Foreign currency-denominated bank loans in the country posted a slight decrease in the first three months of the year, driven by weakened demand for both short and long-term borrowing from residents and non-residents alike. According to data from the Bangko Sentral ng Pilipinas (BSP), foreign...
Razon-led Manila Water Co. reported that its net income posted a 14 percent increase in the first quarter of 2025. In a disclosure to the Philippine Stock Exchange this Friday, May 9, the private water utility firm’s net income reached ₱3.5 billion in the first three months of 2025, up from...
The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) has begun discussions on the draft guidelines for determining rate adjustments for Manila Water Co. and Maynilad Water Services Inc. On Tuesday, July 19, a public consultation was held regarding the Foreign Currency...
The decision of the Metropolitan Waterworks and Sewerage System (MWSS) to remove the Foreign Currency Differential Adjustment (FCDA) from the water bills will have a different impact on the respective customers of Manila Water Company, Inc. and Maynilad Water Services, Inc. Unfortunately, it will...
The Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) is still clarifying with the government panel that revised concession agreements between MWSS and water concessionaires if the foreign currency differential adjustments (FCDA) can still be implemented for the third quarter...
The water rates of Manila Water Company Inc. will slightly increase in the second quarter of the year, while customers of Maynilad Water Services Inc. will enjoy a small rollback in rates. In a virtual briefing on Thursday, Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Patrick...
The continuous appreciation of Philippine peso versus other currencies may continue to pull down water rates in Metro Manila until the first quarter of 2021. MB File photo. (ALVIN KASIBAN) This is because of the Foreign Currency Differential Adjustment (FCDA) tariff mechanism that Maynilad Water...
