MANILA -- Ayala-led Manila Water Co said Wednesday it was "more than willing" to strike a "workable solution" with the Duterte government over a 7.4-billion compensation from the state.
MANILA -- Ayala-led Manila Water Co said Wednesday it was "more than willing" to strike a "workable solution" with the Duterte government over a 7.4-billion compensation from the state.
President Rodrigo Duterte said late Tuesday that the government was being "milked by billions" due to the compensation that was due to Manila Water and another P3.4 billion to Maynilad Water Services. The compensation was for losses due to denied petitions for rate increase. Before the arbitration ruling was made public, Manila Water said its chairman, Fernando Zobel de Ayala met with Finance Sec. Carlos Dominguez where he said that the company was "willing to come up with a mutually acceptable manner of implementation."
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