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Share Values Plunge As Philippines Prez Threatens Military Takeover Of Capital's Water Concessionaires

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MANILA, Philippines

Philippines President Rodrigo Duterte has claimed he will suspend concession agreements with Manila Water Co (Manila Water) and Maynilad Water Services (Maylinad) if the water companies do not show willingness to amend existing concession agreements, following up with a threat to order a military takeover of operations and arrest of water company executives.