Infrastructure projects and contractors 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. Read more details at infrastructure in the 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.
Nominations for the Asia CEO Awards 2021 were open to all Philippine-based organizations and individuals and accepted from April 30, 2021 to August 16, 2021 free of charge. This year’s edition drew a total of 514 entrants across all categories, the highest since the event debuted in 2009. The evaluation process also underwent strict scrutiny from the award-giving body’s official knowledge partner, PwC Philippines, and the esteemed Members of the Board of Judges, who are excluded from nominating their own candidates.
These efforts were recognized by different international and domestic award giving bodies. Some of our awards for MCIA include: The Medium Airport of the Year in Asia Pacific by the CAPA Center for Aviation among airports with over 10 million annual passengers in 2018; Regional Airport of the Year in 2016 by CAPA, recognizing it as a leader in advancing the local aviation industry; The World Architecture Festival in the Completed Buildings-Transport category in 2019; Ani ng Dangal (Harvest of Honors) Awards – Architecture and Allied Arts of the Philippine government this 2020.
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. See even more info at https://megawide.com.ph/.