These include Metro Pacific Investments Corp. (MPIC), Mexican cement giant Cemex’s Philippine unit, and Crown Asia Chemicals, First Metro Investment Corp. vice president Bede Gomez told ANC’s “Market Edge with Cathy Yang.”
“Execution is the key. I believe they will be good at what they have mentioned to execute what was planned,” Gomez said of President Rodrigo Duterte, who assumed office last week promising decisive leadership.
Optimism in the market “will remain high” in the next 12 months, with the economy expected to be largely unaffected by the fallout from Britain’s decision to leave the European Union.
Duterte’s predecessor, Benigno Aquino, had planned a similar infrastructure overhaul but only the four-kilometer Daang Hari-SLEX toll road was operational by the time he stepped down.
“I hope it will not be a repeat of the previous administration… There was a lack of actual execution and implementation,” he said.
source: www.abs-cbnnews.com
