MANILA, Philippines — Water concessionaires Maynilad Water Services Inc. and Manila Water Co. will cut down their water bill rates in the first quarter of 2021.
This is after the Metropolitan Waterworks and Sewerage System (MWSS) approved a quarterly adjustment for the water distribution utilities.
In a Facebook post on Wednesday, the MWSS Regulatory Office said the Board of Trustees has approved its recommendation to implement the 2021 first-quarter foreign currency differential adjustment (FCDA), effective January 1, 2021, which is based on its evaluation of FCDA proposals of the concessionaires.
https://www.facebook.com/MWSS.RO/posts/3811216828896917
The FCDA is a quarte…
Keep on reading: Maynilad, Manila Water to implement rate cuts for Q1 of 2021