Marcos hails Maynilad IPO as a 'milestone' for water sector, economy

President Ferdinand “Bongbong” Marcos Jr. on Friday hailed the public listing of Maynilad Water Services Inc. as a major milestone for the country’s water sector, stock market, and overall economy.

He emphasized that the listing reflects growing confidence in the Philippine market and underscores the vital partnership between public and private entities in providing essential services.

“We mark today a milestone for our country’s water sector, our stock market, and our economy. The listing of Maynilad Water Services on the Philippine Stock Exchange is a sign of confidence in our markets and in our people,” Marcos said.

The President also urged Maynilad to continue focusing on public service. “To our partners in Maynilad, never lose sight of the people you serve. Be assured the government is always in support of your initiatives, especially now that you have entered this new phase in your service,” he added.

Marcos noted that the IPO opens the company to greater scrutiny and accountability, strengthening investor trust while helping expand the country’s capital markets. “Maynilad’s public listing signals what I have been telling the world: that the Philippines is open, ready, and eager to do business with you,” he said.

Highlighting the company’s role in water security and sustainability, Marcos praised Maynilad’s initiatives to improve water access and sanitation, develop a climate-resilient water system, invest in renewable energy and waste management, and protect watersheds — all aligned with the administration’s vision of building an adaptive economy guided by good governance.

Maynilad currently serves the West Zone of the Greater Manila Area, providing water to millions of Filipinos.

The company’s IPO is projected to be the largest in the Philippines for 2025 and the country’s second-largest overall.

The President stressed that honest and accountable service is key to rebuilding public trust.