Real estate firm PH1 World Developers Inc., a unit of Megawide Construction Corp., may be ready to go public by 2026, the company’s chairman said. Edgar B. Saavedra, the company’s chairman, president and CEO, said by next year or by 2026, PH1 will be a much bigger company than its…
Shareholders of Megawide Construction Corp. on Wednesday approved the acquisition of its affiliate PH1 World Developers Inc. from its parent firm Citicore Holdings Investments Inc. Megawide will acquire PH1 World Developers for P5.2 billion. Megawide Chairman Edgar Saavedra said the acquisition of PH1 World Developers will position the company in…
Megawide Construction Corp. said it is acquiring PH1 World Developers Inc. from Citicore Holdings Investments Inc. for P5.2 billion. The company said it has acquired all of PH1 from Citicore Holdings Investments Inc., an affiliate of Megawide. The deal will be up for approval during the company’s annual stockholders’ meeting…
ILLEGAL DRUGS. Personnel of the Philippine Drug Enforcement Agency - Bangsamoro Autonomous Region in Muslim Mindanao (PDEA-BARMM) account the PHP400,000 worth of suspected shabu following a buy-bust operation in Cotabato City on Thursday (Feb. 23, 2023). Among the three arrested suspects is an active police officer of the Police Regional Office-BARMM. (Photo courtesy of PDEA-BARMM) COTABATO CITY - A police officer and two others were arrested during an anti-drug operation here Thursday evening. Agent Jocelyn Mary, spokesperson of the Philippine Drug Enforcement Agency in the Bangsamoro Autonomous Region in Muslim Mindanao (PDEA-BARMM), said Pat. Jassim Aking and his two colleagues were nabbed in a buy-bust operation along San Isidro Street, Barangay Rosary Heights 10. An undercover agent managed to buy PHP340,000 worth of suspected shabu from the suspects inside a suspected drug den, Mary said. She identified the two other arrested suspects as Sindatu Macmud and Fatima Usman. "We