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Megawide loses Cebu arbitration
Manila Bulletin
|January 28, 2026
Megawide Construction Corp. has been ordered to pay ₱368.92 million to settle a long-standing construction dispute involving a flagship mixed-use development in Cebu, though the award represents only a fraction of the original claim.
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In a disclosure to the Philippine Stock Exchange, Megawide said the Construction Industry Arbitration Commission (CIAC) issued the final ruling in favor of HTLand Inc., a joint venture between regional powerhouse Hongkong Land and Taft Properties Inc.
Megawide disclosed the receipt of the award notice on January 22, 2026.
Bu hikaye Manila Bulletin dergisinin January 28, 2026 baskısından alınmıştır.
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