Gov’t won’t rescind water agreements

“It means that they should talk [with the government]. If they agree, then there’s no problem. If not, then they will be charged,”he said. “The two companies said they were willing to negotiate. That should be OK.”

Duterte also stated that the government would not pay the huge amounts awarded by the Permanent Court of Arbitration in Singapore to Manila Water and Maynilad. The justice secretary said these two provisions were the reasons why the Singapore-based arbitration court recently directed the Philippine government to pay P7.4 billion to Manila Water “as compensation for losses or damages.”The losses arose from the company’s inability to raise water rates by P5.85 per cubic meter between 2013 and 2017.

Despite the forgone revenues of Manila Water and Maynilad as a result of the higher rates that the government rejected for the rate-rebasing for 2013-2017, both companies remain highly profitable.Manila Water’s biggest shareholder is Ayala Corp. while Maynilad is largely owned by Metro Pacific Investments Corp. and DMCI Holdings.

Ano ba talaga kuya? Bakit pabago bago ang kilos ninyo?

Lumalambot na, mukhang me makukukuha na sila

E divertionary lang yung rant niya. Ang issue ay yung power grid na kayang ikontrol ng china. Tapos biglang divert. Ngayon bawi na. Pakaingat sa gawaing ganito ng mga dutertae and company.

Dahil alam nyo lalabanan kayo ng mga giant corporations, nagbago tono nyo...

Hindi yan ang sinabi ni Digong.

Double talk!

Bobo kasi ang OSG niyo kaya natalo kayo sa kaso. This revisit of agreement is only an excuse to divert DU30's failure to win the case. In the meantime dedma sila sa mga natalong kaso against the marcoses.

reagan_dg Is 100% right. This signals the business world that this Philippine Government will step in to void contracts at will. Should've kept it quiet. And who gets to run the Arbitration if they disagree with their expensive China loans? The CCP.

Looking for lagay Lang nanaman yung probinsyano Mong amo, tanga!

I guess his lawyers finally convinced him of the folly and the legal weaknesses of his initial rants and empty threats.

how could you remove Sal, w/o rescinding? hindi naman pwede pa tingi tingi, ano yan “tawas” wala talagang aasahan sa inyo maipaglaban ang kapakanan ng sambayanang Pilipino. Meron pa kayong nalalaman na “oligarchy” pulos kayo “drawing”

Damaging bursts, mental breakdown!

Haha! Probably realized it was his patrons that are going to get whacked! NaDuterte AttyTablaTalo

Then try to renegotiate in good faith instead of threatening to unilaterally terminate the contract. Such misplaced bravado will only scare investors away. Also, such an actuation can be ground for aribtration again. Does the current admin want to lose another arbit case?

Department of Clarification r2rivs

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