PHC
Philcomsat Holdings Corporation
(a PSE-listed company)

 
 
ALI BABA AND THE FORTY THIEVES

Excerpts from PRIVILEGE SPEECH of Senator Enrile

“Records would show, Mr. President, that an exorbitant amount of P56 million for PR and media relations fees for the period of 2004 and 2007, had just thrown away out of the cuckoo’s nest of Philcomsat Holdings. Media practitioners, paid from PR fund:"

Gerry Zorilla
P17,000,000
Veronica Nepomuceno
7,000,000
Resty Perez and Company
3,100,000
Melvyn Martin
1,800,000