Cost of services rose by 39 percent to 5.3 billion pesos
for the first half of 2019, up from 3.8 million pesos
in the prior corresponding period of the first six months of 2018.
'As of last year, there were three local government units that have institutionalized their PESO
, making a total of 10 towns now,' she said in an interview, referring to the towns of Tibiao, Libertad and Anini-y.
This is slightly stronger than the 53 trade average of the peso
in June 2018.
This reversed the peso
's 5.43-percent depreciation in 2018.
"With risk appetite likely to remain fragile due to fears of a global slowdown, traders may drive the peso
back below the 13-year low set in October," DBS said.
Last week, when the peso
breached P54, he said the market was still hoping for an aggressive response particularly if this will come as an off-cycle policy action, or a response before the scheduled September 27 Monetary Board policy meeting.
has been on a downward path against the dirham this week," said one money exchanger in Dubai.
CASK in pesos
increased by 4.4%, year-on-year, while CASK in dollars increased 1.9%.