President Ferdinand “Bongbong” Marcos Jr. on Friday lauded the public listing of Maynilad Water Services Inc. on the Philippine Stock Exchange, calling it a milestone that reflects investor confidence, economic strength, and a renewed commitment to transparency in the country’s business sector.
Speaking at the listing ceremony in Taguig City, President Marcos said the company’s Initial Public Offering (IPO) “signals confidence in our markets and in our people,” marking a significant step for both the water industry and the national economy.
“The listing of Maynilad Water Services on the Philippine Stock Exchange is a sign of confidence in our markets and in our people,” Mr. Marcos said.
“This listing invites more investors and voices into the journey of managing a precious resource,” he added.
The president commended Maynilad’s evolution from a concessionaire into what he described as a “partnership that continues to serve millions of Filipinos every day.”
He added that the company’s IPO “welcomes scrutiny and accountability,” strengthening the notion that “private enterprise can serve the public good.”
Mr. Marcos also highlighted Maynilad’s sustainability efforts, including climate-resilient water systems, renewable energy investments, and watershed protection, as examples of corporate stewardship that align with the government’s vision for a resilient and transparent economy.
“These initiatives align with our government’s agenda to build an economy that is adaptive and guided by sound governance,” President Marcos said.
“Transparency is a standard that all our institutions must abide by,” he added.
He further emphasized the importance of collaboration between the public and private sectors, saying such partnerships are key to achieving shared prosperity and inclusive growth.
