Water firms dared to have their books of accounts audited
By Charlie V. Manalo 11/28/2011A party-list solon yesterday dared two Metro Manila water concessionaires to emulate the example of the country’s leading oil firms that recently volunteered to have their books of accounts audited to show publicly that their profits are well within the limits of decency and fairness in trade.
Bagong Henerasyon Rep. Bernadette Herrera-Dy aired this challenge to the Manila Water Co. Inc. (MWCI) and the Maynilad Water Services Inc. (MWSI) which she accused of imposing excessive water rates through the help of the state-run Metropolitan Waterworks and Sewerage System (MWSS).
“If the oil companies can do it, I don’t see any reason why the two MWSS water concessionaires can’t. It’s just a matter of showing that they have nothing to hide and that their dealings are fair and their businesses conducted within the bounds of reason and decency,” Herrera-Dy said..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/metro/20111128met1.html
1 comment
tama! dapat na ma.audit ang mga dilaw.favored na mga kumpanyang ito. dati sa panahon ni erap ang mura.mura ng tubig tapos ngayon nasa triple o higit pa ang halaga.
"“If the oil companies can do it, I don’t see any reason why the two MWSS water concessionaires can’t. It’s just a matter of showing that they have nothing to hide and that their dealings are fair and their businesses conducted within the bounds of reason and decency,” Herrera-Dy said...
"Herrera-Dy said audit examination should be conducted in the imposition of excessive water rates and “illegal, excessive extravagant and unconscionable” public expenditures and use of government property.”"
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