‘Politicking Will Not Affect Business Sector’s Confidence in Economy’

Malacañang expressed confidence on Thursday that politicking, especially as the presidential election nears, will not undermine the business community’s confidence in the economy.

“Ang sektor na pangangalakal ay nagbabatay ng desisyon sa economic fundamentals,” Communication Secretary Herminio Coloma Jr. said in response to a question on the possible effects on the business sector of Vice President Jejomar Binay’s criticisms of President Benigno S. Aquino III’s administration.

“Dahil mainam ang pagtaya dito ng international at local business community, hindi natitinag ng mga usaping pampulitika ang kanilang kumpiyansa sa pambansang ekonomiya sa ilalim ng Aquino administration,” he added.

Following his resignation from his Cabinet posts, the vice president delivered a speech on Wednesday, criticizing the Aquino administration’s programs and policies.

President Aquino on Thursday countered that he does not want to be distracted from running the government and ensuring the country’s continued development but said he and his Cabinet secretaries would respond to the vice president’s criticisms point by point. (PNA) SCS/PND/RSM