Must Watch: Pres. Duterte Reveals the Onerous Contract With Water Companies that Made Him Furious

The tough-talking President of the Republic, President Rody Duterte revealed some details of the controversial contract with Maynilad and Manila Water that made him furious during a press conference attended by some members the Cabinet and the media.


Pres. Duterte stated that in the case of loses incurred by the water companies, the Philippine government is obliged to repay them aside from the fact that they already controlled the rates.



The corporate income tax of these water companies are allegedly not being paid by the companies but they passed it on with their consumers.

Any interference by the government that cause malfunction to the water companies, the Philippines will be paid by the Filipino people. The contract was signed in 1993 and it was renewed 2009 which is seven years before the duration of the contract.

Watch the Statement of Pres. Duterte Against Maynilad & Manila Water:



The President also mentioned Sen. Drilon who once told him that he cannot review the contract because it might end up into the government paying billions of pesos to Maynilad and Manila Water. The present contract will end in 2037, but President Duterte will do everything under his power to pursue a case against the water companies and craft a new contract.



The Philippine government according to the President "surrendered everything" in its water concession deals with distributors Maynilad and Water Water as he criticized the supposedly onerous contracts.

Pres. Duterte also noted that hewanted to know the lawyers who crafted the contracts as he noted that he could not stomach the supposedly unfair provisions in the deals.

"In that contract, pag mabasa mo (if you read it), our country surrendered everything to Manila Water and to Maynilad--everything, including the sovereignty," he said during a typhoon situation briefing in Legazpi City, Albay.

"Hindi ko ito masikmura...We have lost the sovereignty, we bargained it away. Gusto ko malaman sino ang mga abogado?" he added.

Source: Facebook / PNA

Must Watch: Pres. Duterte Reveals the Onerous Contract With Water Companies that Made Him Furious Must Watch: Pres. Duterte Reveals the Onerous Contract With Water Companies that Made Him Furious Reviewed by Phil Newsome on December 06, 2019 Rating: 5
Powered by Blogger.