PLDT
Telepresence
PLDT
Landline Plus
PLDT
VOX
PLDT
I-Gate
PLDT
Watcher
PLDT
Budget Card
TABLE OF CONTENTS
Comparative Highlights
Consolidated Financial Performance Highlights
A Message from the Chairman of the Board
A Letter from the President and CEO
2008: A Year of Transformation
CSR Report 2008: Taking CSR to the Next Level
Corporate Governance Report 2008: A Continuing Commitment to Performance with Principle
The Board of Directors
Key Officers
Financial Review
Audit Committee Report
Statement of Management’s Responsibility for Financial Statements
Independent Auditors’ Report
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Changes in Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
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Registrars, Transfer Agents and Depositary
About the Cover
At PLDT, we are mapping out the digital future of communications. From
engaging interactive services to deep social media experiences to rich broadband
entertainment, our leading edge technologies and services are transforming the lives
of Filipinos at home and overseas. Thanks to the Group’s vision and innovation, we
remain resilient despite the challenging business environment. We are fortifying our
leadership and driving our business to the next level by focusing on our customers’
needs and investing in the country’s future.
PLDT is the leading telecommunications service
provider in the Philippines. Through its three
principal business groups—wireless, fixed
line, and information and communications
technology—PLDT offers the largest and
most diversified range of telecommunications
services across the Philippines’ most extensive
fiber optic backbone and wireless, fixed line,
broadband and satellite networks.
PLDT is listed on the Philippine Stock Exchange
(PSE:TEL) and its American Depositary Shares
are listed on the New York Stock Exchange
(NYSE:PHI). In 2008, PLDT was one of the
largest Philippine-listed companies in terms of
market capitalization.
MISSION / VISION
PLDT will be the preferred full
service provider of voice, video
and data at the most attractive
levels of price, service quality,
content and coverage, thereby
bringing maximum benefit to
the Company’s stakeholders.
SUBSIDIARIES
Wireless
Smart Communications, Inc. and Subsidiaries
Pilipino Telephone Corporation
Smart Broadband, Inc.
ACeS Philippines Cellular Satellite Corporation
Mabuhay Satellite Corporation
VALUES
Accountability
Fixed Line
PLDT Clark Telecom, Inc.
PLDT Subic Telecom, Inc.
We take full responsibility for our
PLDT Global Corporation and Subsidiaries
actions and decisions.
PLDT-Maratel, Inc.
Bonifacio Communications Corporation
Smart-NTT Multimedia, Inc.
Integrity
We are honest, moral and legal.
We do the right thing.
Fairness
We uphold justice and fair play.
Transparency
We are truthful. We disclose
accurate and prompt
information.
Information and Communications Technology
ePLDT, Inc. and Subsidiaries
SPi Technologies, Inc.
ePLDT Ventus, Inc.
Vocativ Systems, Inc.
Parlance Systems, Inc.
Infocom Technologies, Inc.
Digital Paradise, Inc.
Level Up! (Philippines), Inc.