Duterte threatens Manila Water, Maynilad with expropriation

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

President Duterte threatens to 'take everything' from both firms if he is not satisfied with how they explain 'onerous' provisions in their concession agreements.

FUMING. President Rodrigo Duterte has not stopped ranting about Manila Water and Maynilad Water Services in his public speeches since December 3, 2019. Malacañang photo

Expropriation has to be justified. Manila Water and Maynilad can run to courts to challenge it. In such cases, the government often cites its right to expropriate property for the public good. Manila Water and Maynilad have concession agreements with the government in which the government grants them exclusive rights to operate and maintain water utilities in specific areas in a given period of time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Kupal na presidente gawa wag puro ngawa dami munang binitiwang salita ni isa walang natupad kupal ka🐊🐊🐊🐊🐊

Shout out na yata for election funding

He heyyts oligarchs, except...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Duterte wants to 'renegotiate' parts of Manila Water, Maynilad deals: DOJ
Source: ANCALERTS - 🏆 26. / 50 Read more »

Maynilad, Manila Water will no longer demand payment from gov'tMaynilad and Manila Water say they will no longer implement arbitration rulings which compel the government to pay them billions of pesos. A ok. Ang galing ni Calida ano? something really dark here. that was easy. they will fined for violating clean air act leading to bankruptcy. Arbitration is useless ganun ba? Sana matanggal Pilipinas sa UNCITRAL for not honoring its obligation. Pero, ang tanong bakit nagconcede sila, mas malalim pa ba ang baho na tinatago nila?
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Manila Water, Maynilad will no longer collect P11-B compensation from gov’tMANILA, Philippines — Manila Water Company, Inc. and Maynilad Water Services, Inc. on Tuesday said they would no longer collect the almost P11 billion indemnification, which the Singapore-based PathRoxasINQ Somebody up there has easily pocketed that 11billion. MW and Maynilad agreed to keep their mouths shut. PathRoxasINQ Kasalanan nanaman to ni Duterte. Business kayo tapos ayaw niyo sa Bilyon? Hmm. Parang may mali.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Manila Water drops P7.4 billion compensation claim11Billion pesos na halaga ng malutong na putang ina mula kay PRRD. 😜😜😜 thankyouprrd That's old news. The current one now is, they are the one being pursue for plunder, a no bail crime worth trillions. Now, that's news. Si hilbay pala ang abogago.. Kaya na hell bye... Ang tahimik tahimik ng ugok
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Avril Lavigne to return to Manila in May 2020 for ‘Head Above Water’ concert tourAvril Lavigne is coming back to Manila in 2020 for a concert as part of her “Head Above Water” tour. Tickets will be sold starting Dec. 21.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Gwen: ‘No negotiation may salvage Manila Water JIA’CEBU CITY, Philippines — Negotiations to salvage the joint investment agreement for the bulk water supply project between the Cebu Provincial Capitol and Manila Water Consortium Inc. is already
Source: cebudailynews - 🏆 8. / 71 Read more »