Offer grace period on bills, water firms told

Credit to Author: Jordeene B. Lagare| Date: Wed, 30 Sep 2020 16:29:41 +0000

The Metropolitan Waterworks and Sewerage System (MWSS) has ordered Manila Water Co. Inc. and Maynilad Water Services Inc. to provide their customers some relief from paying their water bills, after which the two concessionaires promised to follow. In an advisory on Wednesday, MWSS chief regulator Patrick Lester Ty said the two water companies were directed […]

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Manila Water nets $500M from sustainability notes

Credit to Author: Jordeene B. Lagare| Date: Fri, 24 Jul 2020 16:53:47 +0000

Listed Manila Water Co. Inc. has raised $500 million from its issuance of sustainability bonds overseas to fund its capital spending. In a disclosure on Friday, the Ayala-led utility said proceeds from the offer would bankroll projects aimed at improving water and wastewater services within its East Zone concession area. “The successful sustainability bond issuance […]

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Duterte apology to tycoons boosts Philippine shares

Credit to Author: Faye Almazan| Date: Tue, 05 May 2020 16:55:08 +0000

The stock market rallied on Tuesday after President Rodrigo Duterte apologized to the tycoons behind Manila Water Co. Inc. and Maynilad Water Services Inc. and acknowledged their efforts in combating the coronavirus disease 2019 (Covid-19) in the country. The benchmark Philippine Stock Exchange Index (PSEi) climbed by 1.79 percent or 99.58 points to end at […]

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Duterte to water firms: Give us back money, then we can talk

Credit to Author: The Manila Times| Date: Thu, 06 Feb 2020 12:22:40 +0000

PRESIDENT Rodrigo Duterte on Thursday said he was willing to talk to the embattled water concessionaires if they would return the money to the people. Duterte made the statement on Thursday as he reiterated that the government would not pay a single centavo from the billions of pesos in refund sought by Manila Water Co. […]

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Water firms back down, won’t demand enforcement of arbitral court ruling

Credit to Author: The Manila Times| Date: Tue, 10 Dec 2019 09:00:38 +0000

THE Manila Water Company, Inc. and Maynilad Water Services, Inc. backed down against President Rodrigo Duterte and won’t demand the enforcement of an arbitral court ruling ordering the Philippine government to pay over P10 billion for the losses they incurred when it denied their petition for a rate increase. The Permanent Court of Arbitration (PCA) in Singapore, […]

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Duterte accuses water firms of ‘economic plunder’

Credit to Author: The Manila Times| Date: Thu, 05 Dec 2019 13:13:38 +0000

PRESIDENT Rodrigo Duterte on Thursday renewed his tirades against Manila Water Company Inc. and Maynilad Water Services Inc., accusing the concessionaires of committing “economic plunder.” During his visit to Legazpi, Albay, Duterte again slammed the concession agreements entered into by the government with the water firms, which he said, were tantamount to the country giving […]

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Stiffer fines sought for firms over Metro Manila water shortage

Credit to Author: clopez| Date: Wed, 26 Jun 2019 21:32:27 +0000

Stiffer fines sought for firms over Metro Manila water shortage

Harsher penalties must be imposed on the water concessionaires because the shortage in Metro Manila

The post Stiffer fines sought for firms over Metro Manila water shortage appeared first on Inquirer News.

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Manila Water fined P1.15B for shortage

Credit to Author: ANNA LEAH E. GONZALES| Date: Wed, 24 Apr 2019 02:30:25 +0000

THE Metropolitan Waterworks and Sewerage System (MWSS) Board has penalized the Manila Water Company, Inc. more than P1 billion for the water shortage its consumers experienced in the early part…READ

The post Manila Water fined P1.15B for shortage appeared first on The Manila Times Online.

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Manila Water COO steps down

Credit to Author: JORDEENE B. LAGARE| Date: Tue, 16 Apr 2019 03:39:34 +0000

STILL reeling from the water crisis that hit about 1.2 million households in Metro Manila under his watch,  the chief operating officer of the Manila Water Co has stepped down….READ

The post Manila Water COO steps down appeared first on The Manila Times Online.

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