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00:00.0
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01:32.0
Hello, hi, good evening.
02:00.0
Mr. Giselle Deci, thank you for making time for Business and Politics.
02:11.0
Good evening, sir.
02:13.0
It's an honor to be invited here to your very fabulous show, Business and Politics.
02:18.0
Well, sir, I was excited to talk to you because you have a very interesting success story.
02:24.0
I understand you came from very humble beginnings.
02:28.0
You were a sports enthusiast who got into somehow the beauty business.
02:34.0
But I understand your grandfather was a big influence in your life.
02:38.0
Maybe can you talk about that and how you started, how he inspired you or what he taught you to be the successful man you are today?
02:49.0
Actually, my grandfather is a pioneer in the cosmetic industry in the Philippines.
02:54.0
He migrated as a refugee to the Philippines in 1938 from China.
03:00.0
There was a civil war.
03:03.0
At that time, he got nothing.
03:06.0
So then the onset of the war, World War II, and he was living in the Divisoria area beside the river.
03:15.0
The good thing was he was okay with PR.
03:19.0
The ground floor was a Japanese headquarter and his home is on the second floor.
03:25.0
And then what he did was he keep on cooking and give the Japanese commanders some food.
03:32.0
That's how he survived.
03:33.0
That's how he survived.
03:34.0
And the Japanese soldiers or military gave him a go signal, continue to do your business.
03:43.0
He's cooking pomade at that time.
03:46.0
And then I remember my uncle, my grandfather said, good business.
03:52.0
Because at that time, Pesong Capital can sell 10 pesos.
03:56.0
Because there's no competition.
04:00.0
And the story was he was cooking some pomade and then he delivered to Quiapo using his bicycle.
04:09.0
Do I remember correctly, you worked for your grandfather or you were exposed to the business somehow?
04:16.0
My grandfather was well off when I was growing up.
04:20.0
He was already successful.
04:21.0
Yeah, he was very successful.
04:23.0
But he passed away at the age of 58 in the 80s at 1969.
04:28.0
I was 11 years old and there was no succession.
04:32.0
So my uncle was only 19, 20, out of high school.
04:36.0
So obviously there was no tutorial help from my grandfather.
04:43.0
And I worked for that company for four years before it closed down in 1980.
04:49.0
So that's how I started.
04:52.0
And it was really a humble beginning.
04:54.0
Because when it shut down, I have to be on my own.
04:58.0
I heard you were an aspiring athlete.
05:00.0
You played for your high school.
05:03.0
And I think that was a career you were very interested in.
05:07.0
But you had to give that up to work.
05:10.0
You're good in researching.
05:12.0
Because I played for my high school team.
05:15.0
And then I was dreaming to be a PBA player.
05:18.0
And I was thinking of I have to go to college or university first.
05:24.0
But unfortunately, my environment or circumstances doesn't allow.
05:29.0
So I have to work in the daytime and be a working student at night.
05:34.0
So I have to give up that dream.
05:37.0
And just do some pickup games on the weekends with some friends and other colleagues.
05:43.0
I was also interested in the fact that you had some very well-known mentors when you were growing up.
05:52.0
You were close to Mr. John Gokongwe when he was alive and Mr. Henry See when he was alive.
05:58.0
How did that friendship come about?
06:01.0
And then why did they take an interest in you?
06:04.0
Well, I got to know Henry See in 1980 or 1979.
06:14.0
When I was shopping for some gift.
06:18.0
Then I met him with my friend's sister there.
06:21.0
So then we met up with a small chit-chat in the Cafe LSE at the time.
06:28.0
And it was almost 5 o'clock.
06:31.0
I said, what are you guys doing?
06:32.0
He said, we're not doing anything.
06:33.0
He came to my office in the old Stock Exchange building.
06:37.0
He's out of that? Out of the blue?
06:38.0
The old one, yeah.
06:40.0
So we went there.
06:42.0
Went to his office.
06:43.0
So I got two hours.
06:44.0
Did you know who he was?
06:45.0
I know who he was already.
06:47.0
Because at the time, Shumart Department Store is already a name already.
06:50.0
They have Shumart in Makati and in Cubao already.
06:55.0
Plus the one in Quiapo.
06:57.0
So he's quite well-known, but not like the Taipan that we used to know.
07:02.0
We came from the same area, Jinjiang in Fujian.
07:07.0
So all the cities are coming from the same village.
07:09.0
So the good thing was I met Mr. Henry C. in 1980 and I met Mr. John in 1985-86.
07:19.0
Both of them gave me their, shared me their wisdom.
07:25.0
And I realized that I was ahead of my friends who are same in the early 20s.
07:32.0
I felt that I was ahead by 30 years.
07:35.0
I was in the 50s already, which is their age.
07:38.0
Because they shared me his wisdom and experiences.
07:40.0
At that time, you were already in business or you were just getting started?
07:45.0
With Henry C., I was about to get started.
07:48.0
While with Mr. John, I was already in the business.
07:52.0
So both contributed a lot to my knowledge and short-cutting the 30 years work from my 20s to my 50s.
08:04.0
So I was ahead of all my peers.
08:06.0
And I pick up everything what they shared me.
08:10.0
I put it in my brains.
08:11.0
I put it into work.
08:13.0
So that's really just luck.
08:17.0
Would you mind telling us with Mr. Henry C. first?
08:21.0
What are some of the things you remember about him?
08:24.0
And what would you consider his most maybe important advice to you as a young person?
08:31.0
You know, you were still getting started.
08:34.0
With Mr. Henry C., he told me,
08:38.0
You know what we have in common between myself, Mr. John, Soriano, Sobel, and all the other big guys?
08:46.0
We never finish our college.
08:49.0
I'm so slow in studying.
08:51.0
You gave me a good reason to quit school.
08:56.0
But if you don't finish school in your college, you're on your own.
09:00.0
You have to work your ass out.
09:03.0
And he said, very clear.
09:04.0
He said, You have to go over the hump.
09:07.0
That's maybe three, five years.
09:10.0
Once you go over the hump, you roll down.
09:15.0
I gave myself five years.
09:17.0
Following Mr. Henry's suggestion.
09:20.0
After five years, if I don't make it, I'm 25, 26, I can still go back to school.
09:25.0
So that was my idea.
09:26.0
You were still young enough.
09:28.0
So, true enough, 1983, 1984, I started AverBilena.
09:33.0
And then, 85, 86, I met Mr. Janaman.
09:36.0
So, both have the same philosophy, same wisdom that's shared to me.
09:42.0
So, when I met Mr. Jan, I was already in business.
09:47.0
And he gave me some breaks also.
09:49.0
So, I still started rolling down.
09:51.0
So, I didn't go back to school anymore.
09:54.0
I continued doing the business now.
09:56.0
Now, I remember in one of the interviews you did, you were saying that you would often
10:00.0
go to the house of Mr. Jo Hong Wei.
10:04.0
And you would just have like a Sunday afternoon.
10:07.0
I mean, what would you guys talk about?
10:08.0
I mean, what are some of the things that stick out in your mind?
10:11.0
Well, every Sunday, he's just in his North Forbes home.
10:18.0
He said, he come visit me.
10:19.0
So, I went visit him.
10:21.0
I go there maybe 3.30 to 4.00.
10:22.0
He said, he always taken up.
10:25.0
So, when I reached there, he's already awake.
10:28.0
He's laying down beside his pool.
10:31.0
So, we talked for two, three hours up to 6.30 in the evening.
10:34.0
And he said, I like you.
10:38.0
Our brainwaves can run.
10:42.0
He said, I don't talk with young guys, but with you, I can talk with you for many hours.
10:47.0
Because he was trying to see what's happening down there.
10:52.0
Because he's up there and I'm down there.
10:56.0
So, I shared with him what's happening on ground zero.
10:59.0
And on my cell phone, what's happening up there?
11:02.0
So, he will explain this is like this, like that.
11:05.0
So, it opened my mind that what we did and what we do is different from what they're doing on top.
11:13.0
So, we're adjusting.
11:15.0
So, before you reach the top, you have to do this, do that.
11:18.0
So, like he said, you can afford not to pay taxes.
11:25.0
But when you're starting to grow big, you have to pay your taxes.
11:27.0
So, that's always in my mind.
11:29.0
Because you don't pay tax, you cannot grow big.
11:32.0
BIR will get you.
11:33.0
BIR will always run after you, will get you.
11:35.0
So, I said, when do you say another?
11:38.0
You will know at the right time.
11:41.0
So, when I was growing the business, so if there's a BIR problem coming, then I remember what he's saying.
11:51.0
So, you pay the right taxes.
11:53.0
So, then you can grow the business more.
11:56.0
What other business lessons did you learn from then that maybe that you think is important
12:00.0
and that's important enough to pass on to the next generation?
12:04.0
Both of them have the same philosophy.
12:06.0
Walang tsamba-tsamba sa business.
12:09.0
You have to work hard.
12:10.0
You have to work hard.
12:11.0
And you have to know the timing, you have to be patient.
12:15.0
The tsamba is a result of your hard work.
12:18.0
And you should have good timing.
12:20.0
If you see opportunity, you have to grab it.
12:23.0
Actually, I remember now, I went to the office of Henry C.
12:27.0
There's an eagle like that.
12:33.0
Then I asked him, Mr. C., why do you have that eagle?
12:37.0
I like eagle because eagle, they soar in the sky and when they see an opportunity, which
12:43.0
is the, let's say some rabbits or something, they dive, they catch a prey, then they go
12:50.0
So, that means if there's opportunity, you have to grab it before you lose it.
12:55.0
So, you grab it, you bring up, then you look again.
12:57.0
So, if you're up there, you can see everything.
12:59.0
So, that stick in my mind.
13:03.0
And then the credibility, you can lose money, but you don't lose your credibility.
13:09.0
The credibility is very important.
13:11.0
More important than money that you will lose or you will earn.
13:15.0
When you issue a check, make sure your check will be good.
13:19.0
And if you cannot be good, mostly a week or so before the due date, you have to call
13:24.0
and say, sorry, you have to extend a little bit, then people will understand.
13:28.0
Rather than letting your check bounce, then you lose your credibility.
13:33.0
So, perspective, decisiveness, and credibility are important lessons.
13:38.0
We'll be right back with Gisele Lucid.
13:40.0
This is Business and Politics.
13:41.0
We'll take a quick break.
13:54.0
Simula ngayong March 21.
13:59.0
Atin ang mapapanood ang kwento ng dalawang bata
14:04.0
na hinarap ang mga pagsubok at mahirap na paglalakbay.
14:15.0
Sa bunda tayo sa Xiamen, may larawan tayo ni Papa.
14:17.0
Mas gusto ko na umalis tayo dito kaya sa paglalakbay,
14:19.0
Sa bunda tayo sa Xiamen, may larawan tayo ni Papa.
14:22.0
Mas gusto ko na umalis tayo dito kaya sa paglalakbay,
14:25.0
Sa bunda tayo sa Xiamen?
14:27.0
Oo nga, hahanapin natin doon si Papa.
14:30.0
Mama, alam ko naman na mali ako eh.
14:35.0
Mula ngayon, mapapakabait na ako.
14:38.0
Napanaginipan ko si Lola.
14:40.0
Nasa ilalim ng dagat at giniginaw na daw siya.
14:45.0
Mahanap lang ang kanilang amang sa kanilay iwinalay.
14:53.0
Samahan ang mga Chinese superstar ngayon na si Lu Ziyi at Son Chanyu
14:59.0
bilang Xiaojun at Xiaoji sa TV drama series
15:04.0
na nagpaantig sa puso ng mga manonood sa Asia.
15:08.0
Sa Pilipinas, mapapanood na Papa.
15:19.0
Alas 8 ng gabi, dito lamang sa SMNI.
15:43.0
Former President of the Philippines.
15:50.0
Former Davao City Mayor.
15:52.0
Well-loved Filipino public servant.
16:03.0
Talks to the nation once again with its popular public service program,
16:08.0
Gigan sa Masa para sa Masa.
16:11.0
I look forward to the resumption of my original program.
16:18.0
Way, way back, Gigan sa Masa para sa Masa.
16:21.0
Great expectations.
16:23.0
Everything that is relevant to the lives of the Filipinos.
16:27.0
Issues of everyday, you know, whatever.
16:34.0
Anything under the sun.
16:36.0
Catch it live weekly on SMNI.
16:42.0
In the spirit of nation building.
16:46.0
Only here on SMNI.
17:01.0
Welcome back to Business and Politics.
17:03.0
We're talking to Mr. Gisele Lisi.
17:05.0
Sir, I'm still curious.
17:07.0
I'm trying to make that connection.
17:09.0
You're a sports enthusiast.
17:11.0
Your grandfather was in the pomade business.
17:13.0
But how did you get into a business for women?
17:16.0
I mean, beauty products of all things.
17:18.0
Well, I started in nail polish.
17:21.0
At that time, starting up.
17:23.0
Because that's the most popular items.
17:25.0
And then, I have to expand the business.
17:28.0
So I went to lipstick, eyeshadow.
17:32.0
I mean, you could have, I mean, you're...
17:35.0
People thought I was a bakla.
17:37.0
A gay guy doing the ladies' business.
17:43.0
So people ask me,
17:45.0
How did you get to know what the ladies want?
17:49.0
I said, it's easy.
17:53.0
So we dated a lot of girls.
17:56.0
They thought I was asking,
17:58.0
What's your favorite eyeshadow color?
18:01.0
And they were curious.
18:02.0
Why do you ask all those questions?
18:06.0
You're doing market research.
18:07.0
I'm doing market research.
18:09.0
So that's how I started.
18:11.0
And the other way of looking at it is,
18:14.0
At that time, we were only on TV.
18:16.0
A lot of social media.
18:18.0
So I look at, like, Vilma Santos,
18:22.0
And I look at their color,
18:23.0
Their eyeshadow, lipstick, and blush on.
18:26.0
Then I will countercheck with the girls that I'm dating.
18:31.0
And they will say,
18:32.0
Oh, that's where we copy the colors.
18:35.0
So that proves that my intuition is right.
18:39.0
So when I go to my trip,
18:41.0
At that time, all my products are from Taiwan.
18:44.0
Because there's no China yet.
18:45.0
So I got all the color chart.
18:48.0
So that's where I,
18:49.0
And then I bring it home.
18:51.0
And I show it to the girls.
18:52.0
Is this one a good color?
18:54.0
Is this one a good match?
18:55.0
Sounds like that was your style to pick up girls.
19:03.0
It's a win-win situation.
19:04.0
So I get free consultation.
19:08.0
I just invite them for dinner.
19:10.0
So you give true meaning to following your passion.
19:14.0
Passion for everything.
19:17.0
Now, correct me if I'm wrong.
19:19.0
There are so many changes in EverVilena.
19:22.0
You survived the pandemic.
19:24.0
But your daughter is also playing a large part in the business now.
19:29.0
I'm lucky to convince her to come back.
19:34.0
She graduated in Berkeley in 2014.
19:37.0
Okay, in the U.S.
19:38.0
I remember two months before her graduation.
19:44.0
Dad, I got two offers.
19:46.0
$50,000 on the operation.
19:50.0
Then a week or two before graduation,
19:52.0
She said, Dad, I got four offers.
19:54.0
In the $75,000 area.
19:58.0
This is dangerous.
19:59.0
Because in my mind,
20:00.0
If she starts working there,
20:02.0
She will stay there.
20:04.0
So I have to fly there again and talk to her and convince her.
20:09.0
I remember I told her,
20:11.0
Okay, you think today is good.
20:16.0
But after 10 years,
20:17.0
You will still be an employee.
20:20.0
Maybe after 15, 20 years,
20:22.0
You go up to maybe $120,000, $150,000.
20:26.0
You run the business.
20:27.0
I train you for the succession.
20:31.0
And 10 years, 15 years after,
20:33.0
You own the business.
20:35.0
So you become my boss.
20:37.0
And it's already now.
20:38.0
I called her my boss already.
20:39.0
My dad says something similar.
20:41.0
He says he's retired.
20:42.0
He says he's retired.
20:44.0
But he calls me every morning.
20:47.0
Asks me about the headline.
20:48.0
Why did you sell this?
20:50.0
Are you the same way?
20:51.0
More or less the same.
20:53.0
So I just pay for all her shipments.
20:57.0
But before the end of the month,
20:59.0
How's your collection?
21:01.0
It's very similar.
21:04.0
You have to give me more money
21:05.0
because I have to pay your shipment.
21:07.0
So it's very similar.
21:11.0
That means you probably
21:13.0
have more time for something else.
21:15.0
Are you relaxing?
21:16.0
Are you into other business ventures?
21:19.0
If I will stay with Ever Vilena,
21:22.0
I'll be so bored today.
21:24.0
Because I'm not doing anything.
21:25.0
Because your daughter is running the show.
21:26.0
Yeah, she's the one running.
21:27.0
I don't know how to order anymore.
21:30.0
I don't have any idea on the social media.
21:32.0
Because we're old school.
21:33.0
I thought you were going to say
21:34.0
you don't know how to date anymore.
21:38.0
When she was coming back,
21:40.0
You have to take over
21:41.0
because I cannot date
21:42.0
that 20 plus year old girls anymore
21:44.0
because I'm going 60 or 50 plus.
21:48.0
You're really a dirty old man.
21:50.0
I'll do that for you.
21:52.0
So that's the funny side
21:55.0
and the good thing now
21:57.0
that Denise is involved.
22:06.0
That's what we are brought up to.
22:12.0
We don't know that.
22:15.0
when 2014 she came home,
22:17.0
it's still the same
22:18.0
and she was so mad
22:19.0
that you don't have the social media
22:21.0
because at the time
22:22.0
we're still using the Nokia.
22:25.0
I saw the influx of the
22:30.0
This is the time.
22:32.0
So she took over.
22:34.0
You do what you want.
22:38.0
whatever you recommend.
22:39.0
How old is she now?
22:40.0
She's now 30 years old.
22:41.0
Oh, still very young.
22:42.0
Still very young.
22:43.0
And you're into other businesses now.
22:46.0
Can you tell us about that?
22:48.0
6 years I expanded to properties.
22:53.0
I did a collaboration with Ayala.
22:59.0
So they also helped fund
23:01.0
all our projects.
23:04.0
you are finishing our first building
23:06.0
hopefully end of the year.
23:08.0
Is that the one in the FTI?
23:14.0
The other thing I'm busy with now,
23:16.0
I invested a year and a half ago
23:19.0
during the COVID lockdown.
23:21.0
A company called BCNET.
23:23.0
It's a broadband internet company
23:29.0
So with our president's dream
23:33.0
of digitalizing the whole country.
23:38.0
because in Indonesia,
23:41.0
there's 13,000 islands.
23:44.0
And they have 10 satellites.
23:46.0
We have 7,000 islands
23:47.0
but we don't have satellite.
23:49.0
So that's one of the things
23:50.0
that I want the government
23:52.0
Maybe it's about time
23:53.0
that we country invest
23:58.0
unserved and underserved islands.
24:01.0
Because in Indonesia,
24:02.0
they have one satellite
24:03.0
just to cater all the ATM machines.
24:07.0
So that's why the whole Indonesia
24:09.0
and economy is booming
24:10.0
because countryside,
24:12.0
they have the circulation money
24:14.0
and circulation of the monies
24:17.0
Like we have GCAS now
24:18.0
but if there's no internet,
24:19.0
we don't have GCAS.
24:22.0
the market share of Busynet.
24:23.0
I mean, how are you now?
24:26.0
What are your expansion plans?
24:28.0
We have a lot of plans
24:30.0
and projects for Busynet.
24:34.0
we're the biggest contributor
24:38.0
For the wireless technology.
24:44.0
with some projects
24:48.0
and also our armed forces,
24:50.0
we're trying to help them
24:51.0
do their satellite feeding
24:54.0
on their communication.
24:56.0
So these are ongoing discussion
25:00.0
with the government.
25:02.0
We hope that the budget
25:03.0
will come out soon.
25:05.0
It's already almost done deal
25:07.0
but we are waiting
25:08.0
for the government
25:09.0
to have their project budgets,
25:12.0
so that they can start
25:13.0
doing the bidding processes.
25:15.0
So is this a business
25:19.0
or are you also looking
25:20.0
at commercializing it
25:21.0
to ordinary households?
25:23.0
It's more of being
25:24.0
a supplier to the government.
25:28.0
It goes to bidding.
25:29.0
So we're just waiting
25:30.0
for the government
25:31.0
to announce a bidding.
25:37.0
how is this going to be different
25:38.0
from the Starlink
25:39.0
that we've been hearing about?
25:41.0
Or is that a different
25:42.0
business altogether
25:43.0
because that seems
25:45.0
to individual households?
25:49.0
while what we are using now
25:51.0
is the high orbit.
25:53.0
And then Starlink
25:54.0
is more on the private sector.
26:01.0
business institutions.
26:04.0
So it's a bit different
26:05.0
from what we are doing.
26:07.0
But they're not competitors?
26:09.0
It can be supplementing.
26:11.0
There can be synergy
26:13.0
between our existence
26:16.0
So what is the main offering
26:21.0
Or is it all of those things?
26:22.0
Or is it something else?
26:25.0
because we are buying
26:26.0
our satellite link
26:27.0
from other countries.
26:34.0
because there is already
26:35.0
a shortage of satellite feed.
26:39.0
That's why it's about time
26:40.0
that the government
26:41.0
should look at investing
26:42.0
on having our own satellite.
26:45.0
To help all our countryside
26:47.0
develop the businesses also.
26:50.0
And the real estate business,
26:51.0
can you talk about that?
26:52.0
That sounds exciting.
26:55.0
at commercial development,
26:57.0
residential development,
26:59.0
It's more on office.
27:04.0
Commercial, yeah.
27:05.0
Commercial leasing.
27:07.0
The market is a bit soft today.
27:12.0
global inflation,
27:13.0
high interest rate.
27:14.0
And I strongly believe
27:16.0
on the second half of the year,
27:18.0
once inflation drops,
27:21.0
I believe the interest rates
27:22.0
will drop as well.
27:24.0
Once you see the interest rate
27:26.0
we can see people
27:27.0
start investing again.
27:31.0
with the high interest rate,
27:32.0
people would rather keep
27:33.0
their money in the bank
27:34.0
rather than investing.
27:38.0
what's the strategy?
27:39.0
Do you just continue developing
27:41.0
until the market recovers?
27:43.0
Or are you doing something else?
27:46.0
We are continuing developing
27:48.0
and looking at other opportunities.
27:50.0
And there's one I'm looking at now
27:53.0
is for the agri-farming.
27:56.0
Because I think by next month
27:59.0
we'll be flying to Vietnam
28:00.0
to look at their shrimp
28:03.0
and aqua farming.
28:05.0
So there's a company
28:06.0
we're talking to now.
28:07.0
They want to make aqua farming
28:09.0
like raising poultry.
28:12.0
So it's a mass-scale aquaculture
28:16.0
that will bring down
28:17.0
the cost of aqua farming
28:25.0
and all other seafood
28:27.0
on the shoreline.
28:29.0
So I love that idea
28:32.0
because we want to help
28:33.0
bring down inflation.
28:38.0
Because we've got 7,000 islands.
28:39.0
We've got all the waters
28:42.0
No, that's very interesting
28:44.0
that's one of the thrusts
28:45.0
of the government
28:46.0
is to convince people like you
28:48.0
to also go into agriculture
28:50.0
and food production.
28:52.0
But are you looking at
28:54.0
the high-tech type of setup?
28:58.0
Because I've seen some people
29:02.0
set up aquaculture operations
29:06.0
or maybe do some hydroponics
29:10.0
Or are you just purely
29:12.0
exploratory at this point?
29:14.0
We're exploring at the moment.
29:16.0
is not really high-tech
29:17.0
because you should be
29:19.0
using the seawater
29:21.0
instead of inland fresh water.
29:25.0
Because with the seawater,
29:26.0
the water replenishes
29:28.0
High tide, low tide.
29:29.0
It comes in, comes out.
29:31.0
So that's what I'm looking at.
29:34.0
how they are doing there
29:36.0
plus also their inputs.
29:38.0
When I say inputs,
29:41.0
that these Vietnamese companies
29:44.0
So I want to do the aquaculture
29:49.0
How do they do it
29:51.0
to make it lower?
29:53.0
I'm in one with our president
29:56.0
in bringing down inflation.
29:58.0
Once we bring down inflation,
30:00.0
our business will flourish.
30:04.0
because we have no excess cash
30:07.0
people are having a hard time.
30:09.0
It's like my giving back.
30:11.0
I'm not that young anymore.
30:13.0
I want to do something
30:15.0
for the next generation.
30:19.0
What caught your eye there?
30:20.0
I think Thailand also
30:22.0
does a lot of aquaculture.
30:24.0
So does Indonesia.
30:26.0
What caught your eye there?
30:28.0
Something must have.
30:29.0
That company was introduced to me
30:31.0
by a Japanese investment company.
30:34.0
Their first approach
30:37.0
Vietnam has the longest shoreline.
30:39.0
2,200 kilometers.
30:41.0
Slender but long shoreline.
30:43.0
It's not an island.
30:46.0
That's when I got curious.
30:48.0
So we do researching
30:50.0
and we do some small investment
30:52.0
with those companies there
30:54.0
and see how they do.
30:55.0
That's interesting.
30:57.0
That's how I get more excited
31:01.0
they're inviting us to visit them
31:03.0
in the next few months.
31:04.0
So we'll be flying there.
31:06.0
So I want to have a look.
31:08.0
First, I look what they are doing there.
31:10.0
So is that how you look at
31:13.0
Maybe you try it out first.
31:15.0
You invest a little bit.
31:17.0
Is that something you learned
31:18.0
from Hendersey or John Gokong?
31:19.0
Or is that purely
31:20.0
just sell the sea already?
31:22.0
it's a mix of all.
31:27.0
I don't go in big.
31:30.0
It's like you go in a restaurant.
31:31.0
Taste it a little bit.
31:33.0
then you order more.
31:36.0
and have a big meal
31:37.0
and then it's not good.
31:41.0
And see how it works.
31:44.0
my small investment
31:47.0
and then they got
31:48.0
an invite from them.
31:50.0
We'll go and take a look.
31:53.0
taking another quick break.
31:54.0
This is SMN Express
31:56.0
We're talking to Mr. Gisele Dusey.
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Starting this March 21,
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we will be watching
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Papa and I have a picture.
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I'd rather leave here
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than be separated.
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We'll go to Xiamen?
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We'll look for Papa there.
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I know I was wrong.
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I'm not going anywhere.
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I'm a good girl now.
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and I miss her so much.
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34:54.0
Welcome back to SMNI.
35:03.0
This is Business and Politics.
35:05.0
We're talking to Mr. Giselle Desi.
35:07.0
Sir, I'm just curious.
35:08.0
You brought up this desire of yours
35:11.0
to help out the Marcos government.
35:13.0
It's a fairly new government
35:16.0
and it's less than a year old,
35:18.0
but what do you think
35:20.0
should be done by this government
35:22.0
to help people like you
35:24.0
to go into business,
35:25.0
to look into new businesses,
35:28.0
How can government help you?
35:31.0
it would be the best way
35:33.0
by government support
35:35.0
some government funding.
35:38.0
I'm very optimistic
35:39.0
because I'm taking
35:41.0
a very serious look
35:42.0
at this Maharlika fund,
35:44.0
Maharlika investment bill.
35:46.0
And because right now,
35:48.0
the author or the one in the Senate
35:51.0
is Senator Mark Milliar,
35:52.0
which is a very dear friend.
35:55.0
I was able to talk to him
35:56.0
and I was throwing
35:57.0
a lot of questions.
35:59.0
And another thing
36:00.0
that interests me was,
36:01.0
he said from a 15-month director,
36:04.0
it will go down to seven.
36:08.0
I love that idea.
36:12.0
Because a 15-month team director,
36:14.0
it's so hard to get people together
36:18.0
With a seven-month team,
36:19.0
it's pretty easier
36:20.0
and it will be a closer teamwork.
36:25.0
about the Maharlika?
36:27.0
is it something that you think
36:29.0
can help business like yours
36:31.0
or maybe it will be something bigger
36:33.0
to help the country in general?
36:35.0
I think it will help the country
36:36.0
because I look at the Temasek Holdings
36:40.0
and they have another fund,
36:42.0
I believe it's for JIC or JIL,
36:44.0
something like that.
36:45.0
Yeah, the Singapore Wealth Fund.
36:46.0
Yeah, Singapore Wealth.
36:47.0
Government Wealth Fund.
36:53.0
the other big investors
36:55.0
will invest to these funds.
36:59.0
who are investing,
37:00.0
the other country's pension fund
37:03.0
or whatever fund coming,
37:05.0
it should be bigger
37:08.0
with their participation,
37:09.0
there will be more controls.
37:13.0
Temasek will invest also here
37:16.0
They will not just let you
37:17.0
do this and do that.
37:19.0
there will be a countercheck
37:21.0
on what Maharlika
37:29.0
it will be monitored
37:30.0
and it will be audited
37:33.0
by the foreign funds as well.
37:35.0
we have to take away
37:39.0
corruption or something
37:40.0
because the foreigners
37:41.0
will be involved here.
37:44.0
it's still making its way
37:45.0
through Congress, right?
37:48.0
what the final version
37:50.0
with regard to mechanics.
37:52.0
one of the things
37:53.0
they were talking about
37:54.0
was the possibility
37:58.0
that's a good idea
37:59.0
for people like you
38:03.0
in the wealth fund?
38:06.0
Because we're also investing
38:10.0
financial institutions
38:13.0
in the Vietnam fund.
38:18.0
I got to know them.
38:23.0
on what they are doing
38:24.0
because we are investors.
38:26.0
They accommodated us
38:32.0
the same thing here.
38:34.0
That if they invested here
38:35.0
and the Mahalika fund
38:36.0
invested in a certain
38:38.0
there will be questions asked
38:39.0
and this business
38:41.0
but to accommodate
38:43.0
and invite them to come
38:44.0
to the Philippines.
38:46.0
one of the things
38:47.0
they've talked about
38:50.0
infrastructure projects,
38:51.0
development projects
38:52.0
in the Philippines.
38:54.0
what kind of project
38:56.0
would be most helpful
38:57.0
to people like you?
38:59.0
infrastructure project?
39:00.0
Is it the satellite
39:01.0
that you're talking about?
39:02.0
Is it something else
39:03.0
that would be helpful?
39:04.0
What would have the best
39:05.0
or the most impact?
39:06.0
I think there's a lot
39:08.0
that we put together.
39:10.0
The satellite is one
39:29.0
by the businessman.
39:33.0
the government itself,
39:47.0
it's okay to earn
39:50.0
What's wrong with businessmen?
39:51.0
You're a businessman.
39:54.0
basic commodities.
39:56.0
So, it's a basic commodity.
40:03.0
my business is makeup.
40:05.0
So, it's not regulated.
40:06.0
It's not essential.
40:09.0
food is more essential.
40:12.0
you can sell more makeup
40:13.0
is the people have
40:14.0
excess money to buy.
40:17.0
if all the essentials
40:22.0
I was just wondering
40:23.0
if you can look at
40:24.0
your own experience
40:27.0
starting and growing
40:29.0
and if you were talking
40:30.0
to the, you know,
40:33.0
what would have been
40:34.0
a good government
40:36.0
that would have made,
40:46.0
when my grandfather
40:54.0
during Marco's time,
40:58.0
everything was cheap.
41:03.0
my parents complaining
41:10.0
budget for our own
41:11.0
but we don't feel
41:20.0
our other things.
41:28.0
it's only 10 cents.
41:35.0
that's 50 years ago.
41:44.0
I think you also have seen it
41:45.0
and experienced it
41:46.0
during those times.
41:48.0
the best is to bring it back
41:53.0
have excess money
41:55.0
business will flow.
42:01.0
how can that be done?
42:06.0
one of the solutions
42:13.0
Senate President Zuberi
42:17.0
I guess with the aim of,
42:20.0
countering the impact
42:21.0
of the inflation,
42:26.0
food expenditures
42:27.0
or these volatile items
42:32.0
in a household's income,
42:42.0
labor wage increase.
42:46.0
the low supply and demand.
42:49.0
you mandate increase
42:53.0
the 150 peso a day.
42:55.0
Then we might cut
42:56.0
30% of our workforce.
42:58.0
So once that happens,
42:59.0
it's going to be chaotic,
43:00.0
more problem will come up.
43:03.0
the correct way is
00:00.0
43:36.000 --> 43:37.000
43:40.0
you don't see that.
43:42.0
Small tracts of land
43:44.0
houses are sprouted
43:46.0
I think you should
43:50.0
That houses should be
43:52.0
And this huge tract of land
43:57.0
then we have a good
44:03.0
so it will not be,
44:06.0
That's our problem.
44:08.0
planting harvest,
44:09.0
that's spoiled because
44:12.0
correct storage in the
44:14.0
It's all here in Manila.
44:16.0
And nobody wants to
44:21.0
you were talking about,
44:23.0
working with agencies
44:28.0
I'm sure as a businessman,
44:29.0
you also dealt with
44:31.0
with different government
44:33.0
Is there something
44:34.0
elsewhere in government
44:37.0
make it easier for you?
44:38.0
Because a lot of people
44:41.0
the Philippines has a
44:42.0
lot of bureaucracy
44:45.0
is there something
44:46.0
that can be done?
44:47.0
I think you have to
44:56.0
It's streamlined,
44:59.0
So it's very hard
45:02.0
I've been telling
45:06.0
I'm not in my office.
45:12.0
It's like a bank.
45:22.0
knockout happening.
45:26.0
so what the printout
45:30.0
So there should be,
45:31.0
people should try
45:34.0
So that's exactly
45:51.0
the real value now.
45:58.0
what about access
46:03.0
entrepreneurs who
46:04.0
are just starting,
46:05.0
is that an issue or
46:09.0
some other things
46:10.0
that we should look at?
46:11.0
I don't think I'm
46:12.0
the right person to
46:14.0
access to capital
46:24.0
But for the young guys,
46:25.0
obviously they don't
46:35.0
your credibility,
46:38.0
Once you build it up,
46:39.0
people will go to you
46:40.0
and give you more credit.
46:42.0
generally the business
46:43.0
people will give you
46:46.0
But as you grow bigger,
46:47.0
the banks can see
46:53.0
Once they see you
46:55.0
they will offer you
46:56.0
some credit line.
46:57.0
That's very automatic.
47:00.0
there's no record
47:01.0
of bouncing checks.
47:02.0
Banks will offer you
47:03.0
clean loan for sure.
47:04.0
So credibility is still
47:06.0
Credibility is still
47:12.0
we'll take another
47:15.0
Business and Politics.
47:16.0
We'll be right back.
47:17.0
I, Rodrigo Roa Duterte.
47:32.0
Rodrigo Roa Duterte,
47:35.0
of the Philippines.
47:41.0
Former Davao City mayor.
47:44.0
Well-loved Filipino
47:54.0
Talks to the nation
47:57.0
public service program,
48:03.0
to the resumption
48:12.0
Great expectations.
48:17.0
of the Filipinos.
48:20.0
that will come back,
48:26.0
anything under the sun.
48:36.0
of nation building,
48:58.0
successful nation building
49:08.0
is Sas Rogando Sasot,
49:28.0
This is Business of Politics.
49:29.0
We're talking to Mr.
49:31.0
We'll be talking a lot
49:35.0
Uh, but, you know,
49:36.0
sports is sort of, uh,
49:37.0
a business for you.
49:40.0
Blackwater Bossing.
49:50.0
win the PBA today.
49:56.0
best players in town.
49:57.0
They got all the budgets.
50:00.0
I was in Okinawa,
50:06.0
called the Ryukyu,
50:13.0
Well, they have, uh,
50:15.0
one of our player
50:21.0
merchandise of their
50:27.0
should take a look
50:32.0
running their own
50:35.0
selling their jerseys,
50:41.0
budgets to support
50:44.0
these are eye-openers
50:48.0
is different already.
50:50.0
It's a team game.
50:58.0
but cannot win games.
51:02.0
practice with your team?
51:03.0
I heard you practice
51:04.0
during the warm-up.
51:05.0
I used to do that
51:07.0
the COVID lockdown.
51:11.0
three years already.
51:13.0
last month I tried
51:14.0
but cannot do it anymore.
51:21.0
what's the future?
51:37.0
what's your plan?
51:45.0
that's not there anymore.
51:48.0
right now I want to help
51:49.0
the PBA and the other governors
51:50.0
to take a look at,
51:53.0
as a money earning
51:58.0
right now it's all the companies
51:59.0
It's all going out.
52:05.0
like that store in,
52:06.0
200 million peso sales
52:14.0
The 100 million is already
52:15.0
enough to fund the
52:19.0
we should do that,
52:20.0
something like that
52:21.0
and tweet it na lang.
52:23.0
Have you had a chance
52:25.0
with the PBA officials
52:29.0
The licensing for the
52:32.0
there's already licensing
52:34.0
itself running it.
52:35.0
To do it on their own.
52:39.0
maybe PBA come up
52:43.0
all the teams have
52:44.0
their merchandise there.
52:50.0
Something like that.
52:53.0
creativity in how to
52:54.0
make your team popular,
53:01.0
happy now with PBA.
53:03.0
Is that your sense
53:07.0
what's your sense
53:13.0
Not like a few years back
53:15.0
and the MVP group
53:20.0
government yan eh.
53:23.0
when there's always infighting.
53:25.0
the competition on the court
53:31.0
we don't see that anymore.
53:33.0
Supporting one another.
53:35.0
all the PBA teams
53:38.0
on the World Cup,
53:39.0
forthcoming World Cup.
53:47.0
that I'm looking at.
53:55.0
and all the other stuff.
53:56.0
I think it's about time
53:57.0
that PBA should get
53:58.0
some young brains.
54:01.0
I asked my daughter
54:02.0
to be 30 years old.
54:04.0
every billennium?
54:06.0
something like that.
54:07.0
It gets young people
54:09.0
to make the league younger.
54:11.0
Make it more exciting
54:14.0
we know who we are.
54:19.0
to help run the league.
54:20.0
I'm not an expert
54:23.0
there are many other
54:27.0
Is that good or bad
54:30.0
these small leagues
54:31.0
need opportunities.
54:39.0
It's all the companies
54:43.0
these guys are coming up
54:44.0
because they can see
54:56.0
by the younger people.
54:57.0
What do you think about,
54:59.0
maybe changing it
55:01.0
a stupid question,
55:02.0
but what do you think
55:05.0
following the style
55:08.0
regional representation
55:11.0
Because, you know,
55:12.0
in the collegiate level,
55:22.0
how do we replicate
55:24.0
professional league?
55:26.0
we have, you know,
55:27.0
equally high passions
55:28.0
for different teams
55:30.0
The NBA is successful
55:32.0
home and away concept.
55:36.0
this coming year,
55:37.0
they will have more
55:38.0
of the out-of-town games.
55:41.0
three, four years ago
55:42.0
because for obvious reasons,
55:46.0
Now that it's open,
55:47.0
so PBA is looking
55:57.0
would have the standards
55:58.0
that are, you know,
55:59.0
professional in level?
56:01.0
enough arenas already
56:03.0
Outside of Inter Manila.
56:04.0
Yeah, there's a lot already.
56:05.0
So that's not an issue?
56:06.0
That's not an issue anymore.
56:09.0
have it more often.
56:11.0
And also to create
56:19.0
something like that.
56:23.0
PBA should open up
56:26.0
to create excitement
56:27.0
and you will have
56:28.0
natural followings.
56:35.0
that we should be
56:37.0
I know basketball
56:43.0
until a few years ago,
56:50.0
that we should be
56:52.0
I know basketball
56:59.0
you love the game.
57:03.0
a shorter stature.
57:10.0
is a mass market product,
57:11.0
basketball is still
57:16.0
is not mass marketed,
57:18.0
why you should be there.
57:34.0
it's a mass market product.
57:37.0
playing the sport,
57:38.0
playing basketball,
57:39.0
did that help you
57:40.0
as a businessman?
57:41.0
Or is there anything
57:45.0
as an entrepreneur?
57:48.0
basketball helps a lot.
57:50.0
my management team.
57:53.0
I professionalized
57:59.0
two to three years
58:00.0
before I have the team.
58:03.0
that team we formed
58:13.0
the basketball team.
58:15.0
like a basketball team?
58:19.0
I don't have to explain.
58:20.0
You know who the players are?
58:23.0
So, it's very similar.
58:25.0
I'm not Michael Jordan.
58:28.0
or I cannot get the glory.
58:30.0
with the whole team.
58:31.0
So, that's the way
58:32.0
to run the business also.
58:35.0
that your sports activities
58:37.0
also overlap politics a bit.
58:40.0
There was a time,
58:41.0
I think you were telling me before,
58:44.0
President Marcos,
58:45.0
but he was not president then.
58:47.0
He was a senator back then,
58:48.0
was doing some endorsements
58:53.0
That was 2008-2009.
58:57.0
We call him Bongit.
58:59.0
for senator in 2010.
59:04.0
can you be my endorser?
59:08.0
I said, smell good,
59:13.0
So, we even went to his house
59:14.0
to have a photo shoot.
59:24.0
you will be president one day.
59:25.0
I already know it in my heart.
59:26.0
How did you guys meet up?
59:28.0
Was he watching a game,
59:29.0
or did you get introduced
59:31.0
No, he was introduced to me
59:32.0
by Wilson Flores,
59:36.0
So, he's a dear friend.
59:37.0
And then he said,
59:39.0
He asked me one question.
59:41.0
Who is the best president for you?
59:46.0
Oh, I'll call Aimee.
59:49.0
He really called.
59:50.0
And he put me on the line.
59:52.0
So, thank you, thank you
59:55.0
I'd like to meet you
59:56.0
one of these days.
59:57.0
So, after a week or two,
59:59.0
with Aimee and Bongbong.
60:03.0
our friendship started.
60:05.0
we still text, text.
60:08.0
So, are you looking at
60:09.0
any other politicians
60:12.0
of your products?
60:14.0
Sunny Angana did it for me.
60:17.0
Sunny Pacquiao also.
60:20.0
the Senators are like
60:22.0
So, these are the personalities
60:23.0
we'll be looking at.
60:26.0
that's all the time
60:29.0
our conversation today.
60:30.0
But before we go,
60:32.0
maybe you'd like to
60:38.0
for inviting me over.
60:41.0
a pleasure and honor
60:44.0
I hope our audience
60:45.0
support your show.
60:50.0
work hard for the dream.
60:52.0
come true one day.
60:55.0
you guys continue
60:58.0
Business and Politics.
61:04.0
thank you very much.
61:08.0
I'd like to thank
61:12.0
watching the replay.
61:13.0
I'd also like to thank
61:14.0
Pastora Pollocky Buloy
61:15.0
for making this program
61:18.0
Business and Politics,
61:19.0
and I will see you next week.
61:45.0
Subscribe to SMNi News channel and turn on the notification bell to keep you up to date.
61:56.0
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