Megawide Named Top Construction Firm In Phl

Engineering and construction innovator Megawide Construction Corp. has been voted the Most Outstanding Company in the Philippines for the Construction and Engineering Sector, in Asiamoney's latest poll, its third accolade from the prestigious publication.

Photo Insert: Megawide Chairman Edgar Saavedra. At the helm as Megawide works towards Engineering a First World Philippines.

In 2013 and 2014, it was named the Best Managed Company in the Philippines among Small Cap companies and the recent vote of confidence it got from the Asiamoney polls took cognizance of its innovative ways with over P100 billion pesos worth of infra projects to date.

Over 1,071 fund managers, analysts, bankers, and ratings agencies participated in the Asiamoney polls which ran from May 24 to July 16, 2021. The winners of each category are decided by the number of verified votes each company received, subject to a minimum.

The results recognize 191 companies as being the most outstanding for their sectors and in their market.

Asiamoney designed the poll to “acknowledge listed companies that have excelled in areas such as financial performance, management team excellence, investor relation activities, and corporate social responsibility (CSR) initiatives.”

“Being named as the Most Outstanding Company in the Philippines for the Construction and Engineering Sector for 2021 is a humbling achievement that encourages us to relentlessly pursue our vision of Engineering a First World Philippines,” Megawide Chairman Edgar Saavedra said.

According to Asiamoney Editor, Rashmi Kumar, Megawide was a clear frontrunner in the poll given its track record of being a resilient organization even during crises.

“It comes as little surprise that Megawide Construction was voted as the Philippines’ most outstanding company in the construction and engineering sector in Asiamoney’s 2021 poll after all the conglomerate has the reputation of being one of the most progressive infrastructure companies in the country with a portfolio spanning engineering, procurement, airport infrastructure,” Kumar said.

Saavedra established Megawide in 1997, a year after graduating from college. From a mid-sized construction company, Megawide has diversified its business to become a leading engineering and infrastructure innovator.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic