Megawide Construction Corp. is moving to build 100,000 low-cost homes in five years, one of the largest private commitments yet to the government’s flagship 4PH housing program.
Solar power in the Philippines has always been limited by daylight hours, but tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) has changed that with the launch of the country’s first baseload solar plant.
Megawide Construction Corp. raised P5.3 billion from its preferred shares offering, with proceeds set to help fund its expansion into affordable and socialized housing developments outside Metro Manila.
Tycoon Edgar Saavedra’s Megawide Construction Corp. booked a profit of P183.4 million during the first quarter of the year, reversing losses of P7.4 million.