Friday, July 5, 2013

Will the government revoke the licenses of Water Utility companies?

These two companies, Maynilad and Manila Water, would be hounded out of their concession areas if the following happened abroad:

  1. Passing the income tax payments to consumers to the tune P15.5 billion pesos![ref 1]
  2. Passing the cost of donations to consumers.[Ref 2]
  3. Other charges reportedly charge to consumers as part of basic charge:
    Travel expenses, advertisements, training expenses and office equipment [Ref 2]
It is clear that these two concessionaires have enriched themselves illegally at the expense of the Philippine Republic. It is high time that their profits be taken away from them, officers banned from travel abroad and guilty parties, including MWSS personnel charged, and imprisoned.We suggest that the licenses of both companies be revoked. Let us see what president Aquino, he of Daang Matuwid promise, can do with these recent developments.

In reaction to this, a church worker said (with permission) ANG KAPAL NG MUKS NG MAYNILAD AT MANILA WATER - GRABE!!!

It was discovered by the MWSS Regulatory Office's extensive audit of the two concessionaires, that Maynilad (owned and run by the Lopez' Group of Companies) and Manila Water (owned by the Ayalas) passed on to their customers (that's us, the consuming public) their corporate income tax.

Not yet contented with this irregularity and unscrupulous business activity, Maynilad and Manila Water still passed on to their customers their Donations, Advertisements, Travel Expenses, and Representation Allowance(s). This kind of business operations is unconscionable - it is unjust, oppressive and exploitative!!!




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