Investors Looking for Clearer Economic Plan from Presumptive President Bongbong Marcos
Investors want a clearer economic plan from presidential race frontrunner and former Sen. Bongbong Marcos since there has yet to have many discussions about it.
The Elections 2022 in the Philippines is over. Both local and national polls were held in the country and millions of Filipinos have voted for the country’s next president, vice president, and set of senators that would join the incumbent lawmakers in the Senate.
Ten candidates vied for the presidency this May 2022 Elections. Shortly after most of the voting precincts closed last May 9, the partial and unofficial results were posted. Former Senator Bongbong Marcos is taking the lead of the presidential race with a huge gap from his closest rival, Vice President Leni Robredo.
The camp of former Sen. Bongbong Marcos Jr. has announced victory as 98% of the votes were counted and he leads with a wide margin. As the world watches the events that unfolded in the Philippines, based on a report on ABS-CBN News, investors want a clearer economic plan from the presumptive president.
ATR Asset Management chief investment officer Sandra Araullo expressed that the anxiety that she feels as investor is that she does not hear much plan from former senator and presumptive president Bongbong Marcos. He was absent in most debates and interviews conducted.
ING Bank economist Nicolas Mapa also expressed that the community of investors is anxious but hopeful as they wait for details regarding the economic plan of Mr. Marcos. He stressed that it is important that the next president will appoint the right and qualified people in the different positions in the government.
Based on the report, Philippine Chamber of Commerce and Industry President George Barcelon expressed that they would like to see whoever is appointed by the next president to be part of the economic team has the same leadership and competency shown by the current economic team.
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