PLDT receives 2 major awards

MANILA, Philippines - The Philippine Long Distance Telephone Co. (PLDT) has received from Euromoney the award for “Most Convincing and Coherent Strategy in the Philippines.”

The award was conferred in Euromoney’s December 2008 issue where PLDT was also cited for “Best Corporate Governance in the Philippines”, an award it received also last year.

The methodology for the annual poll involves a process where analysts and leading banks and research institutes are asked to nominate their top companies in each of the Asian countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings.

Aside from awards in the Philippine categories, PLDT was recognized in several regional categories, namely: No. 5 Most Convincing and Coherent Strategy (out of 278 nominations), No. 4 Most Transparent Accounts (out of 207 nominations) and No. 4 Best Corporate Governance (out of 242 nominations). In the said regional category awards, PLDT was the highest Philippine company cited.

The awards were presented in Manila to PLDT chairman, Manuel V. Pangilinan and to president and CEO Napoleon L. Nazareno, by Padraic Fallon, Euromoney chairman and editor-in-chief.

PLDT has won several awards from Euromoney in previous years. Euromoney magazine is a monthly publication focusing on international banking and capital markets. It regularly publishes in-depth surveys, polls, and rankings of specific areas of finance. Benchmark polls include the FX poll, private banking awards, country risk survey, debt trading and corporate governance polls, as well as the awards for excellence in banking.

PLDT is the leading telecommunications provider in the Philippines. Through its three principal business segments – fixed line, wireless and information communications technology – PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line, cellular and satellite network.