CEBU CITY, Philippines – The Metropolitan Cebu Water District (MCWD) denied facing financial challenges as it grapples with threats of an organizational shakeup. In a press release, MCWD reported that its assets in 2022 amounted to a total of P5.2 billion. Of these figures, P1.2 billion happened to be cash and cash dividends, said lawyer Jose 'Joey' Daluz III, MCWD chairperson. 'Out of the P5.2 billion total assets, the total current assets amount to P2 billion, including P1.2 billion in cash and cash equivalents,' Daluz said.

https://cebudailynews.inquirer.net/506989/mcwd-allays-fears-on-financial-woes

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