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The prefabricated metal building is located at Long Island MacArthur Airport

BusinessWorld May 25, 2021 | 12:05 am BW FILE PHOTO MEGAWIDE Construction Corp.’s net income attributable to the equity holders of the parent dropped 98.6% in the first three months of the year, but the company said the results signaled its return to a “healthier performance.” The company’s first-quarter attributable net income stood at P2.85 million, down from P200.94 million in the same period in 2020, according to Megawide’s quarterly earnings report. Total revenues fell 22.8% to P3.83 billion from P4.96 billion previously. “While the results still lagged from t...

The General Electric Co. is betting that two legal challenges will fail to stop the agreement it reached in early 2020 with the Environmental Protection Agency to bury sediments tainted with PCBs on a site in Lee. Last month, the company spent $6.2 million to buy 75 acres from Lane Construction Corp. The land included in the sale is located in the center-right area in this photo, which is looking north, with October Mountain to the right. EAGLE FILE PHOTO LEE — The General Electric Co. now owns the place in Lee where it expects to bury a million cubic ...

Megawide, JV partners sign P2.9-B Malolos-Clark railway deal May 5, 2021 | 12:05 am BW FILE PHOTO MEGAWIDE Construction Corp. announced on Tuesday that it recently signed a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply ready-mix concrete for the package 1 of the Philippine National Railways (PNR) Clark Phase 2 (Malolos-Clark) railway project. The company said it signed the agreement with its joint venture (JV) partners on April 21. “The P2.9-billion contract provides for the installation and operation of conc...

Cebu Port Authority / MANILA BULLETIN The Department of Transportation (DOTr) and Cebu Port Authority (CPA) conducted the rebidding after the first two biddings went unsuccessful. At least three construction firms and a joint venture participated in the rebidding for the port project. The port will rise on a 40-hectare area in Barangay Poblacion, San Fernando, Cebu. According to CPA, bidders were F. Gurrea Construction Inc., Hi-tone Construction and Development Corp., Premium Megastructures Inc., and RCDG Construction Corp./BSP & Company Inc./Grat Swiss Metal Builders Corp. Joint Venture. “...