Taguig—(PHStocks)—LT Group Inc. (PSE: LTG) expects the business environment in 2017 to be better than the previous year, with the Duterte Administration’s infrastructure plan to “Build, Build, Build,” providing a boost.
LTG President Michael G. Tan said during the company’s Annual Stockholders’ Meeting that the Government’s infrastructure plan will increase employment, especially in the countryside, which in turn will increase the purchasing power, resulting in continued demand for the group’s products. But a lingering concern is the stiff competition, and rising inflation which will translate to higher costs.