PLDT parts ways with SGV after 24 years, hires Isla Lipana/PwC Philippines

MANILA, Philippines — Tycoon Manuel V. Pangilinan-led PLDT Inc. has tapped a new auditing firm to replace SyCip Gorres Velayo & Co. (SGV), which resigned as the telco giant’s independent auditor after 24 years over concerns about its independence. In a disclosure to the stock exchange on Tuesday, PLDT said SGV submitted its resignation on