Published April 28, 2021, 2:45 PM
Justice Secretary Menardo I. Guevarra
The government and Maynilad Water Services, Inc. (Maynilad Water) have not started their talks on the new water concession agreement (CA), Justice Secretary Menardo I. Guevarra said on Wednesday, April 28.
Guevarra said the government panel has sent a revised copy of the CA to Maynilad Water and “I understand that Maynilad has referred the said CA to its principals and is presently awaiting their comments.”
“Thereafter, the two sides will come together and commence their discussions,” he said.
Maynilad Water and Manila Water Company, Inc. are the two water concessionaries in Metro Manila and some nearly provinces.
Gov t, Maynilad Water set to meet
May 3 on new concession agreement – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
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Metro Manila (CNN Philippines, January 18) The Development Bank of the Philippines did not give the Lopez Group of Companies a free pass from its soured ₱1.6 billion loans in the early 2000s.
Dumper PTDA Party-list Rep. Claudine Diana Bautista, who asked for the House inquiry, said the write-off cost the Filipino people s money.
However, the state-owned bank denied writing off the unpaid loans of the Lopez family for its current and former subsidiaries Benpres Holdings, Bayan Telecommunications, Maynilad Water, and Central CATV (also known as SkyCable) when it sold these debts in an asset sale in 2006.
DBP President Emmanuel Herbosa said the non-performing debts – or those which are behind amortizations for over 180 days – were sold to Lehman Brothers Asia Limited on October 16, 2006, which comes years after the 1997 Asia Financial Crisis and precedes the Global Financial Crisis from 2007 to 2009.
Published January 18, 2021, 1:25 PM
The House Committee on Good Government and Public Accountability on Monday asked the Development Bank of the Philippines (DPB) and the Lopez Group of companies to submit within one month the copies of loan agreements and all relevant documents regarding the alleged condonation or write-off.
(MANILA BULLETIN FILE PHOTO)
The House panel, chaired by DIWA partylist Rep. Michael Edgar Aglipay, gave in to the request of DUMPTER PTDA partylist Rep. Claudine Diana Bautista to ask the concerned camps to submit all the relevant documents, including a copy of the corporate rehabilitation plan.
“I manifest that we can request a position paper or any document coming from SPV (Special Purpose Vehicle) Group and we can study their documents for the next hearing regarding this matter and also the contracts with the DBP covering the loans of Lopez Group,” Bautista said.