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00:00.0
Salamat sa pag-uusapan!
00:30.0
Salamat sa pag-uusapan!
01:00.0
Salamat sa pag-uusapan!
01:30.0
Salamat sa pag-uusapan!
02:00.0
Salamat sa pag-uusapan!
02:30.0
Salamat sa pag-uusapan!
03:00.0
Salamat sa pag-uusapan!
03:30.0
Salamat sa pag-uusapan!
04:00.0
Salamat sa pag-uusapan!
04:30.0
Salamat sa pag-uusapan!
05:00.0
Salamat sa pag-uusapan!
05:30.0
Salamat sa pag-uusapan!
06:00.0
Salamat sa pag-uusapan!
06:01.0
Salamat sa pag-uusapan!
06:30.0
For me talaga, sobrang impressive how far Japan has come
06:36.7
Having said that, of course yung conversations natin dito was
06:40.7
How Japan is being left behind
06:42.4
Actually, pag tinignan mo yung
06:44.8
Yes, Tunisia, Morocco
06:48.1
Actually, I can name a number of other countries
06:50.4
Turkey, I think Turkey would be a very good example
06:52.9
Of a kind of a newly middle class, semi-wealthy society
06:56.4
Kung nakita mo yung kanilang airport
06:57.7
Pero kung new rich talaga
06:59.2
Persian Gulf na yan
07:00.7
Dubai, Qatar, a bit Bahrain
07:04.3
In fact, even some parts of India
07:07.5
Mumbai, makikita mo yan
07:09.7
Anyway, going back to this
07:11.2
Ang discussion kasi dito sa Japan is
07:13.4
Hindi na sila nag-innovate masyado
07:15.5
Now, bilang isang mas matandang millennial
07:17.7
Obviously, naalala ko yung time na yung Japan po
07:20.5
Ay representation ng coolness, innovation and all of that
07:23.7
Pero, aminin natin
07:28.9
Pagdating dito sa Japan
07:30.8
They're being left behind by Korea
07:33.8
In particular, and increasingly also by China
07:37.5
China, in terms of certain technologies
07:41.1
So, last year natalo ng Japan
07:43.2
As the world's biggest exporter of cars
07:46.4
But obviously, a big part of that was because
07:48.5
Ang laki ng export ng China sa Russia, for instance
07:51.5
I think Russia is importing more than
07:55.0
Two-thirds of its entire automobiles
07:59.5
So, that bumped up the total exports of China
08:02.7
But if you look at China's BYD, EV, electronic vehicle car
08:06.4
It's also number one in the world right now
08:08.0
And it beat Tesla
08:09.4
So, the future is very bright for Chinese gigantic companies
08:13.9
And Japan is really feeling the pressure
08:15.9
Pagdating naman sa South Korea
08:17.6
Actually, last year, South Korea
08:19.3
For the very first time
08:20.6
Naging mas mayaman sa Japan
08:22.0
In terms of per capita income
08:25.3
And if you look at South Korea
08:26.5
Naalala ko yung conversation natin
08:28.5
Doon sa isang top leader ng Korean
08:31.3
Parang chamber of industries
08:32.9
Ito yung grupo ng mga chaebol
08:37.8
Lahat ng mga kilala natin mga yan, diba?
08:40.3
Ito yung mga BTS ng Korean industry
08:42.7
And naalala ko, parang
08:45.7
Nonchalant sinabi niya
08:47.7
Ay wala, talo namin yung Japan
08:49.1
Hindi sila makaabol sa amin
08:50.9
Dahil hindi sila innovative enough
08:52.3
So, you can see there's a sense
08:54.1
There's a kind of a laboring
08:58.5
Semi-stagnant aspect to Japan
09:02.5
But having said that
09:04.9
It's still a very wealthy country
09:07.1
Compared to a lot of Asian countries
09:08.9
It still has a lot of depth and elegance to it
09:13.0
That you cannot find in any other Asian country
09:15.1
And most importantly
09:16.9
Para sa atin mga Pilipino
09:18.2
It's a country that still wants to invest big time
09:22.1
Sa Southeast Asia, sa ASEAN region
09:24.1
And especially sa Pilipinas
09:28.3
Nagwa-wine dyan na medyo iba yung titles
09:32.1
Just listen to me kasi, okay?
09:33.8
Everything is gonna be connected, alright?
09:37.4
Midnight na, okay?
09:39.2
Buong araw tayo naglalakad and all of that
09:41.0
Kaya masyadong picky
09:44.0
Japan wants to invest big in Southeast Asia
09:51.2
Naturally, dapat Pilipinas
09:55.0
Yung number one destination
09:57.0
Na investments ng Japan
10:02.8
Ito yung time na nagtitake off ang Japan
10:04.4
Pinili nila ang Manila
10:06.4
As the headquarters of Asian Development Bank
10:10.1
Dahil tayong pinaka-pinaka mahalagang bansa
10:12.7
In terms of economic potential
10:16.5
Average gross domestic product growth
10:21.0
Parati pagkausap ko yung mga Japon
10:23.6
Sinisabi nila sa akin
10:24.8
Bakit ganyan ang Pilipinas?
10:27.1
Nasasayangan sila
10:28.8
Ngayon, maduduktong natin yung mga
10:30.6
Seemingly divergent titles, okay guys?
10:33.8
Hindi kasi kayo marunong
10:36.1
Mahirap kasi sa different algorithms
10:43.1
Ang position ng mga Japon is
10:46.1
What's going on with the Philippines?
10:49.1
So for a very long time
10:50.3
Meron silang structural problems sa Pilipinas
10:53.1
At yung structural problem nila sa Pilipinas
10:55.2
Is yung mga oligarchs
10:57.1
Hawak nila yung mga key sectors of the economy
10:59.8
So abnormally expensive
11:01.7
Ang electricity sa Pilipinas
11:06.5
May mga commercial-commercial po nga
11:08.0
Abnormally expensive
11:10.1
Ang fuel sa Pilipinas
11:12.1
Dahil super deregulated yung oil prices
11:14.6
And yung mga oil companies sa Pilipinas
11:16.3
Happy time na naman sila
11:17.9
Pag konting akit ang presyo sa international markets
11:20.4
Iakit nila ng bigla
11:21.5
And then pag sobrang bumaba
11:23.4
I-continue nilang
11:24.7
Ibaba nila ng konti
11:25.8
Pero alam nyo na guys
11:28.4
Ang problema sa Pilipinas is
11:30.0
Minsan parang walang may-ari
11:32.4
Ang hina ng regulation
11:35.6
In terms of providing direction for the country
11:38.6
A very minimal industrial and trade policy
11:41.7
I can go on and on about that
11:45.0
Yung isa pang malaking concern nila sa Pilipinas
11:49.1
Is yung mga politiko natin
11:50.7
Yung mga klaseng politiko na in-elect natin
11:53.8
And I'll be brutally honest
11:55.5
Nung in-elect natin
11:57.1
Si Digong napaganyan yung mga ibang kaibigan natin
12:03.4
Mga Asian countries
12:05.6
From Singapore to Japan
12:07.5
So nung si Digong ang presidente
12:13.3
Siyempre yung iba
12:15.3
Ayaw nila yung Pilipinas
12:16.2
Maging province of China
12:17.3
Alam nyo na yung reference point natin dyan
12:19.6
And then nung nanalo naman si BBM
12:22.5
Yung iba sa kanila
12:25.3
Parang ano ba nangyayari
12:33.1
Alam nila yung mga basic facts
12:36.2
Nag self-educate naman ng konti
12:38.0
Alam na alam nila
12:39.1
Na sobrang kurakot
12:40.3
Yung time ng dictatorship natin
12:41.9
Now while yung mga hapon
12:48.3
Nung may time na may
12:49.4
Autoritarian leadership sila
12:51.6
Sa China and Vietnam
12:53.6
Their authoritarian leaders
12:54.9
Were so patriotic
12:56.9
That they build the foundations
12:58.5
Of their high-level manufacturing industries
13:01.4
Pagdating sa Pilipinas
13:02.5
Every time nagkaroon tayo
13:04.0
Nang dictatorial leader
13:05.7
Autoritarian leader
13:11.3
Hindi-diktatorial leader
13:13.0
Na hindi rin naman gano'ng kagaling
13:14.6
So yun po yung masaklap sa Pilipinas
13:17.3
So napapaisip sila
13:18.5
Nang nangyayari sa Pilipinas
13:22.8
Habang nandito tayo
13:24.6
Yung mga kaibigan natin
13:26.1
Biglang nangyayari
13:31.4
At kung tignan nyo naman guys
13:34.5
Ito parang mga bata
13:37.3
Nag-ahamon yung isa
13:41.8
O paingan nyo lang yan
13:46.8
I think President Marco Jr.
13:48.2
Was the gentleman here
13:50.2
President Marco Jr.
13:51.2
Even though na-annoyed siya
13:55.4
He tried to control it
13:56.1
And he's looking at the big picture
13:58.1
He's again a country
14:01.0
Sa ganitong situation
14:02.1
Where an ex-president
14:04.1
And a sitting president
14:08.7
Exchanging insults like this
14:10.1
Sobrang pangit talaga
14:12.2
Para sa ating bansa
14:14.4
Hindi ko sinasabi
14:15.3
Na perfecto yung mga
14:16.5
Yung mga kapitbahay natin
14:19.9
May semi-purge yun
14:22.0
O ano may sila natanggal
14:23.1
I can go on and on
14:26.8
Ni Kishida administration
14:28.6
Dami rin mga polarization
14:30.1
Dun sa conservative
14:31.8
Trumpian president nila
14:34.9
Yung isang opposition leader nila
14:38.0
I'm not romanticizing
14:42.8
Grabe pa yung situation
14:44.6
Indonesia's getting
14:47.0
The end of a crazy
14:51.1
Nag-ubad-ubad pa yata
14:59.5
Na parating may mga
15:00.6
Nakakasuan ng sodomy
15:02.1
Kung galit yung mga
15:04.3
Gobyerno sa opposition leaders
15:06.7
I have no illusions about
15:09.1
The craziness of politics
15:10.6
In Asia and our region
15:16.5
Ang masaklap naman sa Taiwan is
15:18.6
Medyo matinoy yung bansa
15:19.8
Medyo matinoy yung demokrasya
15:21.3
Pero hindi naman sila nirecognize
15:22.9
Bilang isang fully-fledged
15:24.0
Sovereign country
15:26.1
Diplomatic relationship
15:27.3
Ang maraming countries
15:29.3
Without the full recognition
15:30.7
Of Taiwan as a sovereign state
15:33.0
Sobrang magulo yung
15:33.9
Polarizing din yung
15:37.3
Compared even to the
15:39.9
Or even previous cycles
15:42.2
Having said all of those things guys
15:44.2
Ito yung nakaka-frustrate
15:45.8
Pagdating sa Pilipinas
15:48.5
Over and over and over again
15:50.1
Pag tinignan mong Pilipinas
15:52.2
We have something very weird
15:56.0
Of all the craziness
15:58.8
In spite of all of the structural problems we have
16:01.7
In spite of all of these oligarchic
16:04.6
Obstacles that we have
16:06.3
The economic growth and all
16:07.2
The fact of the matter is that
16:09.4
The Philippines is still the fastest growing economy
16:11.9
In Southeast Asia
16:14.2
We were able to beat
16:15.1
All our competitors in ASEAN
16:17.7
This is sa inyong pang ilang beses na yan
16:19.7
Three or four times na yan
16:20.8
In the past decade
16:21.6
Na number one na naman tayo guys
16:26.0
We are expected to
16:31.2
So this is a very good graph
16:33.3
Na may kita niyo guys
16:37.3
So may kita yung Pilipinas sa gitna
16:46.2
The darker blue is
16:48.1
And the lighter blue
16:51.5
So may kita mo na
16:52.4
King ang Pilipinas
16:55.2
There's a context
16:56.6
There's a context to that
16:57.5
This is ASEAN 5 by the way
17:00.7
So hindi kasama dito yung
17:04.5
If I'm not mistaken
17:05.5
But we still I think
17:06.7
Have a faster growing economy
17:08.0
Than Vietnam also
17:09.0
Now having said that
17:13.8
Ramdam masyado eh
17:14.8
Syempre ramdam yan
17:17.0
Mga conglomerates
17:17.9
The 40 richest family
17:19.0
That take home what
17:20.1
60-70% of newly created growth
17:23.1
Based on the numbers
17:24.0
We have from World Bank
17:24.9
Sila ramdam na naman
17:26.0
Ramdam na ramdam nila
17:27.5
Yung mga mayayaman sa Pilipinas
17:29.4
Mga ordinary yung tao
17:31.5
Yung mga mas ordinary
17:37.5
I mean middle class naman ako eh
17:39.6
I have no shame in being
17:41.3
I'm very proud of being
17:44.9
Lalong lalo na yung sitwasyon
17:46.6
Ng ating mga kababayan
17:49.5
People without cushion
17:50.4
Philippines has one of the
17:54.2
Even a bank account
17:56.0
Kasi to have a bank account
17:57.1
Ang daming paperwork
17:58.1
Tapos kailangan mo
18:00.1
Marami sa ating mga kababayan
18:01.9
Are constantly in debt
18:03.2
And we have one of the
18:04.0
Lowest saving rates
18:04.9
For a developing country
18:06.0
And let's not forget
18:07.9
Para sa Pilipinas
18:09.6
To grow at the rate
18:18.0
Ng per capita income natin
18:21.2
Yung per capita income natin
18:22.7
Kung na-divide mo
18:24.3
Yung buong economy natin
18:26.0
Exactly by our population
18:27.5
You only get $4,000 per Filipino
18:29.5
So yung mga ibang nagsasabi
18:30.9
Hindi mayaman ang Pilipinas
18:33.4
Ang masaklab dito is
18:35.4
Hindi tayo mayaman
18:37.0
Tapos yung kakaunti pa
18:39.5
Na marating sa bawat Pilipino
18:42.9
Dahil ginagobol up
18:45.9
At political dynasties
18:47.1
At yun po yung konteksto
18:48.6
Nang usapin natin kaapon
18:51.1
Kung saan sinabi ko
18:52.1
Na good luck dyan sa
18:54.9
Gusto mag federalization
18:56.8
Because kung tinignan mo
19:02.8
Ng buong gobyerno
19:04.4
Ng Estado ng Pilipinas
19:09.6
National Capital Region
19:11.6
Industrial region around it
19:13.5
So sobrang liit po
19:16.0
Revenue generation capacity
19:17.9
Nang marami sa ating mga kababayan
19:20.2
In other parts of the country
19:21.6
Especially in Mindanao
19:23.7
So without the subsidy
19:26.0
Back to subsidy and support
19:27.2
From the national government
19:28.8
Lalo mahirapan yung mga kababayan natin
19:31.6
Sa Mindanao especially
19:32.7
And to a certain degree in Visayas
19:34.0
And the thing is this guys
19:35.7
You have to also keep this in mind
19:42.1
I cannot control the internet connection
19:45.0
Yung nagko-complain-complain
19:46.0
I do not control the internet connection
19:48.1
I'm just doing my best here
19:50.2
Sino ba itong mga ito?
19:53.7
What is happening here?
20:00.3
Bakit gano'n yung TikTok ko?
20:02.7
Ba't may ibang tao?
20:06.2
Bakit gano'n yung TikTok?
20:10.4
Pwede makikilive yung ibang tao sa'yo?
20:13.4
What's going on here?
20:18.2
Balikan natin itong topic na ito guys
20:20.9
Balikan natin itong topic na ito
20:22.4
Importante yung topic na ito
20:24.6
Hindi ko alam kung anong
20:25.6
Nahawakan ko dyan
20:28.4
Let's go back to this topic guys
20:32.0
Bakit may mga ibang kasama ako dito?
20:44.5
We're growing very fast
20:46.2
That's like whatever
20:49.9
Yung per capita natin
20:52.6
6% is far from enough
20:55.9
Big yung problem of poverty and inequalities in the Philippines
20:58.8
The other thing na very shocking also sa Pilipinas guys
21:02.7
Pag tinigil mo yung Pilipinas
21:04.1
Ang mahal ng cost of living
21:06.5
Dito sa Tokyo na ito
21:09.7
Na isa sa mga pinaka expensive cities on earth
21:17.2
You actually can get pretty decent good food
21:19.2
Very high quality pretty decent good food
21:21.7
Good luck getting that in Manila
21:25.4
Especially dun sa
21:26.8
Elevate middle class
21:28.0
Or upper middle class
21:29.0
Or especially yung mas CBD areas
21:30.8
Central business districts and all
21:39.3
I was in Shinjuku
21:41.2
So medyo business district yung mga ito
21:42.8
If you look at mga ito
21:45.5
If you look at mga districts na ito
21:47.7
You know with 1,000 yen
21:50.4
I could get a pretty decent meal
21:52.4
Actually more than a decent meal
22:03.1
I went from Shinjuku
22:06.1
Another business district
22:07.4
And then I went all the way to
22:14.9
Ilang kilometers na yan
22:16.2
Ang ginastos ko lang siyo
22:18.4
Dahil sa commuting and all of that
22:32.1
Cost of living sa Pilipinas
22:33.6
Maggagrab ka lang
22:34.4
From Makati to Quezon City
22:38.4
Ang gagastusin mo
22:43.5
With 200-300 pesos
22:45.5
Or anything like that
22:46.2
And good luck also
22:46.9
With our public transportation
22:48.4
Let me get back again
22:49.6
To my center point
22:50.8
Sorry I'm just trying to
22:51.7
I'm just trying to
22:51.8
I'm just trying to
22:55.4
Take some of these things
22:59.2
Another important data
23:00.3
So if you look at the Philippines
23:01.9
We're doing really bad
23:04.1
In terms of attracting investments
23:05.4
So I'll show you another graph guys
23:06.8
Really really bad
23:08.8
Nawirdoan pa rin ako sa TikTok
23:12.4
Nakikilive yung ibang tao sa'yo?
23:14.6
They can joint live with you?
23:16.0
I think I pressed something
23:18.7
And then I was like
23:19.8
With other people
23:25.4
, what on earth is that?
23:28.4
Tapos yung mga nag-joint live pa sa'kin
23:30.1
Parang hindi naman Pilipino
23:31.4
Eh, kaya nga ako nagtatagalog
23:35.2
Yung point of reference natin
23:38.6
Kung titignan mo ito
23:39.9
Sobrang kulela itong Pilipinas
23:41.6
Sobrang baba yung FDI sa Pilipinas
23:44.5
Sobrang baba yung FDI
23:46.1
So kitang-kita mo
23:47.1
No much na no much tayo
23:49.4
Although in the case of Singapore naman
23:50.8
If you look at it
23:51.5
Singapore is understandable
23:53.3
Because actually it's a conduit
23:54.5
And hub for investment
23:56.0
The investments that goes into Singapore
23:58.0
Get spread across the region
23:59.4
But we're lower than Indonesia
24:01.2
We're lower than Malaysia
24:02.5
We're lower than Thailand
24:03.9
And based on the sum of the data I saw
24:06.8
Actually Vietnam gets more than twice
24:09.6
The level of investments that we get
24:13.2
And the thing though is
24:17.1
What Vietnam is getting
24:19.6
Is investment in very high quality
24:22.1
Very, very high quality
24:25.4
I posted that link
24:29.1
There we go again
24:30.1
You're doing good
24:30.7
At least that was a nice question
24:35.2
Because you're laughing
24:40.2
In terms of revenue collection
24:41.5
It's a PCIJ study
24:45.0
I'll send you the link here
24:48.5
I posted it below
24:49.3
There in one of our
24:53.3
I posted it again later on
24:56.4
Anyways the graph is there
24:58.1
Are you questioning my data?
24:59.9
Going back to this
25:01.0
Sobrang baba yung level of FDI sa Pilipinas
25:03.9
And you've compared to Vietnam
25:05.0
Which is almost at the same level of per capita income
25:07.5
Not only does Vietnam get
25:09.2
More than twice our FDI level
25:12.4
It gets very high quality
25:16.3
Investments that go into production of cars
25:21.2
Increasing into semiconductors
25:25.4
So anong relasyon nito
25:27.4
Sa politika natin?
25:30.1
The good news guys though
25:32.3
Nung nandito ako sa Tokyo
25:33.3
May naman nakausap tayo
25:34.4
Mga top officials
25:35.5
From allied nations
25:36.7
And there are plans actually
25:38.2
To make the Philippines
25:39.7
Part of a greater regional
25:41.8
Semiconductor production hub
25:44.6
Para maging mas konti
25:52.5
At para yung China
25:54.0
Hindi magda-dominate
25:55.3
Ang semiconductor industry
25:56.5
And not have access
25:57.9
To the most cutting edge semiconductors
26:00.5
I also saw in the good news
26:02.3
That isa sa mga top officials
26:04.0
Ng Biden administration
26:05.0
Nagsabi na pinili ang Pilipinas
26:08.5
We're among nine key countries
26:10.9
That will be recipient of subsidies and aid
26:14.3
In their CHIPS Act
26:15.9
Ito yung semiconductor CHIPS Act
26:19.5
What should we do?
26:24.6
What should we do?
26:25.3
What should be done?
26:26.6
So kaapon dun sa discussion natin
26:29.0
I made it very clear
26:29.9
Na the Republic of Davao
26:33.3
Or Republic of Mindanao
26:35.2
It's not the reason
26:36.0
It's not the solution
26:37.6
And there's no support for that
26:39.9
As for I don't know
26:40.7
Aside from Alvarez
26:44.3
Yung mga taga Zambonga
26:46.0
Different regions of Mindanao
26:47.4
Lahat sila hindi sumama dito
26:48.7
In fact a lot of them
26:49.7
Want charter change
26:52.6
But politikos from the other side
26:56.8
Other regions of Mindanao
27:00.7
Now their solution is
27:06.8
Pag pinalitan mo yung mga provisions natin
27:10.6
That have to do with charter change
27:13.2
With economic provisions
27:14.6
Automatically everything will be happy
27:16.2
Now ito kasi yung problema
27:18.1
Pag tinignan mo yung datos
27:26.7
Than our neighbors
27:28.0
Ang pag iwanan tayo
27:29.2
Interestingly though
27:31.1
Pag tinignan mo yung mga batas
27:36.9
Tingnan mo yung mga batas
27:37.9
Especially mga fast growing countries
27:42.3
They don't make foreign investment
27:45.3
Actually that easy
27:46.2
And they also have some levels of restrictions
27:50.4
Which I'll post later on
27:53.5
May magandang link dito
27:55.0
So I'll send this link to you guys
27:57.9
Para you can see that
28:05.0
Yung mga restrictions sa media sector
28:07.0
Restrictions sa land sector
28:08.8
So you can see all of these things on your own
28:10.5
So actually both China and Vietnam
28:13.6
Which are technically communist countries pa rin
28:16.7
They also have some very strict
28:18.7
Laws and regulations
28:20.3
On private property
28:22.9
Because at the end of the day
28:24.2
They're supposed to be
28:24.8
Not a fully capitalist country
28:28.0
And even other very successful
28:29.4
Economically successful countries
28:32.0
Have various forms of restrictions
28:34.0
On foreign investments
28:35.0
In the interest of national security
28:37.1
Or in the interest of developing
28:39.2
Yung tinatawag na
28:42.1
Pag pinag-aralan mo itong issue na ito
28:49.1
Between restrictions on foreign investments
28:52.0
In the sense that
28:53.4
The proponents of Chacha understand
28:54.8
An actual investment flow
28:56.4
I'm trying to just pull out the exact
28:59.1
Data and all that we have
29:03.2
This will be an interesting
29:04.9
Kasi alam ko maraming mga
29:10.1
Ah yan, sakto lumabas
29:14.4
Foreign ownership restrictions in telecom
29:28.3
Check na yung itong data
29:30.0
Sony Africa among others
29:32.0
You can check it also on your own
29:33.4
I'll post it to you guys
29:37.9
Which is growing way faster
29:39.2
Than the Philippines
29:39.8
Getting the top level investments
29:44.6
In terms of foreign investments
29:51.1
Now I think one big reason for that
29:52.6
Is because Vietnam doesn't want China
29:54.8
Or some hostile country
29:56.1
Getting control of their critical sectors
29:59.0
Naintindihan natin yung ating ekonomiya
30:01.1
From external investments
30:03.1
But at the same time
30:05.1
We end up with oligarchs
30:06.7
In the Philippines
30:07.3
Controlling everything
30:08.3
So the solution there
30:11.3
A kind of a perfect mean
30:19.2
So that high quality investments
30:21.0
But you do not overly open it
30:22.5
So that any hostile country
30:23.9
Can come in and take over it
30:24.8
The infrastructure
30:25.7
Tignan mo yung problema natin
30:27.1
Sa national grid natin
30:28.2
Na ang laki nung control ng China
30:31.4
So yung national Chinese grid company
30:38.3
100% engineering control
30:41.1
Kung hindi kayo naiwala sa akin
30:42.6
Go to sources as varied as
30:47.5
And Senator Tulfo
30:50.2
All of them have raised
30:51.1
Very serious concerns about
30:52.6
Chinese investments in software critical infrastructure
30:54.8
So kung yung idea mo is
30:56.5
Tanggalin mo lahat ng restrictions
30:58.2
Good luck na lang
30:59.1
And many mumbo jumbo things can happen
31:01.5
As I always explain
31:08.4
Countries with very strict rules
31:11.9
Are still getting a lot of investments
31:15.8
Ginapit mo yung utak mo
31:19.1
If the correlation is so weak there
31:21.7
Then definitely causality is
31:26.6
For anyone who has a basic understanding
31:29.0
Of political economy
31:30.1
Of economic policy
31:33.6
Please go and check
31:34.8
Yung mga vlogs natin
31:35.9
On industrial and trade policy
31:37.6
Yun yung frustration ko
31:41.1
Doon sa mga nag-awine dyan
31:42.6
Related lahat ng mga ibang titles
31:46.3
Let me be absolutely clear about this guys
31:48.4
Let me be absolutely clear about this
31:50.1
This Duterte-Marcos
31:57.1
Is not good for our country
31:59.3
I know it's good for popcorn
32:00.9
I know as a vlogger
32:02.5
It's good for our views
32:04.8
Naka 6, 7, 8 million views na tayo
32:07.1
Doon sa mga pinostan
32:09.2
Where I'm not even
32:11.1
I don't even have many followers there
32:12.8
But this is not good for the country
32:16.5
Because it's distracting
32:20.0
Doing the right thing
32:21.5
Now I'm not saying
32:22.5
The president has the great idea there
32:26.5
The political capital
32:28.4
To do what is right for the country
32:30.6
So that we get the best
32:31.9
High quality investments
32:34.2
Ang Japan ay tumitingin talaga
32:35.9
Sa Southeast Asian Pilipinas
32:37.2
Ang Amerika tumitingin sa Pilipinas
32:39.6
Semiconductor investments
32:41.7
Ang maraming bansa
32:42.5
Even United Arab Emirates
32:43.9
Tumitingin silang lahat sa atin
32:45.5
But it's one thing for them
32:47.7
It's another thing for them
32:49.2
Billions of dollars
32:51.2
And building our talent
32:56.7
We get the basics right guys
32:58.9
We will not get what we deserve
33:01.4
As a Filipino nation
33:02.5
Dahil di na drag down tayo
33:04.9
Ang mga ating mga politiko
33:06.3
They gave us a bad image
33:07.8
And at the same time
33:09.3
They're not focused
33:15.5
Getting the high quality
33:16.7
Semiconductor investments
33:18.0
High quality manufacturing
33:19.9
EV car production investments
33:24.8
The eye should be on
33:26.3
Pushing our oligarchs
33:27.6
And our big businesses
33:28.4
To build world-class industries
33:30.4
So I'll try to end on this point
33:32.9
Kanina sa Ginza tayo
33:40.7
If you look at the origins of Seiko
33:45.2
Just over 100 years ago
33:48.8
If you look at the origin stories of Seiko
33:54.6
Someone who came from middle class
33:56.0
Someone who worked his way up
33:58.1
And this is where the big difference
33:59.9
With our oligarchs comes in
34:03.9
Siguro galing sa hirap yung isa
34:06.2
Kumawa ng malaking business
34:08.6
Puro nalang ginawa niya
34:11.4
Kinakontraktual na lang yung mga workers
34:13.7
And then bibili ng mga
34:16.8
Buy and sell lang
34:17.9
Walang innovation
34:24.6
By 1890s palang nagsimula ito
34:29.3
They were already a major producer
34:30.8
They were already exporting
34:32.8
Hundreds of thousands of watches
34:34.5
To Europe and all around the world
34:37.5
So yun yung difference eh
34:41.6
Hindi ko sinabi kung sino yung mga yan
34:46.0
Nandun ako sa museum
34:48.7
May mga kilala kong mga
34:50.1
Big conglomerates sa Pilipinas
34:51.7
Na magto 200 years na sila
34:54.6
Magto 200 years na yung iba dyan
34:56.4
Yung iba dyan at least 50 years
35:03.0
Bakit hindi yun ang ginawa
35:08.4
Ating mga big business sector
35:10.5
They had 50 years
35:17.1
We don't even make watches
35:19.2
Forget about cars
35:26.4
Relatively basic things
35:29.6
So that makes you wonder
35:33.6
There's this aspect kasi guys
35:39.8
With the best of the best
35:41.1
In the most important fields
35:43.0
Yun yung meron sa elite
35:46.4
Walang innovation talaga
35:48.1
Ang innovation lang nila
35:49.4
How to make more profits
35:51.3
Basic raw materials
35:56.7
Or you get what I'm saying
35:58.7
Like mall mall mall mall
36:00.9
That's not invasion guys
36:02.4
That's not high end
36:05.6
But the other thing
36:07.2
I would try to be also fair here
36:09.4
At least oligarchs
36:10.7
Who had or now have
36:15.1
At least in Japan
36:16.2
There was also this environment
36:25.6
There was also this
36:26.7
State driven strategy
36:31.1
The conglomerates in Japan
36:32.3
Were really there to create
36:33.5
World class industries
36:35.5
So there was also
36:37.2
And support and coordination
36:38.4
Coming from Japan
36:39.3
And that's why we mentioned
36:41.1
Ministry of Economy
36:42.0
Trade and Industry
36:42.8
Which comes of course
36:45.3
And plays a very important
36:46.8
Play in Japan's reconstruction
36:48.0
So kung titig na mo
36:49.6
We don't have any of them
36:53.3
Parang founder of
36:56.9
I can't come up with many
36:57.7
We come from very humble beginnings
37:00.6
Medyo umangat sila
37:01.3
Immediately they try to go
37:02.6
And compete with the best
37:03.6
Of the best in the world
37:04.5
And they work so hard
37:06.0
And they innovate
37:07.3
And they try to compete
37:09.0
And they try to learn things
37:10.9
They try to beat the
37:12.4
Europeans in their own game
37:14.3
It's just incredible
37:15.4
I was just looking at
37:16.1
Some of the watches
37:19.4
In the 60s, 70s, 80s
37:21.0
Pwede may connect sa TV
37:23.0
Grabe yung mga innovations
37:25.1
They were beating the Europeans
37:26.2
In their own game
37:27.0
And that's just the story
37:28.0
Of one innovator in Japan
37:29.4
We can talk about
37:31.3
I can go on and on and on
37:34.4
The story is even more incredible
37:36.4
Some of their big industry
37:37.5
Started in 60s, 70s, 80s
37:39.5
We can talk about
37:40.6
Samsung and LG and all of that
37:43.8
Ito yung sinasabi ko guys
37:46.0
Our politics is perhaps
37:47.5
One of the most entertaining
37:48.8
Our politicians are very entertaining
37:50.8
Perhaps at their own expense
37:51.9
Sometimes like that
37:52.8
Pero kawawang Pilipinas
37:58.2
The Philippines has this
37:59.6
Unique opportunity
38:01.9
Unique and important opportunity
38:03.3
To get the high quality investments
38:05.6
From all around the world
38:06.6
We are on the map
38:10.6
When I talk to others
38:11.6
They really want to invest
38:12.9
In the Philippines
38:13.5
Nasasayangan sila sa atin
38:15.2
Pero paano naman natin magawa
38:17.4
Yung kailangan natin gawin
38:19.3
Estado ng politika natin
38:23.9
Nagpofenta na yung isa
38:25.0
Yung isa sinasabi niya
38:26.4
Yung iba gusto daw magchacha
38:28.3
Dahil ang chacha daw ay magical
38:30.0
Magsolve lang lahat ng problema natin
38:31.7
Ayan na naman tayo eh
38:35.2
Paaralin ko nga itong mga ito
38:37.0
Magpapakash course nga
38:38.2
Dapat itong mga ito
38:39.1
Sa METI sa Japan eh
38:40.4
Yun na kailangan mag
38:41.9
You know what I'm saying guys
38:47.6
Now you can see the connection
38:48.9
Between semi different
38:50.2
So our messy politics
38:52.7
Lack of leadership
38:53.8
Absence almost of
38:55.5
Proactive industrial policy
38:57.1
And the nature of the oligarchs we have
39:01.7
The ordinary Filipinos suffer
39:05.1
Ordinary Filipinos
39:07.8
Or so loved all around the world
39:09.6
Or so respected around the world
39:11.1
They have to live
39:12.1
With super expensive
39:16.9
One of the lowest levels of income
39:18.7
This is scandalous
39:20.7
And something has to be done about it
39:22.6
There is a ray of hope
39:24.2
There is some good opportunity here
39:26.0
But I hope tayo rin
39:28.1
We also encourage our leaders
39:29.7
To move in the right direction
39:31.4
As much as we are
39:32.1
Some of us are having too much fun
39:38.2
Huwag din natin kalimutan
39:39.4
At the end of the day
39:40.1
We need our president
39:41.2
To do the right thing
39:42.1
And we have to push them
39:43.3
To do the right thing
39:45.0
Thank you very much guys
39:45.8
Kailangan kong mahabol doon
39:47.0
Anong nagagawin natin
39:50.7
Medyo late tayo ng start
39:52.5
Hindi ako super quick
39:53.8
And ang dami kong ginawa
39:57.7
Pagkita't kong araw na yan
40:02.3
Over the past 2-3 days
40:03.6
So I just have to
40:05.3
Gather my energies
40:06.9
And talk to you soon
40:13.0
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