NEW YORK, Jan. 28, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PLDT Inc. ("PLDT" or the "Company") PHI.

If you suffered losses exceeding $50,000 investing in PLDT stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/PHI.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On December 19, 2022, Bloomberg reported, "the Philippines' Securities and Exchange Commission has launched an inquiry into the 48-billion peso ($866 million) capital spending budget overrun at PLDT Inc. that triggered a record plunge in the stock amid questions over its corporate governance and fiscal control."

Following this news, on December 19, 2022, PLDT's shares fell by over 20%.

Then on December 20, 2022, it was reported that the Securities and Exchange Commission (SEC) ordered an investigation of possible insider trading related to PLDT Inc.'s disclosure of a P48- billion "budget overrun" covering several years.

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