outbrain
Close  

Aquino didn’t address power crisis, inflation in Sona, says stock analyst

President Benigno S. Aquino III. INQUIRER PHOTO / GRIG C. MONTEGRANDE

MANILA, Philippines— A top stock market analyst said President Benigno Aquino III’s State of the Nation Address mentioned socio-economic and political gains but offered nothing substantial on what the government would do to prevent the looming power supply crisis and solve problems leading to inflation.

Jose Mari Lacson, head of research at Campos Lanuza & Co. said, “President Aquino continues to report his socio economic and political achievements which reflect many victories. However, the key issues that the market is seriously concerned with are the imminent power crisis and supply chain problems that are fueling the inflation threat. These were weakly discussed in the SONA.”

ADVERTISEMENT

Lacson said Mr. Aquino also skipped saying anything about liberalizing local industries to spread the benefits of the country’s economic growth.  “It was interesting that President Aquino used monopolies as an analogy since many local industries follow an oligopolistic structure to which the government doesn’t appear interested in liberalizing.”

Lacson admitted he was not expecting President Aquino to discuss the 2016 elections.  “His statement in his successor comes as a surprise. This early on he appears to be campaigning. But for who? His own criteria appears to rule out everybody,” Lacson said.

FEATURED STORIES

RELATED VIDEO

RELATED STORIES

State of the Nation Address 2014

Aquino: The Filipino is worth living for

Anti-political dynasty bill to affect many aspirants in 2016 polls–solon

ADVERTISEMENT

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2016 elections, Benigno Aquino III, Business, Campos, electricity production and distribution, Inflation, Jose Mari Lacson, Lanuza & Co., liberalization, Monopoly, Philippine president, politics, power crisis, power supply shortage, SONA, Sona 2014, State of the Nation Address, Stock Market
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.