Manila Water concluded 2022 with a total of P20.6 billion budget in capital expenditures (Capex), recording the third consecutive highest Capex for the company, beating 2021 performance by almost P7 billion. This reaffirms Manila Water's full commitment to providing safe, reliable, and affordable water access for Filipinos amid the economic downturns brought about by the pandemic-induced domestic inflation. In terms of expenditure, Manila Water is preparing for the onset of El Niño this year, as noted by the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa).

https://business.inquirer.net/395969/manila-water-caps-off-2022-with-record-p20-6-billion-capex

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