Advertisements


CA affirms ruling in favor of Maynilad in rate hike arbitration case

The Court of Appeals has affirmed a lower court’s decision upholding Maynilad Water Services, Inc.’s legal victory over the delayed implementation of a tariff hike......»»

Category: financeSource: philstar philstarJun 14th, 2018

CA upholds ruling in favor of Maynilad in arbitration case

HIGHER water rates may await customers of Maynilad Water Services, Inc. This comes after the Court of Appeals (CA) affirmed a lower court’s ruling upholding Maynilad’s entitlement to the inclusion of corporate income tax in its tariff and the rebasing adjustment that Maynilad had proposed for January 1, 2013 to 31 December, 2017. Maynilad parent Metro [...] The post CA upholds ruling in favor of Maynilad in arbitration case appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 14th, 2018

Resolve Maynilad rate dispute in consumers’ favor

IT is no small matter to encourage anyone to willfully disregard the law. In the case of Maynilad Water Services Inc. and its long campaign to pass its corporate tax obligations on to its customers, however, calling on regulator Metropolitan Water and Sewerage Services (MWSS) to do precisely that is a moral and patriotic imperative.… link: Resolve Maynilad rate dispute in consumers’ favor.....»»

Category: newsSource:  manilainformerRelated NewsOct 20th, 2018

Singapore court ruling in favor of Maynilad’s claim vs gov’t final

THE DECISION of the Singapore High Court to uphold the arbitral award amounting to at least P3.4 billion in favor of Maynilad Water Services, Inc. has become final after the Philippine government no longer appealed the case. In separate disclosures to the stock exchange on Wednesday, Maynilad’s major shareholders Metro Pacific Investments Corp. (MPIC) and… link: Singapore court ruling in favor of Maynilad’s claim vs gov’t final.....»»

Category: newsSource:  manilainformerRelated NewsOct 11th, 2018

Singapore court ruling in favor of Maynilad’s claim vs gov’t final

THE DECISION of the Singapore High Court to uphold the arbitral award amounting to at least P3.4 billion in favor of Maynilad Water Services, Inc. has become final after the Philippine government no longer appealed the case. The post Singapore court ruling in favor of Maynilad’s claim vs gov’t final appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 10th, 2018

Maynilad seeks provisional tariff hike

The country's largest water concessionaire Maynilad Water Services Inc. has asked the government to consider allowing a provisional water tariff increase to stagger the impact of rate adjustment needed to cover the indemnity claim already won through an arbitration process. Last September, the Regional Trial Court (RTC) in Quezon City confirmed the decision of an international arbitration panel awarding Maynilad about P3.4 billion in indemnity for the non-implementation of tariff rate increases under its concession. The government, however, is still appealing this in court. Jose Ma. Lim, president of Maynilad's parent firm Metro Pacific Investments Corp., said in a recent brief...Keep on reading: Maynilad seeks provisional tariff hike.....»»

Category: newsSource:  inquirerRelated NewsNov 21st, 2017

Ahead of ASEAN Summit, senators urge gov t to enforce West PH Sea ruling

MANILA, Philippines – Senators on Thursday, November 9, called on the Duterte administration to enforce the Permanent Court of Arbitration (PCA) ruling in favor of the Philippines, involving the historic case filed against China over the West Philippine Sea (South China Sea). Senators Paolo Benigno Aquino IV, Franklin Drilon, Francis Pangilinan, and Antonio ........»»

Category: newsSource:  rapplerRelated NewsNov 9th, 2017

Govt reviews arbitration ruling favoring Maynilad’s P3.4-B claim — Palace

MALACANANG is studying its next move after an arbitration tribunal ruled in favor of Maynilad Water Services, Inc., which has been claiming P3.4 billion from the government for losses it incurred following a delay in the implementation of its tariff scheme from 2013 to 2017, a spokesman said on Thursday. In a statement, Ernesto Abella [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 27th, 2017

Panelo on PH arbitration case vs China: Who will enforce it? 

  For now, the ruling of the Permanent Court of Arbitration in The Hague that validated the Philippines' claims on the disputed territories in the West Philippine Sea is "useless as there is no country or body on earth that can enforce" it against China. READ: Philippines wins arbitration case vs. China over South China Sea Presidential Spokesperson Salvador Panelo said this on Tuesday in response to a survey showing opposition of Filipinos on the government's inaction on China's intrusion in the disputed areas, which coincides with the two-day state visit of Chinese President Xi Jinping in the country. "The Arbitral ruling cannot be taken away from us. It will be th...Keep on reading: Panelo on PH arbitration case vs China: Who will enforce it? .....»»

Category: newsSource:  inquirerRelated NewsNov 20th, 2018

Palace confident of getting favorable ruling on coup case vs Trillanes

Malacaang is confident that the Makati Regional Trial Court (RTC) Branch 148 will rule in favor of the government on the coup d'etat case filed against Sen. Antonio Trillanes IV, presidential spokeperson Salvador Panelo said on Sunday. "As far as we're concerned, the case is strong, the evidence is strong that he did not comply with the requirements of the law in connection with getting amnesty," Panelo, speaking in a mix English and Filipino, said in a interview with AM station Radyo Inquirer. "So we are confident the ruling of the court will be favoring the government." "We have introduced evidence, and the evidence of the other side is weak," he said. "So let's just wait for...Keep on reading: Palace confident of getting favorable ruling on coup case vs Trillanes.....»»

Category: newsSource:  inquirerRelated NewsOct 21st, 2018

Palace confident of getting favorable ruling on coup case vs Trillanes

Malacaang is confident that the Makati Regional Trial Court (RTC) Branch 148 will rule in favor of the government on the coup d’etat case filed against Sen. Antonio Trillanes IV, presidential spokeperson Salvador Panelo said on Sunday. “As far as we’re concerned, the case is strong, the evidence is strong that he did not comply… link: Palace confident of getting favorable ruling on coup case vs Trillanes.....»»

Category: newsSource:  manilainformerRelated NewsOct 21st, 2018

Warriors dominance in the West shows no sign of relenting

By Shaun Powell, NBA.com We have reached the point in this Golden State Warriors’ chokehold on the Western Conference where it turns spooky: The last team out West to deny the Warriors (technically) no longer exists. Yes, the LA Clippers are still right where they’ve always been. But all other traces of May 3, 2014, when they beat the Warriors in the first round of the playoffs, have turned to dust. Chris Paul, Blake Griffin, JJ Redick, DeAndre Jordan, Jamal Crawford -- they’re all gone. Usually, it’s the loser who feels the cold repercussions and fallout of a first-round defeat in the playoffs. But what’s often lost as the Warriors run the table in the West is how they’ve shattered so many teams, schemes and dreams along the way. In hindsight, four years ago was not the beginning of “Lob City” and the Clippers. It was the beginning of their end. The wreckage left behind by the Warriors over the ensuing 53 months underlines the undeniable truth: They’ve taken ownership of their very own West Side Story. They had a record-setting 73-win regular season. They’ve won 12 straight West payoff series (and 15 of 16 playoff series overall). Only twice – the West finals in 2016 and '18 -- did they endure the indignity of needing to survive Game 7 in the West playoffs. In short, this dynasty shows no signs of dying this season. If anything, the argument can be made -- even before it’s proven as fact -- that the 2018-19 Warriors are their most talented team yet. All-Stars Kevin Durant, Stephen Curry, Draymond Green and Klay Thompson welcomed a fifth, DeMarcus Cousins, to their mix this summer. That is not typical in the NBA, folks. “This," Durant said, "is going to be an exciting season. Fun.” The Warriors’ five All-Stars (two of whom are former Kia MVPs) are still in their prime. And given that Andre Iguodala tends to transform from a fossil to an X-factor when spring arrives, perhaps only injury or another uncontrollable circumstance will keep the Warriors from making it an NBA-record five straight Western Conference crowns. “In terms of encouraging each other, being in tune with some of the things that might be thrown at you, whether it's injuries, whether it's a couple of slumps on the court, whatever the case is, we adapt really well and we don't stay down for too long,” Curry said. The Rockets, who won 65 games a season ago, are perhaps the most realistic challenger to the Warriors out West. But it's quite possible that Houston is weaker than it was in 2017-18. To understand how high the Warriors are sitting on the throne, you must survey what they’ve left behind. Just look at how the biggest threats in the West have either hit dead ends or maxed themselves out trying to chase the Warriors since 2014. Memphis Grizzlies: At one point, they were considered the toughest matchup for the Warriors because they were polar opposite in style. Half-court and methodical, the Grizzlies took a switchblade to the basketball, slowing the tempo. And they exploited Golden State’s lone weaknesses: Interior size and overall strength. They physically beat up the Warriors in the paint (Zach Randolph and Marc Gasol) and on the perimeter (Tony Allen). Additionally, Mike Conley was at times a handful at point guard at a time when Curry was winning MVP awards. But health and age wore the Grizzlies down and eventually forced them into a current reinvention that likely won’t reap benefits until after the Warriors are finished. Oklahoma City Thunder: As one of only two West teams (Houston being the other) to force the Warriors into a seventh game, OKC was prime for a takeover in 2016. That season, OKC eliminated a 67-win San Antonio Spurs team in the West semfinals. Durant and Russell Westbrook were healthy, humming and helping the Thunder to a 3-1 lead in the West finals. That, however, was their apex, and the costly collapse was heightened by the “Klay Game” (41 points in Game 6). Imagine, if not for a fateful turn of events -- Klay’s 3-point rampage, KD’s second-half Game 7 vapor and the Warriors losing the 2016 Finals to Cleveland -- maybe Durant sticks around in OKC. At any rate, the post-2016 West finals reconstruction being done by the Thunder (Exhibit A: The short-lived Carmelo Anthony experience) is falling short so far. Portland Trail Blazers: They were never seriously considered a thorn to the Warriors, and still aren’t. It’s just that they played themselves. They were fooled by the events in 2016, when they beat the injury-hampered Clippers in the first round. They were then somewhat competitive against the Warriors in the West semifinals (winning one game by 12, losing another in OT and the elimination game by just four). Flushed with false hope, that summer the Blazers handed out rich extensions to rotational players and, unfortunately, locked themselves into a team that hasn’t won a playoff game since. San Antonio Spurs: Like the Grizzlies, the Spurs caused trouble for the Warriors because of their disciplined style that put the brakes on the pace. San Antonio ruled the West just prior to the Warriors’ run and the proud franchise wasn’t willing to relinquish its hold so easily, causing the Warriors to shiver by winning the regular season matchup from 2014-16. Still, like Memphis, the Spurs turned gray almost overnight. Tim Duncan retired, Tony Parker lost some zip and then, of course, came the sneaky Zaza Pachulia foot plant that KO’d Kawhi Leonard in the first game of their 2017 series. It hasn’t been the same for the Spurs, who shipped off the disgruntled Leonard this summer. Houston Rockets: While the Warriors were able to build around Curry to create a dynasty, the Rockets are in their third attempt to do likewise with James Harden. The Dwight Howard experiment was an exploding cigar, and then the strategy of turning Harden into a point guard failed to draw blood. Chris Paul arrived last season and the best record in the West followed, but Paul has always limped at the wrong time. True to form, his body failed him in the conference finals, just when the Rockets were up 3-2 on the Warriors and primed to issue a stunning statement. The conference-wide process of teams searching for the formula to bring an end to this “Golden” era has taken on an interesting twist. Except for the Rockets, who shuffled their deck slightly this summer, other West contenders are on a semi-defeatist two-year plan. As in: We’re not ready now, but look out in a coupla years! LeBron James joined the Lakers this summer, but it’s hard to take them seriously when LeBron himself says his new team isn’t breathing the same air as the defending champs. His supporting cast is a mix of pups with no playoff experience and vets who’ve seen better days. It’s foolhardy to doubt the potential of any team with LeBron — eight straight trips to the championship round is no joke, even if it came through the East. But they’ll stand a better chance next season, especially if they’re bringing Kawhi or Jimmy Butler by then. There’s also the Utah Jazz, a Spurs-like operation led by a pair of Spurs alums in GM Dennis Lindsey and coach Quin Snyder. Jazz guard Donovan Mitchell is a star in the making, but you need more than one of those to match Golden State. Perhaps in time, Mitchell will get a shotgun rider, but Utah is a tough sell for A-list free agents. Houston stands out from the pack with Harden, Paul and center Clint Capela, who gave the Warriors fits last spring. They’re still an attractive, turnkey team. Adding Anthony provides scoring, but does he impact a potential West finals rematch in 2019? With Trevor Ariza and Luc Mbah a Moute gone, where is the perimeter defense coming from? Is it possible that Houston, with Paul aging, had its best chance last spring and didn’t cash in? It’s also possible the Warriors will do everyone in the West a favor and destroy themselves in the very near future. Durant can become a free agent next summer. Thompson’s contract is up, too, although he’s been very clear about his preference to stay even if that means making below market value. “What’s happening right now is going to be really tough to replicate for anybody,” Warriors coach Steve Kerr said. “You have the proverbial window, however you want to put it. We have an incredible opportunity that’s just not always going to be here. We want to take full advantage not only from a success standpoint but from an enjoyment standpoint. “We’re well aware that it’s not going to last forever.” But that’s getting ahead of the story here, which is whether the Warriors will fall shy of The Finals for the first time since 2014. A three-time champion is bringing everyone back and will add a bonus whenever the healing Cousins returns. Basketball can sometimes be a funny game and anything can happen to throw this scenario for a loop. Until then, however, it's hard to imagine anything derailing another season of Warriors dominance. Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsOct 16th, 2018

Maynilad scores major court victory in Singapore

West Zone concessionaire Maynilad Water Services Inc. has scored a major victory after the Singapore High Court upheld the international arbitration panel’s decision to reimburse the utility firm for the non- implementation of rate increases......»»

Category: financeSource:  philstarRelated NewsOct 11th, 2018

Manila Water to start first part of rate hike on October 16

Manila Water Company Inc. said on Monday that it will start implementing the first tranche of its approved rate hike on October 16 of this year.   Customers of the east zone concessionaire will pay an additional P1.46 per cubic meter starting October 16.   The Metropolitan Waterworks Sewerage System (MWSS) approved last Thursday the increase in the average basic rate of Manila Water Company and Maynilad Water Services Inc.   READ: Manila Water rates up starting October   The approved rate adjustment for Manila Water is a total increase of P6.22 up to P6.50 which will be divided in the next four years, skipping 2019.   The second tranche will be implemen...Keep on reading: Manila Water to start first part of rate hike on October 16.....»»

Category: newsSource:  inquirerRelated NewsOct 1st, 2018

Map that debunked China’s historical sea claims featured in new maritime exhibit

A replica of an ancient map that debunked China's historical claims in the South China Sea is one of the features of a new mobile museum that hopes to showcase the Philippines' maritime heritage. The Murillo Velarde 1734 Map, dubbed as the "mother of all Philippine maps," was one of the documents presented by the Philippines to disprove China's nine-dash-line claims in the South China Sea, when it filed a case against the Asian giant in the international court. The Permanent Court of Arbitration had declared China's massive and historical claims as invalid in 2016, but the latter has refused to accept the ruling. READ: Philippines wins arbitration case vs. China over South C...Keep on reading: Map that debunked China’s historical sea claims featured in new maritime exhibit.....»»

Category: newsSource:  inquirerRelated NewsSep 25th, 2018

Analysts’ August inflation rate estimates (2018)

INFLATION likely zoomed to a fresh multi-year high in August due largely to higher food costs, analysts said in a BusinessWorld poll, boosting the case for another rate hike this month to douse surging prices. Read the full story. The post Analysts’ August inflation rate estimates (2018) appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 2nd, 2018

Poll sees fresh multiyear-high inflation

INFLATION likely zoomed to a fresh multi-year high in August due largely to higher food costs, analysts said in a BusinessWorld poll, boosting the case for another rate hike this month to douse surging prices. The post Poll sees fresh multiyear-high inflation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 2nd, 2018

Peru captain Guerrero banned again awaiting final verdict

ZURICH (AP) — Peru captain Paolo Guerrero, who was cleared to play at the World Cup by Switzerland's supreme court, has again been blocked from playing because a federal judge ended the freeze on his 14-month doping ban. The Swiss Federal Tribunal has lifted "the provisional suspensive effect" that allowed Guerrero to play in Russia, FIFA said Thursday. The decision means the 34-year-old Guerrero will not be allowed to resume playing with his new club in Brazil, Internacional, pending a further decision in the Swiss court. "FIFA took note of the decision of the Swiss Federal Tribunal to lift the provisional suspensive effect that had been granted with respect to the sanction imposed by the Court of Arbitration for Sport," soccer's world body said. The Swiss federal court is expected to give a final verdict soon in Guerrero's appeal against a CAS ruling that increased his six-month ban by FIFA to 14 months. The court did not immediately respond to requests for details of the procedure. Guerrero tested positive for a metabolite of cocaine at a World Cup qualifying game against Argentina in October. His lawyers argued the small amount of cocaine detected was not performance enhancing and was accidentally consumed in contaminated tea. FIFA first banned Guerrero for one year, then reduced the sanction to six months on appeal last December. The case went to a CAS hearing in May after the player appealed to overturn the ban, and the World Anti-Doping Agency counter-appealed for a longer sanction. Two weeks after the urgent CAS ruling, a Swiss federal judge decided Guerrero should not be denied a possible "crowning glory of his career" in Peru's first World Cup appearance for 36 years. He scored one goal at the World Cup, in a 2-0 win over Australia. Peru had already been eliminated by 1-0 losses against Denmark and eventual champion France......»»

Category: sportsSource:  abscbnRelated NewsAug 24th, 2018

Solid as a Rock: Vitug explains the historic maritime ruling

ON JULY 12, 2016, a 479-page verdict stated that a tribunal of the Permanent Court of Arbitration (PCA) ruled in favor of the Philippines in its maritime dispute with China over the West Philippine Sea. The PCA concluded that China’s claim of historic rights falling within its so-called nine-dash line had no legal basis. Two years after the victory, the Philippines has yet to completely assert its sovereignty over the territory......»»

Category: financeSource:  bworldonlineRelated NewsJul 31st, 2018

Palace lauds CA decision on Rappler petition

      Malacaang lauded on Friday the decision of the Court of Appeals decision dismissing the petition of online news site Rappler to reverse the Securities and Exchange Commission's (SEC) ruling revoking its business registration.   "The decision of the Court of Appeals affirms that the Securities and Exchange Commission (SEC) was correct to revoke Rappler's registration based on its previous investigation," Presidential Spokesperson Harry Roque said in a statement. READ: Rappler was not fully Filipino owned -- CA   The decision, Roque said,supports the Palace stance that this case does not involve press freedom, but the regulatory po...Keep on reading: Palace lauds CA decision on Rappler petition.....»»

Category: newsSource:  inquirerRelated NewsJul 27th, 2018

Appeals court rules Piatco lawyer fees illegal

The Special 11th Division of the CA, in a decision dated June 4, upheld the Mandaluyong Regional Trial Court Branch 31’s ruling that junked the government’s petition for recognition and reinforcement of the final award of the arbitration case......»»

Category: newsSource:  philstarRelated NewsJun 8th, 2018