EXHIBIT 8

PLDT INC.

Subsidiaries as at December 31, 2016

Our consolidated financial statements include the financial statements of PLDT (parent company) and the following subsidiaries (collectively, the
PLDT Group) as at December 31, 2016 and 2015:



|                                                                                                                   |  |               |                       |  |                             |                                                                                                                                                 |                         |  |       |          |  |  |        |  |  |          |       |  |  |  |       | 
|------------------------------------------------------------------------------------------------------------------ |  | ------------- | --------------------- |  | --------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------- |  | ----- | -------- |  |  | ------ |  |  | -------- | ----- |  |  |  | ----- | 
|                                                                                                                   |  |               |                       |  |                             |                                                                                                                                                 | 2016                    |  |       | 2015     | 
|                                                                                                                   |  | Place of      |                       |  |                             |                                                                                                                                                 | Percentage of Ownership | 
|Name of Subsidiary                                                                                                 |  | Incorporation |                       |  | Principal Business Activity |                                                                                                                                                 | Direct                  |  |       | Indirect |  |  | Direct |  |  | Indirect |      
|                                                                                                                   |  |               |                       |  |                             |                                                                                                                                                
|Wireless                                                                                                           |  |               |                       |  |                             |                                                                                                                                                 |                         |  |       |          |  |  |        |  |  |          |       |  |  |  |       | 
|Smart:                                                                                                             |  |               | Philippines           |  |                             | Mobile services                                                                                                                                 |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|Smart Broadband, Inc., or SBI, and Subsidiary                                                                      |  |               | Philippines           |  |                             | Internet broadband distribution services                                                                                                        |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Primeworld Digital Systems, Inc., or PDSI                                                                          |  |               | Philippines           |  |                             | Internet broadband distribution services                                                                                                        |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|I-Contacts Corporation                                                                                             |  |               | Philippines           |  |                             | Operations support servicing business                                                                                                           |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Smart Money Holdings Corporation, or SMHC                                                                          |  |               | Cayman Islands        |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Far East Capital Limited, or FECL, and Subsidiary, or FECL Group                                                   |  |               | Cayman Islands        |  |                             | Cost effective offshore financing and risk management activities for Smart                                                                      |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|PH Communications Holdings Corporation                                                                             |  |               | Philippines           |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Connectivity Unlimited Resource Enterprise, or CURE                                                                |  |               | Philippines           |  |                             | Mobile services                                                                                                                                 |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Francom Holdings, Inc.:                                                                                            |  |               | Philippines           |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group                                              |  |               | British VirginIslands |  |                             | Content provider, mobile applications development and services                                                                                  |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Voyager Innovations, Inc., or Voyager                                                                              |  |               | Philippines           |  |                             | Mobile applications and digital platforms developer                                                                                             |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|eInnovations Holdings Pte. Ltd., or eInnovations(a):                                                               |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Takatack Holdings Pte. Ltd., or Takatack Holdings(e)                                                               |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Takatack Technologies Pte. Ltd., or Takatack Technologies(d)                                                       |  |               | Singapore             |  |                             | Development and maintenance of IT-based solutions for communications and e-Commerce platforms                                                   |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Takatack Malaysia Sdn. Bhd., or Takatack Malaysia(e)                                                               |  |               | Malaysia              |  |                             | Development, maintenance and support services to enable the digital commerce ecosystem                                                          |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  |      | 
|iCommerce Investments Pte. Ltd., or iCommerce(b)                                                                   |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Voyager Fintech Ventures Pte. Ltd., or Fintech Ventures (formerly eInnovations Ventures Pte. Ltd. or eVentures)(f) |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Fintqnologies Corporation, or FINTQ(g)                                                                             |  |               | Philippines           |  |                             | Development of financial technology innovations                                                                                                 |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  |      | 
|Fintq Inventures Insurance Agency Corporation(h)                                                                   |  |               | Philippines           |  |                             | Insurance company                                                                                                                               |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  |      | 
|ePay Investments Pte. Ltd., or ePay(b)                                                                             |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|PayMaya Philippines, Inc. or PayMaya(i)                                                                            |  |               | Philippines           |  |                             | Provide and market certain mobile payment services                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|PayMaya Operations Philippines, Inc., or PayMaya Ops(j)                                                            |  |               | Philippines           |  |                             | Market, sell and distribute payment solutions and other related services                                                                        |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|3rdBrand Pte. Ltd., or 3rdBrand                                                                                    |  |               | Singapore             |  |                             | Solutions and systems integration services                                                                                                      |                         |  |      |          |  |  | 85.0   |  |  |          |      |  |  |  | 85.0  | 
|WiFun, Inc., or WiFun(k)                                                                                           |  |               | Philippines           |  |                             | Software developer and selling of WiFi access equipment                                                                                         |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Telesat, Inc.(l)                                                                                                   |  |               | Philippines           |  |                             | Satellite communications services                                                                                                               |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines                                               |  |               | Philippines           |  |                             | Satellite information and messaging services                                                                                                    |                         |  | 88.5  |          |  |  | 11.5   |  |  |          | 88.5  |  |  |  | 11.5  | 
|Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel)                                  |  |               | Philippines           |  |                             | Mobile services                                                                                                                                 |                         |  |      |          |  |  | 99.6   |  |  |          |      |  |  |  | 99.6  | 
|                                                                                                                   |  |               |                       |  |                             |                                                                                                                                                
|Fixed Line                                                                                                         |  |               |                       |  |                             |                                                                                                                                                 |                         |  |       |          |  |  |        |  |  |          |       |  |  |  |       | 
|PLDT Clark Telecom, Inc., or ClarkTel                                                                              |  |               | Philippines           |  |                             | Telecommunications services                                                                                                                     |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|PLDT Subic Telecom, Inc., or SubicTel                                                                              |  |               | Philippines           |  |                             | Telecommunications services                                                                                                                     |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|PLDT Global Corporation, or PLDT Global, and Subsidiaries                                                          |  |               | British VirginIslands |  |                             | Telecommunications services                                                                                                                     |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|Smart-NTT Multimedia, Inc.(l)                                                                                      |  |               | Philippines           |  |                             | Data and network services                                                                                                                       |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group                                                 |  |               | Philippines           |  |                             | Telecommunications services                                                                                                                     |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|Talas Data Intelligence, Inc., or Talas(m)                                                                         |  |               | Philippines           |  |                             | Business infrastructure and solutions; intelligent data processing and implementation services and data analytics insight
generation            |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|ePLDT, Inc., or ePLDT:                                                                                             |  |               | Philippines           |  |                             | Information and communications infrastructure for internet-based services, e-commerce,
customer relationship management and IT related services |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group                                        |  |               | Philippines           |  |                             | Information and communications infrastructure for internet-based services, e-commerce,
customer relationship management and IT related services |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|Curo Teknika, Inc., or Curo                                                                                        |  |               | Philippines           |  |                             | Managed IT outsourcing                                                                                                                          |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group                                                 |  |               | Philippines           |  |                             | Internet-based purchasing, IT consulting and professional services                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 99.8  | 
|ePDS, Inc., or ePDS                                                                                                |  |               | Philippines           |  |                             | Bills printing and other related value-added services, or VAS                                                                                   |                         |  |      |          |  |  | 67.0   |  |  |          |      |  |  |  | 67.0  | 
|netGames, Inc.(n)                                                                                                  |  |               | Philippines           |  |                             | Gaming support services                                                                                                                         |                         |  |      |          |  |  | 57.5   |  |  |          |      |  |  |  | 57.5  | 
|Digitel:                                                                                                           |  |               | Philippines           |  |                             | Telecommunications services                                                                                                                     |                         |  | 99.6  |          |  |  |       |  |  |          | 99.6  |  |  |  |      | 
|Digitel Information Technology Services, Inc.(l)                                                                   |  |               | Philippines           |  |                             | Internet services                                                                                                                               |                         |  |      |          |  |  | 99.6   |  |  |          |      |  |  |  | 99.6  | 
|PLDT-Maratel, Inc., or Maratel                                                                                     |  |               | Philippines           |  |                             | Telecommunications services                                                                                                                     |                         |  | 98.0  |          |  |  |       |  |  |          | 98.0  |  |  |  |      | 
|Bonifacio Communications Corporation, or BCC                                                                       |  |               | Philippines           |  |                             | Telecommunications, infrastructure and related VAS                                                                                              |                         |  | 75.0  |          |  |  |       |  |  |          | 75.0  |  |  |  |      | 
|Pacific Global One Aviation Company, Inc., or PG1                                                                  |  |               | Philippines           |  |                             | Air transportation business                                                                                                                     |                         |  | 65.0  |          |  |  |       |  |  |          | 65.0  |  |  |  |      | 
|Pilipinas Global Network Limited, or PGNL, and Subsidiaries                                                        |  |               | British VirginIslands |  |                             | Internal distributor of Filipino channels and content                                                                                           |                         |  | 64.6  |          |  |  |       |  |  |          | 64.6  |  |  |  |      | 
|                                                                                                                   |  |               |                       |  |                             |                                                                                                                                                
|Others                                                                                                             |  |               |                       |  |                             |                                                                                                                                                 |                         |  |       |          |  |  |        |  |  |          |       |  |  |  |       | 
|PLDT Global Investments Holdings, Inc., or PGIH                                                                    |  |               | Philippines           |  |                             | Investment company                                                                                                                              |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries                                              |  |               | Singapore             |  |                             | Investment company                                                                                                                              |                         |  | 100.0 |          |  |  |       |  |  |          | 100.0 |  |  |  |      | 
|Mabuhay Investments Corporation, or MIC(l)                                                                         |  |               | Philippines           |  |                             | Investment company                                                                                                                              |                         |  | 67.0  |          |  |  |       |  |  |          | 67.0  |  |  |  |      | 
|PLDT Global Investments Corporation, or PGIC                                                                       |  |               | British VirginIslands |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 100.0  |  |  |          |      |  |  |  | 100.0 | 
|PLDT Communications and Energy Ventures, Inc., or PCEV                                                             |  |               | Philippines           |  |                             | Investment company                                                                                                                              |                         |  |      |          |  |  | 99.9   |  |  |          |      |  |  |  | 99.9  | 



---

|(a) | On February 24, 2015, the Accounting and Corporate Regulatory Authority, or ACRA, of Singapore, the national regulator of business entities in
Singapore, approved the change in the business name of Smart Hub Pte. Ltd. to eInnovations Holdings Pte. Ltd.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(b) | OnFebruary 27, 2015, ePay and iCommerce were incorporated in Singapore to provide digital, internet, information,
communication and IT-related activities. Both subsidiaries will serve as the holding companies of other digital investments. ePay and iCommerce are 100% owned by eInnovations, each having an initial
capitalization of SGD10 thousand, or Php323 thousand. ePay was deconsolidated in February 2016 and was reconsolidated in August 2016. See Note 10  Investments in Associates and Joint Ventures  eInnovations Investment in
ECommerce Pay to the accompanying audited consolidated financial statements in Item 18. Financial Statements.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(c) | On October 1, 2015, the ACRA of Singapore approved the change in the business name of Takatack Pte. Ltd. to Takatack Holdings Pte. Ltd.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------

|(d) | On August 6, 2015, Takatack Holdings acquired 100% equity interest in Paywhere Pte. Ltd. On October 1, 2015, the ACRA of Singapore
approved the change in the business name of Paywhere Pte. Ltd. to Takatack Technologies Pte. Ltd.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(e) | On April 12, 2016, Takatack Malaysia was incorporated in Malaysia to provide development, maintenance and support services and sales and
marketing to enable the entire digital commerce ecosystem in favor of consumers, merchants, service providers and other third parties.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(f) | On
August 21, 2015, eVentures was incorporated in Singapore to serve as a holding company of other digital investments providing digital, internet, information, communication and IT-related activities. On
January 12, 2016, the ACRA of Singapore approved the change in business name of eVentures to Voyager Fintech Ventures Pte. Ltd.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(g) | On April 27, 2016, Voyager incorporated its financial technology unit FINTQ focusing on customer-centric, demand-driven and mobile-first
financial technology platforms that enable banks and non-banks in offering their respective customer base seamless digital access to loans, savings, insurance, disbursements, payments, anti-fraud and card
control services, among others. Its key thrust is to promote inclusive growth and financial inclusion leveraging on digital and mobile technologies in emerging markets.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(h) | On
December 19, 2016, Fintq Inventures Insurance Agency Corporation was incorporated in the Philippines to engage in business as an insurance agent for the distribution, marketing and sale of insurance products such as life, non-life, accident and health insurance and pre-need projects and services.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(i) | Effective
September 15, 2015, the Philippine SEC approved the amendment of Smart e-Money, Inc.s name to PayMaya Philippines, Inc.
|--- | ----------------------------------------------------------------------------------------------------------------------------------

|(j) | On
February 10, 2015, mePay Operations Philippines, Inc. was incorporated in the Philippines to market, sell and distribute payment solutions and other related services. Effective June 22, 2015, the Philippine SEC approved the amendment of
mePay Operations Philippines, Inc. name to PayMaya Operations Philippines, Inc., or PayMaya Ops. PayMaya Ops is 60% and 40% owned by PayMaya and Smart, respectively, with initial capitalization of Php1 million.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(k) | On
November 25, 2015, Smart acquired the remaining 13% noncontrolling shares of WiFun for a total purchase price of Php10 million, of which Php7 million and Php3 million were paid on November 25, 2015 and February 29,
2016, respectively.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(l) | Ceased commercial operations.
|--- | -----------------------------

|(m) | On June 16, 2015, Talas was incorporated in the Philippines to implement the Intelligent Data Fabric and immediate delivery of Big Data
capability platform of the PLDT Group.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(n) | Ceased commercial operations and under liquidation due to shortened corporate life to August 31, 2015.
|--- | ------------------------------------------------------------------------------------------------------