TEST
Home Tags Manila water

Tag: manila water

Manila Water unit signs P3-B loan with two banks

A SUBSIDIARY of east zone water provider Manila Water Co., Inc. has signed a loan to fund its capital expenditure programs and expansions projects.

Manila Water income up 4%

EAST ZONE water concessionaire Manila Water Co. Inc. reported a 4% increase in its consolidated net income to P1.3 billion for the first quarter, despite lower contributions from its domestic subsidiaries.

Manila Water extends payment date for bills

WATER CO., Inc. has extended the due date for the water bill payments of its customers in response to the month-long “enhanced community quarantine” set by the government on Luzon.

Manila Water discloses more details of Razon entry

MANILA WATER Co., Inc. has bared the details of Enrique K. Razon, Jr.’s P10.7-billion investment in the firm, which is still subject to compliance with regulatory requirements.

Manila Water income down 16%

MANILA WATER Co., Inc. posted a 16% decrease in 2019 net income to P5.5 billion, saying its performance was dampened by the impact of a regulatory penalty, a one-time bill waiver, and higher expenses caused by the water shortage in the first half.

Manila Water sets Razon’s entry after stockholders’ meeting in April

AYALA CORP. (AC) is scheduling the entry of Razon-led Trident Water into Manila Water Co., Inc. (MWC) in about two months.

Razon company to conduct tender offer of Manila Water shares

MANILA Water Co., Inc. (MWC) incoming investor Razon-led Prime Metroline Holdings, Inc. is doing a mandatory tender offer of the water company’s shares as part of its acquisition.

Manila Water contract revision to continue despite Razon’s entry, says Justice...

JUSTICE Secretary Menardo I. Guevarra said Philippine billionaire Enrique K. Razon, Jr.’s buying of shares in the Ayala Corp. unit Manila Water Co., Inc. will have no effect in the revision of the water concessionaire’s allegedly onerous contract.

Manila Water board approves capital increase to P4.4B

Ayala-led Manila Water Co., Inc. is raising its authorized capital stock to P4.4 billion or an equivalent increase of 900 million common shares, which is the same number of shares it is carving out “for cash, properties, or assets” to carry out its business.

Ayala group in relief efforts after Taal eruption

THE Ayala group has mobilized its units to assist local governments in relief operations for the affected communities by the Taal volcano eruption.

Gov’t meeting with Maynilad, Manila Water will be next year

JUSTICE SECRETARY Menardo I. Guevarra said a date has yet to be set for the government’s meeting with the two Metro Manila water concessionaires regarding their contracts, and it will not be taking place before the end of the year.

OSG to pursue ‘all options’ in contesting water arbitral ruling

THE Office of the Solicitor General (OSG) said it will exhaust all legal remedies in response to the P7.39 billion award granted by an arbitral tribunal to Manila Water Co., Inc.

Manila Water 9-month earnings decline by 11%

MANILA Water Co., Inc. reported its net income fell 11% to P4.4 billion as of end-September, saying its performance is still dampened by the impact of the water supply shortage that hit its concession area in Metro Manila’s east zone early this year.

Manila Water reports 100% adherence to schedule on day 1 of...

MANILA WATER Company, Inc. reported 100% adherence to its rotational service schedule in the eastern part of Metro Manila and Rizal on Oct. 24, the first day of the renewed supply interruptions.

Manila Water, Maynilad to ask SC to reconsider fines

MANILA WATER Co., Inc. said on Wednesday it will exercise all its legal options, including the filing of a motion for reconsideration by Oct. 2 in response to the Supreme Court (SC) decision that found the company liable for fines for violation of the Philippine Clean Water Act.

Manila Water secures P14.5-billion loan facility from Bank of China

MANILA WATER Co., Inc. said on Tuesday that it had signed a 250-million euro (around P14.5 billion), seven-year term loan facility with two foreign banks to fund its capital investment program within its water concession in Metro Manila’s east zone.

Manila Water CEO resigns for ‘personal reasons’ after March supply crisis

MANILA Water Co., Inc. announced on Friday the resignation of Ferdinand M. dela Cruz, who cited “personal” reasons, marking the departure of the president and chief executive officer who was in office at the height of the water crisis that hit Metro Manila’s east zone concessionaire early this year.

Manila Water inks offtake deal with WawaJVCo

MANILA WATER Co., Inc. said on Wednesday that it had signed a 30-year raw water supply offtake agreement with state agency Metropolitan Waterworks and Sewerage System (MWSS) and WawaJVCo, Inc.

Cardona water treatment plant helps boost Manila Water supply

MANILA Water Co., Inc. said its Cardona water treatment plant in Rizal province had been producing up to 63 million liters per day (MLD) as of Sunday, July 7, helping the water concessionaire narrow the supply gap that has burdened its customers since March.

Manila Water inks JV deals for Lambunao, Calbayog districts

MANILA WATER Co., Inc. has signed and executed a joint venture agreement (JVA) with the Lambunao Water District to handle the water system of the town in Iloilo province in a 35-year project that will entail a capital expenditure of P78.98 million.

Manila Water unit inks P2.5-B loan facility

MANILA Water Co., Inc. on Monday said its Laguna subsidiary has inked a P2.5-billion term-loan facility with Bank of the Philippine Islands (BPI).

Manila Water inks deal with weather data provider

MANILA Water Co., Inc. said it tapped Weather Solutions, Inc. as its exclusive weather data provider, a move seen to boost the efficiency of its dam operations and management.

Queuing for water

RESIDENTS affected by the rotational service interruption of Manila Water queue with their containers at Barangay South Triangle in Quezon City on Wednesday midnight.

Manila Water signs concession agreement with Bulacan water district

MANILA Water Co., Inc. (MWC)said its subsidiary has signed the concession agreement with the Bulacan water district.

Manila Water 1st quarter earnings slide 27%

MANILA WATER Co., Inc reported a 27% fall in first-quarter net income to P1.23 billion, in part as the water concessionaire factored in the impact of the water supply shortage within its service area starting in March.

Manila Water accepts COO’s resignation

MANILA WATER Co., Inc. said on Tuesday that it had accepted the resignation of Geodino V. Carpio, its chief operating officer (COO) during the time when the water concessionaire’s customers in Metro Manila’s east zone started experiencing water shortage.

MWSS pressed to look into liabilities of Manila Water

THE Bagong Alyansang Makabayan (Bayan) on Friday asked the Metropolitan Waterworks and Sewerage (MWSS) to “immediately” hold a public hearing to look into possible liabilities of Manila Water Co. Inc., in connection with the water crisis in Metro Manila.

Manila Water taps additional deep wells to address shortage

MANILA WATER Co., Inc. has started operating an additional 13 deep wells in its concession area to address the water shortage.

Manila Water unit, Tubig Pilipinas bag Iloilo project

ILOILO CITY — Manila Water Philippine Ventures, Inc. (MWPV) and Tubig Pilipinas Group, Inc. (TPGI) have been granted a franchise by the local council to establish and operate a water distribution system in parts of Iloilo City.

No more hearings on water situation — GMA

HOUSE Speaker Gloria Macapagal-Arroyo said on Friday that she is planning to cancel any further congressional meetings on the water situation and would rather focus on addressing Metro Manila’s water supply rather than discuss the idea that Manila Water Company, Inc.’s customers not be billed this month.

Manila Water mulls Razon tie-up on Wawa dam

MANILA WATER Co., Inc. has formed a technical working group to look into the viability of partnering with port and casino magnate Enrique K. Razon, Jr. on the Wawa dam project to augment the water source of Metro Manila’s east zone concessionaire.

Manila Water eyes new source in Cardona to augment supply

MANILA WATER Co., Inc. is counting on a new water source in Cardona, Rizal plus stop-gap measures such as deep wells and a cross-border flow agreement with the other water concessionaire to help ease the water shortage being felt within its east zone concession.

Manila Water prepares contingency plan

MANILA WATER Co., Inc. said on Wednesday that it had put in place starting this month a water supply contingency plan in light of the ongoing mild El Niño that is causing below-normal rainfall.

MWSS orders annual audits of Manila Water, Maynilad

THE Metropolitan Waterworks and Sewerage System (MWSS), which regulates the water industry, said it will audit the financial performance of the country’s two biggest water concessionaires in June and will subsequently repeat the exercise yearly.

Manila Water income up 6% in 2018

MANILA WATER Co., Inc. posted a 6% increase in net income for 2018 to P6.5 billion after the steady performance of its water concession in Metro Manila and the boost it received after the approval of its positive tariff adjustment and business plan, the Ayala-led company said.

Manila Water gears capex plans to boost wastewater treatment business

MANILA Water Co., Inc. has earmarked up to P197.8 billion for capital expenditure between now and the end of its concession agreement in 2037, more than half of which at P115 billion will go towards building new wastewater treatment plants and related facilities, company officials said.

Manila Water inks JV agreement with Tanauan

AYALA-LED Manila Water Co., Inc. said on Tuesday its consortium with a subsidiary signed a joint venture (JV)agreement with the water district of Tanauan to build and maintain the latter’s water supply and sanitation facilities.

Manila Water unit seals deal for Pagsanjan

AYALA-LED Manila Water Co., Inc. said one of its units had signed and executed a contractual joint venture agreement with Pagsanjan Water District to handle, among others, the maintenance and upgrade of the town’s water supply and sanitation facilities.

Manila Water continues to expand sewer connections in east zone

AYALA-LED Manila Water Co., Inc. said it had installed 5,135 sewer connections within Metro Manila’s east zone concession as of November last year, bringing the total to 191,784 since the time it took over the service from the government.

Manila Water gets contract for Calbayog City

MANILA WATER Co., Inc. said on Thursday that it had received the notice of award from the Calbayog City Water District (CCWD) to manage the area’s water and wastewater systems under a 25-year contract.

Manila Water-led group bags Nueva Ecija project

MANILA WATER Co., Inc. and its two consortium partners have been awarded a 25-year contract to develop the water district of San Jose City in Nueva Ecija, the Ayala-led listed company said on Wednesday.

Water rates to go up in January

CUSTOMERS served by Metro Manila’s two water concessionaires will notice a slight increase in their bills starting Jan. 1, after the Metropolitan Waterworks and Sewerage System (MWSS) approved rate adjustments based on inflation and the movement of the peso against the US dollar.

‘Management excellence’ according to Fernando Zobel de Ayala

In the world of business, there are few forces that are more powerful than a united group of people who passionately believe in creating...

Manila Water inks agreements for two water districts in Iloilo

MANILA WATER Company, Inc. (MWC) has been awarded joint venture agreements by Lambunao Water District (LWD) and Calinog Water District (CWD) for two separate water supply systems in the province of Iloilo.

Manila Water signs JV deal for Isabela water project

MANILA Water Co., Inc. said on Friday that its consortium with a wholly-owned subsidiary signed a joint venture agreement with the water district of Ilagan City, Isabela for a bulk water supply project, which includes water system expansion and septage management.