Megawide Raises P3 Billion Through Oversubscribed Series 7 Preferred Shares Offering

Megawide Construction Corp. has secured P3 billion through its Series 7 preferred shares follow-on offering, which was oversubscribed by 2.3 times, signaling robust investor confidence in the company\'s growth prospects. Megawide President and CEO Edgar B. Saavedra emphasized that this strong reception empowers the firm to undertake impactful, high-quality projects that contribute positively to communities and the Philippine economy. The public offering ran from October 30 to November 10, with bids totaling P1.16 billion for Series 7A and P1.84 billion for Series 7B. These two tranches commanded final dividend rates of 7.3131% and 7.7007%, respectively. RCBC Capital Corp., SB Capital Investment Corp., and PNB Capital and Investment Corp. acted as joint issue managers, lead underwriters, and bookrunners for the transaction. Proceeds from the offering will primarily be used to refinance maturing Series 2B preferred shares. Additionally, the excess funds raised will support other corporate needs and growth initiatives, including Megawide\'s participation in the government\'s Pambansang Pabahay Para sa Pilipino (4PH) program. The company highlighted its precast construction technology and expertise as vital assets to meet the growing demand for socialized housing. "Megawide is entering an exciting new chapter as we are building a more resilient, stable, and sustainable value story for our shareholders," Saavedra stated. He noted that the company\'s order book is nearing P50 billion, and its financial position continues to strengthen, citing improvements in its consolidated debt-to-equity ratio to 1.86x and 1.42x at the parent level after recent deleveraging efforts. The company has actively reduced short-term debt by approximately P10 billion, which has improved its leverage, liquidity, and profitability metrics. Commenting on the offering, Toby Allan C. Arce, head of sales trading at Globalinks Securities and Stocks, Inc., noted that Megawide\'s follow-on share issuance reflects solid market confidence in the company\'s strategic direction. He added, "The offering supports Megawide\'s transformation into a more resilient, growth-oriented infrastructure player by retiring legacy debt, investing in scalable projects, and establishing a balanced financing structure that manages risk and return." Megawide has been a significant partner to the government in infrastructure development, contributing to projects such as public school classrooms, Mactan-Cebu International Airport, Parañaque Integrated Terminal Exchange, and Clark International Airport. The company is also involved in ongoing infrastructure packages including the Malolos-Clark Railway and Metro Manila Subway. The company is on track to surpass last year\'s performance, with 2025\'s nine-month net income already reaching 92% of the full-year 2024 figure. The company\'s shares closed at P2.87, up by 11 centavos or 3.99% on the local stock exchange.

Ombudsman Targets Lawmakers Alleged to Operate as "Shadow Contractors" in Flood Control Projects

The government’s multibillion-peso flood control initiative has come under renewed scrutiny amid allegations that several lawmakers, including former Pampanga representative Aurelio “Dong” Gonzales Jr., are covertly managing construction companies that secure lucrative public works contracts. Ombudsman Jesus Crispin Remulla confirmed Gonzales’ involvement as part of a growing investigation into this controversial practice often referred to as “shadow contracting.” Remulla emphasized that this long-standing issue, where legislators quietly function as their own contractors, will no longer be tolerated. He highlighted that such conduct infringes upon conflict-of-interest statutes upheld by various anti-corruption laws, marking the end of what he described as an era of impunity in government project allocations. The inquiry has expanded to include nine additional elected officials suspected of similar dual roles. According to Remulla, the complexity of the probe stems from the deliberate concealment of ownership or operational ties between these politicians and their construction enterprises. While some have attempted to disguise their involvement meticulously, others have grown less cautious, making them immediate subjects of investigation. Gonzales responded by asserting that the claims against him are not new, noting that prior allegations were dismissed by the Ombudsman’s office two years ago for lack of evidence. He expressed openness to scrutiny but denied any ongoing formal probe or violations related to prohibited interests. This renewed focus on Gonzales and others coincides with the broader flood control controversy shaking political circles, characterized by high-profile asset seizures, subpoena issuances, and impending legal actions tied to questionable infrastructure dealings. Remulla’s statements signify a more aggressive approach from the Ombudsman aimed at disrupting the entrenched nexus between political influence and private gain in the public works sector. While the investigation’s final outcomes remain uncertain, the intensified oversight highlights the government’s commitment to exposing and addressing entrenched corruption risks that have long shadowed infrastructure procurement processes.

ABS-CBN Series Highlights Growing Threat of Online Scams Amid Season 2 Finale

The popular ABS-CBN crime action-drama "Sins of the Father," which concludes its second season tonight, has spotlighted the pervasive issue of online scams through its storytelling and the personal experiences of its cast. During a recent press conference, actors and creators shared how these fraudulent activities affect not only the public but also their own circles. RK Bagatsing revealed that he once invested in a fraudulent scheme, which eventually collapsed. He explained, "The investment company eventually closed, but I later heard that some people used my name and check to recruit others. Thankfully, it didn't cause me any major issues, but I did report it to the authorities." Shaina Magdayao, while fortunate not to have been directly scammed, recounted a friend losing money after clicking a suspicious link said to be from a bank. She expressed gratitude for the show’s role in highlighting such dangers, saying, "Even if you haven’t been scammed yourself, chances are you know someone affected by similar frauds. This series is crucial in educating viewers." Seth Fedelin recounted falling victim to a card skimming incident: "My mother used my card at a gas station, and days later, I noticed unrecognized charges linked to a plane ticket. Thankfully, the bank trusted my report and helped resolve it." Francine Diaz shared stories of acquaintances who lost money in fraudulent investment schemes, some even resorting to borrowing or pawning valuables to invest. JC de Vera, a frequent credit card user, disclosed losing a six-digit sum after his card was fraudulently used overseas. He explained, "I received alerts about attempted withdrawals from Mexico and Cuba. I called the bank immediately, but the initial charges couldn’t be disputed because I didn’t respond to the bank’s text prompts in time." Highlighting the growing threat of artificial intelligence in scams, Jessy Mendiola recounted how an AI-generated deepfake video of her was used without consent to promote an online gambling site. She warned, "AI deepfakes are terrifying. They can manipulate our likeness to say things we never said. It’s misleading and harmful, especially for celebrities trying to do honest work." Lead actor and one of the directors, Gerald Anderson, shared similar concerns about credit card fraud and impersonation scams targeting fans. "Someone even pretended to be my parents to ask my fans for money," he disclosed. "Smaller victims losing a few thousand pesos are just as affected. The most prevalent scam now is the "love scam," where victims are deceived by fake online relationships built using AI-generated images." Anderson emphasized personal responsibility alongside public awareness, stating, "We must all be diligent, research thoroughly, and avoid rushing into decisions. This show aims to advance that message." Director FM Reyes added, "Our goal is to present various perspectives on corruption and scams—from victims to perpetrators—and to give a voice to those who often go unheard." "Sins of the Father" is produced by ABS-CBN’s JRB Creative Production, led by business unit head Julie Anne R. Benitez, executive producers Maya Aralar and Marissa Kalaw, creative head Dindo Perez, and head writer Cenon Palomares. The series finale will air tonight at 9:30 p.m. across multiple platforms including Kapamilya Channel, Kapamilya Online Live, A2Z, TV5, iWant, and TFC.

DOT Advances Airfare Transparency and Airport Upgrades to Boost Tourism

The Department of Tourism (DOT) is putting final touches on initiatives aimed at increasing airfare transparency and protecting consumers amid efforts to upgrade provincial airports and expand flight connectivity. During the budget plenary on November 21, 2025, Senator Loren Legarda emphasized that steep domestic airfare continues to discourage local travel. To address this, the DOT is collaborating with the Department of Transportation (DOTr), the Civil Aeronautics Board, the Department of Trade and Industry, and the Philippine Competition Commission in developing a code of conduct for online travel agencies. This code is intended to promote fair pricing and enhance airfare transparency. Legarda noted that this undertaking aligns with the Internet Transactions Act and complements ongoing investigations by the Philippine Competition Commission into potentially anti-competitive practices among airlines. Furthermore, the DOT and DOTr will initiate a public information campaign to provide travelers with clearer fare details and more affordable options. Senator Joseph Victor “JV" Ejercito revealed that a significant portion of reallocated flood control funds will be dedicated to upgrading airports in strategic tourism areas such as Siargao, Mati, Legazpi, and Bohol. These enhancements will focus on expanding capacity, improving runways, and increasing flight frequencies. "To ensure nothing goes to waste, construction projects like airport modernization are vital to sustaining economic growth," Ejercito stated. He added that these upgrades will open new travel gateways, stimulating tourism and development across regions. Legarda also highlighted recent gains from DOT-DOTr partnerships, citing new international routes launched under Tourism Secretary Christina Frasco. These include flights by Air Canada from Vancouver; Philippine Airlines from Da Nang and Sapporo; United Airlines from San Francisco; Jetstar from Perth; Air India from New Delhi; and VietJet from Ho Chi Minh City. Domestically, new routes such as Manila–Cauayan, Cebu–Catarman, and several daily flights from Clark to destinations like El Nido, Coron, Masbate, and Siargao have been introduced. Legarda emphasized that these expanded connections illustrate effective collaboration aimed at providing travelers with more choices, potentially reducing the impact of high domestic fares. Senator Erwin Tulfo, who voiced concern over the negative effects of elevated airfare on local tourism, expressed his support for the DOT’s budget following assurances that reforms are underway. The DOT’s proposed budget, along with those of its attached agencies, was subsequently submitted for plenary deliberation.

Sacramento Kings' Domantas Sabonis Sidelined with Partial Meniscus Tear

The Sacramento Kings face a significant setback as their starting center, Domantas Sabonis, has been diagnosed with a partial meniscus tear in his left knee following an MRI scan. This injury is expected to keep Sabonis out of action for an extended period, possibly sidelining him until the 2025-26 National Basketball Association (NBA) season. Sabonis, 29, will undergo a follow-up evaluation three to four weeks from now to reassess his recovery progress. Before the injury, the three-time All-Star last took the court on Monday, November 17, 2025 (Philippine time), where he posted 17 points and 13 rebounds despite the Kings' 110-123 loss to the San Antonio Spurs. Up until his injury, Sabonis was delivering strong performances, averaging 17.2 points, 12.3 rebounds, 3.7 assists, and 1.2 steals per game. Meanwhile, the Kings continue to struggle in the Western Conference, holding a disappointing 3-13 win-loss record. The team will likely face challenges ahead in Sabonis's absence as they seek to improve their standing in the league.

Four Danish Patients Receive Compensation Over Vision Loss Linked to Novo Nordisk Drugs

Danish authorities have compensated four patients who suffered vision loss after using Novo Nordisk's widely prescribed drugs Wegovy and Ozempic, the Danish Patient Compensation association announced on Friday. Both medications, which contain the active ingredient semaglutide, are commonly used to treat obesity and diabetes but have been rarely linked to a serious eye condition called non-arteritic anterior ischemic optic neuropathy (NAION). The European Medicines Agency's safety committee highlighted this rare side effect in June, warning that NAION can lead to permanent damage to vision. Following this, Novo Nordisk updated the warning labels of Wegovy and Ozempic to reflect the risk, estimated to affect approximately 1 in 10,000 patients. Out of 43 claims filed to the Danish Patient Compensation association regarding vision loss potentially connected to these drugs, five decisions have been finalized. Four claimants were awarded a total of 800,000 Danish crowns (about $123,253), while one claim was rejected. The association operates independently but awards compensation funded by the state. The decision-making process was described as "very complex," involving expert assessments from a specialist in optic nerve conditions. A spokesperson for Novo Nordisk stated, "Patient safety is our top priority. We continue to believe that the benefit-risk profile of semaglutide remains favorable."

Top 32 Golfers Gear Up for ICTSI Country Club Match Play Invitational

The prestigious ICTSI The Country Club Match Play Invitational is set to commence on Tuesday, November 25, at the challenging TCC course in Laguna. The tournament will feature the top 32 performers from the Philippine Golf Tour’s 10-leg season, transitioning from the traditional cumulative scoring to the intense, hole-by-hole format of match play. This P2-million season finale offers a dramatically different type of competition, where every hole is a fresh contest and previous achievements offer no assurance. Angelo Que, who clinched his first Order of Merit title this season, is poised to capitalize on his remarkable campaign despite a recent stomach ailment that forced his withdrawal from the Valley finale. Que’s dominant season included two victories at Pradera Verde and Eagle Ridge, as well as multiple top finishes, earning him P1,560,916. Now, he shifts focus to a format that tests strategic thinking, resilience, and composure rather than solely consistent scoring. Last year’s tournament highlighted the unpredictable nature of match play, with underdogs Arnold Villacencio and Albin Engino making surprising runs to the finals. Villacencio ultimately secured the title with an emphatic 4&3 victory, showcasing how match play can enable lower-ranked players to upset the favorites. Match play uniquely resets the competitive landscape each hole, limiting the damage from individual errors and encouraging aggressive play. This dynamic fosters rapid momentum swings and heightens psychological pressure, often enabling fearless challengers to unseat established stars. Despite the reputation for volatility, the selected field this year suggests form and ranking may play a larger role, though surprises remain a constant possibility. Villacencio returns as the No. 20 seed, whereas Engino missed the cut, leaving the competition open for emerging talents. Angelo Que starts his quest for the championship against Gerald Rosales, the 32nd seed and Que’s former national teammate. The No. 2 seed Keanu Jahns, who did not participate in the Valley leg, will face Taewon Ha, while No. 3 Fidel Concepcion prepares for a match against the seasoned and strategic Mars Pucay. Additional opening-round matches include Guido van der Valk versus Marvin Dumandan, Rupert Zaragosa versus Sean Ramos, Reymon Jaraula versus Nilo Salahog, Russell Bautista versus James Ryan Lam, and Jaehyun Jung versus Chonkoo Kang. Carl Corpus, fresh off his maiden PGT victory at the Valley, embarks on his first significant match play challenge against Tae Soo Kim. Former Philippine Open champion Clyde Mondilla, well-acquainted with the demanding TCC layout, faces Elee Bisera. The tournament field also features notable players such as Aidric Chan, Jeffren Lumbo, Tony Lascuña, Collin Wheeler, Mike Bibat, Atsushi Ueda, Dino Villanueva, Jhonnel Ababa, Ryan Monsalve, Zanieboy Gialon, and Gabriel Manotoc, ensuring a highly competitive and thrilling event.

Ayala Group Sets New Benchmark with Top WELL Building Certifications in the Philippines

The Ayala Group has distinguished itself in the realm of workplace wellness by securing two of the highest honors from the International WELL Building Institute (IWBI), establishing a new standard for health-centric office environments in the Philippines. Ayala Corporation’s main office at Ayala Triangle Gardens Tower Two in Makati City was awarded the WELL v2 Platinum Certification, the utmost accolade under IWBI’s rigorous global workplace wellness criteria. This achievement marks the first time a corporate headquarters in the Philippines, and one of the few in Southeast Asia, has attained this esteemed status. In parallel, Ayala Land’s ATG Tower Two was recognized with the WELL Gold Certification, its inaugural office development to earn the distinction. Hosting major Philippine companies, multinational enterprises, and foreign missions, the tower was praised for incorporating wellness principles thoroughly throughout its design and operational systems. The certifications were officially presented on November 12 at Ayala Corporation’s headquarters by IWBI Senior Vice President and Asia Pacific Head Jack Noonan. The awarding ceremony was attended by notable figures including Ayala Chairman Jaime Zobel de Ayala, President and CEO Cezar P. Consing, Corporate Resources Group Head and Chief Human Resources Officer Francisco Romero Milán, People Experience Head Sherry M. Gosiengfiao, Ayala Land Offices Vice President Carol T. Mills, and Business Development Head Gail Y. Samaniego. Highlighting the significance of these certifications, Consing remarked, \"This accomplishment reflects our unwavering dedication to crafting workspaces where individuals can excel. Exceptional workplace environments foster enhanced productivity, innovation, collaboration, and a strong sense of purpose.\" Mills emphasized that the recognition solidifies Ayala Land’s commitment to creating spaces that transcend basic functionality and design by integrating wellness to improve communities and modern urban lifestyles. She stated, \"Earning the WELL Gold Certification for ATG Tower Two reinforces our focus on prioritizing the health and well-being of those who live and work within our developments.\"

Prim Nolido Recognized Among 100 Most Influential Filipinos Worldwide for Real Estate Leadership

Prim Nolido, President and Chief Operating Officer of Pueblo de Oro Development Corporation, has been named one of the 100 Most Influential Filipinos in the World at the 15th annual The Outstanding Filipino Awards (TOFA) held in Las Vegas. This prestigious accolade highlights Nolido’s expanding impact on the Philippine real estate sector and his visionary leadership in sustainable township development. The TOFA organizers commended Nolido for his groundbreaking efforts in transforming Philippine communities through eco-conscious and future-oriented projects that emphasize wellness, climate resilience, and inclusive growth. Since assuming leadership in 2015, Nolido has steered Pueblo de Oro toward a strategic long-term vision grounded in meticulous planning, green innovation, and community-centric development—earning both industry recognition and international admiration. Pueblo de Oro has built a strong reputation for thoughtfully incorporating ample open spaces, natural environments, and designs that prioritize human-centric living. The corporation’s achievements include winning Masterplan Development of the Year – Philippines and Residential Development of the Year – Philippines at the 2025 Real Estate Asia Awards, as well as Best Green Development at the DOT Property Philippines Awards. In addition, Pueblo de Oro was honored as Developer of the Decade for Mindanao in 2023 by the Chamber of Real Estate & Builders’ Associations, Inc. (CREBA), underlining its significant influence on regional development. Nolido’s inclusion in the TOFA100 roster reinforces his role as a key figure shaping the future of urban living in the country. Reflecting on the award, he emphasized that Pueblo de Oro’s mission transcends mere construction, focusing instead on fostering vibrant communities where families can prosper. "Building homes is important, but creating lasting legacies through community is our true purpose," Nolido stated. Established in 2010, TOFA celebrates Filipinos whose achievements positively affect communities and elevate Filipino presence globally. This landmark ceremony awarded 100 new individuals during Filipino American History Month, featuring honorees like Pasay City Mayor Emi Calixto-Rubiano for civic innovation, Dr. Mary Joy Canon-Abaquin for progressive education leadership, and Sofronio Vasquez, winner of The Voice US, for amplifying Filipino talent internationally. TOFA’s illustrious list of past recipients includes notable personalities such as businesswoman and philanthropist Loida Nicolas Lewis, Ambassador Mario de Leon Jr., former White House physician Dr. Connie Mariano, Tony Award recipient Lea Salonga, and Olympic champions Hidilyn Diaz and Carlos Yulo. Nolido’s recognition places him alongside these distinguished leaders who continue to define Filipino excellence on the world stage.

Rob Deniel Revitalizes OPM Classics with ‘RD Covers’ EP Ahead of Major Concert

Rob Deniel, a prominent young singer-songwriter aged 22, has unveiled his latest project, the "RD Covers" EP, celebrating iconic Original Pilipino Music (OPM) classics. Known for his impressive catalog of original songs like "Puso," "Happy Ending," and "RomCom," Deniel reveals his deep-rooted admiration for Filipino musical heritage which inspired his own songwriting journey. Deniel credits veteran OPM icons such as Ogie Alcasid, Rey Valera, and Rico Blanco as significant influences during his formative years, often composing on his mobile device. His respect for these artists only grew stronger after meeting them personally in the music industry. The "RD Covers" EP features live renditions of timeless hits, including Alcasid’s seminal "Nandito Ako," "Ikaw Sana," "Bakit Ngayon Ka Lang," and Vehnee Saturno’s classic "Wala Na Bang Pag-ibig?," originally popularized by Jaya. Recorded with his band, the album has received positive reviews, highlighting Deniel’s versatility as both a songwriter and interpreter of OPM’s rich tradition. Deniel’s passionate performance of "Nandito Ako" at the Wish 107.5 Music Awards showcased his retro-pop style and was met with overwhelming fan enthusiasm, accumulating nearly 60 million views on YouTube. Looking ahead, fans can anticipate a live showcase at the upcoming "RAAA" concert scheduled for December 5 at the Smart Araneta Coliseum. The event’s name represents the collaboration between Rob Deniel, Arthur Nery (known for "Isa Lang"), Adie ("Mahika"), and Amiel Sol ("Sa Bawat Sandali"), all of whom are among today’s top Filipino singer-songwriters. Attendees will experience a mix of original hits and classic OPM numbers performed by these celebrated artists. In related music news, Spotify’s local daily charts reveal fascinating dynamics. Despite the release of Taylor Swift’s "Life of a Showgirl" album, the Filipino band Cup of Joe’s "Multo" remains at number one. Notably, "Tensionado," a nearly 20-year-old track by Soapdish, holds the third spot. Rob Deniel’s "Nandito Ako" also enjoys notable streaming success. The current Spotify Daily Chart features an eclectic mix of Filipino and international artists, demonstrating the vibrant diversity and enduring appeal of the local music scene alongside global hits.