PLDT’s Unfair Practice of Business

coderinthebox

The TechnoJunkie of the group who studied engineering but got stuck with software development. Remember kids, 90% of your problems can be solved by marketing. Solving the other 10% just requires good procrastination skills.

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2 Responses

  1. Desya Maria says:

    That PLDT Ultera product is a scam!!!!!!

  2. Cathy says:

    want to read something that will leave bad taste in your mouth. Take a look at this, namely towards the middle.

    “With PLDT and Globe distributing nearly all of their profits to their stockholders, little or none of that profit is reinvested in the expansion of their infrastructure and improvement of their services.”

    Also

    Even Filipino taxpayers are in effect bankrolling PLDT: Total exposure of the Land Bank of the Philippines has reached P12 billion – the bank’s biggest exposure to any private company. How on earth could a bank that was set up by law for farmers and fishermen and to bankroll the agrarian reform program be lending billions of pesos to a firm owned largely by foreigners?

    But there’s worse news.

    What we should be alarmed over as citizens of this nation is the fact that with 76 percent of PLDT and 64 percent of Globe owned by foreigners, the profit they have generated from their firms has meant a huge outflow of capital from the country, amounting to $8 billion over the last 10 years.

    You can read whole article here

    http://www.manilatimes.net/pldt-globe-foreign-owners-profit-from-ph-8b-in-10-years/218602/

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