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Manila Water posts 6% Net Income increase in first nine months of 2021

Manila Water posted earnings of ₱3.4 billion for the first nine months of 2021, 6% higher than the same period for the previous year. The improvement was driven mainly by the significant increase in contribution from the Company’s international affiliates and key domestic subsidiaries, as well as lower provisions for income tax in compliance with the CREATE Law.

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Manila Water seals second water contract in Saudi Arabia

Manila Water’s consortium with French water distributor Saur Group and Saudi’s Miahona Company successfully clinched another seven-year water contract in the Kingdom of Saudi Arabia. The National Water Company, Saudi Arabia’s state-run water agency, awarded the Management, Operations and Maintenance Contract (MOMC) to the consortium to undertake the operation of the water and environmental treatment services in the Eastern Cluster of the largest oil producer in the Middle East, with a population of 5.27 million and a supply demand of about 1,800 million liters of water per day. The cluster includes the cities of Dammam, Al Hofuf, Al Jubail, Al Khobar, Al Qatif and Hafar Al Batin.

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Manila Water bags Pangasinan Bulk Water Supply Project

The Provincial Government of Pangasinan (PGP) presented the Notice of Award for the development, financing, construction, operation and maintenance of a bulk water facility within the Province of Pangasinan under a Concession Agreement to the consortium of Manila Water Company, Inc. and its wholly owned subsidiary Manila Water Philippine Ventures, Inc.

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Manila Water is No. 3 on LinkedIn’s 2021 Top 15 Workplaces for Career Growth

Manila Water Company, Inc. ranked third on LinkedIn's inaugural annual list of 2021 top 15 companies for professionals to grow their careers in the Philippines. Key trends from the country’s top companies list include prioritizing skills, resilience in essential services, and supporting the workforce through challenging times. Overall, these companies are ahead of the game in supporting their talent pool, with programs for flexible work arrangements and employee well-being, among others.

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Manila Water bags the Best Sustainability Award at “The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2020”

East Zone concessionaire Manila Water bagged the Best Sustainability Bond in the corporate category at the recently held “The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2020” virtual ceremony. Manila Water Company’s $US 500 M sustainability bond is the company’s debut bond issuance in the international capital markets. The issuance is the single largest sustainability bond issued by a listed private water utility in Asia and the first ASEAN sustainability bond by a corporate issuer out of the Philippines.

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