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Philippines largest telecom slumps 17% after billions of pesos in budget overrun revealed

Philippines largest telecom slumps 17% after billions of pesos in budget overrun revealed
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Philippines largest telco slumps over 19% after US$866 mil in budget overrun revealed

The Philippines' Securities and Exchange Commission has launched an inquiry into the 48 billion pesos (RM3.83 billion or US$866.32 million) capital spending budget overrun at PLDT Inc that triggered a record plunge in the stock amid questions over its corporate governance and fiscal control.

Puerto princesaHong kongNoel reyesManuel pangilinanRamon monzonManny cruzAsia pacificJaphet tantiangcoBlackrock incPhilstocks financial incVanguard group incMetro pacific investments corpManila electric coEuropean unionHong kong first pacific coPhilippine stock exchange index

PHL shares rise on Fed, new economic managers - BusinessWorld Online

PHL shares rise on Fed, new economic managers - BusinessWorld Online
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Mannyp cruzLuisa limlinganBangko sentralBenjamine dioknoPapa securities corpRegina capital development corpPhilippine stock exchangeFederal reserveEquities strategist mannyCapital developmentSales luisPapa securitiePilipinas governor benjaminLuisa maria jacinta

PSEi surges to 7,100 level on improved sentiment - BusinessWorld Online

PSEi surges to 7,100 level on improved sentiment - BusinessWorld Online
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Metro manilaPhilippines generalMannyp cruzFredegusto guidop davidJaphet louiso tantiangcoFirst gen corpPhilstocks financial incPapa securities corpResearch groupWilcon depot incSenior researchHealth departmentPhilippine stock exchangeNational capital regionEquities strategist mannyEngagement supervisor japhet louis