Maynilad signs 26-year deal with govt

/* custom css */
.td_uid_51_60a49ca7746f9_rand { min-height: 0; }

/* custom css */
.td_uid_52_60a49ca77488e_rand { min-height: 0; }
/* inline tdc_css att */ .td_uid_52_60a49ca77488e_rand{
margin-bottom:0px !important;
padding-top:0px !important;
} .td_uid_52_60a49ca77488e_rand .td_block_wrap{ text-align:left }

/* custom css */
.td_uid_53_60a49ca774a56_rand { vertical-align: baseline; }
/* inline tdc_css att */ /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_53_60a49ca774a56_rand{
margin-top:20px !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_53_60a49ca774a56_rand{
margin-top:15px !important;
}
} /* phone */
@media (max-width: 767px)
{
.td_uid_53_60a49ca774a56_rand{
margin-top:10px !important;
}
}

/* inline tdc_css att */ .td_uid_54_60a49ca774c62_rand{
margin-bottom:10px !important;
} /* desktop */ @media(min-width: 1141px) { .td_uid_54_60a49ca774c62_rand { display:inline-block !important;
} } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_54_60a49ca774c62_rand{
display:inline-block !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_54_60a49ca774c62_rand{
display:inline-block !important;
}
} /* phone */
@media (max-width: 767px)
{
.td_uid_54_60a49ca774c62_rand{
display:inline-block !important;
}
}

/* custom css */
.td_uid_54_60a49ca774c62_rand .tdb-entry-category { padding: 0px; } .td_uid_54_60a49ca774c62_rand .tdb-entry-category { margin: 0px; } .td_uid_54_60a49ca774c62_rand .tdb-cat-bg { border-width: 0px; } .td_uid_54_60a49ca774c62_rand .tdb-entry-category { color: #999999 !important; } .td_uid_54_60a49ca774c62_rand .tdb-cat-bg { background-color: rgba(0,0,0,0) !important; } .td_uid_54_60a49ca774c62_rand .tdb-entry-category:hover { color: #c3251d !important; } .td_uid_54_60a49ca774c62_rand .tdb-cat-sep { font-size: 14px; } .td_uid_54_60a49ca774c62_rand .tdb-cat-sep { margin: 0 10px; } .td_uid_54_60a49ca774c62_rand .tdb-cat-sep { color: #999999; } .td_uid_54_60a49ca774c62_rand .tdb-cat-text { margin-right: 10px; } .td-theme-wrap .td_uid_54_60a49ca774c62_rand { text-align: left; } .td_uid_54_60a49ca774c62_rand .tdb-entry-category { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:16px !important;line-height:1 !important; } /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
.td_uid_54_60a49ca774c62_rand .tdb-entry-category { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:12px !important;line-height:1 !important; }
} /* phone */
@media (max-width: 767px){
.td_uid_54_60a49ca774c62_rand .tdb-entry-category { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:14px !important;line-height:1 !important; }
}

/* inline tdc_css att */ .td_uid_56_60a49ca775432_rand{
margin-top:0px !important;
padding-top:0px !important;
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@media (max-width: 767px)
{
.td_uid_56_60a49ca775432_rand{
padding-top:6px !important;
}
}

/* custom css */
.td_uid_56_60a49ca775432_rand .tdb-title-line:after { height: 2px; } .td_uid_56_60a49ca775432_rand .tdb-title-line { height: 50px; } .td_uid_56_60a49ca775432_rand .tdb-title-line:after { bottom: 40%; } .td-theme-wrap .td_uid_56_60a49ca775432_rand { text-align: left; } .td_uid_56_60a49ca775432_rand .tdb-first-letter { left: -0.36em; right: auto; } .td_uid_56_60a49ca775432_rand .tdb-title-text { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:40px !important;line-height:1.1 !important;font-weight:600 !important; } /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
.td_uid_56_60a49ca775432_rand .tdb-title-text { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:32px !important;line-height:1.1 !important;font-weight:600 !important; }
} /* phone */
@media (max-width: 767px){
.td_uid_56_60a49ca775432_rand .tdb-title-text { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:24px !important;line-height:1.1 !important;font-weight:600 !important; }
}

/* custom css */
@media (min-width: 768px) { .td_uid_57_60a49ca775800_rand { margin-left: -0px; margin-right: -0px; } .td_uid_57_60a49ca775800_rand .vc_column_inner { padding-left: 0px; padding-right: 0px; } } .td_uid_57_60a49ca775800_rand { position: relative !important; top: 0; transform: none; -webkit-transform: none; }

/* custom css */
.td_uid_58_60a49ca7758e6_rand { vertical-align: baseline; }
/* inline tdc_css att */ .td_uid_58_60a49ca7758e6_rand{
padding-top:5px !important;
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_58_60a49ca7758e6_rand{
width:55% !important;
}
}

/* custom css */
.td_uid_62_60a49ca7768b0_rand { vertical-align: baseline; }
/* inline tdc_css att */ .td_uid_62_60a49ca7768b0_rand{
margin-bottom:0px !important;
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_62_60a49ca7768b0_rand{
width:45% !important;
}
}
/* custom css */
@media (min-width: 768px) { .td_uid_64_60a49ca776ec9_rand { margin-left: -0px; margin-right: -0px; } .td_uid_64_60a49ca776ec9_rand .vc_column { padding-left: 0px; padding-right: 0px; } } .td_uid_64_60a49ca776ec9_rand { min-height: 0; } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px){
@media (min-width: 768px) { .td_uid_64_60a49ca776ec9_rand { margin-left: -15px; margin-right: -15px; } .td_uid_64_60a49ca776ec9_rand .vc_column { padding-left: 15px; padding-right: 15px; } }
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
@media (min-width: 768px) { .td_uid_64_60a49ca776ec9_rand { margin-left: -10px; margin-right: -10px; } .td_uid_64_60a49ca776ec9_rand .vc_column { padding-left: 10px; padding-right: 10px; } }
}
/* inline tdc_css att */ /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_64_60a49ca776ec9_rand{
margin-right:5px !important;
margin-left:5px !important;
}
}

/* custom css */
.td_uid_65_60a49ca7770ef_rand { vertical-align: baseline; }
/* inline tdc_css att */ .td_uid_65_60a49ca7770ef_rand{
width:calc(100% – 340px) !important;
} /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_65_60a49ca7770ef_rand{
width:calc(100% – 280px) !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_65_60a49ca7770ef_rand{
width:calc(100% – 220px) !important;
}
} /* phone */
@media (max-width: 767px)
{
.td_uid_65_60a49ca7770ef_rand{
width:100% !important;
}
}

/* custom css */
@media (min-width: 768px) { .td_uid_66_60a49ca77723b_rand { margin-left: -20px; margin-right: -20px; } .td_uid_66_60a49ca77723b_rand .vc_column_inner { padding-left: 20px; padding-right: 20px; } } .td_uid_66_60a49ca77723b_rand { position: relative !important; top: 0; transform: none; -webkit-transform: none; } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px){
@media (min-width: 768px) { .td_uid_66_60a49ca77723b_rand { margin-left: -10px; margin-right: -10px; } .td_uid_66_60a49ca77723b_rand .vc_column_inner { padding-left: 10px; padding-right: 10px; } }
}

/* custom css */
.td_uid_67_60a49ca7773bf_rand { vertical-align: baseline; }
/* inline tdc_css att */ .td_uid_67_60a49ca7773bf_rand{
width:240px !important;
} /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_67_60a49ca7773bf_rand{
width:220px !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_67_60a49ca7773bf_rand{
display:none !important;
}
} /* phone */
@media (max-width: 767px)
{
.td_uid_67_60a49ca7773bf_rand{
display:none !important;
}
}

/* inline tdc_css att */ .td_uid_68_60a49ca777506_rand{
margin-top:60px !important;
margin-bottom:0px !important;
padding-top:0px !important;
padding-bottom:0px !important;
}
/* inline tdc_css att */ .td_uid_69_60a49ca777658_rand{
margin-top:20px !important;
margin-bottom:0px !important;
padding-bottom:0px !important;
} /* phone */
@media (max-width: 767px)
{
.td_uid_69_60a49ca777658_rand{
margin-top:-50px !important;
margin-bottom:10px !important;
}
}

/* custom css */
.td_uid_69_60a49ca777658_rand .td-post-sharing, .td_uid_69_60a49ca777658_rand .tdb-share-classic { text-align: center; }

/* inline tdc_css att */ .td_uid_70_60a49ca778804_rand{
margin-top:20px !important;
margin-bottom:-15px !important;
} /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_70_60a49ca778804_rand{
margin-top:20px !important;
}
}

/* custom css */
.td_uid_70_60a49ca778804_rand .td-block-title a, .td_uid_70_60a49ca778804_rand .td-block-title span { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:26px !important;font-weight:600 !important; } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px){
.td_uid_70_60a49ca778804_rand .td-block-title a, .td_uid_70_60a49ca778804_rand .td-block-title span { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:22px !important;font-weight:600 !important; }
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
.td_uid_70_60a49ca778804_rand .td-block-title a, .td_uid_70_60a49ca778804_rand .td-block-title span { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:20px !important;font-weight:600 !important; }
} /* phone */
@media (max-width: 767px){
.td_uid_70_60a49ca778804_rand .td-block-title a, .td_uid_70_60a49ca778804_rand .td-block-title span { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:22px !important;font-weight:600 !important; }
}

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/* inline tdc_css att */ .td_uid_71_60a49ca778bbb_rand{
margin-bottom:30px !important;
padding-top:20px !important;
padding-right:20px !important;
padding-bottom:20px !important;
padding-left:20px !important;
border-color:#000000 !important;
border-style:solid !important;
border-width: 8px 1px 1px 1px !important;
} /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_71_60a49ca778bbb_rand{
margin-bottom:24px !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_71_60a49ca778bbb_rand{
margin-bottom:20px !important;
padding-top:10px !important;
padding-right:10px !important;
padding-bottom:10px !important;
padding-left:10px !important;
}
}

/* custom css */
.td_uid_71_60a49ca778bbb_rand .td_module_wrap { width: 100%; float: left; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) { margin-bottom: 0; padding-bottom: 0; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) .td-module-container:before { display: none; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-left: 20px; padding-right: 20px; } .td_uid_71_60a49ca778bbb_rand .td_block_inner { margin-left: -20px; margin-right: -20px; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px; margin-bottom: 13px; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { bottom: -13px; } .td_uid_71_60a49ca778bbb_rand .td-module-container { border-color: #eaeaea; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { border-width: 0 0 1px 0; border-style: solid; border-color: #eaeaea; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { border-color: #c3251d; } .td_uid_71_60a49ca778bbb_rand .entry-thumb { background-position: center 50%; } .td_uid_71_60a49ca778bbb_rand .td-module-meta-info-bottom { padding: 0px; } .td_uid_71_60a49ca778bbb_rand .td-module-meta-info { border-color: #eaeaea; } .td_uid_71_60a49ca778bbb_rand .entry-title { margin: 8px 0 0; } .td_uid_71_60a49ca778bbb_rand .td-excerpt { display: none; } .td_uid_71_60a49ca778bbb_rand .td-excerpt { margin: 8px 0 0; } .td_uid_71_60a49ca778bbb_rand .td-audio-player { display: block; } .td_uid_71_60a49ca778bbb_rand .td-audio-player { font-size: 13px; } .td_uid_71_60a49ca778bbb_rand .td-post-category { display: none; } .td_uid_71_60a49ca778bbb_rand .td-post-category { margin: 2px 6px 0 0; } .td_uid_71_60a49ca778bbb_rand .td-post-category { padding: 0 6px 0 0; } .td_uid_71_60a49ca778bbb_rand .td-post-category { border-width: 0 1px 0 0; border-style: solid; border-color: #000; } .td_uid_71_60a49ca778bbb_rand .td-post-author-name { display: none; } .td_uid_71_60a49ca778bbb_rand .td-author-photo .avatar { width: 20px; height: 20px; } .td_uid_71_60a49ca778bbb_rand .td-author-photo .avatar { margin-right: 6px; } .td_uid_71_60a49ca778bbb_rand .td-author-photo .avatar { border-radius: 50%; } .td_uid_71_60a49ca778bbb_rand .td-post-date, .td_uid_71_60a49ca778bbb_rand .td-post-author-name span { display: none; } .td_uid_71_60a49ca778bbb_rand .entry-review-stars { display: inline-block; } .td_uid_71_60a49ca778bbb_rand .td-module-comments { display: none; } .td_uid_71_60a49ca778bbb_rand .td-read-more { display: none; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:hover .td-module-title a { color: #c3251d !important; } .td_uid_71_60a49ca778bbb_rand .td-post-category { background-color: rgba(0,0,0,0); } .td_uid_71_60a49ca778bbb_rand .td-post-category { color: #666666; } .td_uid_71_60a49ca778bbb_rand .td-post-category:hover { color: #000000; } .td_uid_71_60a49ca778bbb_rand .td-post-category { border-color: #aaaaaa; } .td_uid_71_60a49ca778bbb_rand .td-post-author-name a { color: #666666; } .td_uid_71_60a49ca778bbb_rand .td-post-author-name:hover a { color: #000000; } .td_uid_71_60a49ca778bbb_rand .entry-title { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:19px !important;line-height:1.25 !important;font-weight:500 !important; } .td_uid_71_60a49ca778bbb_rand .td-post-category { font-weight:400 !important; } .td_uid_71_60a49ca778bbb_rand .td-editor-date, .td_uid_71_60a49ca778bbb_rand .td-editor-date .td-post-author-name, .td_uid_71_60a49ca778bbb_rand .td-module-comments a { font-size:14px !important;font-weight:400 !important; } .td_uid_71_60a49ca778bbb_rand .td_block_inner { display: flex; flex-wrap: wrap; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { display: flex; } .td_uid_71_60a49ca778bbb_rand .td-module-container { flex-grow: 1; } .td_uid_71_60a49ca778bbb_rand .td-image-container { flex: 0 0 0; } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px){
.td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px !important; margin-bottom: 13px !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) { margin-bottom: 0 !important; padding-bottom: 0 !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap .td-module-container:before { display: block !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) .td-module-container:before { display: none !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px; margin-bottom: 13px; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { bottom: -13px; } .td_uid_71_60a49ca778bbb_rand .entry-title { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:14px !important;line-height:1.25 !important;font-weight:500 !important; }
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
.td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px !important; margin-bottom: 13px !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) { margin-bottom: 0 !important; padding-bottom: 0 !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap .td-module-container:before { display: block !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) .td-module-container:before { display: none !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px; margin-bottom: 13px; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { bottom: -13px; } .td_uid_71_60a49ca778bbb_rand .entry-title { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:12px !important;line-height:1.25 !important;font-weight:500 !important; }
} /* phone */
@media (max-width: 767px){
.td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px !important; margin-bottom: 13px !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) { margin-bottom: 0 !important; padding-bottom: 0 !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap .td-module-container:before { display: block !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap:nth-last-child(1) .td-module-container:before { display: none !important; } .td_uid_71_60a49ca778bbb_rand .td_module_wrap { padding-bottom: 13px; margin-bottom: 13px; } .td_uid_71_60a49ca778bbb_rand .td-module-container:before { bottom: -13px; } .td_uid_71_60a49ca778bbb_rand .entry-title { font-family:Baskerville, “Times New Roman”, Times, serif !important;font-size:18px !important;line-height:1.25 !important;font-weight:500 !important; }
}

/* custom css */
.td_uid_72_60a49ca784bf0_rand { vertical-align: baseline; }
/* inline tdc_css att */ .td_uid_72_60a49ca784bf0_rand{
width:calc(100% – 280px) !important;
} /* landscape */
@media (min-width: 1019px) and (max-width: 1140px)
{
.td_uid_72_60a49ca784bf0_rand{
width:calc(100% – 220px) !important;
}
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px)
{
.td_uid_72_60a49ca784bf0_rand{
width:100% !important;
}
} /* phone */
@media (max-width: 767px)
{
.td_uid_72_60a49ca784bf0_rand{
width:100% !important;
}
}

/* inline tdc_css att */ .td_uid_73_60a49ca784e71_rand{
margin-top:0px !important;
}

/* custom css */
@import url(“https://fonts.googleapis.com/css?family=PT Serif”);
.td_uid_73_60a49ca784e71_rand, .td_uid_73_60a49ca784e71_rand > p { font-family:PT Serif !important;font-size:16px !important; } .td_uid_73_60a49ca784e71_rand li { line-height:1.8 !important; } .td_uid_73_60a49ca784e71_rand li:before { margin-top: 1px; line-height: 27px !important; } .td_uid_73_60a49ca784e71_rand blockquote p { color: #266fef; } .td_uid_73_60a49ca784e71_rand a { color: #0072bc; } .td_uid_73_60a49ca784e71_rand a:hover { color: #c3251d; } /* landscape */
@media (min-width: 1019px) and (max-width: 1140px){
.td_uid_73_60a49ca784e71_rand, .td_uid_73_60a49ca784e71_rand > p { font-family:PT Serif !important;font-size:15px !important; }
} /* portrait */
@media (min-width: 768px) and (max-width: 1018px){
.td_uid_73_60a49ca784e71_rand, .td_uid_73_60a49ca784e71_rand > p { font-family:PT Serif !important;font-size:15px !important; }
} /* phone */
@media (max-width: 767px){
.td_uid_73_60a49ca784e71_rand img.aligncenter, .td_uid_73_60a49ca784e71_rand .aligncenter img { margin-left: -50px; width: calc(100% + (2 * 50px)); max-width: none !important; } .td_uid_73_60a49ca784e71_rand, .td_uid_73_60a49ca784e71_rand > p { font-family:PT Serif !important;font-size:15px !important; }
}

MAYNILAD Water Services, Inc. has signed a revised 26-year concession agreement with the government that includes a freeze in tariff until Dec. 31, 2021, its parent firm Metro Pacific Investments Corp. (MPIC) said on Wednesday.

In a disclosure, MPIC outlined the pertinent points of the accord signed between the Metropolitan Waterworks and Sewerage System (MWSS) and Maynilad that will take effect from the time it complies with all the conditions set in the deal until July 31, 2037.

Maynilad said it has six months to comply with the “precedent” terms of the deal.

Under a tariff freeze, Maynilad will no longer be allowed to recover corporate income taxes and the foreign currency differential adjustment (FCDA) will be scrapped.

The agreement has set the annual inflation factor to 2/3 of the consumer price index, as well as capped water and sewerage services to 1.3x and 1.5x, respectively, of the previous standard rate.

Instead of the market-driven appropriate discount rate, Maynilad is now limited to a 12 percent fixed nominal discount rate.

The Letter of Undertaking of the Republic is retained but shall cover only those loans and contracts that are existing as of the signing of the revised concession agreement.

Also, the rate rebasing mechanism, as stipulated in the original agreement, is retained.

“A copy of the RCA will be made available on Maynilad’s website, in the interest of transparency and for the information of all the relevant stakeholders,” said MPIC.

The principal stakeholders of Maynilad are MPIC (52.8 percent); DMCI Holdings, Inc. (25.24 percent); and Japan’s Marubeni Corp. (20 percent).

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