Construction

Megawide Construction Corp., led by Ed Saavedra, is set to raise P6 billion through a preferred share offering from March 26 to April 4, 2025, as part of its strategy to refinance existing debt and fund expansion projects, particularly in real estate development. The offering is led by a syndicate comprising PNB Capital and Investment Corp., RCBC Capital Corp., and …

Filinvest Land, Inc. (FLI) plans to open Filinvest Malls Mimosa in Clark by the fourth quarter of the year. “We’re concentrating on opening at least this 21,000 square meters (21sq.m.) in the fourth quarter [of 2025],” Filinvest Malls First Vice-President and Retail Business Unit Head Mitch Dumlao said at a news briefing during the company’s 70th-anniversary celebration two weeks ago. …

Megaworld, one of the leading property builders,  is spending P30 billion over the next  five years to build more office spaces around the country. Kevin Tan, president and CEO of Megaworld parent Alliance Global Group,  said they plan to open some 50,000 square meters of office inventory in Bacolod, Iloilo, and Cebu. This in addition to the 60,000 square meters …

By Jinky Jorgio Officials from the Department of Public Works and Highways (DPWH) and the Asian Development Bank (ADB) officially launched  the consultative meeting for the proposed Central Luzon-Pampanga River Floodway Project and the Integrated Flood Resilience and Adaptation 2 (InFRA 2) Project that focuses on three major river basins in Luzon, Visayas, and Mindanao. The kick-off meeting  last March …

The Metropolitan Manila Development Authority (MMDA) and the San Juan City government have signed an agreement for the construction of a sustainable linear park along the San Juan River. MMDA Chair Romando Artes and Mayor Francis Zamora signed a memorandum of agreement (MOA) for the development of the park and applying nature-based solutions during the groundbreaking ceremony at the San …

Digital infrastructure service provider Beeinfotech PH has inaugurated a $150-million data center in Pasig, touted as one of the largest ‘telco-neutral’ facilities of this kind in the country. The company recently held a ribbon-cutting for HIVE Hybrid Data Center, described as a “highly advanced” facility with over 3,600 racks across its 43,000-square-meter footprint. Beeinfotech PH Chief Executive Officer and President …

The Department of Human Settlements and Urban Development (DHSUD) will build 3,000 housing units in Toledo City, Cebu, as part of its flagship housing project. A tripartite memorandum of agreement, under the flagship project of President Ferdinand Marcos, Jr  dubbed as Pambansang Pabahay para sa Pilipino Program (4PH), was signed by DHSUD, together with the city government of Toledo and …

As the Philippines joins the world in observing Earth Hour, Ayala Malls reaffirms its commitment to environmental sustainability that extends far beyond a single hour of symbolic darkness.  Ayala Malls provides a relaxing and enjoyable experience for mallgoers, even during the intense summer heat, through advanced chilled water systems that efficiently absorb excess heat and regulate indoor temperatures – ensuring …

The Philippine Economic Zone Authority (PEZA) and Bases Conversion and Development Authority (BCDA), some of the country’s top investment promotion agencies (IPAs), have agreed to split their functions  and speed up the decision-making process in facilitating investments in New Clark City in Tarlac. Under this interim arrangement, PEZA Director General Tereso O. Panga explained that “BCDA will monitor and report …

The  Department of Transportation (DOTr) will finance the PHP50-million feasibility study on the proposed New Iloilo North Coast Road and New Iloilo South Coast Road from the Iloilo International Port in this city’s Lapuz district. Iloilo City Lone District Rep. Julienne Baronda announced the funding following a meeting with Transportation Secretary Vivencio Dizon during his visit to Iloilo earlier this …