First Pacific’s Water Unit Reviews Spending Amid Impasse
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First Pacific Co. and Marubeni Corp.’s water venture in the Philippines will review spending after the regulator put a constraint on the prices it can charge.
Their company, Maynilad Water Services Inc., will review capital expenditure for 2016 and 2017 after the Metropolitan Waterworks & Sewerage System said it couldn’t include corporate income taxes in charges to customers, said Chief Financial Officer Randolph Estrellado.