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Megaworld net income falls, sees ‘lot of optimism’ ahead

MEGAWORLD CORP. posted a net income of P2.2 billion in the third quarter, plummeting 54% from the P4.8-billion net income it reported last year, although it saw signs of an improving rental business on a quarterly basis.

Megaworld targets more office spaces despite pandemic

MEGAWORLD CORP. is targeting to launch 110,000 square meters (sq.m.) of leasable office space this year to strengthen its revenue streams while the coronavirus pandemic is ongoing.

One Manhattan offers ‘first-in-Bacolod’ amenities

MEGAWORLD CORP. is offering several “first-in-Bacolod” amenities at its new residential condominium project within The Upper East township.

Megaworld says 56% profit drop still ‘manageable’

MEGAWORLD CORP. saw its second-quarter net income dive by 56% to P2.1 billion as the coronavirus pandemic-induced lockdown affected its businesses.

Megaworld invests $5 million in tech startup

MEGAWORLD CORP. is investing $5 million (about P250 million) in its own start-up brand that will build the country’s first homegrown lifestyle delivery mobile application.

Megaworld closes $350-M offering

MEGAWORLD CORP. has completed the sale of $350-million senior unsecured notes, marking its first senior straight bond issuance in seven years.

Megaworld raises P3 billion from continued lot sale

MEGAWORLD CORP. has generated P3 billion from having completely sold out a residential village in Cavite while under quarantine.

Megaworld to launch residential condo tower in Bacolod township

MEGAWORLD CORP. is building a new condominium tower in Bacolod City that could raise P1.6 billion in sales for the company.

Megaworld mandates banks to arrange dollar bond sale

MEGAWORLD CORP. has started planning for a dollar-denominated bond offering through the appointment of banks to arrange investor calls.

Megaworld says first-half reservations hit P38B

LISTED property developer Megaworld Corp. said it still registered billions from reservations during the first half of 2020 despite the ongoing pandemic-induced lockdowns across the country.

Megaworld targets sales of P1.5 billion from condo tower in Iloilo...

MEGAWORLD CORP. has recently launched a new condominium tower project in its 72-hectare township in Iloilo City.

Tranquil residential haven in Antipolo

MEGAWORLD Corp. subsidiary Global-Estate Resorts, Inc. (GERI) is developing the 640-hectare integrated lifestyle community Eastland Heights in Antipolo City.

Megaworld trims capital spending to P36 billion, reports 9% drop in...

MEGAWORLD Corp. is cutting its capital expenditures (capex) this year to P36 billion as it reported a 9% profit decline due to the coronavirus disease 2019 (COVID-19) pandemic.

Megaworld lifestyle malls to adopt e-commerce

LISTED PROPERTY company Megaworld Corp. said its lifestyle malls are to adopt e-commerce to help them stay afloat after the coronavirus disease 2019 (COVID-19) pandemic prompted a suspension of non-essential businesses.

Megaworld profits up 18% to nearly P18B

PROPERTY developer Megaworld Corp. (Megaworld) reported an 18% increase in its earnings last year, lifted by a double-digit growth across its core business segments.

Megaworld gives P60 million for virus fight

MEGAWORLD Corp. is ramping up its support to the fight against coronavirus disease 2019 (COVID-19) through a P60-million donation to the Philippine Red Cross.

Megaworld expands in Cebu with launch of residential condo

MEGAWORLD CORP. is expanding its footprint in Cebu with the launching of a new residential development in its 30-hectare The Mactan Newtown in Lapu-Lapu City.

Megaworld unit expects P1.4-B sales from Tanza project

MEGAWORLD CORP. subsidiary Global-Estate Resorts, Inc. (GERI) recently launched a 17-hectare residential project in its Arden Botanical Estate in Tanza, Cavite, where it expects to raise P1.4 billion in sales from the project’s first phase.

Makati subway to link up with Megaworld’s Skytrain

THE proposed Makati City subway will soon be connected to the planned monorail being built from the Guadalupe Metro Rail Transit (MRT Line 3) station to Megaworld Corp.’s township in Taguig City.

Megaworld targets P2.5B in sales from upscale village in Cavite

MEGAWORLD Corp. is targeting to generate P2.5 billion in sales from its first upscale residential village in Cavite.

Megaworld to build P1.8-B mall in Pampanga

MEGAWORLD Corp. is spending P1.8 billion to construct a new mall inside its Pampanga township Capital Town.

Megaworld to spend P1.2B for Bacolod office towers

MEGAWORLD CORP. is spending P1.2 billion to develop two office towers in its Bacolod township as it continues to expand its leasable portfolio.

Megaworld to spend P1.5B for Lapu-Lapu City mall

MEGAWORLD CORP. is pouring P1.5 billion for the development of a new mall inside its Mactan Newtown estate in Lapu-Lapu City, Cebu.

Megaworld keeps top credit rating for fixed-rate bonds

PHILIPPINE Rating Services Corp. (PhilRatings) retained the highest rating for Megaworld Corp.’s P12-billion fixed-rate bonds issued in 2017.

City council asserts legality of transport hub inside Megaworld Iloilo Business...

THE ILOILO City council has declared the transport hub inside Megaworld Corp.’s Iloilo Business Park legal based on local regulation and as confirmed by the legal office.

Megaworld eyes P12 billion in sales from Pasig residential condominium

MEGAWORLD Corp. is aiming to generate P12 billion in sales from three residential towers in its Arcovia City township in Pasig City.

Megaworld plans to issue P10 billion worth of shares to existing...

MEGAWORLD Corp. will be issuing P10.376 billion worth of shares to existing investors, it told the stock exchange Tuesday.

Megaworld Q2 profit up on strong revenues

MEGAWORLD Corp.’s attributable profit jumped 15% to P4.5 billion in the April to June period of 2019, driven by the growth of its residential, commercial, and hotel businesses.

Megaworld ramps up provincial mall expansion

MEGAWORLD Corp. is spending P10 billion to develop eight new malls in the provinces until 2022, as it looks to hit one million square meters (sq.m.) in retail spaces by then.

Megaworld eyes P2-B sales from new office tower

ILOILO CITY — Megaworld Corp. expects to generate P2 billion in sales from its newly launched office tower in Iloilo Business Park (IBP).

Megaworld allots P350M for Iloilo transport hubs

MEGAWORLD Corp. is investing P350 million for transport hubs at the Iloilo Business Park, which is set to open this year.

Bullish Megaworld sets P300-B five-year capex

MEGAWORLD Corp. is bullish on the growth of the Philippine economy as it commits to spend P300 billion over the next five years to expand its residential, office, retail, and hotel projects.

Megaworld to launch six more townships by 2020

MEGAWORLD Corp. is set to launch six more townships covering about 2,000 hectares of land by next year, as it expands its footprint to areas outside Metro Manila.

New museum focuses on the history of Binondo

MANY OF the first pharmacies, theaters, and department stores in the City of Manila were found in the district of Binondo. Founded in 1594, the city had a pivotal role in international trade and the place of the world’s first Chinatown in this role is the focus of a new museum.

Megaworld to build P1.2-B mall in Bacolod

MEGAWORLD Corp. is investing P1.2 billion to develop a three-storey mall inside its 34-hectare Upper East township in Bacolod City.

Megaworld launches 2nd tower in Pampanga township

MEGAWORLD Corp. continues to expand its 35.6-hectare township in San Fernando, Pampanga with the launch of a new residential project expected to generate P850 million in sales.

Megaworld profit up 16%

MEGAWORLD Corp. grew its attributable profit by 16% in the first quarter of 2019, driven by the strong performance of its residential, leasing, and hotel businesses.

Hotel opens in Manila’s Chinatown

MEGAWORLD Corp. launched its eighth hotel property, Hotel Lucky Chinatown, located in Binondo, Manila.

Megaworld increases capex for Maple Grove township in Cavite

TYCOON Andrew L. Tan’s Megaworld Corp. is hiking the capital spending for its 140-hectare Cavite township to P15 billion, as the company pursues more vertical projects to take advantage of strong demand in the area.

Megaworld and BCDA to jointly manage Bonifacio Capital District

MEGAWORLD CORP. has partnered with the Bases Conversion and Development Authority (BCDA) for the property management of the 160-hectare Bonifacio Capital District (BCD) in Taguig City.

Megaworld gets Iloilo City council nod on transport hub proposal

THE ILOILO City council has approved Megaworld Corp.’s proposal to build and operate a transport hub within its 72-hectare Iloilo Business Park in the Mandurriao district.

Megaworld to spend P20B for township

MEGAWORLD CORP. will be spending P20 billion over the next 10 years to develop its newest township in Cainta, Rizal, as the property giant targets to have a total of 30 townships under its portfolio in the next two years.

Megaworld eyes P18-billion sales from two condos

MEGAWORLD CORP. expects two new residential condominiums within its Parañaque City township to generate P18 billion in sales.

Megaworld wants to expand WeWork facilities to its townships

MEGAWORLD Corp. plans to bring New York-based workspace operator WeWork into its townships in the country, where it could cater to the needs of start-ups, micro, small, and medium enterprises, as well as freelancers.

Megaworld expects P1.5 billion in sales from Bacolod tower

MEGAWORLD Corp. targets to book P1.5 billion from the sale of units in its second residential tower within The Upper East township in Bacolod.