Manila Water admits Duterte’s anger led to waiving of ₱7.4-B award

Ayaw po naming kalabanin ang Pangulong Rodrigo Duterte. Mabuti po ang ginagawa niya para sa taong bayan at sumusuporta po kami. Humihingi po kami ng paumanhin kung nagalit siya dahil sa arbitral ruling,” Manila Water Corporation President and CEO Jose Almendras said during a Senate hearing on the proposed creation of a water department.

[Translation: We do not want to be at odds with President Rodrigo Duterte. He’s doing what’s good for the people and we support him. We apologize if he got angry because of the arbitral ruling.]

Almendras said Manila Water did not mean to give Duterte a problem, further explaining that the case was filed in 2015, under the previous administration, and there was no way to stop the arbitral tribunal’s decision. READ MORE

TECHNICAL ANALYSIS EXPLAINED

KEY TAKEAWAYS

  • From now on is all about speculation – will the price jump or R.I.P for MWC
  • There are still values in this company as foreigners also have interest in this company
  • We are sure the MWC Management are scrambling to sort it and cool down the price from falling further
  • So you decide…

Members please do go members section and get the trade ideas of how we trade this company. Enjoy Trading!! Join our classes and see how our students makes money every week!!! JOIN US & REGISTER TODAY

FINWAZE TEAM

0 Comments

Leave a reply

Your email address will not be published.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

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?