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00:00.0
So ano yung mga countries na may best practices on Sovereign Wealth Fund?
00:05.4
Kasi maganda na, tignan na natin kung ano yung mga magagandang practices abroad ng ibang mga bansa
00:12.8
to make sure na hindi na natin uulitin yung mga bad practices at kopyahin na natin yung mga magagandang practices nila, di ba?
00:21.2
So ano ba yung ibig sabihin ng best practice in terms of Sovereign Wealth Fund?
00:26.5
Mayroon dapat clear objective. Okay? Check natin ang Maharlika Fund on that.
00:32.6
Maganda naman kasi ang objective niya ay national development. Okay, I agree.
00:39.5
Mag-agree ako dyan.
00:41.5
Dapat mag-implement ito ng robust governance and operational frameworks.
00:46.6
Aha, dito na tayo medyo sumasablay, di ba?
00:50.2
Kasi yung robust governance, sa transparency international at sa global transparency index ay ang baba natin, di ba?
01:00.1
So medyo challenging pa tayo dyan.
01:03.2
Ensuring high standards of transparency and accountability. Hello!
01:08.1
Yung Freedom of Information Bill na priority ng past administration ay hindi naman talaga na ipapatupad yung Freedom of Information Law natin.
01:20.6
So ito yung mga best practices na dapat titignan natin sa Sovereign Wealth Fund.
01:27.1
So sa una, walang problema dyan kasi talagang madali naman magsabi ng layunin at objective, di ba?
01:33.6
The devil is in the details.
01:35.4
Kahit na sinabi mo pa na ang objective ko ay maging Miss Universe, magandang objective yan.
01:41.3
Pero kaya mo ba? Balingkinitan ka ba? Magaling ka bang sumagot sa Q&A?
01:48.6
Ganon din sa Sovereign Wealth Fund. Madaling maglagay ng mga objective pero yung governance, operational frameworks, transparency and accountability,
01:57.0
kailangan pa natin isaalang-alang ang mga yan.
02:04.5
Okay. Ang isa sa pinakamagagaling na gumagawa ng kanilang Sovereign Wealth Fund ay ang Norway.
02:13.6
Ang kanilang Government Pension Fund Global which is managed by the Norwegian Investment Management.
02:26.3
So ito ay funded by oil revenues. So galing po sa langis o windfall yan.
02:34.8
Parang naka-discover sila ng kayamanan at sabi nila hindi natin dapat ito ginagastos para sa atin lang.
02:41.6
Pwede ito sa future ng bansa natin at mapapakinabangan ng susunod na henerasyon.
02:48.0
Meron bang ganyan sa Pilipinas? Walay.
02:52.5
Actually meron tayo doon. Yung malampaya, gas. Pero question mark kung nasan yung pera.
03:02.0
Actually nalulugi pa nga yato o yung pondo ay nagamit natin. So hindi talaga sya pang surplus.
03:10.2
So yan. This is intended to finance public pensions and prevent economic overheating.
03:16.8
Yan po yung sa Norway.
03:21.7
And ang Norway na Sovereign Wealth Fund, known po yan for its high transparency and ethical investment guidelines.
03:30.8
Kasi napakababa naman talaga ng corruption sa bansang yan.
03:35.8
At yung kanilang investment guidelines talaga ay malinaw na malinaw.
03:46.3
Okay. So ang susunod naman ay ang Singapore.
03:49.4
At ang Singapore may dalawa siyang sovereign wealth fund.
03:55.8
Diba nagmamataray itong Singapore?
03:58.1
Not one siya. Not one but two sovereign wealth funds siya.
04:05.0
At ang kanyang sovereign wealth funds ay tinatawag na Temasek Holdings at yung isa naman ay Government of Singapore Investment Corporation.
04:13.0
Okay? So ito ay napondohan naman by Singapore's foreign reserves.
04:19.9
Dahil ang Singapore ay malakas ang pasok ng kanyang dolyar mora sa tourism at sa kanyang financial sector, lumalaki ang kanyang foreign reserves.
04:29.4
So ngayon, yun yung ginagamit niya para pondohan yung kanyang sovereign wealth fund.
04:35.2
Actually, tayo, ang pwede rin na sana gamitin natin dyan ay yung foreign reserves natin as a result of remittances.
04:44.0
Pero ang nangyayari kasi kapag titignan natin yung ating foreign reserves ay hindi pa siya nandun sa best practice level na masasabi natin may sobra-sobra tayong foreign reserves.
04:55.7
E yung sa Singapore, sobra-sobra na. Kaya sila ay nagkaroon ng sovereign wealth fund.
05:02.1
Okay? So yun, it aims to strengthen Singapore's economy and ensure the well-being of the future generations.
05:10.2
And of course, we know that Singapore is renowned for their, again, strong governance and clear investment strategies.
05:22.6
Pangatlo ay ang Abu Dhabi Investment Authority. This is naman funded by oil surplus.
05:29.7
So ADEA ang tawag dyan. So it's aimed to diversifying income sources away from oil and stabilizing the economy of Abu Dhabi.
05:39.2
Known for its diversified investment portfolio and prudent risk management. Yan po ang Abu Dhabi.
05:47.0
So why are these SWS successful? Bakit sila nagtatagumpay?
05:54.9
Ang common strong governance and operational frameworks, high standards of transparency and accountability, at saka ethical investment guidelines and diversified investment portfolio.
06:06.0
So dyan na nagkakaroon ng maraming question mark, question mark, question mark.
06:10.1
Yung social wealth eyes ng ating sovereign wealth fund o ang mahalika fund ng Pilipinas.
06:16.9
Ano yung mga controversies in other countries? So nakita natin yung mga best practices.
06:22.2
Ngayon naman, punta tayo dun sa mga controversies para alam na natin yung mga kukopyahin natin at ano naman yung mga iiwasan.
06:29.0
So para sa mga iiwasan, ito, problemado. Libyan Investment Authority.
06:35.2
Dahil ang problema naman dito ay kanilang opacity. Ang opacity kasi ibig sabihin hindi makapasok yung light so hindi siya transparent, nabablock siya.
06:45.5
Ang Libyan Investment Authority faced several allegations and legal actions related to mismanagement and corruption.
06:54.5
Ganon din ang Chinese Investment Corporation because it faced criticisms over the lack of clarity surrounding its investment strategy and performance.
07:06.9
Ang Russian Direct Investment Fund, political interference and lack of independence naman yung kanyang controversies dito kasi na-view yung pondo as a tool of state policy for geopolitical influence
07:23.5
rather than as an independent financial institution. Ibig sabihin yan, mas importante nagagamitin niya yung pera na yun para maging powerful siya in the global stage
07:34.0
rather than preserving the fund for the benefit of its economy and its people.
07:39.8
Ganon din sa Qatar Investment Authority kasi closely tied yung kanilang sovereign wealth funds sa ruling families.
07:48.1
So, magiging parang old school pa na monarch-monarch niya. Yung Norway din actually na sovereign wealth fund mayroon yung negative effect in the global economy
08:01.5
because sobrang laki niya, it can influence global markets and impact investment decisions.
08:10.8
The same is true with SAMA or the Saudi Arabian Monetary Authority. Dahil sa laki din, ay pwede siyang makainfluence sa global financial market.
