Megawide - updates

Rappler's latest stories on Megawide

ARTICLE FINDER

Stocks to Watch: Waiting game for infrastructure

Jul 22, 2019 - 9:30 AM

The infrastructure boom is not quite here yet, and that may be good for patient investors

Conglomerates appeal for fast decision on NAIA proposals

Mar 11, 2018 - 11:25 PM

The conglomerates which form the so-called 'super consortium' say the Ninoy Aquino International Airport is a 'strategic national asset that needs upgrading without delay'

NAIA BATTLE. Top Philippine conglomerates are competing with Megawide-GMR group for the original proponent status of the NAIA rehabilitation project. File photo by Ben Nabong/Rappler

Megawide, Indian partner to compete with 'super consortium' for NAIA rehab

Mar 01, 2018 - 2:30 PM

GMR-Megawide's proposal provides a lower project cost and shorter concession period compared to that of the NAIA Consortium, formed by 7 of the country's top conglomerates

HEAD TO HEAD. The public-private partnership (PPP) frontrunner on airport deals will be competing with the consortium of 7 of the country’s top conglomerates for the original proponent status of the NAIA rehab project. Photo By Ben Nabong/Rappler

Cebu airport operator bags construction deal for new Clark terminal

Dec 19, 2017 - 3:20 PM

(UPDATED) The group of Megawide Construction Corporation and Bangalore-based GMR Infrastructure Limited will build a new terminal at the Clark International Airport, which will be able to accommodate an additional 8 million passengers yearly

NEW TERMINAL. The BCDA says the Clark International Airport's new terminal building is expected to break ground in the 4th quarter of 2017 and would be completed in 2020. Artist perspective courtesy of BCDA

3 new China-Cebu flights to launch in October

Oct 17, 2017 - 5:10 PM

Okay Airways, China Eastern, and Juneyao Airlines are set to launch new flights to and from Cebu soon

Megawide's proposed East-West Railway to cost $1 billion

Sep 18, 2017 - 4:50 PM

The railway would be an elevated 9.4-kilometer train line from Diliman, Quezon City to Lerma, Manila

FIRST RAIL DEAL. Megawide will exercise its option to buy up to 60% of the equity of East-West Railway Project upon incorporation of special purpose vehicle. Photo courtesy of Megawide

Auction for new Clark airport terminal starts

Aug 23, 2017 - 6:15 PM

The Bases Conversion and Development Authority names 7 prospective bidders including two Chinese firms once banned by the World Bank as well as the concessionaire of the award winning Mactan Cebu International Airport

NEW TERMINAL. The creation of a new passenger airport terminal in Clark is seen to increase passenger capacity by 8 million per year, from the existing 4.2 million passengers per year. Artist perspective courtesy of BCDA

Megacore buys 14.67% stake in Megawide for P5.68B

Aug 16, 2017 - 7:20 PM

This comes a day after Megawide announced it has bagged a P14 billion construction deal from mass housing developer 8990 Holdings

VOTE OF CONFIDENCE. Post-transaction, Saavedra, through Megacore and Citicore Holdings combined, will effectively own 40.17% of Megawide. In the photo are the top executives of Megawide. Photo from Megawide Construction

Megawide on track to hit income target despite slower revenues

Aug 11, 2017 - 4:31 PM

Megawide s net income for the 1st half of the year slowed down to P927 million from P985 36 million in the same period a year ago

#ThewRap: Things you need to know, June 12, 2017

Jun 12, 2017 - 10:00 AM

Hello Here are the stories you shouldn t miss this Monday

Megawide group proposes P208-billion Cebu airport expansion

Jun 12, 2017 - 12:45 AM

This would make the Cebu airport the only Philippine airport with two independent parallel runways seen to serve annual passenger capacities of up to 50 million

EXPANSION. The group also intends to rehabilitate the airport's existing runway and taxiways, build a 3rd terminal, add a full-length parallel taxiway, as well as construction of more rapid exit taxiways and runway holding positions. Image from GMR-Megawide official Facebook page

DOTr won't auction off Clark airport rehab

May 08, 2017 - 12:20 AM

The government will instead redevelop Clark International Airport and later auction off the operations and maintenance of the modernized gateway to the private sector

HYBRID. Developing the Clark airport and having another international gateway would be best for coping with demand growth in the future. Image from Clark International Airport website

GMR-Megawide consortium alarmed over Clark airport proposal

Mar 13, 2017 - 10:40 PM

The consortium asks the Department of Transportation to clarify why its proposal for the airport was abandoned

PROPOSAL. GMR-Megawide group submits P250-billion, 50-year proposal to upgrade, operate and maintain Clark airport. Screenshot from Megawide group

Megawide consortium to propose cable cars to ease Cebu traffic

Mar 06, 2017 - 12:45 AM

The development of a cable car system will only take 12 to 14 months as it has less infrastructure requirements like right of way says an official of the consortium

NEW WAY TO COMMUTE? The Cebu airport operator plans to propose using cable cars to ease Cebu traffic. Cable cars photo from Wikimedia

Coming soon: More China flights to and from Cebu

Mar 05, 2017 - 10:10 PM

Xiamen Airlines Sichuan Airlines and Air China are set to launch more flights to the Philippine province of Cebu

CASHING IN. More Chinese airlines will increase their flights going to and from Cebu, Philippines this year.

Is it Filinvest vs Megawide again for Clark airport development?

Mar 02, 2017 - 6:10 PM

The Filinvest JG Summit consortium has a P187 billion proposal Megawide GMR previously submitted a proposal that was discontinued but the DOTr says the project remains open for everyone

HEAD TO HEAD. This is the 3rd time Filinvest and Megawide will battle for a public infrastructure project. Rappler file photo

Alvarez slams bidding process of 5 PPP regional airport deals

Jan 27, 2017 - 7:26 PM

Speaker Pantaleon Alvarez says the operations and maintenance scheme to be implemented for the 5 airports may unnecessarily tie the government s hands

QUESTIONING THE DOTR. Speaker Pantaleon Alvarez continues criticizing the moves of the Department of Transportation.

1st PPP rolled out under Duterte: 5 regional airports

Jan 24, 2017 - 2:49 PM

Even if these regional airport PPP deals were unbundled they continue to lure big investors

1ST PPP CALL. These 5 airport PPP deals – cumulatively worth some P108.9 billion – were previously rolled out under the administration of former president Benigno Aquino III. Rappler file photo

Auction for Nueva Ecija prison postponed for 4th time

Nov 15, 2016 - 9:15 PM

This PPP project is part of government efforts to fix the Philippines prison system which the International Centre for Prison Studies ranks as the 4th most overcrowded in the world

OVERCROWDED. The maximum security compound of the NBP is overcrowded, housing over 16,000 inmates when it can accommodate only 6,000. Photo by LeAnne Jazul/Rappler

South, southwest bus terminals to be opened in 2018

Aug 28, 2016 - 11:05 PM

These terminals will be the end point for about 1 642 provincial buses currently entering Metro Manila daily effectively decongesting main thoroughfares

EDSA RELIEF. These terminals will be the end-point for about 1,642 provincial buses currently entering Metro Manila daily. Rappler file photo

Cebu airport operator sees net income surge by 55%

May 22, 2016 - 9:12 PM

Megawide Construction Corporation s net income surge is bolstered by its construction business and Mactan Cebu International Airport operations

PPP FRONTRUNNER. Megawide has bagged 5 of 10 awarded PPP deals since Aquino administration launched its flagship project in 2010. In the photo are the top executives of Megawide. Photo from Megawide Construction

Airlines launching 4 new int'l flights from Cebu in March

Feb 18, 2016 - 1:51 PM

Mactan Cebu International Airport is also recognized as Best Transport Deal in Asia Pacific

STRATEGIC DESTINATIONS. The operator of Mactan-Cebu International Airport identifies Middle East, the US, and Europe as key markets to increase inward tourism

Cebu airport building up to be alternative gateway

Jan 21, 2016 - 8:47 PM

A planned new terminal and runway could give the country a second major international airport

Emirates' Cebu-Dubai route to boost passenger traffic at Mactan Airport

Jan 06, 2016 - 4:30 PM

By March Emirates will connect travelers in and near Cebu and Clark Freeport in Pampanga to the Middle East Africa Europe and the Americas via Dubai

SECOND STRATEGIC DESTINATION. Emirates will launch a daily Dubai-Cebu-Clark circular service on March 30

Megawide group completes 1st school PPP deal

Jan 06, 2016 - 11:10 AM

Over 400 000 students in Ilocos Central Luzon and Calabarzon regions will be welcomed with newly built classrooms

ADDRESS BACKLOG. The school PPP project aims to supplement the current program of DepEd in reducing classroom backlog. Photo from Megawide website

Auction of Veterans Memorial transport hub in 2016

Nov 28, 2015 - 3:41 PM

In terms of project cost Transportation Secretary Joseph Emilio Abaya says ITS North will be a bit higher than the P4 billion 84 99 million ITS South Terminal PPP deal

THIRD ITS. The third integrated transport hub being implemented through PPP will be located inside the 55-hectare Veterans Memorial Medical Center in Quezon City

Megawide terminates PH Orthopedic modernization project

Nov 17, 2015 - 1:46 PM

Megawide says this is because the health department has not yet given the certificate of possession for the project site

TERMINATED. Megawide says it terminates its PPP-Philippine Orthopedic Center modernization project because the "Department of Health has not given us the certificate of possession for the project site yet,” Megawide chief information officer Louie Ferrer says in a text message reply on Tuesday, November 17. File image from Wikipedia

Bidders for regional airports PPP to submit bids on Aug 17

Aug 16, 2015 - 7:56 PM

The DOTC says the opening of bids is scheduled in January 2016 while the award will follow in February

Filinvest, Ayala battle for P4B ITS-South terminal project

Jul 31, 2015 - 7:45 PM

Datem the consortium of Megawide and WM Property Management opts out of the bidding for the Integrated Transport System ITS South terminal Project

BATTLE BETWEEN DEVELOPERS. Only 2 of the 4 qualified bidders move forward to bid for the ITS-South Terminal deal. Photos by Chrisee Dela Paz/Rappler

Aquino: No promises to make PPP implementation faster

Jul 28, 2015 - 8:30 AM

Instead of discussing actions to prevent delays in the implementation of public private partnership projects President Aquino asks for public s understanding in his last State of the Nation Address

MEETING EXPECTATIONS? The Aquino administration targets to complete 5 PPP projects by mid-2016, but only one has been constructed as of now

PH's PPP thrust: Work in progress

Jul 18, 2015 - 6:44 PM

UPDATED After 5 years since its kickoff in 2010 did the flagship public private partnership program of President Benigno Aquino III meet expectations?

PPP TRAFFIC JAM. 41-year-old Celina Garcia is just one of the millions Filipino motorists and commuters who find getting around Metro Manila more time-consuming than ever. Illustration by Mara Mercado/Rappler

San Miguel, Megawide group qualify to bid for reg'l prison PPP

Jul 15, 2015 - 6:45 PM

The new facility will accommodate 26 880 inmates and will include staff housing administrative buildings and areas for rehabilitation

PRISON PRIVATIZATION. A new prison facility will be built to "provide adequate living space, facilities, and address the basic needs of inmates incarcerated in existing penal facilities"

Megawide quadruples spending budget for 2015

Jun 30, 2015 - 9:47 PM

Megawide has roughly P8 billion 177 31 million in cash earmarked for various identified public private partnership projects says its CFO Oliver Tan

5TH PPP. Megawide has bagged 5 of 10 awarded PPP deals since Aquino administration launched its flagship project in 2010. In the photo are the top executives of Megawide. Photo from Megawide Construction

Groundbreaking for Mactan-Cebu's 'resort airport' on June 29

Jun 28, 2015 - 1:59 PM

UPDATED After 5 months of delay the construction of the new terminal for the Aquino administration s first airport public private partnership project will finally start on June 30

President Benigno S. Aquino III with Cebu Governor Hilario Davide III, Tourism Secretary Ramon Jimenez, Jr., Interior and Local Government Secretary Manuel Roxas II, lowers the time capsule during the Groundbreaking Ceremony of the Mactan Cebu International Airport (MCIA) New Passenger Terminal Building in Lapu-Lapu Airport Road, Lapu-Lapu City, Cebu on Monday. Assiting the president are Megawide Construction Corporation chairman Michael Cosiquien and GMR Group of Companies chairman Grandhi Mallikajurna Rao (June 29, 2015).  (Photo by Gil Nartea / Malacañang Photo Bureau)

San Miguel, DMCI, Megawide eye regional prison in Nueva Ecija

Jun 27, 2015 - 9:00 AM

The winning bidder will finance design build and maintain the prison facility for 23 years

SMART INVESTMENT. We find Prison PPP as a smart opportunity to invest in. If you look at Australia, the US, and Brazil, investing in prisons is profitable, says one of the interested bidders. Photos from bucor.gov.ph

PH sticks to bundled plan for 5 regional airports project

Jun 19, 2015 - 8:00 AM

Some of the top Philippine conglomerates and world s aviation experts have partnered to bag the bundled regional airports PPP deals

MORE AIRPORT PPP. Winners for the regional airports bundled deals could still join future airport PPP auctions, DOTC says. Photos from Wikipedia

Mactan-Cebu airport terminal construction starts June 30

Jun 16, 2015 - 7:00 PM

The new terminal is seen to increase the airport’s passenger capacity to 12 5 million a year from the current 4 5 million

MUCH-AWAITED. The interim plan of the government will reduce the delay to 6 months from a year, GMCAC President Manuel Louie Ferrer says. Photo from Mactan-Cebu Airport Facebook page

New team to add 250 MW of solar power to FIT race

May 20, 2015 - 5:24 PM

Solar Philippines and Citicore Power team up to provide 250 MW for the FIT allocation and beyond

Aquino to students: Books first before Facebook

Apr 17, 2015 - 4:45 PM

Open books before opening Facebook Finish your homework before the raid in the Clash of Clans Because like I said you will be the one to continue all this says the President

STUDY HARD. President Benigno Aquino III tells students to take advantage of the opportunities given to them by the government. Malacañang Photo Bureau

San Miguel, Megawide eye regional prisons PPP project

Apr 09, 2015 - 5:30 PM

Other interested firms for the P50 2B facility have until May 6 to submit pre qualification documents

Ayala interested in proposed P15B NAIA development

Apr 06, 2015 - 8:36 AM

The conglomerate however is not interested in the ongoing bidding for 5 regional airports

Mactan-Cebu airport upgraded with P49M navigational system

Feb 13, 2015 - 3:41 PM

The country’s second busiest airport will be installed with a DVOR DME equipment to aid pilots during bad weather and low visibility situations

CDO-bound Cebu Pacific plane turns back to Cebu

Jan 27, 2015 - 11:15 AM

The plane carrying 155 passengers turns back after experiencing mechanical problems 20 minutes from take off from the Mactan Cebu International airport

FLYING HIGH. Cebu Pacific is looking at flying 7 times a week to Canada to add to its long-haul routes. Photo by Ritchie Tongo/EPA

SEC okays Megawide P7B preferred share sale

Nov 07, 2014 - 5:27 PM

Megawide says funds from the activity will be used for its projects like the Mactan airport

Gov’t turns over Mactan airport to Megawide-led consortium

Nov 03, 2014 - 11:20 PM

The transition paves way for the P17 5 billion expansion project of the international airport but a business group asks the Supreme Court to stop it

Megawide consortium borrows P2.9B to modernize PH Orthopedic

Oct 04, 2014 - 6:15 PM

The consortium is still working on another P1 billion loan for the long term lease of hospital equipment

Megawide strengthens 200-MW power generation portfolio

Sep 29, 2014 - 11:53 AM

For its first project the company will break ground this year a 3 5 megawatt biomass project in Northern Luzon

Cebu Pacific to expand hub in Visayas

Sep 25, 2014 - 1:44 PM

For the first half of 2014 the budget carrier flew 1 9 million passengers from Cebu making it a very important hub for the budget carrier

ITS-Southwest pre-bid requirements deadline moved to Sept 29

Sep 12, 2014 - 5:20 PM

Changes in the concession terms of the ITS Southwest Terminal project have prompted the government to move the deadline

INTEGRATED. The country's biggest conglomerates are likely to participate in a project integrating Metro Manila transportation. Photo by Rolex Dela Pena/EPA

Gov’t resets P2.5-B coastal bus terminal bidding

Sep 04, 2014 - 11:27 AM

It is better to extend the deadline to avoid costly bidding failures according to the Public Private Partnership Center

INTEGRATED. The country's biggest conglomerates are likely to participate in a project integrating Metro Manila transportation. File photo by Rolex Dela Pena / EPA