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MPIC SEC Filing and Clarification by BusinessWorld is a document available to read on EtoBox.

What is MPIC SEC Filing and Clarification about?

Metro Pacific Investments Corporation submitted an SEC Form 17-C to disclose that its subsidiary, Maynilad Water Services, Inc., lowered its five-year capital expenditure budget from an original PHP78 billion to PHP67 billion. This revised budget was part of concessions Maynilad made in an arbitration case with the Metropolitan Waterworks and Sewerage System over water rate hikes. The arbitration panel ultimately sided with Maynilad. Maynilad also confirmed the details reported in a BusinessWorld article on

Author

BusinessWorld

Language

EN