Philippines, Nov. 6 -- The Asian Development Bank (ADB) has made a $145 million (in Philippine pesos equivalent) investment in Maynilad Water Services, Inc. to enhance water security and improve wastewater services in Metro Manila. ADB is one of two lead cornerstone investors in Maynilad's initial public offering (IPO) on the Philippine Stock Exchange. The investment will support the development of a resilient water system in the Philippine national capital region by expanding and modernizing water and wastewater infrastructure. Changing rainfall patterns, economic development, rapid urbanization, and population growth have contributed to intermittent water supply and inadequate access to clean water in the Philippines, particularly in low-...