MANILA, Philippines–Cebu’s leadingbusiness groups are rallying behindMegawideConstruction Corporation (PSE: MWIDE)after the Manila International Airport Authority (MIAA) Board revokedthecompany’s Original Proponent Status (OPS) for the rehabilitation of the Ninoy Aquino International Airport (NAIA).
The business groups are also expressing indignation against a lawsuit that questions the legality of the partnershipMegawideshares with GMR Infrastructure Inc., its minority partner in theoperations and maintenance of Mactan Cebu International Airport (MCIA).
These groups decry malicious attempts to smear the only Filipino company w…
Keep on reading: Cebu business groups back Megawide proven track record for NAIA rehab