Manila Water has earlier formed a joint venture agreement with the water district for a 25-year project that will improve and expand the provision of water supply in the municipality of Calasiao.

Manila Water Company, Inc. (“Manila Water”) has successfully completed its acquisition of a significant stake in Eastern Water Resources Development and Management Public Company Limited (“East Water”), a publicly-listed water supply and distribution company in Thailand. 

Manila Water will implement a 2.8% Consumer Price Index adjustment on the 2017 basic charge effective January 1, 2018 following the approval and confirmation of the new rates by the MWSS Regulatory Office as contained in its Resolution No. 2017-08-CA dated October 18, 2017 and the MWSS Board of Trustees as contained in the Resolution No. 2017-140-RO dated October 26, 2017. 

The Board of Trustees of the Metropolitan Waterworks and Sewerage System (MWSS) has approved the fourth-quarter Foreign Currency Differential Adjustment (FCDA) of 4.86% of the basic charge of P24.81, equivalent to P1.21 per cubic meter, effective October 1, 2017. This is 0.94% or P0.24 higher than the Q3 2017 FCDA of 3.92% of the basic charge or P0.97 per cubic meter. 

Manila Water posted a net income growth of 3 percent for the 1st semester of 2017, supported by revenue expansion of 4 percent largely bolstered by its non-Manila concession businesses.