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00:00.0
Ayusin natin ito mga kamets. Ayusin natin. Set up natin ito mga kamets. Para sa bayan. Para sa bayan ito. Wait lang ha. Ayusin natin ito. Sabaw tayo kagabi ha. Para sa bayan.
00:22.7
Ayusin natin ito.
00:52.7
Ayusin natin ito.
01:26.1
Mukhang hindi naman tayo lang palang napagod
01:28.7
mga kameta. Bati yung ating
01:30.2
minamahal na presidente.
01:32.5
Tired na daw siya. He lost
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.
