There is a new Maynilad at last
What a great relief to hear that the government has at last awarded the Maynilad contract to a new consortium. The winning bidder is DMCI-MPIC consortium. Metro Pacific Investment Corp (MPIC) is the majority shareholder of PLDT. The other and losing bidder is Ayala's Manila Water.
The previous owner of Maynilad is the Lopez Family, owner of ABS-CBN and Meralco. It's so funny that they lost money in a monopoly and to think they already have experience with Meralco. Any economist will jump for joy when they own a monopoly. It's just plain simple to run such a business. The challenges faced by this company are no excuse for Lopez. Manila Water just did fine handling their end of the Metro. In fact Manila Water is now earning.
Now with the coming of Metro Pacific I hope the service improves on the west end. With a 25 billion peso price tag, these guys better manage it well!
**********************************************
Success is 1% inspiration and 99% perspiration. Never tire.
The previous owner of Maynilad is the Lopez Family, owner of ABS-CBN and Meralco. It's so funny that they lost money in a monopoly and to think they already have experience with Meralco. Any economist will jump for joy when they own a monopoly. It's just plain simple to run such a business. The challenges faced by this company are no excuse for Lopez. Manila Water just did fine handling their end of the Metro. In fact Manila Water is now earning.
Now with the coming of Metro Pacific I hope the service improves on the west end. With a 25 billion peso price tag, these guys better manage it well!
**********************************************
Success is 1% inspiration and 99% perspiration. Never tire.
Labels: Business
posted by Arsiph at
6:18 PM
2 Comments:
You might have heard from news that there are several places that still do not have water. The reason is not because of Maynilad's incompetencies. The reason is political movement from the water deliveries that earn lump sums of money in doing business in these areas without water from Maynilad. These delivery companies are putting pressure from politicians to not have Maynilad setup its waterpipes in these waterless areas.
By
Anonymous, At
Tue Dec 12, 07:46:00 AM
Thanks for your input.
I'd say this is more conspiracy theory than actual fact. The same political pressure may also come from Manila Water's end but still they were able to achieve good progress in terms of providing water services.
By
Arsiph, At
Tue Dec 12, 08:41:00 AM
Post a Comment
Subscribe to Post Comments [Atom]
<< Home