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AYALA CORP. was among the most actively traded stocks last week after the Philippine Competition Commission approved Philippine billionaire Enrique Razon’s takeover of unit Manila Water Co., Inc.
THE PURIFIED drinking water business unit of Manila Water Total Solutions Corp. (MWTS), a subsidiary of Manila Water Co., Inc., will be permanently closed on Oct. 31.
EAST ZONE water concessionaire Manila Water Co., Inc. has received approval to increase its authorized capital stock to P4.4 billion after amendments to its articles of incorporation were cleared by the Securities and Exchange Commission (SEC).
THE METROPOLITAN Waterworks and Sewerage System (MWSS) Regulatory Office has served a show-cause order to Manila Water Co., Inc. and Maynilad Water Services, Inc. in response to over 400 billing complaints filed by the customers of the two water providers.
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.
AYALA CORP. (AC) is scheduling the entry of Razon-led Trident Water into Manila Water Co., Inc. (MWC) in about two months.
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.
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.
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.
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.
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 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 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 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 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 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 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 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 Co., Inc. (MWC)said its subsidiary has signed the concession agreement with the Bulacan water district.
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.
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 Co., Inc. has started operating an additional 13 deep wells in its concession area to address the water shortage.
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.
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 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 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.
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 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 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.
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.
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.
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