PLDT Inc. (NYSE:PHI) Q2 2023 Earnings Call Transcript

Shailesh Baidwan: I will let Gina, Head of People Group.

Gina Marina Ordoñez: We don’t expect for the second – for the balance of year any additional. But what we are doing is really focusing on the up-scaling and re-scaling of our workforce, primarily in areas that are relevant now and very much aligned to the business needs. So far, if ever we have that do not be as significant as previous year.

Melissa Vergel De Dios: Thanks Gina. There is one on the queue from Giorgio Gonzales of PEP [ph]. Any further update to the CapEx overrun? Has the total sum been pared down further from what was indicated in the first quarter? How much of the first half CapEx is from the overrun?

Marilyn Aquino: What we are going to do is to just announce to you when everything has been completed because we need to reflect in our financials any additional settlements that we enter into. So, until then, we prefer not to say anything more.

Melissa Vergel De Dios: Thanks Marilyn Aquino. Any last questions from the floor? There are none on the queue. Last chance. So, if there are no further questions, we will now turn the floor back to Mr. Pangilinan for his closing remarks

Manny Pangilinan: Thank you for joining us for this briefing. And we would like to invite you for the FIFA World Cup starting August 25, correct. First game of Gilas against the Dominican Republic at 8:00 p.m., broadcast live nationwide and globally. So, we look forward to one or two Philippine victories, we hope. So, thank you and we look forward to seeing you again on the third quarter briefing.

Melissa Vergel De Dios: That concludes today’s briefing. As always, should you have any further questions or clarifications, please reach out to PLDT Investor Relations. Thank you for your participation. Stay safe.