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Pag-usapan natin mga ganyang bagay

Because things are very, very interesting

Only in the Philippines

Ito talaga yung mga only in the Philippines

Mukhang legit yung picture na ito

Na nanonood ng Formula 1

Ang ating mahal na Pangulo

Very busy

Gumagawa na naman ng diplomacy

Nag-meet with Prime Minister Lu Xianglu kanina lang

At mga Singaporean leaders

Obviously this is not the first time

That we see our beloved President

Going to watch Formula 1

Formula 1

Gagawin natin French

Formula 1

Formula 1 Grand Prix

Medyo naging Algerian na yung accent ko

Yung problema na nag-French ako

Kaya nags-stop ako mag-French

Nag-Spanish na lang ako sabi ko

Kasi dami yung accent natin

Naging Algerian

Hindi na Pakistan

Grand Prix

Okay, alright

So

Now

In fairness naman kay Pangulo Marcos Jr.

He had a very good speech at the Milken Institute

I saw, again, katulad ng pinag-usapan natin last week

I saw some very good, good

Commentaries by our good friends based in Singapore

They found the speech very fascinating, interesting, etc.

But of course, alam natin

Hindi lang pang Milken Institute

Asian Summit

International Affairs

But also, katulad ng last year

Kailangan ng magpamparelax

Ang ating minamahala Pangulo

At pumunta siya dyan sa Formula 1

In Singapore

In fairness naman, hindi pumunta all the way sa Monaco

May tabi-tabi lang

Singapore, Singapore lang

Hanapin natin itong

Nasaan yung article ng Billionario

Ito yung article ng Billionario

Nag-blowout daw ang ating Pangulo

Birthday blowout

Pumunta ulit siya sa Singapore

For Formula 1

Formula 1

Naka-Ferrari pa

Bakit Ferrari?

Dapat ano naman?

Hindi naman nananalong Ferrari ngayon

Nanalo ba?

Sorry ah, nakasa ako eh

Na-funding ako ng Formula 1

Yun lang

Hindi tayo pumunta sa Formula 1 sa mga birthdays natin

Sana

Sana naman, baka naman

Baka naman, balang araw

Pag mag-presidential spokesman tayo

Ayan

Magagalit na naman sa akin yung mga kabila naman ngayon

Alam nyo mga kameta, ganito

Kung legit ka talagang analyst

Kung legit ka talagang public thinker

Kung legit ka talagang may pagmamahal sa bayan

Equal opportunity

You're gonna provide

Constructive critique

Kasi yun ang problema ko dun sa mga iba dyan

Na blogger, pa intellectual ganoon

Wala eh

Nagaano lang kayo eh

Hindi naman kayo independent eh

Nagaano lang kayo eh

Nagpa-pander lang kayo sa audience nyo eh

Audience capture

Ako walang pake

One day I'll say something that may ruffle some feathers here

The next time I'm gonna say something, we're gonna ruffle feathers there

You know what?

Because that's what we do

That's what we should do

Kung talagang gusto natin yung matinong

Pagsusuri dun sa ating mga problema sa ating bayan

Na ako naman again, I try to be very fair

I mean, of course, on one hand I welcome that

Some of these bloggers na nagkakalat ng fake news

In the past ay siguro namulat sa buhay

At may mga pinagsasabi

But I'm gonna always take what they say with a grain of salt

So I have a question with some people

Who were just one year ago attacking these people as complete jokes

And then now suddenly invoking them as possible

Legitimate whistleblower

Are you kidding me?

No, seriously, are you kidding me?

Is this a joke?

Is this a joke?

All right?

Now at the same time

Okay, I mean fine

The president, you know, they have their own resources, etc

So this is not a confidential fun issue, etc

Legit, okay

You have a birthday, you go there

I appreciate going out

Making visits, etc

Now obviously, yung narinig natin na explanation is

Wag kayong magalala

Okay naman ito

Kasi productive naman yung meeting

May mga pledges na naman

At kanina daw may meeting with Prime Minister Liu Xianglu, etc

Tapos na yung elections nila for the president

Sa Singapore

Nanalo yung isang Deputy Prime Minister

So things are going smoothly, fantastic

Blah, blah, blah, blah, blah

Okay, again

But this is again what

Let's look at the numbers

Because

Katulad ng sinabi natin

Okay

05:09.000 --> 05:11.000

Are getting us investment

So the claim was

3.4 trillion pesos

So

Close to 80 billion dollars

Yung pledges daw

Na nakuha natin dun sa first year na

Intensive international visits

At commercial diplomas

Yung ating pangulo

I mean again

I appreciate the effort

So this is the claim

3.4 trillion

Right?

Yun daw

Yun daw nakuha

Right?

Wag nang daw tayong magalit

Na nagpo-formula, oh

Fumila, oh

Fokmila, oh

Because

At least may naokong investment

Yung problema ko naman is

Simple lang naman eh

Ayon sa sarili natin

Banko Sentral

Ito po yung katutuanan

Okay

Yung in-order mo sa Shopee

Yung dumating

Alright

Ito po yung situation natin ngayon

Now, again

This is not to besmirch

Yung effort

Because I think the efforts of the president

Are commendable

And I want him to continue doing that

And not only him

DTI, etc

But at the same time

We have to also look at the actual numbers

So ayon sa Banko Sentral ng Pilipinas

Actually bumaba

By 34%

Yung year-on-year investments

Tignan niyo

Pababa yung trend line

So

We got $80 billion of pledges

In the same year

That we got all of these pledges

Actually, FDI went down

Now, obviously

You can say, well

It takes time

Huwag tayo mag-ano

Huwag tayo mag-expect kagad

Hindi naman

I mean

Huwag tayo mag-advance mag-isip

I get it

But at the same time

Sana naman, diba?

It's clear na

It's clear na meron tayong problema

In the sense that

Mukhang yung commercial diplomacy natin

Is not yet translating into actual investments

Madali kumuha ng pledges

Pala, in fairness naman

Nag-upgrade naman daw

From soft pledge to hard pledge

Since last year

Dahil sa ating formula or diplomas

But, come on guys

Seriously, right?

This is Banko Sentral ng Pilipinas

Itself saying

Na bumaba ba yung investments

Actually over the past year

Of course, we're not happy

Because we want more investments to come in

And that's why I'm saying

It's time for us to have a serious analysis

And discussion

About ano ba talaga yung mga factors

Na nagkocontribute

Dun sa FDI flows

Now, obviously

We can always blame short-term trends

I don't know, declining growth rates

Concerns with inflation

But, the reality is that

Kung super effective talaga yung

Kasalukuyan na commercial diplomacy natin

At the very least

We should see some

Flashes of brilliance here and there

And so far, we're not seeing that

Kaya nga sabi ko

As important as commercial diplomacy is

Well, let's not over-read into it

Let's not exaggerate

And go hyperbolic about its benefits

Let's realistically look at

Yung mga bagay na kailangan natin gawin

Para maging mas attractive talaga

Ang Pilipinas sa foreign investors

Kasi mga foreign investors

Hindi naman nabubudul yung mga yan na

Ano lang eh

Hindi naman sila nandun lang

Isang TikTok video

Tapos naiwalan sila

Maglagay na sila ng billion billion

It doesn't work that way

My friends

Okay

It just doesn't work that way

Okay, mamay na yan

We have to do more

We have to go back to basics

Kailangan talaga natin

We have to find out

What are the things

That are turning off foreign investors

Bakit bumababa yung FDI

Just as pledges are supposedly exploding

And going through the roof

So clearly, something is kulang here

Whether kulang dun sa ginagawa

Ng ating mga departamento

Kulang dun sa positive trajectory

Na gusto nilang makita sa iprospective

Kulang sa fiscal transparency

Hindi nila sure kung saan pumupunta yung pera

Ng siguro kabahan ng bayan

Yung mga nairinig nila

About confidential funds

Baka natin turn off sila

We have to find that out

I mean obviously I know what are the answers

But I want to be fair here

What I want to

Because my answers are based on my own interaction

Because we

You know

Iniingit tayo ng advice ng

You know the biggest hedge funds

And the leading people around the world

Hindi naman tayo nagyayabang

But this is one of the things I do

I provide

Macro-political economic advisory

To the biggest hedge funds sometimes

And you know

So I know where they're coming from

And biggest industrial manufacturing group

So alam ko kung concern sila

But again

Just to be fair

And not to impose my own views

At sabihin dahil itong narinig ko

Ito yung katotohan

Let's have a proper national discussion

Because clearly

Yung formula 1

Diplomacy

Yung formula 1

Diplomacy

Alone is not gonna work

Right?

So sanay mo

Singapore Singapore investments

And remember

By the way

A lot of investments that come into the Philippines

Via Singapore

They're actually from other countries

Passing through Singapore

Because Singapore is a hub

Is a regional hub

Right?

So

Sometimes you have to

Is this really an investment

From Singapore based companies?

Not Singaporean?

Or this is

From foreign European

I don't know

Whatever companies

Who have ASEAN based companies

And then they get

Diversified through the regional headquarters

In Singapore

So

Medyo komplikado itong bagay na ito

And we have to break it down

So for me

At the very least

Kailangan natin ng

Talagang masinsina

Na pagsusuri

Dito sa ating

You know

Suliranin

I mean

This is our predicament

Bakit bumaba ba

Ang FDI sa Pilipinas?

Right?

Why

Why is the Philippines

Not getting

The billions and billions

Of investments

From Singapore

Right?

The billions and billions

Of investments

That it's supposed to get

And why

Napag-iwanan na tayo

Ng mga kapit-bayin natin?

Because

If you're talking about

Declining growth

I mean

That's also being suffered

By a lot of our neighbors

And yet

Ito yun

So

I'll give you

So I'll close on this note

Because I want to open

On some more positive note

And ito actually

Ang article natin bukas

Sa Philippine Daily Inquired

Because I'm calling on the president

To have a new

National economic strategy

Na hindi lang

Hanggang macro-pudensyal

Hindi lang katulad

Naman sinasabi

Okay

Inflation management is important

Growth is also important

But what we need

Is high quality growth

What we need

Is to move up dun

Sa value chain of production

What we need

Is to bring in

New high quality investments

What I want to see

From President Marcos Jr.

Is

This

Is this

Itong gusto kong makita

Itong gusto kong makita

Kaysa yung mga Formula 1

Formula O

Mga ganyan

Magmeet ka

Ng mga Elon Musk

Magmeet ka

I mean

I'm not a fan of Elon Musk

You can see

You go on Twitter

I've been bashing the guy

Right and left

Sobrang Karen na siya ngayon

Space Karen

But

He's still a very important man

He can still be

A good source of investments

And technology transfer

To Philippines

Hindi lang yung kumikita sa atin

Dahil dun sa kanyang

Mga SpaceX

Yung mga internet

No, no, no

You know

President Marcos Jr.

Has to do what Jokowi

Has been doing

Personally hosting and meeting

The Elon Musks

Of this world

Big tech company guys

Go and meet them sir

Arrange meetings with them

Either go to Silicon Valley

Wala na sa Silicon Valley

Punta ka sa Texas

Right

That's where Elon Musk is

Or host them

Invite them to the Philippines

Invite them to the Philippines

Have a meeting with them

This is what

President Marcos should do

I know for a fact

That President Marcos Jr.

Is more a math and science

Kind of guy

Than social science

And history and economics

Kind of guy

So go and meet these guys

Medyo geeky naman yung

Presidente natin e

Right

Okay fine

For me

That's the more cool stuff

Visit the Tesla factory

Pag-usapan niyo

Kung pwede magkaro

Ng battery production

Sa Philippines

Marami naman tayong mga

Lithium

You know

We have the

I mean I come from

The Cordilleras

You know I know that

In the Philippines

We have a lot of

You know

Precious metals

Right

And precious minerals

Na mahalaga

Doon sa mga

Next generation technologies

Including production

Of EV batteries

Pag-usapan natin yan

Gawin dapat sana

Ni BBM ito

Makipag-meeting siya

Sa mga leaders na yan

Assuming they want to

No kaya naman yan e

Kaya naman yan e

I mean I know for a fact

You can arrange

These kinds of things

And I think Elon Musk

Wouldn't mind

Meeting also

Marcos Jr.

Not only Jokowi

And I think they'll have

A good time together

Right

You know why

Kami medyo may outright

Kasi yung si Elon Musk

Na na I'm kidding

No not kidding

Half kidding

No seriously

This is what we need

Okay I'm into

Personal commercial

But I want

Big tech

High tech

Diplomacy

So that's what

Dapat gawin ni Paolo

And Marcos

Now the Jokowi one

Is not so successful yet

Because nag-decide

Si Elon Musk

Yata to put some

Tesla production

In Thailand pa rin

But still

You have to sow

The seeds of high tech

High tech investments

Coming in

Speaking of the Philippines

Improving relations

With allies

Dapat sana

Ito rin

Mangyari sa atin

Si Biden

Pumunta pa sa Vietnam

Hindi sa Pilipinas

E Pilipinas na nga

Yung ally ng US

Pilipinas na nga

Mag-ETCA

Tayo pa nga

And at the same time

Ito nangyayari

Ito nangyayari

Si Biden

Pumunta sa Vietnam

Hindi naman nila

Alyado

Tapos dadaliin pa niya

Yung mga big tech

Company

Executives

Sa Vietnam

Right?

Yung mga Intel

Right?

Yung mga Boeing companies

For manufacturing

So

Kaya nga na

Pag-iwanan tayo

Ng mga kapit-bahay natin

Because

Yung mga kapit-bahay natin

They don't only have

Strategic defense

Diplomacy

They also have

High-tech

Commercial diplomacy

This is what we need to do

Guys

Indonesia and Vietnam

Is not super ahead

Of the Philippines

And yet

These countries are talking

In the case of Indonesia

Building their own

Tesla factories

And in the case

Of Vietnam

Building their own

High-end semiconductor factories

Right?

And by the way

Vietnam already has

Its own EV industry

The VinFast industry

Which

Last time I checked

Is still in the top 10

Cars

In the world

Based on

Market capitalization

Although we have

Some issues about

The smoke and mirrors

Issues there

But

Do you get what I'm saying?

Like

Again

There's no guarantee

That this will work

That just because

We host some

High-tech executives

Blah blah blah

With some foreign leader

It will

It will

Essentially

Translate into

Semiconductor investments

No

There's no guarantee

There's no guarantee

That you'll meet

Elon Musk

And Elon Musk

Is just gonna jump

Into some kind of

Personalized

High-stakes

High-tech

Diplomacy

Be like Jokowi

Go and meet Elon Musk

Right?

Be like Vietnam

When you host

American leaders

Also host

Many big-tech

American companies

Who really want to do

Manufacturing

High-end investment

In the Philippines

Not just BPO

And as I mentioned

The problem I have

With BPO, etc.

Is that

These are

These are

Not very

Well

AI could replace

A lot of jobs there

But they're not

Up the value chain

To be honest about it

Alright?

They're not the highest

Of high-end services

And services in general

Are not gonna create

You the jobs that we need

So there

So

Advice

That's my advice

To our

Brainless people

Alright?

When foreign leaders come in

Make sure they bring

In the big companies

Along with themselves

And meet them

Talk to them

Be like Jokowi

Go and meet

I don't know

Elon Musk

Something like that

Things like that

Do those

So that

Some of them

Will enjoy being in

Tesla factory

For his next birthday

Or something like that

Or you know where

That suggestion came from

When it happened

Next year

Suddenly

Pombo Mark

Is in Tesla factory

But you know

I will respect that

Far more

Than honestly

Repeating

Those formulas

And pledge

Pledge

Pledge

I

I'm not

I mean

I'm not impressed

With just pledge

Pledge

Because I want to see

PSP

Very clear

Banco Central

The FDI

In the Philippines

Over the past year

And

Actually

It's depressing

So

It's funny

Because what can we do

We cried again

But clearly

There has to be

Some adjustments

Here in the strategy

By the administration

We have to do some

Legit stuff

To get the ball rolling

Alright?

Because

Otherwise

The Philippines

Will just be a Pearl Harbor

Of Western powers

This is where

I kind of agree

Let's not be all

Military

This is true

See

The FDI

Is still going down

Over the past year

There

There

Banco Central's

Data

So

Clearly

I'm glad the president

Is enjoying himself

And taking care of himself

Happy birthday

President Mark Jr.

But

I hope

We level up

Huh?

Let's level up

The commercial diplomacy

For the country

Thank you

Thank you very much

Here to our friends

On YouTube

Here

Wiser is nicer

Okay

I'm shouting you out

You're from there

Bonjour mademoiselle

We have some friends

From

France

There

Gaming Adventure YT

There

What was it?

Zoelle Riola

There

Original from Pangasinan

Thank you

Thank you for joining us

There

We're still not there

100%

Thank you very much

For joining us

Alona Goles

Ma Victoria Baltazar

There

Michael Caligo

Haji Ali

Thank you very much for joining us

There

BBM is a fan

Of Formula 1

Is it obvious?

Right

Thank you also here

To our friends

Who love us

Thank you to

Mom Jocelyn as always

To

Annabelle Gamoras

Toots Gayop

There

She said

She trusts foreign...

That's it

Foreign friends

They don't bring that

To just one vlog

Of Marlica

Or just one

You know that

The

Logo

Logo

They don't...

They don't bring that

To us

There

Roger Talavera

Thank you so much

For joining us, sir

Jim Florence

Cora Ines

Michelle Andrea

There

Efren Bueza

I forgot

Efren Bata Reyes

Oli

Ramil Tolin

Thank you very much

Okay, I have to go now

We have work

To do at home

Thank you very much again

And talk to you guys soon

God bless