Assisting the fight against COVID through First-World EQFs

As COVID-19 wards in hospitals around Metro Manila reached full capacity at the height of the pandemic, Megawide’s Engineering, Procurement, and Construction (EPC) division together with the Formworks unit led the voluntary construction of emergency quarantine facilities (EQFs).

Quarantine Facilities Built

National Kidney and Transplant Institute (NKTI)
15 Beds
Fe Del Mundo Medical Center (FDMMC)
15 Beds
Dr. Jose N. Rodriguez Memorial Hospital (DJNRMH)
15 Beds
Cardinal Santos Medical Center
15 Beds
Ospital ng Muntinlupa
15 Beds
Barangay Valencia

24 Beds

BU Taytay Quarantine Facility

40 Beds

Safety matters, even beyond the pandemic

We stayed on top of safety, registering a record of 5 million and 10 million safe man-hours this year for our main Precast Plant and Taytay 2 expansion plants, respectively.

Right-sizing for business continuity

To manage the economic repercussions of a prolonged pandemic, the Company initiated a Group-wide right-sizing exercise that aimed to optimize resources and ensure the operational viability of the business. This included the redeployment of available manpower to live construction projects to accelerate development and maximize man-hours.

In response to the crisis, the Company activated its Business Continuity Plan through close collaboration with senior management, the Human Resources Department (HRD), and the Legal Team.

Under support mechanisms, affected employees were given one month salary (net of tax) per year of service and allowed full use of their HMO benefits until the end of 2020. In addition, coping measures covered three levels of assistance: career transitioning sessions, work placement assistance, and a TESDA livelihood program.

Assisting the fight against COVID through First-World EQFs

We stayed on top of safety, registering a record of 5 million and 10 million safe man-hours this year for our main Precast Plant and Taytay 2 expansion plants, respectively.

RIght-sizing for business continuity

To manage the economic repercussions of a prolonged pandemic, the Company initiated a Group-wide right-sizing exercise that aimed to optimize resources and ensure the operational viability of the business. This included the redeployment of available manpower to live construction projects to accelerate development and maximize man-hours.

In response to the crisis, the Company activated its Business Continuity Plan through close collaboration with senior management, the Human Resources Department (HRD), and the Legal Team.

Under support mechanisms, affected employees were given one month salary (net of tax) per year of service and allowed full use of their HMO benefits until the end of 2020. In addition, coping measures covered three levels of assistance: career transitioning sessions, work placement assistance, and a TESDA livelihood program.

3rd Best Managed Company

Finance Asia Best Managed Companies Poll 2020

Best Small Cap-Equity Deal of the Year

Awarded during the 14th Annual Alpha Southeast Asia
Best Deal and Solutions Awards 2020

Best Investor Relations – Real Estate

International Finance Real Estate Awards 2019

Property Guru 2020 Philippine Real Estate
Personality of the Year Award

Edgar Saavedra
Chairman and CEO

3rd Best Managed Company

Finance Asia Best Managed Companies Poll 2020

Best Small Cap-Equity Deal of the Year

Awarded during the 14th Annual Alpha Southeast Asia Best Deal and Solutions Awards 2020

Best Investor Relations – Real Estate

International Finance Real Estate Awards 2019

Property Guru 2020 Philippine Real Estate
Personality of the Year Award

Edgar Saavedra
Chairman and CEO

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