Megawide to Invest P3 Billion in Cavite Precast Plant, Doubling Housing Output
Megawide Construction Corp. is investing P3 billion in a new precast facility in Cavite, aiming to more than double its annual housing production capacity from 10,000 to 25,000 units. This expansion is intended to support the government's Pambansang Pabahay Para sa Pilipino (4PH) program.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippine Banks Maintain Profit Growth in 9 Months Amid Forex Losses
Philippine banks posted a combined net income of P315.47 billion in the first nine months of 2023, a 4.2% increase year-on-year, driven by stronger interest earnings. However, foreign exchange losses and higher provisions for bad loans tempered the profit growth.
- EastWest Bank's Net Income Drops 24% Amid Tougher Economic Climate
EastWest Banking Corp. reported a 24.2% year-on-year decline in net income to P5 billion for the first nine months of 2026, primarily due to higher provisions for potential credit losses amidst a challenging economic environment. Despite revenue growth, heightened credit risks impacted earnings.
- Bloomberry Taps Over 100 Streamers for New Live Betting and Interaction Product
Bloomberry Resorts Corp.'s online gaming unit, OnlyFun.PH, is set to enhance its new product, FollowBet, by adding over 100 streamers this fourth quarter. The platform combines live betting with real-time interaction, aiming to capitalize on the growing market for live engagement in the Philippines.
- DOE Ready to Defend New Mining Bid Rules in Court
The Department of Energy (DOE) in the Philippines is prepared to defend its proposed framework for awarding mining and natural resource contracts in court, should legal challenges arise. The new rules mandate the surrender of assets by existing contractors upon contract renewal and make financial offers the sole ranking factor for bidders, though some investors have raised concerns about regulatory uncertainty.