MANILA - After targeting Metro Manila's water concessionaires, President Rodrigo Duterte has expanded his list of private companies with government contracts that will undergo scrutiny.
Here is a list of companies whose government contracts are currently being reviewed or will be probed according to officials.In a speech last December, Duterte blasted the Ayala-led water concessionaire. The President said Manila Water's contract "is really lopsided because if they fail to realize the profit during the lifetime of the contract or at any period, we will shoulder their losses.
While Maynilad is not a listed firm, its parent company Metro Pacific Investments Corp, has seen its stock price drop to P3.21 as of Jan. 21 from P4.39 on Dec. 3. DMCI, which partly owns Maynilad, also saw its stock fall to P6.26 as of Jan. 21 from its Dec. 3 close of P6.50.
Anong nangyari sa crackdown ng mga druglords? :(
Cracks down firms that are against ur Administration? Not following ur order? So just discarded’ freedom of press? Only in Philippines! If President Duterte doesn’t do any unfaithful act as a President ‘ so why afraid of d press?
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