Safe Asia Pacific Pick

For investors who are looking overseas for safe investments, PHI offers attractive dividends and high growth emerging market status.

Philippine Long Distance Telephone Company, together with its subsidiaries, provides telecommunications services in the Philippines.As of December 31, 2006, the company had 24,175,384 subscribers; 1,776,647 fixed line subscribers; and 264,649 broadband subscribers.

Dvidend yields at 4.1%. it tumbled below its 200-day moving average line Thursday as it fell victim to worries about the U.S. stock market. The Phillipines-based company provides local, domestic and international phone service to more than 20 million customers.