Economy

Solons call for suspension of water price hike in Metro Manila 

PHILSTAR

OPPOSITION lawmakers filed a joint resolution calling for the suspension of a scheduled increase in water rates in Metro Manila and surrounding areas served by two private concessionaires, citing the need to help consumers cope with inflation.  

Gabriela Party-list Rep. Arlene D. Brosas led the filing of House Joint Resolution 17, calling on both lower and upper chambers to immediately pass legislation that will defer the approved water price hikes of Maynilad Water Services, Inc. and Manila Water Services, Inc.   

The increase, approved by government regulator Metropolitan Waterworks and Sewerage System (MWSS), takes effect this month.  

The resolution was also signed by ACT Teacher’s Party-list Rep. France L. Castro and Kabataan Party-list Rep. Raoul Danniel A. Manuel. 

It cites the country’s record-high December inflation rate at 8.1%. 

“This will only exacerbate the plight of the poor families who are struggling to make ends meet,” the resolution states.  

Maynilad is the water provider for 17 cities and municipalities in the west zone of the Metropolitan Manila area, while Manila Water services 23 cities and municipalities in the east zone.  

The water service operations of MWSS was privatized in 1997. The winning concessionaires took over billions worth of government loans and a distribution system that was losing water at a rate of at least 60%. — Beatriz Marie D. Cruz 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top