Marilyn Cahatol

Residents wade through knee-deep floodwaters along Maria Clara Street near Araneta Avenue in Quezon City as heavy rains deluge the metro on Saturday, July 19, 2025.  Weather bureau PAGASA issued an orange rainfall warning in Metro Manila on Saturday morning, urging the public to remain vigilant for possible flooding, especially in low-lying and flood-prone areas.

Maria Tan, ABS-CBN news

Article (news)

ARANETA- QC-FLOODING

Job Manahan

ABS-CBN News

ABS-CBN Research and Verification Unit

<div><span class="fr-img-caption fr-fic fr-dib" style="width:636px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/175541496785020250719-araneta-flooding-MT10.jpg" style="width:960px" class="fr-fic fr-dib" alt="Residents wade through knee-deep floodwaters along Maria Clara Street near Araneta Avenue in Quezon City as heavy rains deluge the metro on Saturday, July 19, 2025.  Weather bureau PAGASA issued an orange rainfall warning in Metro Manila on Saturday morning, urging the public to remain vigilant for possible flooding, especially in low-lying and flood-prone areas.Maria Tan, ABS-CBN news"/><span class="fr-inner" style="text-align:left">Residents wade through knee-deep floodwaters along Maria Clara Street near Araneta Avenue in Quezon City as heavy rains deluge the metro on Saturday, July 19, 2025. <em>Maria Tan, ABS-CBN News</em></span></span></span>MANILA — A company with a P250,000 paid-up capital in 2019 bagged the government’s biggest flood-control contracts in recent years, a document obtained by ABS-CBN News has shown.</div><p>President Ferdinand Marcos Jr. last week disclosed that MG Samidan Construction and Development Corp. had become the government’s 13th top contractor on flood-mitigation projects.</p><div><a class="fr-green" href="https://www.abs-cbn.com/news/nation/2025/8/11/15-contractors-cornered-p100-b-worth-of-flood-control-projects-since-2022-marcos-1053"><strong>15 contractors cornered P100-B worth of flood control projects since 2022: Marcos</strong></a></div><p>But based on a document from the Securities and Exchange Commission, MG Samidan only had a P250,000 paid-up capital in 2019.</p><p>Paid-up capital refers to the actual amount shareholders have contributed to the company in exchange for shares.</p><p>Despite this, it already bagged 60 flood control projects totaling P5.3 billion as of this year, according to data analyzed by ABS-CBN&#x27;s Research and Verification Unit.</p><div><a class="fr-green" href="https://www.abs-cbn.com/news/nation/2025/8/11/a-deeper-look-into-marcos-s-list-of-top-flood-control-contractors-0037"><strong>A deeper look into Marcos’s list of top flood control contractors</strong></a></div><p>Of the P5.3 billion contracts, 16 projects with a combined value of P1.3 billion are contracted to the company and other contractors.</p><p>The research unit also noted that the firm implemented its projects in only 5 provinces—Abra, La Union, Mountain Province, Benguet, and Pangasinan.</p><p>“Three in five of these projects (P3.4 billion) are located in Abra,” the researchers said.</p><p>Based on the “Sumbong sa Pangulo”—a website where the public can check all flood control projects and send reports about anomalies—the lowest contract from the firm costs P29.2 million for the construction of “a flood control structure” in Barangay Banbancag in Bucay town, Abra.</p><div><a class="fr-green" href="https://www.abs-cbn.com/news/nation/2025/8/15/map-flood-control-projects-in-metro-manila-2203"><strong>MAP: Flood control projects in Metro Manila</strong></a></div><p>The project’s completion date was in July 2023.</p><p>The biggest contract, meanwhile, costs nearly P148.5 million for the construction of Salangsang Flood Control Structure in La Paz town also in Abra. This was supposedly completed in September 2024.</p><p>ABS-CBN News sent an email and a text message to the contact details provided in the document, but the firm has yet to respond to us as of this story’s posting.</p><p>MG Samidan&#x27;s principal office address is in Mountain Province, according to the SEC&#x27;s document.</p><p>Its president, vice president, treasurer and corporate secretary are from the Samidan family.</p><p>Public Works Secretary Manuel Bonoan earlier said that the agency began looking into the status of around 9,855 flood control projects after the President&#x27;s SONA.</p><p>But Bonoan said the focus now of the agency is on the 15 contractors to &quot;see what projects [were] undertaken, what is the status, so that we can report back to the President.&quot;</p><div><a class="fr-green" href="https://www.abs-cbn.com/news/nation/2025/8/13/dpwh-probe-focuses-on-flood-control-projects-under-15-contractors-flagged-by-marcos-1046"><strong>DPWH probe focuses on flood control projects under 15 contractors flagged by Marcos</strong></a></div><div><br/></div><div><strong>RELATED VIDEO:</strong></div><div style="text-align:center"><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/9k-sA5yz5go?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>A company with a P250,000 paid up capital in 2019 bagged the government’s biggest flood-control contracts in recent years, a document obtained by ABS-CBN News has shown.</p>

A company with a P250,000 paid up capital in 2019 bagged the government’s biggest flood-control contracts in recent years, a document obtained by ABS-CBN News has shown.

Firm with P250K paid-up capital among biggest contractors for flood-control projects: docs

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Firm with P250K paid-up capital among biggest contractors for flood-control projects: docs

Job Manahan,

ABS-CBN News,

ABS-CBN Research and Verification Unit

Published Aug 17, 2025 03:37 PM PHT

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Updated Aug 17, 2025 06:50 PM PHT

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flood control projects

paid up capital

MG Samidam Construction and Development Corporation

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