Megawide Construction Corp. and its Indian partner, GMR Infrastructure, relied on Vastu shastra, instead of just Chinese feng shui, to outwit the Filinvest Group of Filipino-Chinese tycoon Andrew Gotianun Sr. in bidding for the contract to build the Mactan-Cebu International Airport project.
Chinese businessmen usually rely on feng shui to bring them good luck and help them with their investment decisions, but the Megawide-GMR tandem banked on the Indian feng shui as well.
Megawide chief marketing officer Louie Ferrer said exploiting the Indian feng shui, Megawide offered an exact amount in US dollar terms for the Mactan auction and the exact time it should submit the bid document that equated to the numbers 4 and 3, respectively.
Megawide offered a peso equivalent of P14.44 billion to top Filinvest’s P13.99-billion bid. Megawide’s bid equated to the number 4, which in Chinese feng shui is bad luck and which the Filinvest Group avoided. (The pronunciation for number 4 in Cantonese is the same as death.)
The number four in Vastu shastra, or Indian feng shui, meanwhile, is associated with the symbol of wholeness and universality often represented by the square (four corners) and the cross. Like the square, four symbolizes stability.
Megawide may have topped the Mactan auction but is not expecting to get any construction projects from the Filinvest Group anytime soon. Prior to the bidding, Megawide built six office and residential projects of the Filinvest Group.