The Pangilinan group restores water supply in Cagayan de Oro after President Ferdinand Marcos Jr. stepped in.
Full story: https://www.rappler.com/nation/mindanao/manny-pangilinan-group-restores-cagayan-de-oro-water-supply-marcos-steps-in/
Full story: https://www.rappler.com/nation/mindanao/manny-pangilinan-group-restores-cagayan-de-oro-water-supply-marcos-steps-in/
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00:00 The Pangilinan Group restores water supply in Cagayan de Oro after President Ferdinand
00:05 Marcos Jr. stepped in.
00:07 The tap water shortage in 13 villages ends following talks between Marcos and business
00:12 tycoon Manny V. Pangilinan of Metro Pacific Water, the controlling entity behind COBI.
00:18 The supply from Cagayan de Oro Bulk Water Incorporated, or COBI, accounts for nearly
00:23 half of the treated water the Cagayan de Oro Water District, or COWD, has been distributing
00:29 in CDO and parts of Misamis Oriental.
00:32 COBI turned off the water supply on Tuesday, May 14.
00:36 Metro Pacific Water says the move was voluntary and had nothing to do with the CDO court's
00:41 temporary restraining order.
00:43 COBI and COWD have been in a dispute over a debt amounting to 500 million pesos.
00:49 The amount mostly represents the price difference when the supplier implemented water rate adjustments
00:54 in 2021 and early 2024.
00:56 [MUSIC PLAYING]