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                    [ArticleID] => 106457
                    [Title] => Maynilad Water wants to triple current rates
                    [Summary] => Maynilad Water Services will have to triple its current water rates to recover P2.3 billion in foreign exchange losses, or ultimately shut down because of dire financial straits.


The Lopez-owned company, led by its president Rafael Alunan, is currently pressing the Metropolitan Waterworks and Sewerage System (MWSS) to approve a currency exchange rate adjustment (CERA).


The CERA, which will allow the cash-strapped Maynilad to recover losses from foreign exchange fluctuations, is an automatic mechanism already enjoyed by other utilities.


                    [DatePublished] => 2001-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1510110
                    [AuthorName] => Matthew Estabillo
                    [SectionName] => Metro
                    [SectionUrl] => metro
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MAYNILAD CORPORATE AFFAIRS MANAGER

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                    [ArticleID] => 106457
                    [Title] => Maynilad Water wants to triple current rates
                    [Summary] => Maynilad Water Services will have to triple its current water rates to recover P2.3 billion in foreign exchange losses, or ultimately shut down because of dire financial straits.


The Lopez-owned company, led by its president Rafael Alunan, is currently pressing the Metropolitan Waterworks and Sewerage System (MWSS) to approve a currency exchange rate adjustment (CERA).


The CERA, which will allow the cash-strapped Maynilad to recover losses from foreign exchange fluctuations, is an automatic mechanism already enjoyed by other utilities.


                    [DatePublished] => 2001-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1510110
                    [AuthorName] => Matthew Estabillo
                    [SectionName] => Metro
                    [SectionUrl] => metro
                    [URL] => 
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abtest

Maynilad Water wants to triple current rates

By Matthew Estabillo | February 27, 2001 - 12:00am

Maynilad Water Services will have to triple its current water rates to recover P2.3 billion in foreign exchange losses, or ultimately shut down because of dire financial straits. The Lopez-owned company, led by...

Metro