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Megaworld to build P1.5-B convention center in Cebu - BusinessWorld Online

Megaworld to build P1.5-B convention center in Cebu - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Global-Estate Resorts readies launches, expansion - BusinessWorld Online

Global-Estate Resorts readies launches, expansion - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Megaworld to build its seventh tower in Uptown Bonifacio

Megaworld to build its seventh tower in Uptown Bonifacio
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Megaworld allots P36 billion for 'targeted capex program'


BusinessWorld
May 7, 2021 | 12:11 am
CAPITAL Town is Megaworld’s township in the city of San Fernando in Pampanga. — COMPANY HANDOUT
ANDREW L. Tan’s Megaworld Corp. increased its spending budget this year by 29% to P36 billion from P27.9 billion in actual capital expenditures (capex) in 2020 as it “realigns” project plans with pandemic restrictions to cater to the demand in the residential properties segment.
“This is a very targeted [capex] program aimed at optimizing the use of our available cash during this time,” Kevin L. Tan, chief strategy officer at Megaworld, said in a statement on Thursday.
The majority or around 76% of the budget will be used for real estate developments, “particularly on the construction of new residential properties.” ....

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Megaworld income drops 45% despite stable office leasing segment

Megaworld income drops 45% despite stable office leasing segment
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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