COMPANIES in the property and industrial sectors are likely to benefit from the government’s push for more infrastructure development, analysts said. READ:
Citing President Ferdinand R. Marcos, Jr.’s State of the Nation Address , and his Cabinet officials’ pronouncement in a post-SONA briefing, analysts also expect sub-sectors such as telecommunications, energy, water, construction, infrastructure, and allied services to benefit.
Mr. Marcos said that despite the threats of coronavirus disease 2019 with the discovery of new variants, the administration will not impose another lockdown. Mr. Arce said renewable energy firms that could benefit include ACEN Corp., Solar Philippines Nueva Ecija Corp., Raslag Corp., First Gen Corp., Aboitiz Power Corp. and Manila Electric Co.
“The government just has to be careful in determining which projects, funding sources, and development partners are viable,” Mr. Arce added. Furthermore, Mr. Mercado said that the government’s infrastructure push would help in easing logistical bottlenecks on food supply, and transport of goods while reducing travel time for commuters.
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