Secretary Dominguez acknowledged our proposal to work very closely with his office to find a mutually acceptable scheme to address the award," it added.The arbitration ruling that led to Duterte slamming Metro Manila's water concessionaires stems all the way back to the '90s when the government decided to seek the private sector's help to distribute water.
The extension of the concession agreement required Manila Water to spend an additional P458 billion for water supply and wastewater requirements. "Because MWSS decided to pay our services and reimburse our costs with the water tariff that we collect, the concession agreement contains a procedure for the adjustment of water rates in accordance with the MWSS Charter," the company said.
However, Manila Water sought arbitration in 2015 after the government failed to honor its claim amounting to P79 billion from 2015 to 2017, as the latter did not allow the company to raise tariffs. The government even slashed its basic utility charge by P2.77 per cubic meter.
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:
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.
Manila Water seeks 'workable solution' with Duterte gov't on compensationButi kung kampihan p kau ng mga dilaw hahahha Workable daw hello.... may pa 'workable solution' ka pang nalalaman. just waive the arbitral award outright.
Source: ANCALERTS - 🏆 26. / 50 Read more »
Duterte to Drilon: ‘Tell the truth’ about Manila Water, Maynilad contractsPresident Duterte has asked Senator Franklin Drilon to Resign na oi...cge lng ka ingon moresign den naa pa cge tsismis! 😢😢😢 mag-debate na lang kayo. Pareho naman kayong abogado.
Source: manilabulletin - 🏆 25. / 51 Read more »
Duterte says he threw drug lord into Mountain Province ravine, Manila Bay'Baka hindi 'nyo alam may tinapon ako diyan sa Manila Bay. Baka gusto 'nyo pati kayo,' President Rodrigo Duterte tells columnists who claim his drug war has not brought down enough drug lords. BALIW! ADDICT!! Kung meron man, siguradong hindi si Peter Lim yun. 🤣 Parang yung manginginom lang sa kanto na nagkukwento 😒
Source: rapplerdotcom - 🏆 4. / 86 Read more »
ROUNDUP: News in and around Metro Manila (Dec. 2, 2019)ROUNDUP: News in and around Metro Manila (Dec. 2, 2019)
Source: manilabulletin - 🏆 25. / 51 Read more »
Medal Tally – The Manila TimesThe Manila Times is one of the leading national broadsheets in the Philippines. It is also one of the oldest, having been founded in 1898. With a diverse opinion section and comprehensive coverage of the latest stories on politics, business, sports, entertainment, lifestyle and other issues of national & global concern.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Bus trips to Bicolandia suspended over ‘Tisoy’ – The Manila TimesLEGAZPI CITY: The Office of Civil Defense (OCD) and the Land Transportation Office (LTO) ordered the temporary suspension of bus trips in Metro Manila bus terminals bound for the Bicol, Visayas and Mindanao regions as Typhoon “Tisoy” (international name: “Kamurri”) on Sunday threatened the southern part of the country.
Source: TheManilaTimes - 🏆 2. / 92 Read more »