Megawide unit secures loan from BPI for Bulacan asset

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The story "Megawide unit secures loan from BPI for Bulacan asset" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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Megawide unit secures loan from BPI for Bulacan asset - Business Mirror

Quick Summary:

PH1 World Developers Inc.(PHI1WD), the property development arm of listed Megawide Construction Corp., on Tuesday said it signed a P500-million loan agreement with Ayala-led Bank of the Philippine Islands (BPI) for the development of its property in San Jose Del Monte, Bulacan.

Saavedra, Megawide chairman, said the company expects its performance to improve in the succeeding quarters.

Megawide reported that it recorded an income of P188.37 billion in January to March, a reversal of the previous year’s loss of P7.12 billion.Edgar B.