00:00Former Senator Cynthia Villar says not all the problems of local communities serviced by Prime
00:06Water are due to management. She adds, based on a cost-benefit analysis, it's turning out to be a
00:11bad investment decision on the part of the Villars. She says, quote, in fact, many Villar want to
00:16dispose of it because it's just being used against us, in our politics. We don't earn so much from
00:22it. But data from the Securities and Exchange Commission shows that in San Jose del Monte,
00:25Bulacan, Prime Water's net income soared after it took over water services in the city.
00:30By 2022, four years since the joint venture agreement, Prime Water's net profit breached
00:351 billion pesos. President Ferdinand Marcus Jr., in his fourth State of the Nation address,
00:40vowed to address poor water service in local communities,
00:43with his administration reiterating that those responsible will be held accountable.
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