Concession agreements with water firms are 'economic plunder' - Pres. Duterte

Concession agreements with water firms are 'economic plunder' - Pres. Duterte

No compromise!.

This was the marching orders of President Rodrigo Roa Duterte with respect to the two water concessionaires - Maynilad and Manila Water.

The President wants to talk to the people behind the highly controvertial 1997 water concession agreements.

President Rodrigo Duterte and businessmen Jaime Augusto Zobel de Ayala Manila Water) and Manuel Pangilinan(Maynilad).
(photo credit to owner)

“Kaya gusto ko silang makausap. Hindi ito maareglo hangga’t hindi ko makausap yung mga concessionaire. Gusto ko harap ang abogado ng gobyerno na p*t*ng*n*ng gumawa ng kontrata na ito,” Duterte said during a governmental function with the Philippine National Police in Malacanang.

The Chief Executive claims that the two water concessionaire have cheated the public not only billions but trillions of pesos for passing the corporate income tax payments to the consumers and for their failure to establish wastewater treatment facilities
“Trillion ‘to, sobra. The fact alone that all these years we were paying a fee para sa water treatment but it’s never came into being all these years. Then corporate income tax was passed on to the Filipino people,” Duterte said.

The Chief Executive last week threatened to pursue economic sabotage charges against the 2 water distributors as he claimed that Filipinos were being "milked by billions."

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Report from ABS-CBN News

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