Infrastructure projects and contractors in Philippines 2022? 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. See extra info at infrastructure 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.
NAIA is presently under pressure to serve 45 million passengers per year. It has exceeded its design capacity of 31 million passengers per year. This has resulted to numerous flight delays, congested passenger terminals, and exasperated passengers. We will gradually expand NAIA’s capacity to accommodate 65 million passengers per year. To decongest the four terminals, we will increase capacity in both airside and landside facilities, facilitate faster movement between terminals, and improve passenger experience and comfort. Megawide is a Filipino construction company with extensive experience in building infrastructure projects such as the Mactan-Cebu International Airport, as well as the new passenger terminal in Clark International Airport.
Megawide Construction Equipment, Logistics and Services (CELS) delivers superior and cost-effective end-to-end services through an extensive roster of first-world equipment for construction, material handling, earthmoving, concrete delivery, and vehicles for transport and logistics. These world-class construction solutions enable maximum efficiency with shorter timelines. Megawide CELS also provides equipment leasing options to clients. See more info at https://megawide.com.ph/.