NON REVENUE WATER

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                    [ArticleID] => 271190
                    [Title] => Shining example of a successful privatization
                    [Summary] => Manila Water Corp. (MWC) debuted on the Philippine Stock Exchange last Friday and closed at P6.90 or 6.2 percent higher than its IPO price of P6.50.  MWC gained as much as 17 percent, registering an intraday high of P7.60, but the strong opening was met by profit-taking as the day was marked by broad-based correction in the market with the Phisix declining by 2.4 percent. A number of reasons triggered the market decline: 


1) The delay of the much-awaited VAT bill;


2) The decline in global equity prices due to the record-rise in crude oil prices; and


                    [DatePublished] => 2005-03-21 00:00:00
                    [ColumnID] => 135252
                    [Focus] => 0
                    [AuthorID] => 1357954
                    [AuthorName] => Ignacio B. Gimenez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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Shining example of a successful privatization

By Ignacio B. Gimenez | March 21, 2005 - 12:00am

Manila Water Corp. (MWC) debuted on the Philippine Stock Exchange last Friday and closed at P6.90 or 6.2 percent higher than its IPO price of P6.50. MWC gained as much as 17 percent, registering an intraday high...

Business