Infrastructure constructions and contractors in Philippines today? Megawide is a strong partner of the Philippine government through the Public-Private Partnership (PPP) program, with projects such as the Mactan-Cebu International Airport, the Parañaque integrated Terminal Exchange, and the PPP for School Infrastructure Project Phases 1 and 2. Read even more details at infrastructure in the Philippines. TEAMWORK: We are all on the same team, driven by the same purpose. We help fuel each other’s ideal, support each other’s efforts, and trust each other instead of competing against one another.
The Company likewise continued with its financial management initiatives, specifically aimed at balance sheet health and optimizing financing costs. As of end December 2021, the Parent Company improved its debt-to-equity ratio to 1.23x from 1.59x pre-pandemic in 2019 and remained well below the 2.33x covenant. The Company also completed the rebalancing of its P24.5 billion project financing at GMCAC in May 2021 and successfully issued P4.0 billion worth of Series 4 Preferred Shares to retire the original and more expensive Company Preferred Shares issued in 2014. “We also turned inward to strengthen our financial position, tapping the capital markets to take advantage of favorable interest rates, as part of our long-term financial management roadmap,” Saavedra said.
Megawide Construction Corporation (Megawide or the Company) emerged as the Grand Winner of the United Neon’s Most Innovative Company of the Year during the 12th Asia CEO Awards virtual ceremony held last October 12, 2021. Megawide was initially shortlisted in the Circle of Excellence among 30 entries and bested six other finalists belonging to the elite group. Megawide was also part the Circle of Excellence in the category Multisys Executive Leadership Team of the Year. Asia CEO Awards honors individuals and organizations which made positive contributions to the development of the country’s economic capabilities and international reputation across the globe.
Through the years, Megawide has consistently showed and proved that it has the financial capacity, as well as technical and management capability, to undertake major national infrastructure projects. We will use our experience building infrastructure projects like the passenger terminals in Mactan-Cebu and Clark, as well as operating MCIA, to deliver our promise of having a first class gateway that Manila deserves. Megawide has both in-house and external financing plans, the expertise, and the integrity to deliver on all phases of the NAIA transformation project, just like we did for MCIA. GMR, a world leading airport developer, is Megawide’s partner for Mactan-Cebu International Airport. We plan to replicate our success there in positively turning around NAIA.
City of Dreams is a luxurious getaway within Metro Manila. Located at the Entertainment City in Paranaque, the 6.2-hectare luxury resort is home to 938 rooms, 20 regional and international specialty restaurants, a retail boulevard, spas, gyms, and four entertainment venues namely: DreamPlay, CenterPlay, K-Golf and The Garage VR Zone & Food Park. It also hosts the famed “fortune egg,” a golden dome that glimmers with the rays of the sun, making it visible even from afar. See additional details at https://megawide.com.ph/.
