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



  • 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…

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