Tuesday, July 23, 2024
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budget overrun

PLDT says no fraud on P33-B budget overrun, pins blame on big projects

Having seen no irregularities by external probe, PLDT said it is attributing the overrun solely on the huge expenses it incurred for big-ticket projects and costly 5G equipment.

SEC probing PLDT’s P48-billion ‘budget overruns’, shares selloff

Being the regulator of the securities market, the SEC said it is concerned about the reported “budget overruns,” as well as the selloff in PLDT shares before the publicly listed company could make the official disclosure.
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