Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
In an effort to expand its sewerage services in Parañaque City, Metro Manila West Zone concessionaire Maynilad Water Services Inc. is laying a new sewerage line that would benefit over 35,000 residents in the area. In a statement, Maynilad said it has invested P695 million to lay the sewage pipes...
Maynilad Water Services, Inc. has recovered approximately 560,000 cubic meters of potable water lost due to illegal connections—enough to meet the daily needs of around 3,500 customers. In a statement, the West Zone concessionaire said that this recovery occurred within the first eight...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has plugged more than 28,000 pipe leaks in the first half of 2024, bringing the company’s total number of leaks repaired to 523,111 since 2007 when it inherited one of the oldest pipe networks in Asia upon...
East zone concessionaire Manila Water Co. will raise its water bills starting in October due to the recently approved Foreign Currency Differential Adjustment (FCDA). In a disclosure to the Philippine Stock Exchange on Monday, Sept. 16, Manila Water said consumers will experience a rate increase of...
West Zone concessionaire Maynilad Water Services, Inc. has concluded its pipe replacement project in parts of Manila, aiming to improve water pressure and meet the growing demand of consumers in the area. In a statement, Maynilad said the project, which cost P380 million, replaced 1.7 kilometers of...
West Zone concessionaire Maynilad Water Services, Inc. plans to invest over half a billion pesos to enhance its water storage capacity by constructing a raw water reservoir. In a statement, Maynilad said it allocated over P686 million to transform the sludge lagoons within La Mesa Compound into an...
Maynilad Water Services Inc., the concessionaire for the West Zone of Metro Manila, is planning to fund its P40 billion capital expenditures next year through a combination of debt instruments, bank loans, and internally generated funds. In an interview, Maynilad President and Chief Executive...
West Zone concessionaire Maynilad Water Services, Inc. announced plans to expand its hybrid sewer system (HSS) to further enhance the collection of household wastewater. With an allocation of P3.5 billion for wastewater projects utilizing the HSS concept, Maynilad said it aims to improve services...
Maynilad Water Services, Inc., the water provider of most cities in Metro Manila, has been granted by the Securities and Exchange Commission (SEC) a permit to sell its P15 billion blue bond offering. This comes after the Philippine Rating Services Corporation granted Maynilad’s blue bonds a PRS...
West Zone concessionaire Maynilad Water Services, Inc. has increased its use of renewable energy in its operations by 15 percent following its partnership with MPower, the local retail electricity supplier of Manila Electric Co. (Meralco). Under this partnership, Maynilad said in a statement on...
Recent rainfall in Luzon failed to raise water levels at Metro Manila's two primary water sources, west zone concessionaire Maynilad Water Services, Inc. said. According to the latest monitoring report from Maynilad as of Monday, June 10, both the Angat and Ipo dams experienced a decrease in water...
