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
24 Beds
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
Environmental Strides
Social Strides
“First-World Work from Home” policies and manuals that primarily informed employees of occupational safety measures to be practiced at home or in the workplace.
» The Megawide Foundation’s flagship initiative, the Megawide Engineering Excellence Scholarship (MEES) program, continued to subsidize education for engineering and architecture students. In 2020, the Foundation witnessed another year of the program’s success with the graduation of 18 MEES scholars.
Governance Strides
» Golden Arrow Awardee and Most Improved PLC in Terms of Corporate Governance