PLDT says probe uncovers P48-B ‘budget overrun’

PLDT Inc. incurred a P48-billion “budget overrun” in the last four years, representing 12.7 percent of its total P379-billion capital spending budget, but the telco remains keen on keeping capital outlays elevated next year. In a disclosure on Friday, the Pangilinan-led firm said the estimate was subject to “ongoing internal forensics mandated by the board … Continue reading PLDT says probe uncovers P48-B ‘budget overrun’