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May 10, 2016 @ 0:34

El Niño bigger concern than polls for businessmen

MANILA, Philippines – The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, is more concerned about the impact of El Niño to the economy than the outcome of the national elections.

PCCI president George Barcelon told The STAR the Philippine economy is capable of growing at least six percent this year whoever becomes the next president, but such growth assurance may be compromised if El Niño continues to wreak havoc in the country.

“We’re very optimistic in the sense the present macro-economic fundamental is in our favor. The election will not affect our economy that much. I think we should be able to retain six percent growth,” Barcelon said.

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