Monthly Archives: July 2018

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31 Jul 2018

8990 Holdings Q2 revenue up 142% on strong mass housing demand

2019-01-09T03:35:16+08:00July 31, 2018|Newsroom, Business World|

MASS HOUSING developer 8990 Holdings, Inc. said revenue rose 142% to P3.5 billion during the second quarter, amid pent-up demand for affordable housing. The listed firm, in a statement, did not report second quarter profit figures. However, it said its first half revenue of P6 billion grew 98% and exceeded the company’s internal target. “There is pent-up demand. This must ..

31 Jul 2018

8990 Holdings profit doubles to P2.4-B

2019-01-09T03:46:42+08:00July 31, 2018|Newsroom, Philippine Canadian Inquirer|

MANILA — Housing developer 8990 Holdings Inc. on Monday said its net income doubled to PHP2.4 billion in the first half of the year on the back of robust demand for affordable homes. 8990 Holdings President and Chief Executive Officer Willie Uy is confident of hitting revenue goal of PHP11.5 billion this year after housing revenues surged by whopping 98 ..

31 Jul 2018

8990 to offer P3B in retail bonds

2019-01-09T03:32:34+08:00July 31, 2018|Newsroom, Philippine Daily Inquirer|

Mass housing developer 8990 Holdings plans to roll out this third quarter a pioneering P3- billion retail bond offering backed by housing receivables. Separately, 8990 Holding plans to unload via bilateral transactions some P10 billion in housing receivables under its contract to sell (CTS) portfolio this year, P2.5 billion of which had been done earlier in the year. “We’d like ..

30 Jul 2018

8990 Holdings profit doubles to P2.4-B

2019-01-09T03:38:57+08:00July 30, 2018|Newsroom, Philippine News Agency|

MANILA -- Housing developer 8990 Holdings Inc. on Monday said its net income doubled to PHP2.4 billion in the first half of the year on the back of robust demand for affordable homes. 8990 Holdings President and Chief Executive Officer Willie Uy is confident of hitting revenue goal of PHP11.5 billion this year after housing revenues surged by whopping 98 ..

02 Jul 2018

Megawide eyes new contracts worth P24-B this year

2019-01-09T05:27:18+08:00July 2, 2018|Newsroom, Philippine News Agency|

MANILA -- Diversified engineering and infrastructure conglomerate Megawide Construction Corp. targets to secure PHP24 billion worth of new contracts this year, optimistic about its continued business expansion, driven by the country’s economic growth and infrastructure development push. Megawide President Edgar Saavedra told reporters on Monday the engineering procurement construction (EPC) contract for the Clark International Airport for PHP4.9 billion already ..

02 Jul 2018

Megawide eyes new contracts worth P24-B this year

2019-01-09T03:56:44+08:00July 2, 2018|Newsroom, Philippine News Agency|

MANILA -- Diversified engineering and infrastructure conglomerate Megawide Construction Corp. targets to secure PHP24 billion worth of new contracts this year, optimistic about its continued business expansion, driven by the country’s economic growth and infrastructure development push. Megawide President Edgar Saavedra told reporters on Monday the engineering procurement construction (EPC) contract for the Clark International Airport for PHP4.9 billion already ..

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