Manila Water earnings for the first half of 2019 stood at ₱2.9 billion, 18 percent lower than the previous year. This decline is still driven by the impact of the water supply shortage which hit its Manila Concession business early this year. Outside the East Zone, domestic business operations saw higher earnings contribution while foreign operations held steady. On the other hand, new business developments continue to provide market expansion and new sector opportunities.
Manila Water has not received an official copy of the Supreme Court decision to-date. We are prepared to exercise all our legal options, including filing for a Motion for Reconsideration, within the prescribed time mandated by the law on receipt of the said order. As part of the mandate of Manila Water as a Concessionaire, we have invested more than P33 billion for the past 21 years and will continue to invest P38.4 billion more until 2022 as part of the government-approved business plan to further improve sewerage and sanitation services in the East Zone.
Manila Water Philippine Ventures unit, Bulacan Aqua Estates, recently inaugurated an innovative treatment facility that will deliver as much as one million liters of clean, potable water per day—the Nanofiltration - Reverse Osmosis Hybrid Water Treatment Plant.
Manila Water Fleet Heavy Equipment Officer Benigno Acacio was recognized as one of this year’s TOWER Awardees or “The Outstanding Workers of the Republic” in the 2019 Centennial Edition of the awards program. Aimed at promoting wider recognition and the dignity of labor in industries, the TOWER Awards also recognizes the importance and contributions of those occupations which are especially relevant to the economic and technological progress of the country, to inculcate pride in excellence and outstanding work, and to help develop critical, innovative/inventive and creative thinking at the workplace, and a mindset for quality and productivity in the workforce.