The President reiterated his advice to the two water firms to accept the new distribution agreement or risk a takeover of their businesses. Duterte then assured the public that he would correct all onerous contracts until the day he steps down in 2022. Malacañang had said the government was targeting the completion of the new water contracts in three to six months. ‘Yung business taxes hindi ipa-pass on sa consumers. “Number 2, hindi na pagbabawalan ang gobyerno to stop any water rate hike…’Yung regulatory function ng government will necessarily continue (Number 2, the government is no longer prohibited to stop any water rate hike.

Source: Manila Times January 11, 2020 06:22 UTC