Press Statement on the Award Recently Issued by an Arbitral Tribunal in favor of Manila Water as Administered by the Permanent Court of Arbitration
Manila Water would like to state certain facts in the interest of public discussion on the award recently issued by an arbitral tribunal in favor of Manila Water as administered by the Permanent Court of Arbitration (PCA). We wish to clarify that the PCA is an internationally recognized inter-governmental organization.
On November 19, the world celebrated World Toilet Day, but the call for proper sanitation does not stop there. Closing its monthlong celebration of World Toilet Day, Manila Water Foundation, Inc., in partnership with Laguna Water, recently gathered over 150 community members at Malaban Elementary School and turned over a three-cubicle public toilet at Barangay Malaban in Biñan City, Laguna, aiming to promote proper sewage management and sanitation practices for its nearby communities. The event promoted the importance of safely managed sanitation in the country, especially for marginalized sectors.
Held at the biggest high school in the Philippines in terms of student population, hundreds of parents and students gathered at Rizal High School in Pasig City to call for proper sanitation for all to kick off the celebration of World Toilet Day, a global advocacy day observed every November 19 about inspiring action to tackle the global sanitation crisis. Organized by Manila Water Foundation (MWF) and In coordination with Manila Water Company (MWC), City Government of Pasig, United Nations Children’s Fund (UNICEF) and Department of Health (DOH), the World Toilet Day celebration rallied the participants to raise awareness on the environmental and health risks of open defecation and improper sanitation practices.
Manila Water earnings decreased 11 percent from last year to stand at ₱4.4 billion as of the 3rd quarter, with performance still dampened by the impact of the water supply shortage in its Manila Concession early this year. Despite these challenges, continued efforts towards operating efficiency in the East Zone and the increased contribution of the domestic subsidiaries have made the business more resilient. As a result, core net income stood at ₱5.8 billion for the period – an improvement of over 10 percent from last year.
Manila Water, through the Manila Water Foundation, Inc. (MWF), readily came to the aid of the victims of the recent earthquake in Mindanao, by providing much-needed drinking water to the evacuation centers in North Cotabato and Davao del Sur, which were hardest-hit in the series of tremors experienced last week. Through coordination with various government agencies, MWF was able to bring in two thousand twenty (2,020) 5-gallon bottles of Healthy Family drinking water to the evacuation centers in Kidapawan City and the towns of Makilala and Tulunan in North Cotabato, and three hundred (300) bottles to Magsaysay town in Davao Del Sur.