Maynilad Water Services Inc., a joint venture between Metro Pacific Investments Corp. and DMCI Holdings Inc., will start this month the construction of a P190-million concrete water reservoir in Novaliches, Quezon City, which is expected to be completed by April 2014.
Metro Pacific-led Maynilad Water Services Inc. is studying the prospective acquisition of Calapan Ventures Inc. (CVI), owner of the waterworks system of Calapan City in Oriental Mindoro.
The group of PLDT chair Manuel V. Pangilinan continues to be unsuccessful in expanding its growing media empire abroad, but given recent developments, MVP’s camp may soon have its very own “Financial Times.”
West Zone water concessionaire Maynilad Water Services Inc. is investing P17.2 billion this year in its water and wastewater projects, almost double the capital expenditure in 2012.
The year 2012 is claimed to be one of the best years ever for the Philippine economy, with the gross domestic product expected to surpass the government’s target of 5 to 6 percent and the stock market ending the year on its 38th record high, making it the second-best performing market in Asia behind Thailand.
Manila Water Company Inc. customers will have to pay slightly higher water rates toward the end of the year as a result of loan payments in Japanese yen, which has strengthened against the peso.
Maynilad Water Services Inc. said it was currently constructing the Daang Hari booster pump station to further improve service levels in Muntinlupa and Las Piñas cities.
Maynilad Water Services Inc. installed a total of 2,423 kilometers of new pipes since 2007, effectively expanding its water distribution network in the West Zone to 6,998 kilometers by the first half of 2012.
West Zone concessionaire Maynilad Water Services Inc. (Maynilad) accelerated its capital spending from 2007 to June 2012, resulting in improved water services for 8.1 million customers.
Maynilad Water Services Inc. said it would spend more than P2.64 billion to improve and expand its water services in Parañaque, Muntinlupa, Las Piñas and Cavite this year.
Maynilad Water Services Inc. hopes to reach its target of double-digit increases in sales and profit as it expands its business and brings down water losses, company president and CEO Victorico P. Vargas said at the sidelines of the Water Loss 2012 conference.
Maynilad Water Services Inc. said a big chunk of its P8.4-billion capital expenditure (capex) budget for 2012 would be used to fund sewerage and sanitation services, and system upgrades.
