The Zobel-controlled Ayala Corporation is fully divesting from utility Manila Water Company with the sale of its remaining 23.6 percent stake in the Metro Manila East Zone concessionaire for P14.5 billion to billionaire Enrique K. Razon Jr.’s Trident Water Company Holdings Inc. In a disclosure to...
Sustained recovery of consumer demand, along with approved rate adjustments, boosted Razon-led Manila Water Co. Inc.’s net income in the first quarter. In a statement on Tuesday, May 14, Manila Water said that its profit soared 35 percent to P3.1 billion from P2.3 billion in the same period last...
Razon-led Manila Water Co. Inc. has passed the stringent requirements set by the Department of Health’s (DOH) Philippine National Standards for Drinking Water (PNSDW). In a statement, Manila Water said the East Zone concessionaire's compliance with the PNSDW ensures that its 7.6 million customers...
Manila Water Philippine Ventures (MWPV), a subsidiary of Razon-controlled Manila Water Company catering to cities and municipalities outside of East Zone, has acquired a 70 percent stake in Equipacific HoldCo Inc. for P1.15 billion. Equipacific HoldCo is an investment company, which holds 90...
From L-R: ACCIONA: Samantha Betia - Head of Marketing, ACCIONA SEA, Rina Dakay - Business Development and Marketing ACCIONA SEA, Javier Ruiz - EPC Director, ACCIONA Agua - PAREF Woodrose School - Kathleen Pineda, Associate Director for Academic Standards, Cheyenne dela Fuente, Principal, Integrated...
Razon-led Manila Water Co. Inc. said it is on track to complete the Cayetano Pumping Station and Reservoir in Taguig City by 2025, a move that will help reduce its reliance on Angat dam as the main water source. In a statement, Jeric Sevilla, Manila Water corporate communication affairs director,...
Manila Water Company, a utility firm controlled by billionaire Enrique K. Razon Jr., has terminated its concession agreement with the Provincial Government of Pangasinan (PGP) for an P8 billion bulk water project. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said that the...
Metro Manila residents are poised to encounter higher expenses in the upcoming year, as the Metropolitan Waterworks and Sewerage System Regulatory Office (MWSS) has approved a rate increase for two water concessionaires beginning January. Patrick Lester N. Ty, MWSS chief regulator, said Maynilad...
Manila Water Co. Inc. has partnered with Malaysia-based renewable energy firm Ditrolic Energy Philippines to help reduce the operational greenhouse gas emissions (GHGs) of the Razon-led east zone concessionaire. In a statement, Manila Water announced that the company has entered into a power...
East and West zone concessionaires Manila Water Co. and Maynilad Water Services, Inc. reported that the dam level in Angat has reached its year-end goal. In a statement on Monday, Nov. 20, Angat Dam achieved a water elevation of 210.42 meters. The target level must be within 210 to 212 meters and...
Razon-led Manila Water Co., Inc. reported that its profit for rose by more than half in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, Manila Water said its net income rose by 61 percent to P7.26 billion from January to September, compared to P4.52...
Multiple barangays within Pasig and Quezon City are subject to another water interruption, according to east zone concessionaire Manila Water Co. starting Saturday, Nov. 11. According to the water distribution utility, certain sites in Pasig will get new water valves in their system, such as the...
