Philippine Rating Services Corp. (PhilRatings) has reaffirmed its PRS Aa rating with a Stable Outlook on Megawide Construction Corp.’s P9 billion bonds, pointing to solid earnings momentum and a growing infrastructure portfolio.
Tycoon Edgar Saavedra’s Megawide Construction Corp. is racing ahead of last year’s earnings pace, with first-half profit already hitting 81 percent of its 2024 total.
Tycoon Edgar Saavedra’s PH1 World Developers has officially opened the model unit block of Southscapes Trece Martires, giving the public a first look at Cavite’s first energy-efficient residential community.
Tycoon Edgar Saavedra’s Megawide Construction Corp. posted its first-ever net income from real estate subsidiary PH1 World Developers in the first quarter of 2025, signaling a new earnings driver for the traditionally construction-led firm.
Tycoon Edgar Saavedra’s Megawide Construction Corp. delivered a breakthrough year in 2024, doubling its net income to P538 million on the back of strong momentum in construction, real estate, and transport.
Megawide Construction Corp. is kicking off the next phase of Cebu’s Carbon Market redevelopment with a bold P1.1-billion expansion, aiming to transform the historic site into a world-class destination that blends local heritage with global energy.
Tycoon Edgar Saavedra’s Parañaque Integrated Terminal Exchange (PITX) is nearing its 200-millionth passenger milestone, which will be reached by the second quarter of 2025, further cementing its position as the country’s top intermodal transport hub.
Tycoon Edgar Saavedra remains optimistic about the real estate sector, staying agile as market trends evolve, despite expectations of a prolonged slump in Metro Manila’s mid-market housing sector due to a persistent oversupply.