Manila Water posts P4.9 Billion Net Income in Q3
Manila Water maintained positive net income growth from the previous year to reach P4.9 billion, driven by the steady performance of the Manila Concession and supported by Manila Water Asia Pacific (MWAP). On a consolidated level, Manila Water posted billed volume growth of 4%, led by the Manila Concession and international subsidiaries under Manila Water Asia Pacific. Said growth significantly offset the relatively flatter billed volume trajectory in the local subsidiaries under Manila Water Philippine Ventures. Cost pressures have increased with the current economic environment as well as necessary operational and growth initiatives, with cost of services and operating expenses growing by 21 percent to P5.94 billion.
Manila Water Philippine Ventures bags deal with San Fabian, Pangasinan
Manila Water Philippine Ventures has formally received a Notice to Proceed for a P742-million water supply and sanitation project in San Fabian, Pangasinan.
Manila Water Philippine Ventures awarded P1.5 billion Tanauan project
Manila Water Philippine Ventures received the notice of award from the Tanauan Water District for the implementation of a P1.5 billion joint venture project that will improve the provision of water supply and sanitation services in Tanauan City, Batangas.
Manila Water ramps up programs on used water management
Manila Water consistently intensifies its campaign towards proper wastewater management in Metro Manila’s East Zone through its Used Water Master Plan.
MWSS approves business plan, staggers approved rate adjustment
MWSS has approved Manila Water’s Business Plan and Rebasing Adjustment for the Fifth Rate Rebasing Period (2018 to 2022). This is based on MWSS Regulatory Office Resolution No. 2018-10-CA dated September 24, 2018 and as approved by the MWSS Board Resolution No. 2018-145-RO dated September 27, 2018.