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PLDT confirms class-action lawsuit filed by US shareholder

PLDT confirms class-action lawsuit filed by US shareholder
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Budget overrun to temper appetite for PLDT–analyst

Investors might become reluctant to put their hard-earned money into PLDT Inc. after its controversial P48-billion “budget overrun” announcement on Friday, with foreign investors already weighing in on the issue over the weekend. First Grade Finance Inc. Managing Director Astro C. del Castillo believes that investors will be risk-averse toward…

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