Connect with us

Hi, what are you looking for?

BREAKING NEWS

Manila Water unit inks P393-M loan to fund projects

A UNIT of Manila Water Co., Inc. serving Samar province has signed a P393-million term loan facility with Bank of the Philippine Islands to partly fund its capital expenditure (capex) requirements.

Calbayog Water Co., Inc. executed the agreement with the local bank through its wholly owned unit Manila Water Philippine Ventures, Inc. and its partner Tubig Pilipinas Group, Inc.

“The loan will be used to partially finance Calbayog Water’s capital expenditure projects,” Manila Water said in a regulatory filing on Wednesday.

The company gave no further details on the specifics of the deal.

Calbayog Water is in charge of developing, operating, improving and maintaining water supply and wastewater facilities within its service area in the Calbayog City Water District in Samar.

Earlier this month, Manila Water said it was investing P8 billion to supply water in bulk to the provincial government of Pangasinan.

The project, which will be undertaken by Manila Water and Manila Water Philippine Ventures, expects to deliver 200 million liters daily by the last year of its contract period.

Manila Water is the exclusive provider of water and used water services to the east zone of Metro Manila and Rizal province.

Shares of Manila Water improved 3.91% or P1 to finish at P26.60 apiece on Wednesday. — Angelica Y. Yang

You May Also Like

WORLDWIDE

While not one of the most frequently talked about social networks, Twitch has a lot of users and can be a viable option...

BREAKING NEWS

Politics56 minutes ago (Feb 29, 2020 10:54PM ET) (C) Reuters. Democratic Presidential candidate Tom Steyer speaks to supporters as he announced that he is...

EDITOR'S CHOICE

Let’s Talk Liberal The decades old game show, The Price Is Right, you know the one – where men dress up as women? I’ll...

EDITOR'S CHOICE

Let’s Talk Liberal If you thought “we’re all in this together” battling COVID-19, Multnomah County, Ore., is here to set you straight. We’re not...

Disclaimer: PoliticalInvestorsDaily.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 PoliticalInvestorsDaily. All Rights Reserved.

Enter Your Information Below To Receive Latest News And Articles



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!