ARTICLE SERVICES            Reprint this article     Print this article       Send as an e-mail     Send Feedback       Comment on this article on our Vox Populi blog   (UPDATE 2) Q2 growth slows to 4.6% Gov't revises down Q1 GDP growth to 4.7% (UPDATE) Central bank hikes interest rates by 25 bps (UPDATE) PSE to extend trading by two hours in 2009 Mining investments reach over $200 million in Q2 Oil rises for fourth day to above $119 on storm fears Bread prices to increase as local millers hike flour price (UPDATE) Oil nears $119, euro rallies on ECB talk ASEAN concludes Australia, New Zealand free trade pact (UPDATE) Shares close 0.3 percent higher More Stories » Business Teach your tweens about money Stock market seen taking a beating in 4th quarter Pay yourself first: Does it really work? Feng shui invades the web (UPDATE 2) Q2 growth slows to 4.6% Enforcement of child labor laws weak -- US study Gov’t paid P406.8B in debts in first 7 months Gov’t releases P12B to rice farmers Korean firm banned for rigging gov’t project Legacy Group banks hold big chunk of rural bank deposits Business Peso rebounds against dollar Stock market seen taking a beating in 4th quarter (UPDATE 2) Q2 growth slows to 4.6% Dollar slips against euro, oil Jollibee expects to complete China deal in October (UPDATE) Central bank hikes interest rates by 25 bps Gov’t paid P406.8B in debts in first 7 months (UPDATE) PSE to extend trading by two hours in 2009 US, Europe, Japan planned dollar rescue -- Nikkei (UPDATE) Oil nears $119, euro rallies on ECB talk Feng shui invades the web One world   Business Most Read RSS Hottest Tags Stock Activity Company Information WHAT'S THIS?                 More >>

MANILA, Philippines -- Manila Water Co. Inc. said Thursday it won a $15-million water supply development and management contract in Ho Chi Minh City.

The five-year contract issued by Saigon Water Corp. is Manila Water's first project in Vietnam, the company said in a statement.

"Under this World Bank-funded project, Manila Water will perform construction works as well as leakage reduction and district metering area management service to reduce Ho Chi Minh's non-revenue water," it said.

Manila Water, the concessionaire for the east zone of Metro Manila, is a unit of conglomerate Ayala Corp. and partly owned by Mitsubishi Corp.

Manila Water had earlier reported it was vying for projects in Hong Kong, Vietnam, India and China.

Shares in Manila Water closed down 4.1 percent to P17.50 ahead of the announcement.

Ayala Corp. fell 1.0 percent to P255.00.

($1 = P45.50)

SHARE THIS ARTICLE:

Digg this story

Blink List

Blink Bits

add to my del.icio.us

Reddit

Yahoo MyWeb

• (UPDATE 2) Q2 growth slows to 4.6%
• Gov't revises down Q1 GDP growth to 4.7%
• (UPDATE) Central bank hikes interest rates by 25 bps
• (UPDATE) PSE to extend trading by two hours in 2009
• Mining investments reach over $200 million in Q2
• Oil rises for fourth day to above $119 on storm fears
• Bread prices to increase as local millers hike flour price
• (UPDATE) Oil nears $119, euro rallies on ECB talk
• ASEAN concludes Australia, New Zealand free trade pact
• (UPDATE) Shares close 0.3 percent higher
• Asian bond spreads stay flat ahead of new issuance
• Asian units mostly firmer, Thai baht hurt by politics
• August inflation seen at 11.8-12.6%
• Euro rises further in Asia
• ASEAN, China aim to finalize investment pact
• ASEAN concludes free trade deal with India -- ministers
• Dollar slips against euro, oil
• US, Europe, Japan planned dollar rescue -- Nikkei
• Enforcement of child labor laws weak -- US study
• Gov’t paid P406.8B in debts in first 7 months