Operating expenses were up 70 percent for the reporting period and stood at just under 1.7 billion
pesos, owing to additional office, property and equipment expenses along with amortization of right-of-use assets.
These towns early this week received computer units with a printer to be used by their
PESO managers in encoding the workforce in their locality for the National Skills Registry.
(FMIC) and the University of Asia and the Pacific (UA and P) believe the strength of the
peso will likely be 'short-lived.'
Beltran noted that the
peso was the fourth weakest currency last year among 12 Asian currencies whose average depreciation in 2018 was 3.03 percent.
DBS said the
peso is seen emerging as the third worst performing currency in the region anew this year after the Indonesian rupiah and Thai baht.
Nomura in a September 10 emerging markets special report, said that while they predict the
peso weakening further to P55.50 by end-2018, the sufficient foreign exchange reserves buffer would balance any adverse effect.
According to Promoth Manghat, CEO of UAE Exchange Group, the
peso hit its lowest on Wednesday at 52.111 to a dollar, a trend not seen in the last 12 years.
Second quarter EBITDAR reached USD 3.3 billion
pesos, a 14.6% year-on-year increase.