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.

Manila Water posted earnings of ₱1.23 billion for the first quarter of 2019, 27 % lower than the previous year. The slowdown was mainly due to the the impact of the water supply shortage in its Manila Concession business.

Manila Water (Thailand) Co. Ltd., a subsidiary of Manila Water Company, Inc., through Manila Water Asia Pacific Pte. Ltd., signed a THB5.30 billion, 5-year term loan facility with Mizuho Bank, Ltd. – Bangkok Branch and Bank of Ayudhya Public Company Limited to take out the previous bridge loan used to finance the acquisition of an 18.72% equity stake in Eastern Water Resources Development and Management Public Company Limited.

Manila Water continued on its path to growth in 2018, posting net income increase of 6% from the previous year to reach P6.5 billion. This was driven largely by the steady performance of the Manila Concession, bolstered by the approval of its positive tariff adjustment and Business Plan. Beyond the Manila Concession, new business wins and acquisitions establish an ideal platform for further market expansion.