- “Certainly, we’ve taken a knock on our reputation. We pride ourselves on governance, on disclosures, and we’re gonna get a knock. We have a job in trying to recover our credibility.” Thus said Manuel V. Pangilinan (MVP), who chairs PLDT Inc., after he detailed in an exclusive to the Inquirer how he learned of initially as much as P130 billion in undocumented purchase orders made in the last four years at the country’s largest telecommunications firm.On Friday, the company said the latest estimate of these questionable deals — which it described as “budget overruns” — had been trimmed to P48 billion, representing 12 percent of PLDT’s P379-billion capital spending program of the last four years.
Similar Posts:
- PLDT Points to Duterte’s Tirades, ‘Intense Competition’ in Budget Fiasco (Rappler)
- Eat, Pray, Shop: Philippines Embraces Mall Worshiping (INQ)
- The Philippines: More Two Steps Forward And One Step Back?
- A Damaged Culture No More? Investing in the Philippines
- As US-China Relations Worsen, Expect Supply Chain Chaos (Freight Waves)
- Philippines’ Largest IPO Ends Flat in Debut Trading (The Asset)
- Ayala: Duterte’s China Pivot Transforms Philippines’ Oldest Conglomerate (Nikkei Asian Review)
- Philippines Globe Telecom to Raise Funds, Expand (The Asset)
- Dutertenomics: Infrastructure Projects (Nikkei Asian Review)
- Duterte Spooks Foreign Investors With Tax ‘Sword of Damocles’ (Nikkei Asian Review)
- Portfolio Money Flows Back Into the Philippines (WSJ)
- Cash Splash: How Sea Became Southeast Asia’s Biggest Public Company (Nikkei Asia)
- Jollibee’s Quest for Global Dominance Derailed by Virus (Nikkei Asian Review)
- The Philippines: The Problem is Poverty (Inquirer)
- Trade War Steers Chinese Investment Toward Southeast Asia (Nikkei Asian Review)
