PLDT Inc ADR (PHI)

Nov 8, 2026

PLDT Inc. is experiencing increased costs for technology and infrastructure due to the weakening Philippine peso, which makes imported equipment more expensive. Despite this, the company sees strong demand for data center services but has deferred the IPO of Vitro REIT Corp. until market conditions improve. PLDT's senior vice president, Blums Pineda, noted that dollar-denominated revenues offer some protection, but connectivity projects remain reliant on imported equipment.

Nov 3, 2026

Accounting firm SyCip Gorres Velayo & Co. (SGV) has resigned as PLDT Inc.'s external auditor after 24 years due to an independence issue, leading PLDT to appoint PricewaterhouseCoopers' Philippine member firm, Isla Lipana & Co., for its Philippine financial audits. SGV's resignation, effective October 31, followed its withdrawal of audit opinions on PLDT's 2024 and 2025 financial statements, primarily affecting US regulatory reporting. PLDT is now seeking another qualified auditor for its US reporting requirements and must correct accounting errors, though it stated these corrections are unlikely to significantly impact profits or cash flows.

Oct 29, 2026

PLDT Inc. Chairman Manuel V. Pangilinan announced that digital banking and payments platform Maya is targeting a dual-market initial public offering (IPO) in 2027, to be listed on both the Philippine Stock Exchange and Nasdaq. Despite foreign shareholders favoring a U.S. listing, Pangilinan insists on a domestic listing for local investor access, citing the success of GCash's parent Mynt Inc.'s recent IPO. Maya, which achieved net profitability in December 2024, aims to raise growth capital and provide an exit for early investors while PLDT maintains its strategic equity.