Manila Water Company, Manila Water Foundation strengthen support to the Million Trees Foundation
Manila Water Company (MWC) and Manila Water Foundation (MWF) renew their commitment to the environment and sustainability through donation of one million pesos to Million Trees Foundation, Inc. (MTFI) during their second anniversary celebration as an organization. Every year since 2021, a Php 1-M donation was also made by MWC and MWF for MTFI to develop its onsite office and establish the nursery at the 5-hectare property at the La Mesa Watershed.
Boracay Water commits to protect water resources through H2O: Highland to Ocean program
Boracay Island has been consistently recognized around the world as one of the premier tourist destinations because of its pristine beaches and powdery white sand. As the Island is highly dependent on tourism for economic viability, it needs to address the continuing threat of environmental degradation due to increasing usage of water and subsequent treatment and disposal of wastewater brought about by the influx of tourists, domestic and foreign alike.
Manila Water Foundation lauds valued partners in WASH mission
Manila Water Foundation, the social development arm of the Manila Water enterprise, concludes its month-long series of events to mark its 18th anniversary with a Partners Recognition Event. The Filipiniana-themed celebration was hosted by Manila Water Foundation to express gratitude to its generous partners as it turned 18 in animating the mission of bringing environmental programs and water access, sanitation, and hygiene (WASH) for all communities.
Manila Water plants 1.4M trees under its watershed protection and management program
Since the launch of East Zone concessionaire Manila Water’s watershed management program in 2006, Manila Water has partnered with the public and private sector, such as the Department of Environment and Natural Resources, Metropolitan Waterworks and Sewerage System, various local government units, indigenous people residing in watershed communities, and other stakeholders for the implementation of its watershed management program.
Manila Water posts Php5.9-B Net Income in 2022
Manila Water posted consolidated earnings of ₱5.9 billion for the full year of 2022. Customer demand showed notable recovery with the improved mobility and resumption of economic activities in its service areas. This was shown by the resurgence of its non-residential segments in the East Zone and performance from several of the domestic Non-East Zone businesses. The recognition of several key items such as the writeback of deferred forex losses and reduction of accounting provisions at the East Zone Concession, further lent upward impact to net income for the year.