{"id":330784,"date":"2024-12-05T12:20:12","date_gmt":"2024-12-05T04:20:12","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330784"},"modified":"2024-12-05T12:20:12","modified_gmt":"2024-12-05T04:20:12","slug":"trade-the-news-mwc-eyes-higher-discounts-for-low-income-customers-next-year","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mwc-eyes-higher-discounts-for-low-income-customers-next-year\/","title":{"rendered":"Trade the News: MWC eyes higher discounts for low-income customers next year"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Manila Water Co.<\/td><\/tr>
Stock Code<\/strong><\/td>MWC<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 33.12<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MANILA WATER Co., Inc. (MWC), the east zone concessionaire for Metro Manila, has announced plans to provide additional support for low-income customers next year.<\/p>\n\n\n\n

\u201cManila Water\u2026 is gearing up to implement an enhanced lifeline program following consultations with the MWSS (Metropolitan Waterworks and Sewerage System),\u201d Patrick Lester N. Ty, chief regulator at MWSS Regulatory Office, said during a virtual public consultation on Tuesday.<\/p>\n\n\n\n

The application-based discount program aims to extend further support to low-income Manila Water customers, particularly to members of the Pantawid Pamilyang Pilipino Program (4Ps) whose monthly water consumption does not exceed 20 cubic meters.<\/p>\n\n\n\n

\u201cOnce this enhanced lifeline program is approved, the concessionaire will start accepting and processing applications for the program this January 2025,\u201d Mr. Ty said.<\/p>\n\n\n\n

He said that the proposed program is subject to finalization and submission to the MWSS Board of Trustees for review and approval.<\/p>\n\n\n\n

Shoebe Hazel B. Caong, group director of Manila Water\u2019s East Zone Business Operations, said that customers under the program will enjoy a discount of 60% on the first 10 cubic meters of consumption.<\/p>\n\n\n\n

Those who consume between 11 to 20 cubic meters will pay 40% less than the regular rate.<\/p>\n\n\n\n

To qualify for the program, applicants must submit a valid identification card (ID) and certification of status as a 4Ps beneficiary, government ID, fully accomplished application form, NBI clearance, and proof of billing without overdue payments for more than 60 days.<\/p>\n\n\n\n

\u201cTogether, we will ensure that this program is geared towards further safeguarding the rights of the consuming public to a continuous, sustainable, and accessible supply of safe and affordable potable water and an environmentally safe sewerage system,\u201d Mr. Ty said.<\/p>\n\n\n\n

Prior to the Enhanced Lifeline Program, Manila Water had been offering a \u201clifeline\u201d rate for low-income residential households consuming 10 cubic meters or less per month, with a minimum charge of P83.14.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330784","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330784"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330784\/revisions"}],"predecessor-version":[{"id":330786,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330784\/revisions\/330786"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}