Take it or leave it: Philippines' Duterte offers new water contract terms

MANILA (Reuters) - The Philippine government will take over the capital's water distribution services if the two largest water firms refuse to accept the terms of new contracts that will be offered to them, the presidential spokesman said on Tuesday. Maynilad Water Services Inc and Manila Water Co Inc serve a combined 16 million customers under 25-year concession deals signed in 1997, but President Rodrigo Duterte labelled the...