02:34.0
Because one of the biggest problems sa Pilipinas is that banking sector, the finance sector has been controlled by oligarchs, by big conglomerates, so a lot of internal lending has been happening for quite some time. Political scientists have a term for that, for instance, they call it booty capitalism. So a lot of cronies from the past, a lot of conglomerates, sila rin may ari ng mga banking systems and they lend to themselves.
02:58.0
So essentially our savings go into propping up oligarchs and conglomerates. So that's why dapat meron kang mga banking institutions which provide easy credit, easy access. I mean, yung mga iba sa atin na nag-apply ng bank, bank loan, ang hirap kumuha ng loan sa Pilipinas. Sobrang hirap kumuha ng loan.
03:20.0
Ang dami mga dokumento na ingi sayo. Ang dami nilang ingi na in terms of para siguraduin na you can pay back. And then the other thing sa Pilipinas, ang baba ng interest rate kung naglalagay ka ng savings. Sobrang baba. You're being beaten by inflation every year. And, and, ang taas ng interest rate pag nag-loan ka. Ang taas ng interest rate sa Pilipinas.
03:42.0
So ang sarap ng buhay ng mga oligarchs and conglomerates sa Pilipinas because they dominate the finance and banking sector which itself helps them to continue to dominate the commanding heights of the economy. There, I said it. Okay? Yan ang hindi nyo narinig sa mga fake populist katulad ni Tatay. Si Tatay puro nga ng oligarch, oligarch na lang. But hindi nyo ma-explain bakit may oligarchia tayo sa ekonomiya natin. Not to mention, hindi namin nimension, yung other oligarchy which is yung mga trapos and political dynasties and warlords.
04:11.0
Guess why he wouldn't say that? But anyways, going back to these mga kamets. So, what we need here mga kameta is a kind of national policy that makes sure you have the basic infrastructure and the basic credit especially dun sa mga sektor na mahalaga sa ating ekonomiya and particularly sa food security dati and long term development.
04:34.0
So, if tutuloy itong Maharlika Sovereign Fund and that's gonna put pressure on the capital and reserve requirements of the very institutions which are supposed to help agricultural development, sustainable development, yung mga sektor na mga pakangailangan, then parang it defeats the purpose, right?
04:52.0
Or parang may redundancy, right? So, that was one of the big questions that was hanging over itong Maharlika Sovereign Fund in addition to the more conspiratorial criticism na itong Maharlika Sovereign Fund will be something like yung meron dito, 1MDB, yung nangyayari dito sa bansa na meron tayo ngayon.
05:22.0
So, with all of those criticisms, biglang nagshift yung atensyon ng tao sa confidential funds. Dahil dun sa confidential funds, some people found it even more problematic because it looks like there's, I mean at least dun sa Sovereign 12 Fund, there's a certain degree of transparency especially after all those rounds of revisions that happened.
05:46.0
Four or five different revisions, hindi na sinama yung GSIS, hindi na sinama yung SSS, si Tulfo na ganyan, nanindigan, whatever, kritisismo right and left. So, the final version of the Maharlika Sovereign 12 Fund is much better than the confidential funds especially for agencies na walang kinalaman sa national security, right? Walang kinalaman sa West Philippine Sea, walang kinalaman sa mga bagay na mahalaga para sa siguridad ng ating bayan.
06:13.0
And of course, yung isang araw, yung isa pang R&R natin with si Ruben Carranza naman, Atty. Carranza, siya as someone who work in the Department of National Defense, very critical siya almost categorically sa confidential funds, intelligence funds.
06:26.0
He said that if ever magkakaroon ka, it has to be very specified, the parameters has to be clear and they have to go to the agencies na talagang directly may kinalaman sa siguridad ng ating bansa. Hindi pwede na bara-bara, bati MMDA, bati lahat na lang may confidential fund. Problematic, alright.
06:43.0
Now, having said all of those things, siguro some of us were thinking, okay mukhang na may readjustment na nangyari sa confidential fund although katulad ng pinag-usapan natin sa R&R natin na isa with parang Ronald Llamas naman, may mga factional internal politics involved there but whatever.
07:03.0
Tinanggal lang ng confidential fund yung mga ahensya na walang kinalaman talaga sa national security, alright. Whatever yung pinagsasabi nila. Si tatay din kong pinagsasabi, tingnan niyo yung mga. Antong pari si SMNI, hindi pa rin natanggal. Alam ko na natanggal naman yun. Anyway, but the idea was baka demarli ka sa R&R fund will still move forward.
07:25.0
Yung confidential fund medyo inayos, at least for now, at least for GAA, for the General Appropriations Act for 2024. But looks like interestingly, at least on the first level of analysis, at the first level of analysis, interestingly mukhang meron din recalibration dito sa maharli ka sa R&R fund. Wait lang ah.
07:53.0
Mamay na yung space sa Twitter. Wala naman tayo sa Twitter na yun. Just kidding. Mayroon mag set up marami. You can see I just came from a talk conference, etc. Ang daming drama pa kanina. Alam nyo naman tayo pag tayo nagsalita, daming reactions as always. Puya ka sya. Anyway, let's go to this. Let's break this down.
08:17.0
But bago tayo pumunta dito sa maharli ka sa R&R fund, mukhang si Madam Cynthia strikes again. So ito yung title sa Philippine Daily Inquirer. Cynthia Villar hits Philippine importation habit. Bobo ba tayo? Ito na naman si Madam talagang. Just when I thought wala na yung mga Cynthia Villar quotable quotes, biglang boom. Ayan na.
08:44.0
May kinalaman din yan kasi pinag-usapan natin agricultural development, food development. So ayon kay Sen. Cynthia Villar, pinagalitan niya yung country's habitual liking for importation and questioned yung 10 billion budget for imported chemical fertilizer.
09:04.0
Sabi niya, aba eh 10 billion. Nasa-shock ako sa 10 billion para sa importation ng fertilizer. Nasa-shock ako doon. Nasa-shock or nasa-shock? Ewan ko dyan. Ito yung sabi ni Sen. Villar during nung hearing kahapon dun sa proposed 167.5 billion budget for the Department of Agriculture.
09:30.0
Okay. So may kinalaman. May ano. Hindi ito sabog. Hindi ito tatay style na biglang stream of subconscious ang tawag ko dyan. Hindi stream of conscious kasi parang kung saan saan pumunta. May kinalaman din yan. Ayan. Sabi niya, bakit tayo mag-import?
09:47.0
Bakit hindi natin bilhin yung ating sariling para na bibigyan natin ng trabaho. Yung kapwa natin, Pilipino, naghihirap. Ay grabe naman. Si Madam, napaka lali lang kanyang empathy sa ating mga kababayan. Favorite ko talaga yung mga bakit? Bakit? Ano ba yung mga ganun? Yung parang pag may sasabihin ka. Bakit? Bakit? May ganun e. Bakit?
10:10.0
Bakit? Di ba yung mga ganun? May mga tita ka. Tasa, tita, yung ano? Bakit? Hayaan mo kumain? O yung tita, bakit? Bakit? Anyway, favorite ko yung mga bakit? Ganun na sagot. Alam mo nung araw, sabi niya, tayo'y pinakasikat pero ngayon talong-talo na tayo. Anong araw ito na tayong pinakasikat saan?
10:33.0
Yung mga articles na mabasa ko, talon na talon ng Vietnam, talon na tayo ng Thailand. Matagal na po tayo tinalo ng Vietnam na Thailand. Medyo matagal na po sa agriculture. Ba't yung Indonesia? Medyo matagal na po. Medyo 10 years yung isa, 15 years yung isa. Medyo 40 years na yung Thailand.
10:50.0
So, anyway, and then, oh my god, only in the Philippines. Or ito, bakit daw tayong talon ng mga bansang to? Ito sabi niya, bakit?
11:07.0
Mahilig talaga sa bakit ito. Bakit tayo mag-import? Bakit? Bobo ba tayo? Ay naku, talagang walang katapulan itong senado natin.
11:27.0
Sabi niya, bakit? Bobo ba tayo natatalunan tayo lahat? Mahilig lang tayo mag-import kaya hindi natin natidevelop nating sarili. Tama naman po si madam. Kaso ang hindi ko nakikita dito sa kanyang mga discussion is, ang kumagagang sagot ko ay, bakit? Meron ba tayong industrial and trade policy?
11:58.0
Para yung mga oligarchs at conglomerates natin hindi nalang purong land grab. I'm sorry. Dalit-dalit. I misspoke. Para hindi yung mga oligarchs natin nag real estate development, cutting edge environmentally friendly development.
12:17.0
Parang yung ano natin hindi purong mga... Philippines talaga. Bakit? Bakit? Kasi wala nga tayong strategy. Wala tayong national strategy. Wala tayong national strategy sa semiconductor development.
12:43.0
Dito sa Malaysia meron naman silang strategy ngayon para ibalik yung mga high-end semiconductor industries. Sa Vietnam meron silang hindi lang national industrial strategy para mag-develop ng EV and manufacturing sector. Sa Vietnam meron din sila very strong land reform, medyo land grabbing, medyo di na pwede, medyo ano na, ang Vietnam ayos na yung agricultural sector, medyo maayos yung irrigation, medyo maayos yung ganoon.
13:11.0
Meron din silang agricultural industrial development policy at may trade policy. Trade policy. Rice tarification law. So para ka naman mag-develop ng sarili mong industriya kung import ka lang ng import o napakadali mag-import.
13:29.0
Tama naman yung tanong ni ma'am. Tama naman. Sabi niya bakit? Bobo ba tayo? Tama naman po si ma'am. Kaso ang sagot na kailangan natin dito is ipag-usapan itong industrial and trade policy. Yung pong talagang ito po talagang kailangan natin ayusin. This is just a general. Bakit? Para natin mga Pilipinas talaga.
14:00.0
I think the senator is raising good points. Yan lang. Hindi ko talaga. Bakit kasi kailangan sabihin? Bobo ba tayo? I mean pwede naman sabihin.
14:16.0
Guys, you cannot blame me. I mean bakit? Bakit? Bakit wala tayong industrial policy? Bakit wala tayong agricultural development policy? Kasi nga puro tayong oligarchy. Kasi nga puro mga conglomerates. Kasi nga mahina yung estado natin. Kasi nga walang diskarte. Puro nalang department of pledges.
14:39.0
E-abolish nalang yung DTI. Gawin nalang department of pledges. Kasi purong pledge. Department of MOU. Yung nga ngayon nalang.
14:48.0
Joke lang. Medyo half joke. Okay 25% joke. Anyway, parang confidential. Damn! Gets niyo.
14:57.0
Mahabang usapan yan. Now for those who are interested, medyo pinag-usapan namin ng masinsinan ni parang Leloy Claudio in not one but two different podcasts. Around 3 hours namin pinag-usapan itong industrial policy.
15:10.0
You are also free to check some of my articles. I'll post that later on for the National Sabudabi for Philippine Daily Inquirer. I also touch on it in my Nikkei Asia op-ed in Tokyo.
15:21.0
So yung sa bakit, hindi bobo pero medyo yung industrial policy natin medyo papuntang.
15:32.0
So I just find it amusing that yung mga big businessmen natin sa Pilipinas who happen also to be in politics are asking these questions but they also have to push the argument a bit further and talk about lack of industrial policy.
15:46.0
Kasi naman, tingnan mo yung mga yaman sa Pilipinas. Ano po bang na-invent nila? Ito ang tanong ko. Yung mga bilyonaryos natin, ano ulit ang na-invent nila?
15:59.0
Did they create a single world class technology or manufacturing? You name me a single. Yung ibang oligarchies natin, hindi nga ilang dekada, ilang centuries na.
16:13.0
Did they create a single VinFast like Vietnam? Did they create even like proton lang? Wala, wala, wala talaga eh. Hanggang ano na lang eh. Alam nyo na.
16:25.0
So yan ang problema sa Pilipinas. Pero yung nga, hindi mo rin masisisi yung mga oligarchs sa Pilipinas. Eh yung Estado may napakainat, walang ginagawa.
16:33.0
Kaya hindi naman bobo pero hindi rin magaling. So yun po yung problema natin. Walang direksyon yung ating bayan. Walang direksyon sa economic industrial policy.
16:44.0
Napakalaking problema yan sa ating bayan. Tsaka yung mga nagmamagaling na ekonomista dyan, hanggang makroprudensyal na lang sila.
16:51.0
Hanggang transparency and accountability which of course is very important. But anyone who knows a thing or two about economic development knows that many countries got rich even though they were corrupt.
17:01.0
Like South Korea, I can go on and on. China, taas na corruption rates. Vietnam. So it's not corruption per se. It's about getting the right industrial and trade strategy.
17:12.0
Now, alam ko may mga walang hiya dyan na mga charlatans who would twist my words. I saw what they did. Kinol out ko yan. Lagot sila.
17:20.0
Pag nag-twist kayo sa akin, I'm gonna call out these charlatans. Ito ang mga Google Trends friends natin.
17:26.0
I'm not saying corruption is okay. I'm saying corruption is bad. But even worse than corruption is not having industrial and trade policy.
17:34.0
Alright? Okay. So let's be very clear about it. So we have to fight against corruption. That's number one.
17:39.0
But there's something more important we have to fight against. That's lack of industrial and trade policy. Okay? Let's be absolutely clear about that.
17:45.0
Ngayon tuan-tuan itong si Roy. Roy, tulog ka na. Kagabi ka pang nakikinig sa atin dito. Anyway, Jollibee. Seriously, Jollibee is our world-class manufacturing.
17:57.0
Ano? Seriously. Hinebra. Ano pa ba? San Miguel Beer. Come on, guys. Seriously. That's your standard of world-class technology and manufacturing.
18:08.0
These are not high-value-added products. These are not Apple. These are not EV Tesla. These are not BMW. These are not Toyota. These are not Hyundai. These are not Samsung.
18:20.0
These are not Vinfast. These are not—I can go on and on and on. These are not semiconductor. These are not—wala. Ang baba ng value-added natin.
18:28.0
These are mostly low, medium, and services. They're not real world-class technologies.
18:33.0
So, may problema talaga yung bayan natin. May kakulangan talaga tayo sa industrial and trade policy.
18:39.0
Anyway, ito po yung konteksyon ng usapan namin ni parang Leloy Claudio.
18:46.0
Ang argument ni Leloy is—I agree. There's a lot of focus on corruption in the Philippines, but people tend to miss even more important things.
18:56.0
As bad as corruption is, what's worse than corruption is absence of industrial and trade policy. Yun po yung sinasabi natin.
19:02.0
Alright. Now, balikan natin ito. Wala lang. Nag-detour tayo lang ng konti kasi tama naman yung tanong ni Senator Cynthia Villar.
19:13.0
Yun lang. Hindi naman bobo, pero hindi rin magaling yung problema natin sa trade and industrial policy.
19:20.0
Now, balikan natin itong issue ng Marlica Fund because this is very important.
19:24.0
So, President Ferdinand Marcos Jr. ordered yung suspension of the Implementing Rules and Regulations, IRR.
19:29.0
So, when you pass a law, you pass a new measure, you need to have Implementing Rules and Regulations to make sure you can operationalize it within the parameters of our Constitution and the realities of our legal framework, etc.
19:40.0
Of the controversial Marlica Fund, ayon sa top official of the Development Bank of the Philippines.
19:46.0
Sa isang mensaya sa CNN Philippines, sinabi ng DPP President and CEO Michael De Jesus noong Wednesday, today, na may meron daw memorandum galing sa office of the Executive Secretary that, quote, directed the treasurer to suspend implementation of the IRR pending further studies.
20:07.0
Ayon sa executive na yan, they received the memorandum two days ago. So, Monday pa.
20:14.0
Na-confirm din yan na office of the Executive Secretary sa isang separate statement.
20:20.0
So, ayon dito, si President Marcos ordered the suspension, quote, because he wanted to study carefully the IRR to ensure that the purpose of the fund will be realized for the country's development with safeguards in place for transparency and accountability.
20:39.0
Okay. Clap, clap.
20:41.0
Meanwhile, as about possible loopholes sa IRR that might have prompted yung suspension, sabi noong DPP chief, nothing else stated except further study.
20:51.0
So, just to give you some basic idea, to jumpstart yung Marlica Fund, katulad ng ginag-discuss natin isang araw, the DPP and the Land Bank of the Philippines remitted Php 25 billion and Php 50 billion to Php 75 billion in total to the Bureau of the Treasury.
21:04.0
The IRR for the investment fund was issued late August and was to take effect sa September 12 ayon kay Finance Secretary Benjamin Diokno.
21:12.0
In July, Marcos signed the bill into law just seven months after the idea was pushed at the lower chamber while it received criticism among economists.
21:20.0
Dinefend ni Marcos noong una pero ngayon biglang iba yung inip ng hangin.
21:26.0
Now, at the first level, let's just stop there muna. Break lang muna tayo.
21:34.0
At that level, actually it's something good. That means that the president, pinapakinggan niya yung boses ng bayan, yung boses natin sa Twitter, sa mga ganyan, nagigets niya na meron tayong mga concerns.
21:48.0
I'm sure the president in his travels abroad, I'm sure the president based on talking to investors, people who know about investment community, di ba yun ang sinabi natin eh.
21:59.0
Isa sa mga concerns ng mga investors sa Pilipinas, yung mga hindi nag-invest pa actually sa Pilipinas, is because parang hindi sila sure dun sa ating good governance, to put it mildly.
22:11.0
And itong Marlica Sovereign Wealth Fund ay hindi mabango sa mga investors, to put it mildly.
22:16.0
Now, nevertheless, there are some conversations about ano ba talaga nangyari dito.
22:22.0
Because from an optimistic and half-class fool point of view, you could say, great, the president heard the voice of the people, just like how he heard the voice of the people after yung survey.
22:34.0
So you could see na after yung 15 point drop niya sa survey, the president kind of like mellowed down and said like, okay, we have to go back to the drawing board, let's figure out what's going on.
22:44.0
Nevertheless, some are saying that perhaps there's more to it than that. It's not just a recalibration, it's not just responding to the people's demand, maybe there's other things.
22:56.0
Now, what's interesting here is that some are saying, this is not necessarily recalibration for more transparency, but it could be recalibration that could actually bring the Marlica Fund to something closer to its initial version, which some found more problematic.
23:10.0
This is one side of the story, for instance.
23:13.0
Anyway, pag-usapan natin yun.
23:15.0
So Palace recalls IRR for Marlica to modify appointment rules.
23:19.0
It's interesting.
23:20.0
So there's more detail actually in a separate report by the Manila Bulletin.
23:23.0
Ipo-post ko na yung link dun.
23:26.0
So yung suspension aims to revise the application and nomination process for key positions within Marlica Investment Cooperation.
23:33.0
Ito yung ayon sa Manila Bulletin.
23:35.0
The implementing rules and regulations of the Marlica Fund have been temporarily suspended.
23:39.0
So one of them is to revise the application and nomination process.
23:43.0
Is that a good thing?
23:44.0
Is that a bad thing?
23:46.0
The advisory body consisting of the Secretaries of the Department of Budget and Management, the National Economic Development Authority, and the Bureau of Treasury recommends appointments to the MIC, so Marlica Investment Corporation Board of Directors to the President.
23:57.0
However, yung current rules lack provisions for a scenario where the President is dissatisfied with the candidates on the short list.
24:11.0
So, one potential reason for review is that, wait, paano kung hindi type ng Presidente yung mga na-nominate ng mga advisory body na galing dun sa mga economic managers team?
24:25.0
One proposed change is to allow the President to appoint individuals who did not apply for the position.
24:32.0
So meaning, ito yung advisory body galing sa Secretaries of the Department of Budget and Management, DBM, NEDA, Bureau of Treasury.
24:43.0
Sabi niya, kunin niyo si Hidarian, kunin niyo si whatever, right?
24:53.0
So, ano mangyari ngayon?
24:55.0
So mukhang kulang ito sa air.
24:57.0
So, kung pwedeng mangyari dito si BBM, ayoko dyan sa Hidarian na yun, kuha tayo dito sa kabila, kunin natin si Ronald Llamas.
25:03.0
Must type ko yan si Ronald Llamas, yan na lang kukunin natin.
25:06.0
So, pwede daw yan ilagay, potentially, dun sa revised version.
25:10.0
The President needs to appoint the PCEO, two regular directors, and three independent directors for the Marlica Investment Corporation.
25:20.0
The application nomination process for the position in the MIC closed actually last September 27.
25:26.0
So, the other way of reading it is, baka naman hindi natuwa si BBM dun sa mga na-propose ng advisory body,
25:37.0
and now he's looking at ways to actually have a say about coming up with alternative people.
25:43.0
That could be one interpretation.
25:45.0
So, let's see what's going on here.
25:47.0
So, at first reading, this looks like a corrective recalibration by the President in response dun sa mga nagreklamo,
25:57.0
nagsabi na, ay, medyo malabo yan, kailangan ba natin?
26:00.0
Or at least this is what the President seems to be signaling and what his office seems to be signaling.
26:05.0
Because again, sinabi ng Presidente, ayon sa Executive Secretary's office,
26:10.0
kailangan pagkaralan ng mabuti, masinsinan itong IRR, Implementing Rules and Regulations,
26:17.0
to ensure that the purpose of the fund will be realized for the country's development
26:20.0
with safeguards in place for transparency and accountability.
26:23.0
So, ito yung position ng office of the Executive Secretary.
26:27.0
But some critics would say, but maybe that's not really the issue here.
26:32.0
The issue here is, baka hindi natuwa si Presidente dun sa nga na-recommend na advisory body,
26:37.0
so he wants to have a say on who will be there.
26:40.0
Which in itself could raise new questions.
26:44.0
But why does he want to have more say on that?
26:47.0
Or why is he not potentially trusting yung mga na-propose ng advisory body?
26:51.0
Is it because hindi magandling?
26:53.0
Or because he wants someone else na mas nagre-reflect ng kanyang preference?
26:57.0
Which again, raises his own questions.
26:59.0
So, in short, wait lang tayo.
27:01.0
So, if napansin niyo, nag-post ako na interesting.
27:06.0
Ganito kasi, yung glass half full is, I don't think this would have happened if walang yung backlash,
27:12.0
if wala yung 15-point drop sa survey.
27:16.0
Why would the Office of the Executive Secretary have to emphasize all of these things?
27:20.0
Safeguards, transparency, accountability.
27:23.0
Obviously, it's because of that.
27:24.0
But at the same time saying, that's the glass half full part,
27:28.0
but there could be another angle to this that we need to have more details on before we make a final judgment.
27:34.0
So, yung mga dyan, shunga dyan, nagsasabi, ito si Aidan yun, masyadong naive ganun.
27:38.0
Like, get out of here.
27:40.0
We're looking at all of the angles here.
27:42.0
But for me, hindi siya mutual exclusive eh.
27:45.0
Hindi siya mutual exclusive.
27:47.0
Pwede talagang gumana yung public pressure.
27:52.0
But, this brings me to the next issue.
27:55.0
Because, may mga nagsasabi,
28:04.0
Yung yung mga nagsasabi,
28:06.0
Wag na yan! Tanggalin na yan!
28:08.0
Para wala ng issue.
28:10.0
Hindi na kailangan yan.
28:11.0
So, House Deputy Minor Leader and ACT Teachers Party,
28:14.0
Liceo President Franz Castro, na na-interview din natin.
28:16.0
Of course, in-urge na yung Presidente.
28:18.0
Tanggalin na yan.
28:20.0
Tanggalin na yan.
28:22.0
Ayon sa kanya, yung suspension na yan,
28:25.0
parang na-booking na, quote, na-rush yan at may flaws talaga on so many levels.
28:30.0
So, ang baso ng iba dyan is, binara-bara yan.
28:33.0
So, parang nag-gets na ng Presidente, wag na pilitin yan.
28:37.0
Doon naman sa Senado, yung Senate Minority Leader, Coco Pimenta,
28:42.0
welcomed this as, quote, very good development.
28:46.0
The law has a lot of defects.
28:47.0
The concept has not been fully studied from the very start.
28:50.0
Hence, we should not wonder why apparently the law is not ready for implementation.
28:53.0
Good that the Marcos administration appears to listen to reasons.
28:57.0
So, his reading is more like the glass half full.
29:00.0
Yung iba is, wag na yan.
29:03.0
Tanggalin na yan para wala ng issue.
29:05.0
Will this affect yung petition filed?
29:07.0
By the way, may petition din na filed laban sa Marlica Fund sa Philippine Supreme Court.
29:13.0
Now, ayon sa Solicitor General Menado Guevara,
29:16.0
this will depend if yung mga petitioners ay magdi-decision to withdraw their appeal
29:20.0
to declare the Marlica Investment Fund unconstitutional.
29:23.0
Kasi, some are saying this is unconstitutional.
29:25.0
That this goes beyond certain boundaries and safeguards and allocation of state funds, etc.
29:32.0
Kasi, hindi naman pwede na kuha ka ng funds.
29:34.0
Remember yung DAP issue, diba?
29:36.0
But if they don't, and the SC does not suspend the proceedings either,
29:39.0
the OSGs will be prepared to submit comment on the validity of MIF law.
29:43.0
So, ang position dito, siguro, ang sinasabi dito ng gobyerno is,
29:46.0
kung tuloy yung petition sa Supreme Court,
29:48.0
di-defend pa rin namin yung MIF law.
29:50.0
Even if, more or less, on ice siya ngayon.
29:54.0
So, in September, Pimentel and former Bayan Muna Partylist Representative Neri Colmenares,
29:58.0
Carlos Zarate, and Ferdinand Gaiteb brought their fight against the funds.
30:01.0
This is like, pidibilapan, digong, alay, Pimentel.
30:06.0
Right? Interesting.
30:07.0
Together with Bayan Muna Partylist?
30:11.0
Now, actually, if you look at Congressman Neri Colmenares,
30:16.0
he has quite an interesting record because previously,
30:19.0
they took the JMSU, yung Joint Maritime Seismic Undertaking,
30:23.0
na nenegotiate yung pano ni Arroyo with China and Vietnam,
30:27.0
to Supreme Court.
30:28.0
And just the other month, earlier this year,
30:30.0
it was finally declared as unconstitutional.
30:32.0
So, quite successful, actually, record nila Neri Colmenares
30:35.0
in challenging constitutionality of some of the presidential initiatives
30:39.0
and prerogatives.
30:40.0
Anyway, ang position dito is that they'll defend it,
30:43.0
if ever it comes down to it.
30:46.0
But for now, mukhang may speculations on what's really going on here.
30:51.0
So, as I said, on one hand,
30:54.0
is this a case of public pressure effectively working?
30:59.0
As I always said, yes, may politika, may factionalism, whatever,
31:04.0
but public pressure matters.
31:06.0
Active citizenship matters.
31:08.0
So, that's one way of looking at it.
31:10.0
But another side of me says,
31:12.0
hintayin pa natin ito kasi meron pala ang gulo ng appointment
31:16.0
ng mga tao, or baka there's a possibility na hindi nagustuhan
31:19.0
ni Presidente, you wanna apply before the September 27 application.
31:23.0
So, that opens its own can of questions.
31:27.0
So, in short, welcome this as a good development,
31:30.0
meaning public pressure works,
31:32.0
but do not jump to the conclusions and be complacent.
31:35.0
That's what I always say.
31:36.0
Push for the best, but don't be complacent.
31:40.0
Count your blessings and little victories, but don't stop there.
31:45.0
Don't be cynical, but also don't be naive.
31:49.0
So, gano'n lang talaga.
31:52.0
But I don't know.
31:53.0
Honestly, if you ask me, I kind of feel good in general
31:56.0
because given all the background dynamics,
32:03.0
which I and all the R&R episodes we did,
32:07.0
we discussed everything.
32:08.0
So, yung mga nangyayari nila alam natin lahat ng mga backgrounds.
32:12.0
But for me in general, if walang public pressure,
32:17.0
the way we saw over the past 6-7 months,
32:20.0
walang public outcry, etc.,
32:22.0
I don't think these things would have happened.
32:24.0
I think railroaded lahat niyan, confidential phone,
32:27.0
maharlika phone, whatever.
32:29.0
Kaya mahalaga talaga yung boses ng bahay,
32:31.0
mahalaga talaga yung active citizenship.
32:33.0
Now, election time.
32:35.0
This information is important.
32:37.0
Vote buying, unfortunately, is important.
32:40.0
Also, kalukuha namin during elections.
32:42.0
But just because elections did not create the best of leaders
32:48.0
doesn't mean tapos ng usapan.
32:50.0
You can still influence the flow of our governance,
32:54.0
the conduct of our leaders, elected leaders,
32:57.0
whether you like them or not,
32:58.0
especially when you don't like them
32:59.0
or they were not your preferred candidate.
33:01.0
If you are active,
33:03.0
if you push for good change,
33:07.0
if you make the most out of whatever democratic space we have,
33:10.0
you can affect good change sa Philippines.
33:13.0
This is what I'm saying.
33:14.0
No room for complacency.
33:16.0
A lot we have to still observe.
33:18.0
A lot we have to watch out for.
33:19.0
But the lesson here pa rin is,
33:22.0
don't give up on our democracy.
33:24.0
Don't be cynical.
33:25.0
Don't withdraw from the field.
33:27.0
Push for a good governance.
33:29.0
And you never know.
33:30.0
There is always room for positive surprises.
33:33.0
I'm glad that we have Senator Cinta Villar
33:36.0
essentially implying that something is lacking
33:38.0
in terms of our development strategy.
33:40.0
Ayin nga sa kanya, bobo ba tayo?
33:43.0
Pero kulang tayo sa industrial policy.
33:45.0
I'm glad that President Marcos Jr. is
33:48.0
doing an audit review of the Mardika Fund.
33:51.0
I'm glad that the funds of the confidential fund
33:55.0
were reallocated.
33:56.0
So yeah, of course, we know the background stories.
33:59.0
We're still gonna watch out what's gonna really happen.
34:02.0
Hindi pa tapos ang usapan.
34:04.0
But it looks like public pressure works.
34:08.0
So, hindi po hanggang election lang
34:11.0
ang demokrasya natin.
34:13.0
Elections are important because they determine
34:15.0
who occupies the office.
34:17.0
But how those people in positions of power behave
34:20.0
will also depend on public opinion,
34:22.0
public action, democratic mobilization,
34:27.0
Kaya parati ko sinasabi,
34:29.0
don't give up on the Philippines.
34:30.0
Constantly push for it.
34:32.0
When you think all is gone,
34:34.0
still push for it because there could be surprises.
34:36.0
And when you think you scored a victory,
34:39.0
don't be complacent because there could be
34:41.0
another angle to this.
34:43.0
There's a lot of jujitsu here.
34:45.0
Parang boxing yan. Maraming rounds yan.
34:48.0
If you're not gonna get the knockout soon,
34:51.0
push it all the way to decision
34:53.0
and try to win in our decision.
34:54.0
That's how democracy works.
34:56.0
It's difficult. It's stressful.
34:58.0
It demands a lot of engagement.
35:01.0
But, over the long run,
35:03.0
at least we're gonna leave a better Philippines
35:05.0
to the next generation.
35:06.0
If we were just passive,
35:08.0
if we were just nega,
35:10.0
if we were just toxic and cancel culture
35:12.0
and wala nang pag-asang Pilipinas,
35:14.0
mag-migrate na tayo,
35:15.0
umpura nalang galing na tayo,
35:16.0
tapos tayimik na lang tayo,
35:19.0
For sure, lahat yung mga issue
35:20.0
na pinag-usapan natin,
35:21.0
tuloy-tuloy lang yan.
35:22.0
So, it's very, very important
35:24.0
for there to be pushback,
35:26.0
for there to be scrutiny,
35:28.0
for there to be active citizenship.
35:30.0
I always emphasize that.
35:32.0
And time and again,
35:34.0
even in spite of all the katrapuhan,
35:37.0
public pressure can work.
35:44.0
your chances are at least 50% of success.
35:47.0
Because if you don't try 0%,
35:48.0
hopeless case talagang Pilipinas.
35:50.0
Walang mangyayari sa atin.
35:52.0
At magpasalamat tayo
35:54.0
meron tayo isang presidente
35:55.0
na hindi diktador,
35:56.0
at mukhang hindi naman gusto maging diktador,
35:58.0
at medyo maayos mag-isip,
35:59.0
at medyo nag-gets naman niya
36:01.0
yung public opinion,
36:02.0
at hindi yung mga tipong pag
36:03.0
ayon niya yung sinabi mo,
36:04.0
tatawagin kang kalaban ng bayan,
36:07.0
hindi bara-bara mag-isip.
36:08.0
In fairness naman,
36:12.0
just in the order,
36:15.0
we didn't also get in the order
36:17.0
So, there's room for maneuver.
36:18.0
There's room for intervention.
36:19.0
There's room for mobilization.
36:21.0
Ito po yung argument natin.
36:22.0
But as I said again,
36:23.0
let's look at the details,
36:25.0
let's not jump to the conclusion,
36:26.0
the devil is in the details,
36:29.0
the details that I showed you,
36:33.0
class half empty.
36:34.0
So, the challenge here is
36:35.0
have to make a kid class full totally.
36:38.0
And that will not be
36:39.0
the end of the story
36:40.0
because next year ulit,
36:41.0
there'll be still again
36:42.0
General Appropriations Act discussions,
36:44.0
there'll still be discussions
36:45.0
on confidential funds,
36:46.0
all sorts of different funds.
36:48.0
So, tuloy-tuloy lang yan,
36:50.0
Pero ang sinasabi ko dito is
36:51.0
don't give up constantly.
36:54.0
kato lang sinabi ng kaibigan natin,
36:57.0
yung favorite natin,
36:58.0
isa pang favorite natin na host,
36:59.0
checks and balances.
37:00.0
And checks and balances,
37:02.0
well, at least in our case,
37:03.0
doesn't come automatically.
37:05.0
Checks and balances can also come
37:07.0
from public scrutiny
37:08.0
and public pressure.
37:09.0
So, isa lang vote natin
37:10.0
during elections,
37:13.0
but if we are organized,
37:15.0
if we are strong,
37:17.0
if we are unified,
37:19.0
if we make enough positive noise online,
37:23.0
it will affect the decision of people
37:26.0
including trapos.
37:27.0
That's what I'm arguing.
37:28.0
I'm not saying trapos here.
37:29.0
No, I'm just saying in general.
37:33.0
pinahirapan niyo kasi si Stella,
37:37.0
So, yeah, I'm just saying.
37:41.0
for all of these quotable quotes
37:42.0
kay Ma'am Cynthia Villiar,
37:44.0
actually, I appreciate her intervention
37:45.0
because I think it raises
37:46.0
the right questions.
37:48.0
I'm not sure about her answers
37:49.0
but I think it goes back
37:50.0
to what I've been saying
37:51.0
over and over again
37:52.0
about the importance
37:53.0
of industrial and trade policy.
38:05.0
mga tanong ba kayo dyan?
38:06.0
Ayan, magpasalamat tayo
38:09.0
kaibigan natin dyan.
38:14.0
thank you very much, Ma'am.
38:17.0
mga regulars natin.
38:19.0
Dapat mayroon nang ano
38:21.0
Ano yung mga discount
38:24.0
Nourgeline Dalmacio.
38:31.0
Yung mga ganun magsumagot.
38:33.0
Pag may susabihin ka,
38:35.0
Yung wala ka pa nga sinabi,
38:44.0
maga pa ako nagsasalita.
38:45.0
Annabelle Gamorras,
38:47.0
thank you very much.
38:49.0
Medi Foster Loza,
38:51.0
Thank you very much
38:52.0
sa lahat ng mga sumusuport.
39:03.0
itong mga kausap natin dyan.
39:06.0
Okay, wag kayong ganun.
39:10.0
wag kayong magalit, Ma'am.
39:11.0
In fairness naman kayo, Ma'am.
39:12.0
Matama naman yung question
39:13.0
ni Ma'am Senator.
39:15.0
Bakit naman kasi niya sasabihin naman?
39:19.0
Ay, Diyos kang Pilipinas.
39:21.0
Alright, thank you very much
39:22.0
kay Ma'am Edna Luna,
39:26.0
kay Noemi Tablad.
39:28.0
again, one of my other favorite
39:32.0
Tama yung sinabi niya,
39:33.0
Checks and Balances
39:34.0
and it's beyond institutions.
39:36.0
active citizenship.
39:39.0
Congressman Lagman.
39:42.0
in fairness sa Congressman Lagman,
39:45.0
one man team siya
39:46.0
more or less dyan sa lower house
39:49.0
he has made the right noise.
39:50.0
But don't forget,
39:51.0
pasalamat din kayo
39:55.0
magpasalamat kayo.
39:57.0
Magpasalamat din kayo sa media
40:00.0
when they're interviewed on media,
40:02.0
kahit mag-isa lang siya sa Lagman,
40:04.0
kasi yung ibang LP
40:05.0
katulad ni Stella,
40:06.0
nandun na kabila.
40:09.0
It amplifies their voices.
40:11.0
Congressman Lagman
40:14.0
He knows what he's talking about.
40:15.0
He's very articulate.
40:16.0
He's even a better
40:20.0
Medyo cult siya sa akin
40:21.0
nang nag-meet kami
40:24.0
At least mabayit naman sila
40:25.0
Christian and Skyera sa akin.
40:28.0
wala tayong mga asaran.
40:30.0
thank you very much.
40:32.0
And God bless and talk to you soon.
40:33.0
Magpasalamat din ako dito sa kabila.
