Tag: water rate

Manila Water wins case vs PHL gov’t in int’l tribunal in Singapore; PHL gov’t directed to pay P7.39 billion

(Eagle News) — Manila Water said it would work towards enforcing an award for P7.39 billion it had secured from a Singapore-based tribunal against the Philippine government for losses it had incurred for a water rate hike that the government denied in 2015. “The Tribunal ordered the Republic to indemnify Manila Water the amount of ₱7,390,000,000 representing the actual losses it suffered from 1 June 2015 until 22 November 2019,” stated the Ayala-owned water concessionaire […]