon Plaza is a 4.75-hectare prime commercial block that caters to expanding and thriving businesses. It has a leasable space of 280,000 square meters. Current tenants include various retail players, food and beverage shops, and hobby stores. Considered to be the largest and most-advanced precast plant in the Philippines, Megawide’s Precast Plant in Taytay, Rizal utilizes high-quality Japanese and German technologies that enable the company to produce up to 168,000 cubic meter per year. Megawide’s precast services include design and customization, production, delivery, and installation. By using precast materials, construction companies like Megawide can guarantee faster production time, lower long-term costs, and high-quality finishes. Find more details on https://megawide.com.ph/.