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.