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Uli na natin, okay.

Ito yung weird.

Around 70% ay hindi natutuwa

sa government management of inflation.

Around 70%

ay saying na ito yung pinaka-urgent na issue

itong inflation management. Pero yung approval

rating ni President BBM at saka

ni Vice President Saavedo Tertia ay around 70%

too. So how does that make sense?

Right? Kung

daming tao ay hindi natutuwa sa

management ng isang issue na napakamahalaga

sa karamihan ng tao,

then bakit ang taas na approval ratings

ng President at Vice President mo? Kaya nga sabi ko,

you don't take approval ratings, surveys

on face value, right?

You can accept that the survey is legit,

the methodology is correct, but you still have to

interrogate it qualitatively.

Diba? So kaya nga sabi ko,

dapat actually mas mahalaga na titignan mo

yung approval

ng tao on a

case-to-case basis when it comes to key

policies. That's where makikita mo kung ano

talagang sentimento ng tao. But again,

we can have a long conversation about this.

I'm just saying, sometimes kung na-

interrogate mo talagang yung survey,

something don't make sense. So I remember

during Digong's time, more than

7 out of 10 Filipinos said they approve the drug war,

but more than 8 out of 10 Filipinos

said they're worried about EJK.

They oppose EJK.

So how do you reconcile that?

Parang ridiculous yung situation.

So ulitin natin,

eto yung situation natin.

More than 70% identify

inflation as the most important issue

in the country in terms of urgency.

More than 70% are saying,

hindi sila natutuwa dun sa management

ng inflation. And then more than 70%

or around 70% approve

yung performance ng president at vice president mo.

So that has to be interrogated.

So you cannot just take them

on face value. In the same way na

panonindigong, more than 70%

approve the drug war, but more than 80%

are opposing EJK or were concerned about EJK

or were fearful of what it meant.

So ano yung sabihin niyan? So in that case, ang explanation ko was

they agree with the drug war in principle

but they want a better method.

Na hindi kasing bara-bara. Siguro they want a drug war

minus all these EJKs. So you have

to interrogate that. You cannot just take it on face value

and say, eto yung approval rating, therefore

napakagaling yung presidente. And I always

say this, no?

Most of the time, the good

competent presidents are actually the ones that are not

popular. Because doing the right thing is

usually the unpopular thing. Because doing

the right thing means sacrifice, meaning

maraming kang babanggayin,

meaning may mga

gagawin ka na masakit in the short run,

but they're good for the country

and the people in the long run. It's like

ayat. So una, hindi ka natutuwa.

But in the long run, it's good for you.

So

popularity numbers

actually do not mean much.

What you have to look at is competence in terms of

managing your top and most important issues.

That's a more reasonable

way of approaching these kinds of

surveys.

So if you look at it,

again, so

70% of Filipinos disapprove

Yung Marcos administration performance on inflation,

which I said is a concern of

70% of people, right?

So actually, net approval rating on

controlling inflation is negative 64%.

Negative 64%.

Yung approval

of handling

of inflation issue.

And so on and so forth. I mean, on other issues,

they're also not doing very well.

Now, having said that,

kamusta naman yung kalagyan ng ating

ekonomiya? Now, if you look at 2024,

it's really a mixed

bag, no? And because it's a mixed

bag, ang maging

laro dito is

hindi naman spinning, but

potential ang maging laro dito is

you know, packaging

and presentation. So I'll give you an example.

So this is a very interesting case.

So, nagsicheck lang ako

about foreign direct investments. Of course, yung mga

ibang kameta natin, familiar kayo dito,

marami tayong mga vlogs about industrial

policy, trade policy, nakausap natin yung mga

kaibigan natin, mga ekonomista,

historiador, mga experts. I talked about,

my take on industrial and trade policies, etc.

So we had a lot of economics-related

vlogs dito in the past.

In fact, one of our best podcasts,

actually, three out of our top 20

podcasts had to do with industrial policy,

trade policy, etc. And the

responses were very good. A number

of ambassadors, etc., nakinig sila.

So, thank you so much for

the support, mga kameta. Now, going

back to this, you know, these are the things that I find very interesting

in the Philippines. So I was just looking about,

okay, anong kalagayan ng foreign direct

investment? Kasi yung ating minamahal ng pangulong,

ang dami niyang travels. By the way,

mag-travel ulit siya next week, pumunta naman Vietnam,

diba? So, kamusta naman?

Ito na, almost two years na siya

in power, diba?

Lampas na sa isang taon since yung mga

first major travels niya, diba? September

pa lang ng 2022.

Nag-New York na siya,

and then nag-Europe na siya nung

October, nag-Brussels, gano'n. So,

kamusta naman ang foreign direct investment? So,

I was just curious.

And then I went and said, okay, let's

check. Kamusta ang latest FDI?

And this is the interesting thing that we see.

So,

look at how,

let's be nice,

or maybe not. Medyo deceptive, eh.

Tignan mo. So, if you look

at the title of this

news report, it says,

Philippines surpasses

Malaysia, Thailand

in net foreign direct investment.

Wow! Impressive! Tinalo

natin Thailand. Ang Thailand

po, ang Detroit of Southeast

of Asia. Karamihan,

ng mga ginagamit natin, mga kotse,

lalo yung mga Toyota,

ay ginagawa, hindi sa Japan,

hindi sa China, ginagawa dyan sa Thailand.

So, Thailand produces more than

1 million

cars a year. Close to 2 million,

I think, some point. Now, humaabo lang

Indonesia and Vietnam. Of course, Vietnam may selling

brand sila. And in Malaysia naman,

Malaysia is known as the Silicon Valley of Asia.

Not only it's a relatively wealthy

country, they're almost a high-income country. So,

in 2 to 3 years, Malaysia will be classified

as a high-income country. Finally, ma-achieve niya

lang, dapat na-achieve nila na matagal.

And,

you know, Malaysia has the

proton cars, their own industrial base, etc.

So, aminin natin,

medyo malayo sila sa atin.

Pagdating sa some of the fundamentals

of economics, no? Industrial

manufacturing capacity, per capita

income. I think Thailand's per capita income

is around 7 to 8 thousand,

8 thousand dollars. Philippines is just around

4 thousand dollars. So, twice na mas mayaman

ng isang average Thai compared to

an average Filipino. So, we're roughly,

10 years behind them in terms of per capita

income. And then, Malaysia is, I think,

almost 11 thousand dollars.

So, almost 3 times more yung per capita

income nila. And we're not even looking

at the quality of their economic growth. We're not

even looking at income inequality. Now, of course,

developing country din silang pareho. Wala

sa kanya ng dalawa yung OECD. But still,

malayang malayo sila sa atin

on many fronts. So, impressive.

Titignan mo itong title na ito. Sinisabi,

Philippines surpasses Malaysia and Thailand

in net foreign direct investments.

And then, like, okay, basahin natin.

Anong meron?

So, ito.

Ito talaga. Yan ang sinisabi

kong problema natin, mga kameta

talaga. Ay, ay, ay, ay.

Okay, papakita ko lang dito sa mga kaibigan natin

dito sa kabila na hindi nila nakita. Don't worry, guys.

I-upload ko rin ito separately para makita nila

with the PowerPoint, etc.

Mga lowbat na ito.

Ito.

Ito.

Ito yung ibang version niya.

Patience lang.

Ito, ito. Okay. So, this is the other version.

Ito yung billionaire version ko.

Kita nyo. O, tingnan. Nakalagay dito.

You know, Philippines surpasses

Malaysia, Thailand, net foreign. And then, nung binasa mo,

so, Philippines,

nakalampas, I mean,

nilampasan natin,

nilampasan natin sa net foreign

investment ang Malaysia and Thailand

in the first three quarters 2023.

Ayon sa Department of Trade and Industry Undersecretary,

okay, whatever.

And then,

pag tinignan mo yan,

actually, tinalo lang natin sila in terms of

mas marami ang nawalang investment sa kanila

kaysa sa atin.

So, parang it's like a,

it's a war in terms of negative.

So, kung negative,

isa ito ah.

So, Vietnam actually posted a 2% growth

in their net FDI.

Tapos sinabi pa dito, minimal.

Okay, ang abang natin,

miniminimal lang natin yung positive

2.2% ng Vietnam.

Pero, purong negative sa ibang bansa.

So, actually, in the case

of the Philippines,

15.9,

16%

ang bumaba.

16% ang reduction

ng net FDI inflow.

So, yung pumasok at lumabas,

negative pa ang total.

So, mas maraming lumabas

kaysa pumasok sa FDI.

So, yung pumasok at lumabas, negative pa ang total.

So, yung pumasok at lumabas, negative pa ang total.

So, yung pumasok at lumabas, negative pa ang total.

Last year sa Pilipinas.

Sa first three quarters.

Now, proud na proud tayo

na 16% negative lang to

dahil it's 18%

in Indonesia,

50% in Thailand,

and 60% in Malaysia.

Right?

So, this is interesting.

So, for the first three quarters of 2020,

the Philippines net inflows amounted to

5.8 billion pesos higher than Malaysia's

4.9 in Thailand's 4.4.

Okay?

Now

The good news is that

That kind of makes us

Number 3 in the region

Because

We're just next after

Singapore as usual

But alam nyo naman sa Singapore

Actually

Kung pumapasa sa Singapore

Usually nandidistribute yan

Across the region eh

So

Given naman number 1

Ang Singapore

Yung Vietnam

Kasi nagpost pa sila ng positive

Yung Philippines

Number 3 tayo

Pero

Parang it's like

Having one eye in a valley

Of blind people

Parang ganun eh

So

This is my problem

When you look at it

Ang Pilipinas

Napaka baba already

Yung FDI stock natin

Yung foreign direct investment stock natin

Ay napaka lit

Kumpara dun sa mga kapitbayo natin

So kahit sila

Mawalan sila ng

I don't know

10 billion

Last year

Wala yan

In the greater scheme of things

Dahil yung FDI stock nila

Half a trillion dollars

Right

Pero Pilipinas

Sabihin natin

50-60 billion lang

Yung total FDI stock natin

Kung nawalan tayo ng 10 billion

Ang laki mga wala sa atin

15-20%

Ang mga wala sa atin

So

This is what I'm saying

In fact

Yan ang tinatawag na

Advantage of disadvantage

Or something like that

Or advantage of laggards

Or

So

Panahon ng

Asian financial crisis

For instance

Philippines actually suffered

Very low

Reductions in its GDP

Compared dun sa mga kapitbayo natin

Na

I think 20%

In Indonesia

But that was because

The Philippines was less integrated

And less developed

Than its

Than its counterpart

So

Of course

Madali mo sabihin na

Ang galing naman ang Pilipinas

Nilampasan natin

Yung mga kapitbayo natin

Pero nilampasan natin sila

Kasi

Hindi naman tayo

Masyadong

We were not even there

In the conversation

To begin with

Right?

It's like

Medyo kulelat ka nga sa klase

And then

Bumaba yung grado mo

Pero mas

Mas bumaba yung grado nila

Pero overall

Mas mataas pa rin sila sa'yo

Diba?

So kung ikaw ay medyo laggard

Historically

You cannot afford

To

To get into a race of

You know

Into a race to the bottom race

Right?

You have to be in a positive territory

At the very least

You have to be like Vietnam

Because Vietnam is catching up

Alam nyo naman Vietnam

Napakahirap na bansa

Wars

Tricken

Dami lang crisis

Problems

So mga yun

Medyo humahabol na sila

So

Vietnam which has almost

Exactly the same level

Of per capita income

As Indonesia

And slightly higher than Philippines

Just over $4,000

I think $4,300

Well I mean

You know

They're getting there

In that right direction

So

Yun lang sa akin

So my concern

My worry sometimes is

Ang mangyari na lang sa atin

Is magsispin-spin na lang tayo

Eh okay lang naman

Nawala naman tayong FDI

Mas nawalan tayo

Mas nawalan yung

Nang FDI

Yung kapitbayan natin

Yung parang

Pero yung mga kapitbayan natin

Ay two times

Three times more developed

Than us

At least in terms of

Per capita income

Right?

So

We cannot afford

To have this race

To the bottom game situation

With them

Now

The slightly better news is

The Philippines is

Expected to have

A decent growth

Next year

Right?

But

Mukhang malabo

Na

We can sustain

That 6-7% growth

That we are

We have been used to

In the past

Almost decade

No?

Since 2012

Onwards

Right?

So siguro

Ang growth natin

Is 5.8%

For this year

Better than last year

Na 5.4% lang

Pero still

I mean

Philippines

We should be growing

8-10% at least

So

That's my worry

Na

Medyo yung trendline

Sa economy natin is

Okay

Inflation is coming down

Which is great

Pero growth is also

Never

Not close to where

It should be

We should grow

8-10% at least

Dahil

Ang baba pa rin

Ng per capita income natin

So maraming nagsabi na

Ang Pilipinas ang mayaman

Ang problema lang

Distribution

But actually

Philippines

Even if na-distribute mo

Completely equally

Yung economic wealth

Sa bansa natin

Still we're considered

A poor country

Because yung value

Ng ating exports

Ay napakababa

Kumpara sa ibang bansa

You know

Kahit tayo

Isang

You know

Kilo ng

I don't know

Kahit tayo

Sako-sako

Ng mga raw materials

Ng export natin

Yung kabilang bansa

Ang export lang nilang

Maliit na cellphone

Magkasing level lang

Yung kanilang halaga

Diba

So

So we still have to

Really significantly

Develop our economy

And my worry is that

Sometimes

Hanggang mga spin-spin

Nalang gagawin natin

So

I think it's very important

When we compare ourselves

To our neighbors

We have to compare ourselves

To poorer ASEAN countries

That are growing very fast

So I think really

Vietnam and Indonesia

Are a better comparison for us

And both of them

On almost every front

Are doing better

Than the Philippines

So the challenge here

For President Marcos Jr.

Is

I don't know

Bahala na yung mga likafon

Tingnan natin

Ang mangyari dyan

Sa mga likafon

But I think the challenge here is

To come up really with

Isang totoong strategy

Kung saan

Makonvince talaga

Itong mga foreign investors

Na mapunta talaga

Sa bansa natin

And to take a bet

On our country

And that's where

Corruption is important

We have to deal with it

That's where

Infrastructure development

Is important

That's where

Regulatory efficiency

And all of those things

Red tape reduction

Is important

But that's where

Also it's important

Na may tiwala

Ang mga investors

Sa kakayaan ng ating

Mga top leaders

In terms of

Long term planning

Right?

All of those things

Right?

So ito yung mga

Tinitignan natin ngayon

Mga kameta

Alright?

Thank you very much

God bless

And

Talk to you soon

Sorry I think

Oops

I think I pressed

The wrong button dito sa

Wait lang

Ay hindi pala

Andito pala ako

So hindi mo na

Mag goodbye

Sorry akala ko

Nakot na

Kasi biglang nawala eh

Anyway

I hope ma-appreciate

Sorry ang daldal natin

Ang dami natin sinabi

But don't worry

Mga kameta

Everything I discussed here

Dun sa trade policy

Industry policy

Google nyo lang

Youtube nyo lang yan

Mayroon na tayong mga analysis yan

And you can google

Just things on your own

Alright?

But we'll have more discussions on that

So yeah

It's a mixed bag

And it's gonna be a spin

Game

In a certain sense

Opposition will say their own thing

The other side will say their own thing

But

But as I said

For me the most fundamental issue

Is this weird situation

Where by

70% say

Mahalaga yung inflation

Napaka-urgent

70% say

Hindi sila natutuwas

Sa ginagawa ng gobyerno

And then 70% are okay

Dun sa approval nila

Ng gobyerno

Like ano ba

Ano ba nangyari dito

Diba?

So minsan parang

Ridiculous na rin yung mga

Yung mga nakikita natin

Not the survey method

But yung just

Yung

Yung

Yung kalagayan ng ating

Political

Ano

Culture

To be honest about it

Okay on that note

Thank you very much mga kameta

Ka-TikTokers natin

Ka-Youtubers

And kameta natin

Sa Facebook

I appreciate this

Long and late

I know late

Medyo late na yung ating intervention

I'll try to come a little bit earlier

In succeeding days

But I hope

I just appreciate na na

Humahabol tayo

Ganon ko

Ganon ko

Kaya

Kaya

Kaya

Kamahal

So inahabol natin

Kahit medyo

Late na

On that note

Thank you very much

God bless

And talk to you soon

And maraming salamat also

Again

Sobrang salamat dun sa mga

Nagpadala

Ng

Nang

Nang tulong

Dun sa ating mga outreach program

Sa Mindanao Modders

And

I-inform ko po kayo

Kung meron tayong mga iba

And mag-ipopost ko rin yung pictures

Nung mga

Pinadala po natin

Ng mga outreach program

And support etc

And then

Yes

And then of course

Kung may recommendations

Kayo

Sa

Anong mga

Digital na pwede natin

Bilhin for

Like ARX100

I don't know

GoPro

I think GoPro

Pwede ko na hiramin

Yung mga

Also magbigay ka ng

Technical advice

I appreciate that

Kasi gusto natin

Medyo upgrade

Yung mga ibang vlogs natin

Live

We do it as it is

But we wanna upgrade it

On that note

Thank you very much

God bless

And talk to you soon