PLDT Ranked Among Asia's Best-Managed Firms

December 9, 1999 PSE CIRCULAR FOR BROKERS NO. 3140-99 PLDT ranked among Asia's best-managed firms PLDT was recently named as one of the "best managed" Asian companies by a prestigious Asian financial publication. prcd The Asset magazine, a Hong Kong based Asian information service for finance professionals ranked PLDT as first in management quality among Philippine corporations, and number nine among the top 20 firms in Asia. llcd The magazine spoke to over 200 of the world's largest institutional investors about the companies that stood out during the Asian crisis. LibLex According to The Asset , Hong Kong's First Pacific's entry has changed PLDTs' image. Manuel V. Pangilinan, First Pacific Chairman and PLDT President "is transforming PLDT as it moves into higher-value services including the Internet. Not only is the company much more transparent, it is also providing more reliable information." cdll The Asset stressed that this crisis turned out to be an opportunity for Asian companies that have long emphasized management excellence to showcase their skills. It was the first ever survey on management quality conducted by the magazine since the onset of the Asian crisis.