Tag: Maynilad

Effective January 1, Maynilad will implement a 2.85 percent Rate Adjustment Limit (RAL) on its existing basic charge, following the recommendation of the MWSS Regulatory Office and the approval of the MWSS Board of Trustees.

Maynilad Water Services Inc.’s market debut came with a splash and a safety net. UBS AG Singapore Branch, acting as the stabilization agent for the utility’s initial public offering, snapped up a hefty 144.3 million Maynilad shares during the stabilization window after the stock slipped below its P15 IPO price.

Maynilad Water Services Inc., the country’s largest water concessionaire by customer base, has expanded its wastewater footprint in southern Metro Manila with the inauguration of the 20-million-liter-per-day (MLD) Tunasan Water Reclamation Facility (WRF) in Muntinlupa City, boosting efforts to protect Laguna de Bay and improve sewerage coverage in the West Zone.

Diversified engineering conglomerate DMCI Holdings reported a 27 percent drop in second-quarter net income to P4.0 billion from P5.5 billion a year ago, as weaker results from its coal, real estate, and construction units offset gains in other segments. 

Maynilad Water Services Inc. has completed a ₱218-million pipeline replacement project in Quezon City, marking a milestone in its efforts to modernize Metro Manila’s aging water infrastructure and improve service delivery.