WPN: Water concessionaires rake in billions of profits amid water crisis

        MANILA, Philippines --- Water concessionaires continue to rake in high profits amounting to billions of pesos despite being inefficient in assuring stable water supply to their consumers, a water advocacy group said on Saturday. "Corporate management of water services has been efficient in producing profits but inefficient in ensuring cheap, safe and secure water services to millions of consumers," the group Water for the People Network (WPN) said, as quoted by the research organization Ibon Foundation. The group recalled the hype to justify water privatization during the time of former President Fidel Ramos where residents were promised "tha...Keep on reading: WPN: Water concessionaires rake in billions of profits amid water crisis

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.