Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end.
In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it ‘adjusts to the new demands of the diverse market.’
“Our strong financial standing puts us in an exceptionally good position to weather the crisis and take advantage of the opportunities that will arise once recovery begins. The crisis also served to highlight the value of our offerings,” Dr. Tan said.
To jumpstart the company’s recovery plans, Megaworld is rolling out a 4-point guide to ensure a strategic path towards accelerated growth by next year.
During his presentation, Megaworld chief strategy officer Kevin L. Tan laid down the R.I.S.E plan:
On the community and society at large, Megaworld remains committed to continue its support to government programs in the fight against coronavirus, and in the efforts of both the public and private sectors to help the country move towards economic recovery.
“Today, more than ever, we remain grateful to the trust and confidence of all of our customers, including our stockholders. Despite the impact of the pandemic that hit most businesses, our first half was not as bad as we expected it to be,” Tan points out as he also highlighted the contribution of employee and personnel frontliners assigned in the company’s malls, offices, and various townships across the country during the pandemic.
During his presentation to stockholders, Tan illustrated how Megaworld experienced remarkable growth momentum across all its businesses from 2010-2019, following the five simultaneous (5) major crises that the company faced prior to this decade.
“As we start another new decade for Megaworld, we will always look back to the times when we have outgrown and surpassed the challenges that we have faced because these are the things that have been motivating us to become stronger as a company,” says Tan.
Posted online on August 23, 2020