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Megawide nets P1.4 B in 2013


Construction and engineering firm Megawide Corp. increased its net profit last year by 38 percent to P1.4 billion which the company attributed to higher contract revenues and operating efficiency.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

DMCI Holdings sets sights on Timor-Leste


Consunji family-led DMCI Holdings Inc. is interested to invest in Timor-Leste’s construction sector, according to the Department of Trade and Industry (DTI).

Posted: April 14th, 2014 in Headlines | Read More »

Gondola lifts find a niche in the high-rise market

HENRI Muzzarelli with Vonotec president and co-founder Rebecca Garcia. Photo by Nelson Matawaran

Three years ago, the news of ten construction workers who plummeted to their deaths in a high-rise construction, shook the real estate industry. While installing glass, the workers fell from the 32th floor to the seventh floor of a high-end, 39-story residential development in Makati. They were descending on a manual gondola lift when the cable snapped. According to some reports, the accident was caused by overloading. The capacity of the gondola was limited to six persons, but 11 workers rode on them. One survived the accident, but was severely injured.

Posted: March 23rd, 2014 in Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

BIR to audit real estate, construction companies


The Bureau of Internal Revenue has been tasked to conduct an audit of real estate and construction companies as weak tax collection from this sector elicited suspicions of rampant tax evasion.

Posted: February 27th, 2014 in Latest Business Stories | Read More »

Hanjin’s Subic unit gets $100-M loan from RCBC

Yuchengco-led Rizal Commercial Banking Corp. has provided a $100-million three-year loan to the local unit of South Korean shipbuilder Hanjin Heavy Industries Corp. (HHIC).

Posted: February 24th, 2014 in Headlines | Read More »

Holcim’s net profit up by 26% to due to construction boom

holcim logo

The country’s leading cement maker Holcim Philippines grew its net profit last year by 26 percent to P4.55 billion as revenues hit record-high levels on the back of a fast-growing economy.

Posted: February 20th, 2014 in Latest Business Stories | Read More »

Biz Buzz


It’s no secret that one reason for the long delay in the implementation of the elevated connector road tollway project was that at least one influential Cabinet official wanted Philippine National Construction Corp. president Luis Sison replaced.

Posted: February 2nd, 2014 in Headlines | Read More »

Slower economic growth for PH seen

After beating expectations last year with a growth rate of 7.2 percent, the Philippine economy is seen to grow at a slower pace this year but infrastructure projects under the public-private partnership (PPP) framework are seen perking up growth back to more than 7 percent in 2015.

Posted: February 2nd, 2014 in Headlines | Read More »

Construction projects in PH on the rise


The value of construction projects with approved building permits rose in the second quarter from a year ago on the back of substantial demand for residential and office spaces.

Posted: August 30th, 2013 in Editor's Pick,Headlines | Read More »

Global amasses P22.6B in property inventory


Tourism estate developer Global-Estate Resorts Inc. (Geri) has built up P22.6 billion worth of property inventory in three major projects in Boracay, Tagaytay and Iloilo from which it expects to unlock values to fuel growth in the years ahead.

Posted: July 30th, 2013 in Headlines | Read More »

Higher growth of 7.2% seen for PH this year


The Philippine economy can grow at a faster pace of 7.2 percent this year given the favorable momentum aided by election-related spending early in the year and an ongoing private construction boom, New York-based think tank Global Source said.

Posted: June 16th, 2013 in Headlines | Read More »

Gokongwei, Okada groups fail to clinch deal on Manila Bay Resorts project

Kazuo Okada (left) AP file photo and John Gokongwei (photo by Nelson Matawaran): Scrapped casino talks

The groups of tycoon John Gokongwei and Japanese pachinko mogul Kazuo Okada have aborted discussions on a partnership for the latter’s Manila Bay Resorts, an integrated entertainment and resort project in Manila’s future gaming hub Entertainment City.

Posted: May 30th, 2013 in Editor's Pick,Featured Gallery,Headlines | Read More »



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  • Megawide nets P1.4 B in 2013
  • Longer TRO sought on rate hike
  • Make a stylish statement with the all-new Yaris
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  • Technology

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