Yet another Pandora’s 17 SHARES Share it! But privatization has almost always turn out to be a Pandora’s box, “a present which seems valuable but which in reality is a curse.”Perhaps there’s no better example of this right now than the artificial water shortage in the east concession zone supposedly serviced by Manila Water Corporation. What has happened to the mantra that companies like Manila Water were supposedly “better equipped and suited”? ***In the first 20 years of privatization, the MWSS granted generous rate hikes to Manila Water and Maynilad. And by loans, we mean the same Chinese loans that are more expensive if obtained from or granted by other countries.
Source: Manila Bulletin March 15, 2019 16:30 UTC