Razon told: Enter Manila Water at your own risk

Credit to Author: Tempo Desk| Date: Mon, 10 Feb 2020 10:46:05 +0000

RAZON

Ports magnate Enrique Razon Jr. is entering at his own risk with his move to acquire control of the embattled Manila Water Co. Inc., according to Cabinet Secretary Karlo Nograles.

Despite the entry of Razon in the water firm, Nograles said the government will pursue the crafting of new water agreements after President Duterte denounced the alleged onerous contracts with Metro Manila’s two water concessionaires. The new water agreements, he insisted, must be beneficial to the nation.

“Parang enter at your own risk ‘yun eh, ‘di ba? Kasi binili niya ‘yung mga stocks – binibili mo ‘yang stocks, pumapasok na siya dito sa Manila Water, pero ang message lang naman ng administration is that: Okay pero your own risk ‘yan kasi tuloy-tuloy pa rin ‘yung inutos ni Pangulo,” he said.

“Right now, nire-review ‘yung contract at magkakaroon ng panibagong stipulations doon sa contract na ibibigay dito
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