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× Water firms’ backdown should not stop full review of onerous contracts

IT makes good sense, for reasons of sheer self-preservation if nothing else, that the water concessionaires Manila Water Co. Inc. and Maynilad Water Services Inc. have decided to back down from implementing the ruling of two Singapore arbitral panels that award them billions more in profits to collect. But this tactical retreat should not stop the government from fully bringing out into the open all…