President Ferdinand “Bongbong” Marcos Jr. urged Maynilad Water Services, Inc. to remain steadfast in its commitment to public service as the water concessionaire made its initial public offering (IPO) on Friday.
Speaking at the event in Taguig City, Marcos said the company’s IPO signals strong investor confidence in the Philippine economy and reflects a healthy partnership between the government and private sector in delivering essential utilities to Filipinos.
“To our partners in Maynilad, never lose sight of the people you serve,” the President said, emphasizing the importance of prioritizing public welfare in business operations.
He assured the company of government support, saying, “Be assured the government is always in support of your initiatives, especially now that you have entered this new phase in your service.”
Marcos also underscored honesty and integrity in public service, noting that transparency builds public trust.
“As we face the many challenges ahead, from climate change to rebuilding public trust, may this day remind us that reform is built on work done with honesty,” he said.
“Because I believe that when we do things with purpose and excellence, progress will flow just like water—steady and life-giving.”
Marcos added that Maynilad’s IPO, projected to be the largest listing of 2025 and the second-biggest in Philippine history, is a milestone that strengthens the country’s capital market and demonstrates the positive impact of responsible private enterprise in serving the public good.