Maynilad says weak peso will 'impact' on tariff hike

ABS-CBN News

Posted at Jun 14 2018 04:32 PM

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MANILA - Maynilad Water Services on Thursday said a weak peso would "impact" a potential tariff increase since the local unit's slide would pad borrowing costs.

The water distributor is currently in re-basing discussions with regulators and a tariff adjustment might happen before the year ends, Maynilad president and CEO Ramoncito Fernandez told ANC.

"Definitely this will increase the cost of borrowing. A part of that is compensation for all the cost related to our delivery of service. definitely the cost of borrowing will have an impact on our tariff increase," he said.