Customers of east zone concessionaire Manila Water Company Inc. will see slightly lower water rates at the start of the third quarter of the year, as a result of foreign exchange savings.

In a disclosure to the Philippine Stock Exchange, Ayala-led Manila Water said that it will implement a downward adjustment of P0.54 per cubic meter because of the foreign currency differential adjustment (FCDA), based on the exchange rate of $1:P41.14 and 1 yen:P0.4221.

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