00:18.1
too. So how does that make sense?
00:21.5
daming tao ay hindi natutuwa sa
00:24.0
management ng isang issue na napakamahalaga
00:26.3
sa karamihan ng tao,
00:27.8
then bakit ang taas na approval ratings
00:29.7
ng President at Vice President mo? Kaya nga sabi ko,
00:31.7
you don't take approval ratings, surveys
00:33.9
on face value, right?
00:35.8
You can accept that the survey is legit,
00:38.0
the methodology is correct, but you still have to
00:39.6
interrogate it qualitatively.
00:41.9
Diba? So kaya nga sabi ko,
00:43.7
dapat actually mas mahalaga na titignan mo
00:50.0
case-to-case basis when it comes to key
00:51.7
policies. That's where makikita mo kung ano
00:53.7
talagang sentimento ng tao. But again,
00:55.9
we can have a long conversation about this.
00:58.0
I'm just saying, sometimes kung na-
00:59.6
interrogate mo talagang yung survey,
01:01.0
something don't make sense. So I remember
01:03.4
during Digong's time, more than
01:05.4
7 out of 10 Filipinos said they approve the drug war,
01:08.0
but more than 8 out of 10 Filipinos
01:09.4
said they're worried about EJK.
01:13.6
So how do you reconcile that?
01:15.6
Parang ridiculous yung situation.
01:18.7
eto yung situation natin.
01:21.7
More than 70% identify
01:23.4
inflation as the most important issue
01:25.6
in the country in terms of urgency.
01:28.5
More than 70% are saying,
01:29.6
hindi sila natutuwa dun sa management
01:31.0
ng inflation. And then more than 70%
01:33.1
or around 70% approve
01:34.9
yung performance ng president at vice president mo.
01:38.4
So that has to be interrogated.
01:40.4
So you cannot just take them
01:41.7
on face value. In the same way na
01:43.3
panonindigong, more than 70%
01:45.5
approve the drug war, but more than 80%
01:47.4
are opposing EJK or were concerned about EJK
01:49.6
or were fearful of what it meant.
01:51.1
So ano yung sabihin niyan? So in that case, ang explanation ko was
01:53.8
they agree with the drug war in principle
01:55.6
but they want a better method.
01:57.3
Na hindi kasing bara-bara. Siguro they want a drug war
01:59.4
minus all these EJKs. So you have
02:01.5
to interrogate that. You cannot just take it on face value
02:03.9
and say, eto yung approval rating, therefore
02:05.4
napakagaling yung presidente. And I always
02:09.7
Most of the time, the good
02:11.5
competent presidents are actually the ones that are not
02:13.6
popular. Because doing the right thing is
02:15.4
usually the unpopular thing. Because doing
02:17.5
the right thing means sacrifice, meaning
02:19.6
maraming kang babanggayin,
02:23.5
gagawin ka na masakit in the short run,
02:25.9
but they're good for the country
02:27.4
and the people in the long run. It's like
02:29.4
ayat. So una, hindi ka natutuwa.
02:31.7
But in the long run, it's good for you.
02:34.9
popularity numbers
02:37.8
actually do not mean much.
02:39.5
What you have to look at is competence in terms of
02:41.5
managing your top and most important issues.
02:43.7
That's a more reasonable
02:45.6
way of approaching these kinds of
02:50.4
So if you look at it,
02:53.3
70% of Filipinos disapprove
02:55.3
Yung Marcos administration performance on inflation,
02:57.3
which I said is a concern of
02:59.3
70% of people, right?
03:01.1
So actually, net approval rating on
03:03.2
controlling inflation is negative 64%.
03:11.5
of inflation issue.
03:17.3
And so on and so forth. I mean, on other issues,
03:19.2
they're also not doing very well.
03:21.1
Now, having said that,
03:23.3
kamusta naman yung kalagyan ng ating
03:25.2
ekonomiya? Now, if you look at 2024,
03:28.0
it's really a mixed
03:29.2
bag, no? And because it's a mixed
03:34.2
hindi naman spinning, but
03:36.9
potential ang maging laro dito is
03:38.9
you know, packaging
03:41.3
and presentation. So I'll give you an example.
03:43.5
So this is a very interesting case.
03:45.3
So, nagsicheck lang ako
03:47.2
about foreign direct investments. Of course, yung mga
03:49.0
ibang kameta natin, familiar kayo dito,
03:51.3
marami tayong mga vlogs about industrial
03:53.1
policy, trade policy, nakausap natin yung mga
03:55.1
kaibigan natin, mga ekonomista,
03:56.9
historiador, mga experts. I talked about,
03:59.0
my take on industrial and trade policies, etc.
04:01.5
So we had a lot of economics-related
04:03.3
vlogs dito in the past.
04:05.3
In fact, one of our best podcasts,
04:07.2
actually, three out of our top 20
04:09.1
podcasts had to do with industrial policy,
04:11.0
trade policy, etc. And the
04:13.0
responses were very good. A number
04:15.0
of ambassadors, etc., nakinig sila.
04:17.1
So, thank you so much for
04:18.5
the support, mga kameta. Now, going
04:21.0
back to this, you know, these are the things that I find very interesting
04:23.1
in the Philippines. So I was just looking about,
04:25.7
okay, anong kalagayan ng foreign direct
04:27.1
investment? Kasi yung ating minamahal ng pangulong,
04:29.0
ang dami niyang travels. By the way,
04:30.9
mag-travel ulit siya next week, pumunta naman Vietnam,
04:33.0
diba? So, kamusta naman?
04:35.2
Ito na, almost two years na siya
04:39.1
Lampas na sa isang taon since yung mga
04:40.9
first major travels niya, diba? September
04:45.6
Nag-New York na siya,
04:47.4
and then nag-Europe na siya nung
04:48.9
October, nag-Brussels, gano'n. So,
04:50.8
kamusta naman ang foreign direct investment? So,
04:53.4
I was just curious.
04:55.4
And then I went and said, okay, let's
04:57.1
check. Kamusta ang latest FDI?
04:59.0
And this is the interesting thing that we see.
05:06.9
or maybe not. Medyo deceptive, eh.
05:08.9
Tignan mo. So, if you look
05:11.1
at the title of this
05:13.1
news report, it says,
05:16.0
Philippines surpasses
05:17.2
Malaysia, Thailand
05:18.2
in net foreign direct investment.
05:21.1
Wow! Impressive! Tinalo
05:23.1
natin Thailand. Ang Thailand
05:25.2
po, ang Detroit of Southeast
05:26.8
of Asia. Karamihan,
05:29.0
ng mga ginagamit natin, mga kotse,
05:31.3
lalo yung mga Toyota,
05:33.4
ay ginagawa, hindi sa Japan,
05:35.5
hindi sa China, ginagawa dyan sa Thailand.
05:37.2
So, Thailand produces more than
05:40.1
cars a year. Close to 2 million,
05:43.0
I think, some point. Now, humaabo lang
05:44.8
Indonesia and Vietnam. Of course, Vietnam may selling
05:46.9
brand sila. And in Malaysia naman,
05:48.8
Malaysia is known as the Silicon Valley of Asia.
05:51.2
Not only it's a relatively wealthy
05:53.0
country, they're almost a high-income country. So,
05:55.3
in 2 to 3 years, Malaysia will be classified
05:57.1
as a high-income country. Finally, ma-achieve niya
05:59.0
lang, dapat na-achieve nila na matagal.
06:03.1
you know, Malaysia has the
06:04.8
proton cars, their own industrial base, etc.
06:06.8
So, aminin natin,
06:08.4
medyo malayo sila sa atin.
06:10.8
Pagdating sa some of the fundamentals
06:12.9
of economics, no? Industrial
06:15.1
manufacturing capacity, per capita
06:16.9
income. I think Thailand's per capita income
06:18.9
is around 7 to 8 thousand,
06:20.9
8 thousand dollars. Philippines is just around
06:22.7
4 thousand dollars. So, twice na mas mayaman
06:25.1
ng isang average Thai compared to
06:27.1
an average Filipino. So, we're roughly,
06:29.0
10 years behind them in terms of per capita
06:31.3
income. And then, Malaysia is, I think,
06:33.2
almost 11 thousand dollars.
06:35.3
So, almost 3 times more yung per capita
06:37.3
income nila. And we're not even looking
06:39.1
at the quality of their economic growth. We're not
06:41.1
even looking at income inequality. Now, of course,
06:43.5
developing country din silang pareho. Wala
06:45.1
sa kanya ng dalawa yung OECD. But still,
06:47.4
malayang malayo sila sa atin
06:48.6
on many fronts. So, impressive.
06:51.0
Titignan mo itong title na ito. Sinisabi,
06:53.4
Philippines surpasses Malaysia and Thailand
06:55.3
in net foreign direct investments.
06:57.0
And then, like, okay, basahin natin.
07:02.8
Ito talaga. Yan ang sinisabi
07:05.0
kong problema natin, mga kameta
07:07.1
talaga. Ay, ay, ay, ay.
07:10.9
Okay, papakita ko lang dito sa mga kaibigan natin
07:13.0
dito sa kabila na hindi nila nakita. Don't worry, guys.
07:14.8
I-upload ko rin ito separately para makita nila
07:16.8
with the PowerPoint, etc.
07:22.5
Mga lowbat na ito.
07:29.0
Ito yung ibang version niya.
07:35.1
Ito, ito. Okay. So, this is the other version.
07:37.7
Ito yung billionaire version ko.
07:39.1
Kita nyo. O, tingnan. Nakalagay dito.
07:41.8
You know, Philippines surpasses
07:43.1
Malaysia, Thailand, net foreign. And then, nung binasa mo,
07:47.7
nakalampas, I mean,
07:50.3
nilampasan natin,
07:51.4
nilampasan natin sa net foreign
07:53.7
investment ang Malaysia and Thailand
07:55.2
in the first three quarters 2023.
07:56.9
Ayon sa Department of Trade and Industry Undersecretary,
08:01.0
pag tinignan mo yan,
08:02.0
actually, tinalo lang natin sila in terms of
08:05.2
mas marami ang nawalang investment sa kanila
08:11.6
So, parang it's like a,
08:12.6
it's a war in terms of negative.
08:15.5
So, kung negative,
08:18.7
So, Vietnam actually posted a 2% growth
08:24.7
in their net FDI.
08:26.7
Tapos sinabi pa dito, minimal.
08:28.7
Okay, ang abang natin,
08:30.7
miniminimal lang natin yung positive
08:35.4
Pero, purong negative sa ibang bansa.
08:37.8
So, actually, in the case
08:39.1
of the Philippines,
08:47.4
16% ang reduction
08:48.8
ng net FDI inflow.
08:50.6
So, yung pumasok at lumabas,
08:53.4
negative pa ang total.
08:55.5
So, mas maraming lumabas
08:56.9
kaysa pumasok sa FDI.
08:58.5
So, yung pumasok at lumabas, negative pa ang total.
08:58.6
So, yung pumasok at lumabas, negative pa ang total.
08:58.7
So, yung pumasok at lumabas, negative pa ang total.
08:59.1
Last year sa Pilipinas.
09:00.4
Sa first three quarters.
09:02.1
Now, proud na proud tayo
09:03.4
na 16% negative lang to
09:14.1
and 60% in Malaysia.
09:17.1
So, this is interesting.
09:18.0
So, for the first three quarters of 2020,
09:19.6
the Philippines net inflows amounted to
09:21.4
5.8 billion pesos higher than Malaysia's
09:24.1
4.9 in Thailand's 4.4.
09:31.6
The good news is that
09:32.8
That kind of makes us
09:33.8
Number 3 in the region
09:36.7
We're just next after
09:38.6
Singapore as usual
09:39.8
But alam nyo naman sa Singapore
09:41.6
Kung pumapasa sa Singapore
09:42.8
Usually nandidistribute yan
09:44.3
Across the region eh
09:45.6
Given naman number 1
09:47.9
Kasi nagpost pa sila ng positive
09:52.0
Having one eye in a valley
09:55.2
This is my problem
09:57.8
When you look at it
10:01.6
Napaka baba already
10:02.7
Yung FDI stock natin
10:04.1
Yung foreign direct investment stock natin
10:06.0
Kumpara dun sa mga kapitbayo natin
10:12.7
In the greater scheme of things
10:13.9
Dahil yung FDI stock nila
10:15.2
Half a trillion dollars
10:18.8
50-60 billion lang
10:20.2
Yung total FDI stock natin
10:21.4
Kung nawalan tayo ng 10 billion
10:22.8
Ang laki mga wala sa atin
10:25.9
Ang mga wala sa atin
10:27.4
This is what I'm saying
10:29.4
Yan ang tinatawag na
10:30.5
Advantage of disadvantage
10:31.9
Or something like that
10:32.7
Or advantage of laggards
10:35.3
Asian financial crisis
10:38.3
Philippines actually suffered
10:40.3
Reductions in its GDP
10:41.7
Compared dun sa mga kapitbayo natin
10:45.1
But that was because
10:46.2
The Philippines was less integrated
10:47.8
And less developed
10:49.1
Than its counterpart
10:51.5
Madali mo sabihin na
10:52.4
Ang galing naman ang Pilipinas
10:54.2
Yung mga kapitbayo natin
10:55.0
Pero nilampasan natin sila
10:58.0
We were not even there
10:60.0
In the conversation
11:02.2
Medyo kulelat ka nga sa klase
11:05.0
Bumaba yung grado mo
11:06.5
Mas bumaba yung grado nila
11:09.5
Mas mataas pa rin sila sa'yo
11:11.5
So kung ikaw ay medyo laggard
11:13.4
You cannot afford
11:15.5
To get into a race of
11:17.6
Into a race to the bottom race
11:19.6
You have to be in a positive territory
11:21.2
At the very least
11:22.2
You have to be like Vietnam
11:23.2
Because Vietnam is catching up
11:24.5
Alam nyo naman Vietnam
11:25.5
Napakahirap na bansa
11:30.6
Medyo humahabol na sila
11:32.6
Vietnam which has almost
11:33.7
Exactly the same level
11:34.8
Of per capita income
11:36.0
And slightly higher than Philippines
11:42.2
They're getting there
11:42.8
In that right direction
11:46.0
My worry sometimes is
11:47.9
Ang mangyari na lang sa atin
11:49.4
Is magsispin-spin na lang tayo
11:50.9
Eh okay lang naman
11:52.1
Nawala naman tayong FDI
11:55.9
Yung kapitbayan natin
11:57.2
Pero yung mga kapitbayan natin
11:59.0
Three times more developed
12:00.2
At least in terms of
12:00.9
Per capita income
12:04.3
To have this race
12:05.9
To the bottom game situation
12:08.1
The slightly better news is
12:10.7
The Philippines is
12:24.3
We have been used to
12:34.8
Better than last year
12:40.9
We should be growing
12:46.3
Medyo yung trendline
12:47.2
Sa economy natin is
12:49.1
Inflation is coming down
12:50.6
Pero growth is also
12:52.9
Not close to where
12:57.9
Ng per capita income natin
12:59.0
So maraming nagsabi na
12:59.9
Ang Pilipinas ang mayaman
13:01.1
Ang problema lang
13:03.7
Even if na-distribute mo
13:05.2
Completely equally
13:06.1
Yung economic wealth
13:08.2
Still we're considered
13:10.4
Because yung value
13:14.1
Kumpara sa ibang bansa
13:21.7
Ng mga raw materials
13:23.9
Yung kabilang bansa
13:25.3
Ang export lang nilang
13:26.1
Maliit na cellphone
13:26.8
Magkasing level lang
13:28.3
Yung kanilang halaga
13:29.7
So we still have to
13:31.3
Really significantly
13:31.9
Develop our economy
13:32.7
And my worry is that
13:33.9
Hanggang mga spin-spin
13:35.1
Nalang gagawin natin
13:36.0
I think it's very important
13:37.6
When we compare ourselves
13:39.0
We have to compare ourselves
13:41.1
To poorer ASEAN countries
13:42.4
That are growing very fast
13:44.1
So I think really
13:44.9
Vietnam and Indonesia
13:45.8
Are a better comparison for us
13:48.0
On almost every front
13:50.5
Than the Philippines
13:51.1
So the challenge here
13:52.6
For President Marcos Jr.
13:55.2
Bahala na yung mga likafon
13:56.7
Ang mangyari dyan
13:57.9
But I think the challenge here is
13:59.2
To come up really with
14:00.6
Isang totoong strategy
14:02.9
Makonvince talaga
14:03.8
Itong mga foreign investors
14:05.3
Na mapunta talaga
14:06.8
And to take a bet
14:09.7
Corruption is important
14:10.8
We have to deal with it
14:12.0
Infrastructure development
14:14.1
Regulatory efficiency
14:15.7
And all of those things
14:16.5
Red tape reduction
14:19.0
Also it's important
14:20.7
Ang mga investors
14:21.5
Sa kakayaan ng ating
14:25.1
Long term planning
14:26.4
All of those things
14:29.2
Tinitignan natin ngayon
14:31.4
Thank you very much
14:38.2
I think I pressed
14:39.3
The wrong button dito sa
14:47.2
Kasi biglang nawala eh
14:48.8
I hope ma-appreciate
14:50.1
Sorry ang daldal natin
14:51.0
Ang dami natin sinabi
14:52.8
Everything I discussed here
14:54.4
Dun sa trade policy
14:56.4
Youtube nyo lang yan
14:57.3
Mayroon na tayong mga analysis yan
14:58.9
And you can google
14:59.6
Just things on your own
15:01.1
But we'll have more discussions on that
15:05.1
And it's gonna be a spin
15:07.4
In a certain sense
15:08.2
Opposition will say their own thing
15:09.5
The other side will say their own thing
15:11.9
For me the most fundamental issue
15:13.3
Is this weird situation
15:15.5
Mahalaga yung inflation
15:18.8
Hindi sila natutuwas
15:19.6
Sa ginagawa ng gobyerno
15:20.6
And then 70% are okay
15:21.7
Dun sa approval nila
15:24.1
Ano ba nangyari dito
15:26.1
Ridiculous na rin yung mga
15:27.3
Yung mga nakikita natin
15:29.2
Not the survey method
15:32.0
Yung kalagayan ng ating
15:36.8
To be honest about it
15:38.1
Okay on that note
15:38.8
Thank you very much mga kameta
15:40.1
Ka-TikTokers natin
15:43.9
I appreciate this
15:47.0
Medyo late na yung ating intervention
15:48.6
I'll try to come a little bit earlier
15:50.6
In succeeding days
15:52.8
I just appreciate na na
15:56.5
So inahabol natin
15:59.8
Thank you very much
16:01.0
And talk to you soon
16:02.4
And maraming salamat also
16:03.4
Sobrang salamat dun sa mga
16:10.0
Dun sa ating mga outreach program
16:11.8
Sa Mindanao Modders
16:13.2
I-inform ko po kayo
16:14.3
Kung meron tayong mga iba
16:15.3
And mag-ipopost ko rin yung pictures
16:17.3
Pinadala po natin
16:18.6
Ng mga outreach program
16:22.4
And then of course
16:23.0
Kung may recommendations
16:25.8
Digital na pwede natin
16:30.9
Pwede ko na hiramin
16:31.9
Also magbigay ka ng
16:34.8
I appreciate that
16:37.6
Yung mga ibang vlogs natin
16:39.3
We do it as it is
16:40.3
But we wanna upgrade it
16:41.8
Thank you very much
16:42.9
And talk to you soon
