01:34.5
team daw after all of his
01:36.8
trips. Nakakapagod
01:38.7
talaga mag-travel mga kameta.
01:40.8
Hear it from me. Diba?
01:42.9
Nag-Greenland, Sweden,
01:44.8
Denmark, Singapore,
01:49.3
Medyo napagod tayo.
01:50.4
So alam natin yan.
01:51.6
Nakikiano tayo sa ating
01:53.2
minamahal na presidente. Napagod naman
01:55.3
sa kaka-travel mga kameta.
01:57.7
Nag-run out of steam na daw.
02:03.1
Okay, okay mga kameta. Ito. Marami tayong
02:05.6
pag-usapan today. Hindi lang itong
02:07.4
minamahal natin presidente. Pag-usapan
02:09.4
natin. Semiconductors,
02:11.8
high quality investment.
02:13.3
Pag-usapan natin. Banko Sentral
02:15.5
ng Pilipinas. Ang laki
02:17.4
ng baksak. Nung mga
02:19.6
nako, nako, nako.
02:21.6
Profits ng Banko Sentral.
02:24.1
Nako po. Medyo 70%
02:26.2
ng baksak. Of course, ito po
02:27.9
yung Banko ng Bayan. At
02:29.6
that raises big questions. Of course, mga kameta
02:32.0
about the future of
02:33.7
Maharlika Sovereign
02:35.7
Wealth Fund. Kung yung BSP natin ay hirap
02:37.7
na hirap na. At may mga questions dun sa
02:39.8
viability ng land bank and other
02:41.9
institutions na mag-fund sa Maharlika Sovereign
02:43.8
Fund. That's gonna raise a lot of questions
02:45.7
mga kameta. So pag-usapan natin lahat
02:47.8
ng mga yan. Mga kameta,
02:51.4
sabihin ko na, mahal ko kayo, mahal
02:55.5
Alam mo yung nakakainis yung mga gano'n.
02:57.5
Yung mga, ayaw ko na magsalita.
03:00.8
Pero sige, magsalita
03:01.8
na ako. Alam mo yung mga tipong
03:03.5
dati nag-high school musical
03:05.8
na lang. Tapos ngayon, medyo
03:07.3
titas of California na
03:09.7
biglang natidiscover yung
03:11.5
pagka-Pinoy. Next thing you know,
03:13.7
nagiging ambassador, ambassador
03:15.4
ek-ek ng Pinas. Tapos yung iba pa sa kanila
03:17.4
ang tagal-tagal. Pinoy na nga sila.
03:19.5
Never sila natuto mag-Tagalog. Kahit
03:21.4
konti lang. Hindi ko talaga maintindihan yan.
03:23.4
Alam mo, any other half-Asian
03:25.3
blood, Chinese, Korean,
03:27.5
Vietnamese, Thai, whatever na kilala ko,
03:30.5
may konting effort yung mga
03:31.6
bata matuto yung mga language na Asian
03:33.3
side nila. Ito yung mga half-American,
03:35.3
half-European, whatever. Yung mga Eurasian na yan.
03:37.9
Ito talaga may makikita tayo, mga
03:39.3
biglang, biglang, mahal ko kayo.
03:41.6
Yung mga gano'n na lang.
03:43.4
In the na, isip ko yan. Kasi may
03:45.2
nag-comment sa akin, Sir, bakit parang
03:47.2
may pagka-bentol po kang
03:51.4
Excuse me, wala akong tuwang na ganyan.
03:53.7
Yung mga, yung mga ganyan.
03:55.6
United States. Hindi naman ako
03:57.4
ganyan magsalita, mga kamets.
03:59.5
Medyo konyang Tagalog natin, pero matina
04:01.6
naman tayo mag-Ingles.
04:03.4
Tingnan nyo naman mga interviews natin sa CNN,
04:05.4
BBC, CNBC. Medyo matina naman tayo.
04:07.8
Hindi naman tayo mga,
04:08.9
yung ganyan na tuwang-tuwang style.
04:11.6
Hindi ko lang sinasabi na si parang ben ay ganyan.
04:13.9
Ang sinasabi ko lang,
04:15.4
iba yung pagka-konyo namin.
04:17.5
Just to be clear on that. So yun na,
04:19.4
mahal ko kayo. Yung mga ganyan.
04:21.4
Yung ilang taon ka na te.
04:23.3
30, 40, whatever. Ang tagal mo na
04:25.1
Pilipino ka, hindi ka malang natutup
04:27.2
magsabi ng mahal ko kayo.
04:29.6
Or like, yun ang sinasabi ko.
04:32.2
Dapat talaga we raise
04:33.4
yung mga kababayan natin na may
04:39.0
Of course, including yours truly.
04:40.7
Di ba, at least nag-effort tayo. Ako nga, maraming doon pa nga ako
04:44.7
O, mamaya na si Mekos Mekos Insan.
04:47.6
Yung klase yun na.
04:49.1
Yung Mekos Mekos na yan.
04:51.4
May next time. Baka gusto mo na gumawa rin
04:53.2
ng mga kalokohan na ganyang videos. Parang si
04:55.0
Mekos Mekos Insan. Yun, Mr. Nobody
04:57.3
ba yan? Nasa'yo ko, wag na. Baka masira
04:59.2
ang karirin natin dyan.
05:01.0
Mamaya na tayo maki-Mekos Mekos dyan, ha?
05:05.5
Grabe naman yung kay Mekos Mekos.
05:07.0
Medyo, ano na, bordering racist na yan.
05:10.8
Ito naman si Ka-Mekos, o.
05:13.2
Nag-alit tuloy yung mga kababayan
05:15.0
niyan sa kanya. Anyway,
05:17.4
ang sinasabi ko lang, doon sa mga
05:18.9
mga dugang Pinoy, wag naman kayo biglang magiging
05:21.6
biglang ma-rediscover nila
05:22.9
yung pagka-Pinoy nyo, yung medyo
05:24.4
yung karirin nyo sa kabilang mundo ay medyo
05:26.8
ano na, Titas of California na.
05:29.0
Huwag naman sanang ganon. Tapos kung magta-Tagalog
05:31.0
naman mo, kaya practicean nyo naman ng konti.
05:32.6
Hindi naman yung mahal kakaya o yung mga
05:34.8
ganyan. Ayusin nyo na naman!
05:36.5
Hindi naman ganyan mag-Tagalog, di ba?
05:38.8
Ano ba naman mga... Alam ko
05:40.5
konyang Tagalog kung minsan baluktot,
05:42.6
minsan ganon. Pero at least nag-effort naman
05:44.7
tayo mga kameta. O,
05:46.7
among mag-Ilocano.
05:49.6
Kukang-kukang natin
05:50.7
yung Ilocano vibes natin mga kamets
05:52.7
bago natin pag-usapan si
05:54.7
Mekos. Hindi. Hindi si
05:56.6
Mekos-Mekos, Marcos-Marcos
05:58.8
ang pag-usapan natin.
06:00.4
Insan, mga kahinsan.
06:02.7
Mga may na tayo mag-Mekos-Mekos,
06:04.3
mag-Marcos-Marcos muna tayo.
06:06.4
Yan ang sinasabi ko, masyadong soft
06:08.3
yung culture natin.
06:10.5
Masyado tayong soft. We have to
06:14.1
distinct Filipino identities.
06:16.4
Yung mga kababayan natin dyan na
06:18.5
may halo ng ibang dugo
06:20.3
or based sa ibang bansa, lumaki sa
06:22.2
ibang bansa. Mag-effort naman kayo magmatuto
06:24.1
ng lingwayo natin. Huwag naman
06:26.1
ganon. Ako nga, both Ilocano-Tagalog
06:28.4
nga. Kahit ganyan balugto yung Tagalog natin.
06:30.4
Nag-effort naman tayo mga kameta.
06:32.3
Yung Mekos-Mekos din naman yung
06:35.4
yung mga, ano nyo,
06:38.1
yung background yun, yung
06:40.1
cultural heritage. Masyado tayong
06:42.1
soft eh. Anything goes.
06:44.1
Ganon. Dapat we have to assert it.
06:45.9
Sabi ko yung mga kilala ko, mga half Thai,
06:48.1
half Vietnamese, half ganon.
06:49.5
Ganon. Tapos kanon yung Tata
06:51.1
or Europeo, ganon. Or whatever combination.
06:53.7
Nag-effort matuto eh.
06:55.3
Nag-effort matuto.
06:57.2
Nang lingwayo ng Asian side
06:59.3
nila. So huwag tayo masyadong
07:00.6
yung mga Mekos-Mekos dyan,
07:02.8
mix-mix ka tulad natin dyan.
07:05.3
Nag-effort natin yan.
07:11.2
kay Lola. Yung Ilocano ko eh. Medyo
07:13.3
matigas yung accent ko talaga.
07:17.1
Okay, okay. Mga kamekos.
07:18.6
Ay, mga kamarkos.
07:21.2
Ito na, ito na, ito na.
07:22.4
Dami natin pag-usapan.
07:26.6
give you an outline. O, yung mga iba dyan.
07:29.6
Nagpapatawala ako pero
07:30.4
seryoso ang tao. Okay, so
07:32.4
obviously we're gonna talk about President Marcos Jr.
07:34.2
Ayan, change tone na. We're gonna talk about President Marcos Jr.
07:37.1
We're gonna talk about
07:40.5
well, nakapagod ng travel. But let's
07:42.5
connect this to something more serious. Kasi
07:44.3
well, I want the President to be at his
07:46.5
100% because otherwise,
07:48.6
dami natin mga problema. And speaking of
07:50.6
the President, recently, just
07:52.6
as we predicted, mga kameta, just
07:54.6
few days ago. Actually, just two days ago or so.
07:58.7
change in position of the government dun sa issue
08:00.5
ng ICC, International Criminal Court. And that's
08:02.6
exactly what we're seeing.
08:04.9
So, kung titignan niyo yung meta ko,
08:06.8
just the other day on whether si Sara,
08:08.8
si Bato, pwede mga ICC, di ba yung
08:10.5
position ng kabila dyan? Ay,
08:12.8
wala na. Sinabi na ni Marcos na against
08:14.7
siya sa ICC. But this is June.
08:16.7
And so much has changed since then. Kaya nga sabi niya,
08:18.6
natin, kailangan natin si Marcos Jr.
08:22.2
And the hammer should come down if talagang kailangan
08:24.6
some big moves to happen.
08:26.2
Wow! Kamekos dyan!
08:33.3
Now, just to give a
08:34.6
preview, what I was referring to
08:36.1
dun sa issue ng BSP. So, apparently,
08:39.2
already by September, there were
08:40.6
already alarm bells
08:41.7
dito sa BSP na 64%
08:44.6
nag-plunge yung profit nila. And then, most
08:46.5
recently, umakyat pa up to
08:48.4
70% yung year-on-year
08:50.1
decline nila dun sa kanilang profit. So,
08:52.4
ang dami natin mga problema.
08:54.9
And I think the President has to really
08:56.5
seriously reassess itong Maharlika Sovereign
08:58.5
Wealth Fund if this is the right time
09:00.0
for a fund like that. Bakit to rin si
09:02.3
Harry Roque ang lumalabas dito sa mga files ko
09:07.7
mga insan. Wait lang.
09:10.6
Hindi, ito, ito, ito. San na to?
09:15.9
O, ito, ito. Di ba?
09:18.4
Ang laki nung, ano eh,
09:19.7
ang laki nung mga baksak ng profits
09:21.7
ng BSP, et cetera. And remember, BSP
09:23.6
is supposed to be one of the institutional
09:25.7
funders or sources of funding
09:27.7
for Maharlika Sovereign Fund. Pag-usapan din
09:29.6
natin yun, mga kamayta, ah.
09:31.4
O, seryoso natin. O, tama na yung mga mekos-mekos
09:34.0
na yan. Mag-Marcos na tayo. Anyway,
09:35.8
let's go first to our President. Let's check
09:37.9
what's up with our President. Cause, you know,
09:40.0
he's quite away, you know,
09:41.9
for a while. So, let's see what's happening. Of course,
09:43.8
he went to the APEC Summit, and then he went to
09:48.4
Travel, travel. Very difficult.
09:51.7
Alright. So, sabi ng ating
09:52.9
mahal na Presidente,
10:00.3
Hindi ko sinabi. He ran out of spin.
10:03.0
Ayan na naman tayo.
10:05.3
Deligato tayo eh.
10:06.7
Na Freudian slip na na.
10:08.6
Out of spin. Out of steam.
10:10.8
Okay, mga kamayta. Deligato talaga tayo.
10:13.3
Mahal ko kayo. Mahal ko
10:15.0
kayo. Ayan. Ayan. Tuloy
10:17.0
parang hawayan na lang
10:18.3
tayo. Okay, eto. Sabi na ating
10:20.2
minamahal na Presidente, mga kamets.
10:25.8
Sabi ni Presidente
10:26.6
Perry Mascot Jr. nung Friday,
10:28.3
nung bumalik siya, napagod-napagod siya
10:29.9
dun sa kanyang six-day trip to the United
10:32.1
States, pero okay naman daw siya.
10:34.8
Eto yung sinabi niya. Basically, I just
10:36.3
ran out of steam. Hindi pa ako nakapag
10:38.2
recover sa biyahe. I suppose I just
10:40.3
need to rest. I am fine now. Thank you for
10:44.9
Diba talagang minamahal natin
10:46.4
ng Presidente yan. Now,
10:48.3
obviously, Presidente Duterte
10:49.5
Presidente Marcos Jr.,
10:52.2
we need him at his best.
10:54.0
In fairness naman, hindi madali mag-travel ng
10:55.7
intercontinental and all. Just to be
10:58.0
fair to the Presidente. But obviously, guys,
10:60.0
of course, alam nyo naman, marami mga negative reaction
11:02.0
dahil sinasabi nila
11:04.2
abang hirap naman ang buhay, travel
11:05.8
and travel. But in fairness naman to the Presidente, he had a pretty
11:07.9
packed schedule. Meeting Presidente
11:10.6
Xi Jinping, that was
11:12.0
not an easy conversation. Medyo
11:13.9
tough na conversation yan.
11:15.4
And then, well, hindi natuloy yung
11:17.5
meeting niya with Elon
11:19.2
Moss dahil nagkasakit naman si Elon Moss.
11:21.0
Nakakabiyarin siguro yan. And then, nag-Hawai
11:23.3
pa siya. And then, pumunta siya sa Indo-Pacific
11:25.0
Command, which is, of course, a very, very, very
11:27.0
important meeting also, mga kameta.
11:29.6
So, in fairness naman to the Presidente,
11:31.2
he has been, you know,
11:33.2
quite active and doing what is needed to
11:34.9
be done on many fronts. And we need him
11:37.2
really at his best, at his sharpest
11:39.1
dahil nga, ang dami mga
11:41.1
nangyayari sa ating bansa, mga kameta.
11:43.4
Now, first of all, first order
11:45.2
of things that Presidente Marcos Jr. had to
11:47.2
address was yung speculation
11:49.1
dito sa issue ng ICC. Ano ba
11:53.0
baway? ICC na ba? Or hindi eh?
11:54.8
So, this was a very
11:57.2
serious issue. And exactly as I said,
11:59.1
mga kameta, few days ago,
12:00.8
mamaya na naman, sasabihin niya naman si Ronald
12:02.8
Llamas nagsabi yan. Walang iya talaga mga tao.
12:07.2
excuse me, on the record, may
12:12.0
Mamaya, by the way,
12:12.9
guys, mamaya na sila
12:15.0
Ronald Llamas. Okay. Mga RRN,
12:17.2
L na naman kami. Yung paborito
12:19.0
niyong Menage a Trois.
12:21.1
Okay. So, katulad na sinabi na, katulad,
12:23.6
wala na, nasira na.
12:25.4
Mahal ko kayo. Katulad.
12:29.1
nang sinabi natin few days ago,
12:33.0
you know, has, it's changed.
12:35.4
Medyo may, may, may,
12:36.9
you know, the bamboo is kind of, you know,
12:39.4
swinging in a different direction.
12:40.7
Right? Alam mo na ang Pilipinas,
12:42.9
sabi nga ni, ano, sabi ni
12:45.0
Parang Arap, weather-weather
12:47.2
na ito, ito. So, just as
12:49.2
we said, if you look at the statements by the Department
12:51.1
of Justice, if you look at the statements by
12:53.3
the leadership of the House of Representatives,
12:55.5
Martin Romaldes, and of course, if you look
12:57.1
at the push by some of the politicians,
12:59.4
including not so progressive and a little
13:01.2
bit trap of politician, for the
13:03.1
ICC to come back to the Pilipinas,
13:05.1
to the Filipinas, to the Philippines,
13:07.5
alam natin na medyo umiiba
13:09.0
ng inip ng hangin. Alright? Medyo
13:11.2
na may mekos-mekos na yung politika
13:15.1
Sira na ito. Itong mekos,
13:17.1
mekos talaga eh. Talaga ito, Sinsa,
13:22.9
Makamata din tayo ng
13:24.1
Chamber of Commerce, ha?
13:25.6
Okay, ito, ito, ito.
13:26.9
Hindi, hindi, mga kameta.
13:28.4
Mga kameta, ganito.
13:31.5
Sabi ko sa inyo eh, umiiba
13:33.0
ng inip ng hangin eh.
13:34.7
And this is the Philippines. It's hard to say
13:37.1
talaga whether alliances,
13:39.1
especially alliances of convenience or inconvenience
13:41.3
if they're gonna hold. Right? And here,
13:43.0
clear na kita natin, mga kameta, things are changing.
13:45.1
Now, what does President Marco Jr.
13:48.9
Alright? So, the DOJ,
13:51.7
the House leadership,
13:53.2
a number of all of the President,
13:55.0
progressive, not so progressive,
13:57.6
medyo trapo, lahat sila nagsabi
13:59.3
na kailangan natin yung paso ng ICC
14:00.8
dahil biglang concerned na sila sa human rights,
14:02.9
especially yung iba na medyo sa kabilang
14:05.0
banda sila not long ago. But anyway,
14:06.9
Philippines being Philippines. So, President Marco Jr.,
14:09.2
aside from saying that medyo he was losing steam
14:11.3
at pagod siya dun sa kanya mga
14:12.9
BIs, sinabi rin niya na now under
14:14.9
reconsideration, itong earlier decision
14:17.1
to say no, big no, categorical
14:19.5
no to the International Criminal Court.
14:21.1
Remember, dun sa isang vlog, pinag-usapan
14:23.1
natin yung statement ni President Marco Jr.
14:25.2
early this year around June and July
14:26.6
when he said, no, tapos na ang usapan,
14:29.4
we're gonna do no business anymore with ICC.
14:31.4
Well, suddenly, iba yung inip
14:33.1
ng hangin. Right? So, when he was
14:34.9
asked about the issue, right, he said,
14:37.2
there's also a question, should we return under
14:39.1
the fold of the ICC? Oh, suddenly, biglang,
14:41.7
wait lang, sir, parang nung
14:43.3
few months ago lang, sinabi mo, tapos na ang usapan,
14:45.2
biglang ngayon, there's a question?
14:47.1
So, that's, again, understudy.
14:49.8
So, again, understudy.
14:51.2
So, sinasabi ni Marco Jr. na pinag-aaralan
14:53.1
ulit itong option
14:55.1
ng ICC. So, we'll just keep it,
14:57.3
keep looking at it and see
14:59.0
what our options are.
15:01.2
Okay? So, it's a kind of
15:03.2
an answer, non-answer answer,
15:05.8
but in a way, it can tell
15:07.3
you also a thing about how fluid
15:09.0
the situation is, and kung ikaw
15:11.0
ay ka-DDS, katulad ng mga kasama natin dyan sa
15:13.0
YouTube, among others, medyo mapapaisip
15:15.6
ka what's gonna happen next.
15:17.1
Diba? So, here, again, we see the
15:18.8
President's conflict avoidant, but it's
15:20.9
still leaning towards one direction, which is
15:22.9
potentially going after the
15:24.8
other side of the equation. So,
15:27.2
mga kameta, ito yung
15:29.0
sinabi ni President, it's really a sense of the
15:30.8
House resolution, in the sense, they're just
15:32.8
expressing or manifesting the sense of the House
15:34.9
that perhaps it's time to allow or to cooperate
15:37.0
with the ICC investigation. So,
15:39.2
remember, ito yung exactly sinabi ni
15:40.9
Martin Romaldes, Speaker of the House
15:42.8
Martin Romaldes, just a few days ago, that
15:44.7
wala akong alam dyan,
15:47.1
wala tayong masabi dyan,
15:49.9
ito lang may mga kasama natin
15:51.6
dito sa House of Representatives,
15:53.6
gusto nila i-express yung kanilang sense,
15:55.4
well, they're free to do so, and we
15:57.2
support transparency
15:59.6
and consultation within the House of Representatives.
16:02.2
So, mga kameta, kung makikita nyo
16:04.0
dito, klarong-klaro talaga
16:05.7
na iba na talaga yung inip
16:07.7
ng hangin compared to doon sa
16:09.6
mga pinag-usapan natin at saka
16:11.5
your state of affairs earlier this year.
16:13.5
And to be fair, it looks like
16:15.1
President Marcos Jr. on multiple occasions
16:17.0
giving a chance to the other side
16:19.1
oh, umayas na kayo,
16:20.0
akawa kayong presidente ngayon,
16:21.3
don't forget that.
16:23.0
si tatay, push ng push.
16:26.4
President Marcos Jr. nevertheless
16:27.7
tried to once again strike a balance.
16:29.6
Medyo conflict avoidan,
16:30.6
alam mo naman yung style.
16:33.5
it's really a sense of the House resolution,
16:35.4
but as I've always said,
16:36.5
there's still the problem
16:37.6
in terms of jurisdiction
16:41.5
he's not totally throwing out of the window
16:44.1
yung sinabi niya just few months ago,
16:45.9
pero parang medyo nag-tipo,
16:46.8
pero parang medyo nag-tipo,
16:47.0
nag-lilin na siya doon
16:48.6
sa kabilang side ng argument.
16:51.7
now if we can solve these problems,
16:53.4
then that would be something else.
16:54.7
But medyo fundamental yung mga question na ganun eh.
16:57.9
Parang, parang academic,
16:59.4
alam mo mga academic conferences,
17:02.2
but the question is,
17:03.7
the bigger question is,
17:06.1
Because if you're talking about
17:07.1
the jurisdiction of the ICC,
17:08.3
especially since that we have withdrawn
17:09.6
from the Rome Statute a few years back,
17:11.5
that brings in the question
17:12.7
whether or not this is actually possible.
17:15.9
I thought sinabi niya na hindi possible.
17:20.2
it's a question whether it's possible.
17:21.7
But remember mga kameta,
17:22.8
sinabi ng Supreme Court of the Philippines,
17:24.9
di ba, meron ng stance saan,
17:26.1
at may explanation ng ICC,
17:27.7
bakit applicable pa rin yan,
17:30.8
kainterview natin si Sen. Leila de Lima
17:32.6
and explained din niya
17:33.3
bakit kasama magpasok yung jurisdiction
17:35.4
ng ICC dito sa Pilipinas.
17:37.0
Now, let's not forget,
17:38.2
Justice Secretary Jesus Crispin Boing Ramulia
17:41.1
also said that ngayon,
17:43.3
under serious study,
17:47.0
pag-aralan natin,
17:48.6
sinabi niya Ramulia,
17:50.7
talagang pinag-aaralan natin ngayon,
17:53.2
na it's under serious study.
17:57.0
Solicitor General Menardo Guevara,
17:59.1
medyo iba pa rin stance.
18:00.2
Remember, he was the DOJ Secretary
18:01.4
of the former administration,
18:03.1
so kailangan niya pa rin,
18:05.9
alam niyo na kalakaran.
18:07.6
So, ito yung sinabi ni Guevara,
18:08.9
who had served as DOJ Chief
18:10.5
of the former President,
18:12.1
such resolution if adopted
18:13.4
referring to a potential resolution
18:14.8
by the Philippine Congress,
18:15.9
to allow ICC to come in
18:17.6
and conduct independent investigation.
18:19.4
Remember yung mga sinasabi
18:20.2
ng mga kadidyes natin doon?
18:21.7
Kung wala ka naman maling ginawa,
18:23.7
wala kang ikakatakot, di ba?
18:25.2
Ganon lang naman yun, di ba?
18:26.7
Di ba yun ang sinasabi nila
18:27.6
doon sa mga suspected na drug dealer
18:29.7
or yung mga dilawan daw
18:31.1
na corrupt or whatever?
18:32.5
Well, ganon din ang tanong niya,
18:33.4
kung wala ka naman ginawang mali,
18:34.6
bakit katakot sa investigation
18:35.9
na objective naman?
18:36.9
So, sabi naman ni Guevara,
18:39.2
such resolution if adopted
18:40.6
rounds counter to the position
18:42.5
repeatedly declared by Noles
18:43.6
and the President,
18:44.1
the Head of State,
18:44.8
that the Philippines has no,
18:45.9
legal duty to cooperate
18:46.8
with the ICC on jurisdictional grounds
18:48.4
and that any such unwanted
18:49.7
interference in our affairs
18:50.7
by the ICC will encroach
18:52.3
upon the sovereignty of our country.
18:55.1
the President has changed his tone.
18:58.1
when it comes to this issue,
18:59.3
it's not only an executive issue,
19:01.0
the Republic is not only
19:02.0
represented by the President,
19:04.0
when you're talking about
19:04.5
the Rome Statute,
19:05.2
it's a treaty issue.
19:07.0
The Supreme Court already
19:08.1
had made its stance on this clear.
19:11.7
Many in the Senate maintain
19:13.0
that questionable yung unilateral
19:15.9
withdrawal by Digong
19:16.9
without the consultation
19:18.9
And our very entry,
19:21.0
our very ratification
19:22.5
also went through the Senate.
19:23.9
So, very simplistic na
19:26.6
ito yung sinabi ni BBM nung June,
19:29.0
tapos nang usapan.
19:32.1
nag-iiba yung position,
19:33.6
nag-iiba yung position
19:34.3
ng kasalako ng DOJ,
19:36.3
ang in-insist ng legislature
19:37.7
na actually may say
19:38.7
dapat sila dito sa issue na yan,
19:40.1
even if the President
19:41.0
is the chief architect
19:42.2
of our foreign policy.
19:44.3
And the Supreme Court
19:46.7
a lot of objective experts
19:48.7
and yung mga nag-iisip na experts
19:49.8
will also tell you
19:50.7
that the issue of complementarity
19:52.2
will not necessarily
19:53.2
be violated here, right?
19:54.6
That the principle
19:55.1
of complementarity
19:56.1
still applies, no?
19:59.1
that the President's statement
20:00.1
is very different.
20:01.2
So, just in August,
20:03.3
sinabi ni President
20:04.3
that the Philippines
20:06.8
of rejoining the ICC,
20:08.7
And a month earlier or so,
20:10.5
wala tayong business dyan,
20:12.0
we don't want to deal
20:12.5
with them at all.
20:13.7
iba yung inip na hangin.
20:14.8
So, it looks like Guevara,
20:15.9
is still maintaining
20:17.9
as the DOJ Secretary
20:20.1
now as a Solicitor General,
20:21.8
but it doesn't necessarily
20:23.3
jive with the stance
20:24.2
of the current DOJ Secretary
20:26.6
pinag-aaral na ngayon.
20:27.8
And the President himself
20:28.7
was kind of leaning
20:31.1
maybe we'll move forward.
20:34.0
of right man hand,
20:39.2
Philippine Congress
20:39.8
to express their stance
20:42.3
what's interesting,
20:43.9
medya yung kulang dito
20:49.0
ng Philippine Senate
20:50.2
because at the end of the day,
20:51.2
the Senate has also
20:52.2
supposedly a law of say
20:53.6
and the Senate is supposed
20:54.5
to be more independent-minded,
20:56.3
So, let's see also
20:56.8
what some of the folk senators
20:58.0
are going to say.
21:00.0
mga katulad ng Riza Ontiveros,
21:01.4
mga progressives,
21:02.2
mga totoong opposition,
21:03.9
yung mga stance nila.
21:04.6
But, if you want to hear,
21:05.9
alam din naman natin
21:06.6
yung stance ni Bato.
21:09.9
kung makakalusot siya
21:11.4
or yung stance ni Robin Hood.
21:12.6
No, I'm talking about
21:13.3
stance ng mga more independent
21:15.2
or centrist senators.
21:18.8
Let's see what Mig Zubiri
21:20.2
Is he going to be more on board
21:21.2
with Martin Romaldes
21:23.3
They're going to play safe
21:25.4
you know what I'm saying?
21:26.1
So, these are the things
21:26.8
that we have to keep in mind,
21:28.3
as we look forward.
21:30.5
having said that,
21:33.0
is just one big part
21:35.1
that the President
21:35.8
is not right now facing.
21:39.0
ay, mga kamarkos,
21:43.2
The other thing is,
21:44.4
yung ekonomiya natin.
21:48.7
When President Marco Jr.
21:51.2
one of the things
21:53.1
dun sa inauguration speech
21:57.8
yung parang sinabi ni Trump,
21:59.0
if I become the President,
22:00.1
we're going to win,
22:00.7
we're going to win so much,
22:01.8
you're going to say,
22:06.6
nang yung Presidente,
22:08.4
we're going to have
22:09.0
a kind of a golden era,
22:16.4
But the reality is that,
22:18.2
to be fair to President Marco Jr.,
22:19.7
he inherited a very bad economy,
22:21.8
because of the pandemic,
22:22.9
but also because of the horrible
22:24.1
mismanagement of the pandemic
22:25.7
by the previous administration,
22:27.1
lahat ng mautang na kuha niya.
22:28.7
But nevertheless,
22:29.5
we were expecting some
22:30.4
positive movements,
22:33.6
nare-recover tayo,
22:34.5
and the GDP growth naman,
22:35.9
is the fastest in the region,
22:38.5
we're in total freefall,
22:40.2
but if you look at
22:41.3
some of the indicators,
22:42.2
given na yung food inflation,
22:45.1
not as bad as Argentina,
22:47.7
or this kind of countries,
22:49.7
pretty troubling,
22:51.0
pretty troubling.
22:52.2
And then we also saw
22:53.0
earlier this year,
22:54.7
actually since last year,
22:57.7
itong mga reports na
23:00.2
yung mga foreign direct investments
23:02.3
So, make you wonder,
23:03.2
the President is traveling
23:04.8
meeting all of these
23:05.3
foreign investors,
23:10.6
by January parang,
23:15.3
And then more recently,
23:18.9
in the first half of 2020.
23:23.0
something is not working here,
23:25.6
Something has to give,
23:27.8
something has to adjust,
23:29.0
something has to adjust.
23:30.7
the President needs to have
23:31.8
some economic strategy reboot,
23:33.6
or is this a matter of
23:35.3
just waiting it out?
23:37.9
siguro yung supporters
23:38.6
ng administration,
23:39.5
they'll say something like,
23:42.0
don't drop the gun right away.
23:44.8
we're still going through
23:45.5
a transition period.
23:47.6
And one of the things
23:48.3
that people are looking at right now
23:49.7
is the possibility that,
23:51.4
the Philippines will attract
23:52.5
high quality investments.
23:54.1
So, for instance,
23:56.7
may bagong announcement
23:59.1
nung pumunta sa Amerika
24:00.4
si President Marcos Jr.
24:02.3
of the APEC Summit,
24:03.3
that there will be cooperation.
24:05.2
This is the sector
24:05.9
I keep on talking about,
24:08.5
Semiconductor chips.
24:09.2
This is what runs everything,
24:12.9
yung mga bagong kotse,
24:14.5
these are all run by semiconductors.
24:16.2
Without semiconductors,
24:17.7
you can barely run anything
24:18.9
in the modern era, right?
24:20.8
Now, the idea is that
24:21.8
Philippines can be part of
24:22.8
the semiconductors industry
24:25.9
actually made an announcement
24:28.7
ayon sa U.S. State Department,
24:30.5
they will collaborate
24:31.1
with the government of Philippines
24:33.0
to explore pa lang, okay?
24:34.3
So, let's not get too excited.
24:36.4
Opportunities to grow
24:38.0
the global semiconductor ecosystem,
24:42.1
less production on China,
24:43.5
push it to more friendly countries.
24:47.2
in the Biden administration.
24:49.0
They use the term
24:51.0
So, this is under
24:52.2
the Technology and Innovation
24:54.7
created by the CHIPS Act of 2022.
24:57.1
So, the International Technology
24:58.4
Security Innovation,
25:01.7
So, this special fund
25:02.8
is supposed to push
25:04.8
a more resilient,
25:06.5
global semiconductor
25:10.9
bawasan mo yung role ng China.
25:13.5
there's an effort to see
25:14.6
whether the Philippines
25:15.4
could be integrated
25:20.9
production networks.
25:24.8
mukhang nasa phase pa lang tayo
25:26.2
ng comprehensive assessment
25:27.8
of the Philippines'
25:28.5
existing semiconductor ecosystem
25:30.1
and regulatory framework,
25:31.8
as well as yung human capital natin
25:33.6
at saka infrastructure needs.
25:35.3
So, pinag-aaral pa lang natin
25:36.8
ng mga aliado natin
25:38.4
because the US wants to help
25:40.4
and wants to push
25:46.8
anong say natin dito?
25:47.6
Ang say natin dito is,
25:49.5
okay, good signal,
25:51.5
but I want to see
25:52.1
more than just assessment.
25:53.2
I want to see some big movements.
25:55.2
hindi rin naman tayo bitter,
25:57.0
I will be more than happy
25:58.2
to see if something happens
25:59.9
in a positive sense
26:01.0
dun sa semiconductor investments
26:02.9
because, eto na nga,
26:03.9
pabaksak yung FDI
26:06.5
katulad ng discussion natin
26:07.6
with Sonia Angara,
26:08.4
it's not just getting any FDI,
26:09.9
it's getting high-quality,
26:11.0
that brings jobs,
26:12.6
that brings quality jobs,
26:13.9
that brings quality technology,
26:15.4
that enhances our research development,
26:18.2
to very much leverage
26:20.4
yung mga new trends,
26:22.1
of industrialization
26:23.9
and technological advancement
26:25.0
in the 21st century
26:26.4
because yung mga strategy
26:27.6
in the 20th century
26:28.3
hindi na nagagawa na ngayon.
26:29.8
Well, in the 20th century,
26:30.8
palpak yung mga leaders natin
26:31.9
tapos nang usapan.
26:33.4
we can be more successful
26:34.4
just like Vietnam,
26:36.0
just like many of our
26:36.9
neighboring countries,
26:37.9
just like even India,
26:38.8
na biglang ngayon
26:41.4
of industrialization
26:42.4
and semiconductors.
26:44.1
But let me end on this point,
26:45.7
ito, mahalaga ito.
26:46.4
This is very important.
26:48.2
Let's go to the issue
26:49.0
of Maharlika Sovereign Wealth Fund
26:50.1
because this is really
26:55.5
economic strategy
26:59.4
one of the troubling things
27:00.5
we're seeing is that
27:03.9
serious questions
27:04.4
about sustainability,
27:06.7
ng Maharlika Fund,
27:08.3
whether the Maharlika Fund
27:09.1
is even necessary.
27:10.4
Given the circumstances,
27:14.1
pabaksak yung FDI
27:16.5
pabaksak din yung profits
27:23.1
numbers were already down
27:24.6
when they were reported
27:25.6
earlier this year.
27:26.6
September pa lang
27:27.3
we were seeing reports
27:30.5
may latest report na lumabas
27:35.2
something is not right here,
27:37.1
Something is not right here.
27:38.6
hindi naman run out of spin,
27:43.8
you can kind of say that
27:44.8
maybe we just made
27:45.8
a lot of profits last year,
27:47.5
things look so good
27:48.5
because nung natalo si Digong,
27:50.2
biglang nagdagsahan ng profits
27:53.0
when we took advantage
27:54.1
of foreign exchange
27:57.4
So, dahil sobrang successful tayo
27:59.4
compared to last year,
28:00.5
bumabatay this year.
28:01.5
But nevertheless,
28:03.9
it doesn't look good,
28:06.5
you're asking the
28:07.5
Banko Sentral ng Pilipinas,
28:08.6
along with Land Bank
28:10.3
of the Philippines,
28:12.0
government-backed
28:13.3
lending institutions
28:15.7
the Maharlika Sovereign Wealth Fund
28:16.9
which has been almost
28:17.8
universally questioned
28:19.1
on different levels
28:21.7
by independent experts
28:23.5
and by independent economists.
28:27.8
just to talk about itong latest.
28:29.5
So, by September pa lang
28:30.6
we saw the report na
28:33.5
The latest report na loobas
28:34.8
just the other day is
28:38.0
in the first 8 months
28:41.1
an niyari, di ba?
28:43.2
What's going on here?
28:44.7
We have to assess
28:46.1
what's going on here,
28:49.0
Ay, hindi pala ito.
28:50.4
Yung isa pala yan.
29:00.4
So, 71% naman yung latest
29:02.4
na nakikita natin,
29:04.5
So, let's go to the report
29:05.4
and try to make sense
29:06.9
What on earth is going,
29:08.8
What on earth is going,
29:10.5
This is crazy, mga kamets.
29:16.1
golden era na tayo,
29:18.2
Pag-usapan natin yan.
29:24.7
Banko Sentral ng Pilipinas
29:28.4
to only 22.9 billion pesos
29:31.5
from January to August
29:33.4
kumpara sa last year
29:34.8
when we had an earning
29:38.0
of 78.82 billion.
29:41.4
And one big reason is
29:42.8
tumaas yung mga gastos
29:44.4
ng Banko Sentral ng Pilipinas
29:46.6
as expenses soared.
29:49.5
This is a term used
29:50.3
by the Philippine Star.
29:52.6
ang nakikita natin
29:53.4
sa mga preliminary data,
29:54.8
yung total revenue po
29:55.8
ng Banko Sentral ng Pilipinas
29:58.9
dun sa foreign investments,
30:02.1
on foreign investments.
30:03.1
So, kung may foreign investments,
30:04.1
may interest income on that.
30:05.5
Government securities
30:06.4
and treasury bonds,
30:08.0
ito ay actually umakyad
30:10.8
to 117.13 billion
30:13.1
from 114.72 billion
30:16.7
So, interesting liya.
30:18.9
actually tumaas yung revenue
30:20.1
of the Central Bank
30:21.6
kung titignan mo yung
30:23.4
on foreign investments
30:24.3
and security and treasury bonds.
30:26.8
During the 8-month period,
30:28.2
yung BSB's interest earnings
30:33.0
from 103.57 billion.
30:45.6
tumaas yung revenue sila
30:47.2
baksak yung profits.
30:48.2
So, something is,
30:50.4
what's going on here?
30:53.8
But, ito mga kameta,
30:56.1
baksak itong profits
30:58.9
miscellaneous activities
31:00.3
such as trading gains
31:02.9
penalties and other
31:03.7
operating income,
31:05.5
yung mga iba-ibang fees,
31:08.9
of 10.4 billion pesos,
31:11.2
a reversal of last year's gains
31:13.1
amounting to 11.15.
31:15.0
So, that's a 21.11 billion
31:22.6
So, this year, net loss,
31:24.3
last year, may positive gain pa ng 11.
31:26.3
So, you go from 11.15
31:28.4
to negative 10.4,
31:30.4
medyo 21 billion na yan.
31:33.8
ito ang mga interesting mga kameta.
31:37.0
Ito na mga pabalik.
31:37.9
Saborito natin mga kameta.
31:40.0
Hindi naman confidential fund ito, okay?
31:43.2
Hindi ito confidential fund, okay?
31:45.8
Ibang usapan ito.
31:46.6
Pero, I'm just saying,
31:47.8
it's worth mentioning,
31:49.4
the total expenses
31:53.3
Banko Central ng Pilipinas,
31:55.2
umakyat by 75.9%,
32:02.9
I-screenshot natin yan mga kameta, ha?
32:05.3
Talagang para makita nyo,
32:07.4
Bahala kayong maska,
32:08.4
huwag na akong atake.
32:09.4
I'm just explaining to you
32:11.4
what's happening here.
32:12.4
O, ito, ito, ito.
32:13.4
Pakita ko na sa'yo.
32:14.4
Kaya na magbasa, okay?
32:15.4
Kung wala kayong tiwala sa'kin.
32:17.4
Ibang klase talaga.
32:19.4
Ano ba nangyari dyan?
32:21.4
Laki naman ang gastos natin.
32:28.4
Tingnan nyo naman mga kameta, ha?
32:31.9
Eh, kaya pala eh.
32:36.4
Bahala kayo dyan.
32:37.4
Ilaglagay ko yung link dyan, mga.
32:39.4
Kaya na magmekos-mekos dyan.
32:44.4
Ulitin natin mga kameta.
32:47.4
So, tumaas yung revenue, total revenue.
32:50.4
Tumaas din yung interest earnings.
32:55.4
Pero ang taas din nung expenses.
32:58.4
Expenses rose by 76% almost.
33:06.4
from 78.37 billion last year.
33:13.4
This is almost 50 billion increase, no?
33:17.4
Interest expenses reached 109.67 billion.
33:20.4
2.5 times last year's 44.47 billion.
33:25.4
The BSP reported a 2.7% rise in gains from foreign exchange fluctuation this period.
33:30.4
So, you can see there's many gains on many fronts.
33:32.4
But for some reason, the expenses part is sobrang-sobrang laki.
33:35.4
So, we want to hear some explanation dun sa mga kameta, mga kaibigan natin dyan.
33:40.4
How do you explain these huge, huge, huge, huge expenses?
33:44.4
Well, one way of looking at it is...
33:48.4
Punta naman tayo dun sa, ano, dun sa...
33:51.4
Imekos natin yan.
33:52.4
Dun sa interesting part.
33:53.4
So, under Republic Act 11954,
33:56.4
an act establishing the Maharlika Investment Fund.
33:59.4
Mahal ko kayo. Mahal ko kayo.
34:02.4
Signed by the President in July...
34:04.4
The BSP is mandated to contribute 100% of its total declared dividends
34:11.4
as computed under RA 7653 or the New Central Bank Act in the first two years of the fund.
34:19.4
So, maybe there's one way to understand bakit ang taas bigla ng expenses.
34:22.4
Because, kailangan i-fund yung Maharlika Investment Fund.
34:27.4
Mahal ko kayo. Mahal ko kayo.
34:30.4
Dito sa ilalim, New Central Bank Act.
34:33.4
So, this is under a 7653.
34:35.4
Sorry, you can check it on your own.
34:37.4
In the succeeding years after the first two years of 100% dividend payout to the National Government,
34:41.4
the BSP will remit 50% of its declared dividends to the IMF while the remaining...
34:47.4
I'm sorry, MIF, not IMF.
34:49.4
International Monetary Fund.
34:50.4
Maharlika Investment Fund.
34:51.4
And the remaining 50% will go to the National Coffin until the increase in the BSP capitalisation to 100 billion from 50 billion has been fully paid.
34:58.4
So, there will be slight adjustments and rebalancing that is supposed to happen.
35:01.4
And rebalancing that is supposed to happen.
35:04.2
But one, the pressure is really large
35:05.9
in the Banko Sentral ng Pilipinas.
35:07.5
So BSP Governor Eli Remolonia Jr.
35:11.7
the Central Bank is set to remit
35:13.0
about 62 billion pesos
35:15.4
to the National Government
35:16.7
in the next two years
35:17.5
to bankroll the Maharlika Investment Fund.
35:20.3
So, ang laki ng pressure.
35:22.3
Ang laki ng pressure dito sa BSP natin
35:24.4
kasi yung dividends nila
35:25.5
kailangan i-transfer sa MIF
35:28.9
at least in the first two years or so
35:30.7
as the MIF gains its footing.
35:37.0
nag-sign siya ng morandom order
35:39.2
for the release of 31 billion pesos
35:41.9
worth of dividends to the government
35:43.2
to be used as MIF capital
35:45.2
and set to remit the same amount next year.
35:47.0
So, nakabigay na already ng 31 billion.
35:51.1
So far, the Government Financial Institution
35:52.5
by the Land Bank of the Philippines
35:54.0
contributed 50 billion
35:55.2
while the Development Bank of the Philippines
35:58.1
So, 50 from Land Bank of the Philippines,
36:00.7
5 from Development Bank of the Philippines
36:02.8
and 31 billion naman
36:04.3
galing sa Banko Sentral ng Pilipinas.
36:06.9
So, that's more than 100 million,
36:09.4
more or less 101 billion pesos,
36:11.8
sorry, billion pesos
36:13.0
na mapunta dito sa Maharlika Investment Fund.
36:17.2
base dun sa mga ibang vlogs and discussion natin,
36:19.4
people are wondering about, for instance,
36:21.0
the liquidity and sustainability
36:22.7
of the current institutional practices
36:25.8
dun sa Land Bank of the Philippines
36:27.3
and Development Bank of the Philippines
36:29.0
which, by the way,
36:29.7
are supposed to be there.
36:30.7
And help yung mga ating mga magsasakahat
36:32.4
agricultural sector.
36:33.7
So, you're taking away money from them.
36:35.8
But now, we're also seeing potentially pressures
36:37.9
on the Banko Sentral ng Pilipinas.
36:39.5
I'm more than happy to be corrected on this point
36:41.2
but from what I understand here,
36:42.8
BSP is under a lot of pressure
36:44.2
and they have to transfer
36:45.6
more than 60 billion pesos
36:48.7
which is more than 1 billion dollar
36:50.8
over a 24-month period
36:52.9
dun sa Maharlika Investment Fund
36:54.5
and let's hope na lang that things will equalize
36:56.7
and stabilize down the road.
36:58.1
Now, what I'm more interested in
36:59.4
and I look forward to properly,
37:00.5
or analysis on this by experts,
37:02.1
on central bank experts and all,
37:03.6
is what are going to be the broader implications
37:05.5
also in terms of macroeconomic stability
37:07.7
at saka yung ability ng Central Bank of the Philippines
37:10.3
to cope with different kinds of pressure points
37:13.3
na ngayon nakikita natin.
37:20.2
May nakaka-tie dito sa mga trolls natin dito.
37:24.0
kita niyo mga kamets, no?
37:26.4
Bantayan natin ito.
37:28.4
Let's scrutinize this.
37:30.2
Let's get updated on this.
37:31.9
So, I'm doing my own little part
37:33.1
of just keeping you guys
37:34.2
medyo updated dun sa mga
37:36.4
mga latest na mga mekos-mekos
37:38.6
na nangyari sa ating politika.
37:40.6
On that note, thank you very much mga kamenta.
37:42.4
Please stay tuned.
37:46.4
I know medyo late pero
37:47.1
kasi yung kasama natin isa
37:48.4
galing pa sa San Francisco,
37:50.9
University of California,
37:52.1
So, 8am pa lang sa kanya yan.
37:53.9
So, hintayin natin gumising
37:54.9
yung isang kasama natin
37:55.8
para magawa natin yung favorito natin.
37:57.7
Isa sa mga favorito natin,
37:59.1
in Menage a Trois,
38:02.4
Ricardo, Ronaldo,
38:05.8
And of course, we hope to have again
38:11.4
nagtitravel-travel naman yung ating kaibigan
38:13.3
na si Christian Esguerra.
38:15.4
And hopefully, once he's back,
38:16.3
we can also arrange something with him.
38:18.5
I hope everyone is having a good time,
38:20.9
and I hope you appreciate itong mga
38:22.2
two cents simple explanation natin
38:24.5
para naman makita natin
38:25.5
ang nangyari sa ating bansa.
38:26.5
So, on that note,
38:27.1
thank you very much.
38:29.1
talk to you soon.
38:31.8
mga NPRs from now.
