Megawide completes P1.17B housing projects in Bulacan, Cavite
Megawide Construction Corp. completed a ₱575 million housing project in Bulacan and began turning over homes at a ₱593 million development in Cavite, advancing two residential contracts worth a combined ₱1.17 billion with PH1 World Developers Inc.
The construction firm led by Edgar Saavedra said on Oct. 26 that it had completed Northscapes, a 4.6-hectare development in San Jose del Monte, Bulacan, consisting of 329 housing units, roads, and other site infrastructure. Launched in 2023, the project was finished in less than three years.
In Trece Martires, Cavite, Megawide turned over the first 40 homes across three blocks at Southscapes, a five-hectare development planned to include 394 townhouses and single-attached units.
Megawide COO Frederick Tan said developing entire residential communities required a different approach from conventional construction projects.
New minimum wage rates for private-sector workers across CALABARZON took effect on Oct. 26, increasing daily pay by ₱25 to ₱45 under Wage Order No. IVA-23.
The adjustment covered workers in Cavite, Laguna, Batangas, Rizal, and Quezon, with the new daily minimum wage ranging from ₱550 to ₱645, depending on the employment sector and locality classification.
The National Wages and Productivity Commission (NWPC) said more than 1.5 million minimum wage earners were expected to benefit from the increase.
Non-agricultural workers in the extended metropolitan area were set to receive a minimum daily wage of ₱645, while workers in component cities and first-class municipalities were covered by a ₱590 rate, except in Rosario, Cavite, where the minimum was also ₱645.
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