Philippine Long Distance Telephone Company

There's value in the mix

First Pacific subsidiary Indofood is the world's largest producer of instant noodles. Photo: Bloomberg

Indonesia and the Philippines are among the best-performing economies and markets in Asia this year.

Monday, 19 November, 2012, 1:54am

Exorcism, insanity, kidnapping - family feud grips Philippines

At first glance, it is a corporate lawsuit over the ownership of a US$45 million telecommunications firm.

26 May 2007 - 12:00am

First Pacific taps market for US$300m loan

First Pacific, a Hong Kong-listed telecommunications and consumer food products conglomerate, was seeking a US$300 million loan, market sources said.

15 Jan 2007 - 12:00am

First Pacific shopping for infrastructure plays

Hong Kong-listed conglomerate First Pacific plans to acquire more infrastructure projects in the region after sealing its first last month, according to executive director Robert Nicholson.

9 Jan 2007 - 12:00am

First Pacific delivers amid challenges

Company reports 18pc increase in interim profit and declares a 'modest' dividend, the first in four years

Conglomerate First Pacific has declared its first dividend in four years, after posting an 18 per cent increase in net profit to US$60.8 million for the six months to June.

1 Sep 2005 - 12:00am

First Pacific profit misses expectations

Shares in the group finish 8.43 per cent weaker after it reports a 53.7 per cent rise in first-half earnings to US$54.7 million

Net profit of conglomerate First Pacific grew at a poorer than expected 53.7 per cent to US$54.7 million in the first six months of this year, triggering the steepest one-day slide in the company's share price in about 22 months.

17 Aug 2004 - 12:00am

Lai See

short-sighted visionary

3 May 2004 - 12:00am

First Pacific ends half on high note

Telecoms contribution and aggressive cost-cutting lift earnings 36 per cent, but lack of a dividend disappoints investors

Profit at First Pacific powered ahead in the first half, thanks to strong contributions from its telecommunications unit in the Philippines and aggressive cost-cutting.

19 Aug 2003 - 12:00am

First Pacific appeals to directors' duty on offer

First Pacific has issued a statement imploring directors of Philippine Long Distance Telephone (PLDT) to remember their fiduciary duty as reports emerge indicating their rejection of a compromise plan.

31 Jul 2002 - 12:00am

Expenses take toll on profit for year at PLDT

The cost of marketing and upgrading telecommunications infrastructure and facilities last year contributed to Philippine Long Distance Telephone's (PLDT) 64 per cent annualised fall in net profit.

2 Mar 2001 - 12:00am

PLDT leads slide amid income fears

Philippine shares closed lower yesterday, led by Philippine Long Distance Telephone (PLDT) amid expectations of weak first-quarter earnings.

Dealers said lingering concerns over the political situation and the direction of United States interest rates also prompted foreign selling.

The Composite Index closed 16.9 points lower at 1,647.56.

26 Apr 2000 - 12:00am

PLDT's fall blow for First Pacific

Philippine Long Distance Telephone (PLDT), the Philippine telecommunications arm of conglomerate First Pacific, has reported a 63 per cent drop in earnings to 1.6 billion pesos (about HK$314.4 million) for the six months to June 30.

First Pacific spent 30 billion pesos to buy a 17.2 per cent stake in PLDT last November - paying the equivalent of 1,420 pesos a share.

18 Aug 1999 - 12:00am

PLDT note issue raises US$175m

Philippine Long Distance Telephone (PLDT) issued US$175 million in 10-year notes yesterday, up from an original launch size of $150 billion.

The 2009 notes were priced at 540 basis points above comparable United States treasuries, with a semi-annual coupon of 10.5 per cent to yield 10.557 per cent.

8 Apr 1999 - 12:00am

PLDT sets clean-up goal with significant provisioning for bad debts,

Philippine Long Distance Telephone (PLDT) will make substantial write-offs for bad debts and redundancies when it announces its annual results later this month as new owners First Pacific of Hong Kong bid to clear the decks for a fresh start.

10 Feb 1999 - 12:00am

Piltel in debt talks

Philippine Long Distance Telephone's (PLDT) 50 per cent owned cellular subsidiary Piltel is in discussions with creditors over debt payments which have become due. PLDT is 17.2 per cent owned by conglomerate First Pacific, which has operational control of the company. PLDT said Piltel's situation would not affect its ability to meet its own financial obligations.

12 Jan 1999 - 12:00am