Carlos Celdran, a known Tourist Guide and Liberal Party supporter blamed the war on drugs of President Duterte and PNP Chief Ronald “Bato” Dela Rosa for the stock market crashing in the Philippines.
But the Government owned investment company iInvest Philippines criticised Celdran for his inaccurate analysis that only cause misinformation and panic to the investors.
iInvest Philippines posted their message to Celdran on Facebook, saying that “Tourist Guides shouldn’t be Financial Analysis”
iInvest Philippines also said that there’s a lot of factors that can affect the movement of Stock Prices, not just Political Factors.
They believe that Financial Education is badly needed nowadays, because many people got misinformed by some opponents of the current administration.
The government owned investing service also offered Financial Mentors thru their Facebook Fanpage to educate the people who have questions about the movement of the stock market.
The post has gone viral and it already reached 10,000 shares on Facebook.
Meanwhile Netizen Sass Rogando Sassot also criticised Celdran and she shows the yearly statistics of the Stock Market.
The line chat that posted by Ms. Sass proves that the stock Market is lower during the past administration.