Megawide shifts P1.23B in bond proceeds to 4PH housing

Inquirer.net - Oct 9, 2026

MANILA, Philippines — Saavedra-led Megawide Construction Corp. is redirecting P1.23 billion in unused bond proceeds from transport-centric developments to housing projects under the government’s Pambansang Pabahay para sa Pilipino (4PH) program. Its board approved the reallocation on Friday, Oct. 9, according to a stock exchange disclosure. READ: Megawide bags P13B in new gov’t housing contracts The

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Flores confirms prosec manifested dropping bribery article vs VP Duterte

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Strong El Niño may drive up food, power costs in 2027

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MANILA, Philippines — With inflation already accelerating this year, an economist warned that the looming strong El Niño could worsen it further by shrinking agricultural production and driving up electricity costs. Sonny Africa, executive director of think tank Ibon Foundation, said the extreme weather phenomenon could not come at a worse time, as the country

Defense says Sara consented to public viewing of confidential BIR letter

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MANILA, Philippines – Defense counsel Kristine Ferrer says Vice President Sara Duterte had consented to the public viewing of a letter of authority (LOA) issued by the Bureau of Internal Revenue (BIR) to Duterte and her husband, Manases Carpio, despite the document’s confidential contents./ dp READ: Defense flashes confidential BIR tax audit letters for Duterte,

Megawide shifts P1.23B in bond proceeds to 4PH housing

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