THE international tribunal in Singapore has ruled that Maynilad Water Services Inc. has the right to collect P3.424 billion in revenue losses against the Philippine government for the delay in implementing water rate adjustments.

In a disclosure to the Philippine Stock Exchange, investment holding company Metro Pacific Investments Corp. said the arbitral tribunal “ordered the Philippine government to repay Maynilad P3,424,690,000 for losses from March 11, 2015 to August 31, 2016, without impairing Maynilad’s right to seek recourse against Metropolitan Waterworks and Sewerage System (MWSS) for losses between January 1, 2013 and March 10, 2015.”

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