Megaworld trims spending, housing launches as macro pressures mount

Megaworld trims spending, housing launches as macro pressures mount

Megaworld Corp., one of the largest township developers in the country, is scaling back its capital expenditure budget and lowering residential launch targets for the year to counter the challenging macroeconomic landscape marked by elevated material costs, sticky inflation, and high interest rates.Kevin L. Tan, Megaworld executive director and chief strategy officer, said the company is aiming for ₱55 billion in capital spending and ₱50 billion…