01:26.3
It matters, but would also discuss maintaining peace in the Indo-Pacific region.
01:33.1
Of course, security and defense is going to be part of that discussion.
01:38.6
But nonetheless, I think I can assure everyone that that is not the main intent of this trilateral agreement.
01:46.5
The main intent of this trilateral agreement is for us to be able to continue to flourish, to be able to help one another.
01:56.2
to keep the peace in the South China Sea and the freedom of navigation in the South China Sea.
02:02.6
A White House advisor, meanwhile, told journalists during a briefing that several initiatives in key areas are expected to be announced in the summit, including investments for the Philippines.
02:16.2
Those include energy security, which of course is a very important focus for this government.
02:22.3
They include digital connectivity to make sure that the people are safe.
02:26.2
They include the ability of the people of the Philippines have access to reliable, trusted networks and a number of other areas, which if we can more effectively hone our trilateral cooperation, will make the Philippines economy stronger and will affect the everyday lives of the Philippines people.
02:44.3
Financial markets now, regional equities are struggling for direction ahead of the release of U.S. inflation data.
02:50.5
America's Consumer Price Index will be released later today, Wednesday.
02:54.9
And it is expected to...
02:56.2
...to influence the Fed's rate-cut game plan.
02:58.9
Also, investors' radar, Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances as the economy faces increasing uncertainty in its shift to new growth models.
03:13.7
The downgrade follows a similar move by Moody's in December and comes as Beijing ratchets up efforts to spur the feeble post-COVID recovery in the world's second-largest economy,
03:26.2
with fiscal and monetary support.
03:28.9
Taking a look now at the board, Japan's Nikkei 225, down nearly five-tenths of a percent on the heels of Tokyo's corporate inflation, increasing for a third straight month in March.
03:39.5
The ASX 200, meanwhile, closed three-tenths of a percent higher, marking its third straight day of gains.
03:47.2
South Korea's Kospi Index, meanwhile, is offline due to an election.
03:53.1
Taking a look now at futures in Europe, their points to...
03:56.2
In positive territory, German DAX futures up five-tenths of a percent.
04:01.2
Stateside, futures are pointing to a flat open ahead of U.S. inflation data.
04:09.0
Australia considering to recognize Palestinian statehood in a potential shift in policy.
04:14.8
In a speech at the Australian National University, Foreign Minister Penny Wong said,
04:19.9
a two-state solution where Israel is and Palestinians live.
04:26.2
A two-state solution where Israel and Palestinians live side-by-side in separate countries is the only hope to break the endless cycle of violence.
04:32.9
She echoes comments by Britain's Foreign Minister earlier this year, in which he hinted,
04:38.7
the UK, too, could recognize Palestinian statehood without the support of Israel.
04:47.4
Recognizing a Palestinian state, that one that can only exist side-by-side with a secure Israel,
04:52.6
doesn't just offer the Palestinian people an opportunity.
04:56.2
It also strengthens the forces for peace, and it undermines extremism.
05:04.8
It undermines Hamas, Iran, and Iran's other destructive proxies in the region.
05:14.4
Fourteen Palestinians killed and dozens more injured after Israeli airstrikes hit a refugee camp located in the central part of Gaza Strip.
05:23.4
Other airstrikes were reported in...
05:26.2
Deir al-Bala, in central Gaza, and Rafah, in the far south.
05:31.8
The attack comes after Hamas said an Israeli proposal on a ceasefire in their war in Gaza
05:37.1
did not meet the demands of Palestinian militant factions,
05:40.9
but it would study the offer nonetheless and deliver its response to mediators.
05:51.0
Denise Dinsay now joins us for more stories here at home. Hi, Denise.
05:56.2
Philippine President Marcos asserting the finality of the April 30 deadline
06:00.3
for jeepney operators to consolidate into cooperatives and corporations.
06:05.7
Marcos' statement comes after transport officials made a similar declaration,
06:10.7
saying those who failed to do so would be barred from plying their routes next month.
06:16.1
Under the government's PV modernization program,
06:18.7
jeepney operators were given until the end of the month to join a cooperative,
06:23.1
which would have two to three years to replace their families.
06:26.2
with modern vehicles that are safer and less polluting.
06:30.6
But the modernization scheme has been met with strong opposition from transport groups,
06:35.6
which argue the program could lead to their loss of livelihoods.
06:40.1
Marcos also reveals his administration's plans to solve the country's dire traffic woes,
06:45.4
which, according to Marcos, have cost the country billions of pesos.
06:56.2
4.9 billion ang cost ng commuting ngayon sa Metro Manila.
07:05.1
Kung wala tayong gawin, aakyat ito ng halos 9 billion kada araw.
07:11.4
At tapos ang analysis ng NEDA at saka Department of Finance,
07:16.0
3.5 billion ang nawawala sa atin, yung tinatawag na opportunity cost,
07:21.7
na sasayangan na oras,
07:23.6
ang mga dapat na,
07:26.2
yung productivity natin bumabagsak dahil nga nagaantay tayo ng sasakyan.
07:32.0
Wala talagang solusyon ang traffic kung hindi tayo malipat sa kalsada at mapunta sa mass transit.
07:41.5
Kaya tayo naglalagay ng mga subway, naglalagay tayo ng mga tren.
07:45.8
Ito po para naman ay mas madali talaga.
07:51.2
Kaya pag sumakay ka ng tren, walang traffic.
07:53.2
Kaya nakikita natin sa mga,
07:57.1
kahit yung mga pagpupunta, sasakay ka ng tren, sasakay ka ng subway,
08:02.5
makikita mo, lahat ng klaseng tao doon sumasakay.
08:05.8
Kahit yung mga mayayaman na may kaya, sumasakay sa tren.
08:09.8
Dahil yun ang pinakamabilis,
08:11.8
mapuntahan, kahit yung malalaking mga syudad,
08:16.6
New York, ganun, London, ganun.
08:21.0
According to Transportation Data Specialist Tom Tom,
08:25.6
nagkakataon niya para kaya pakikita sa baée rakot
08:29.6
sa Fort Schneider,
08:47.4
sa抗isang po at ang cumash nawa자는 eron.
08:49.8
Ito kung kailangan sa kasi贵an mga pangangang сил
08:52.9
kumb wanting umabas sa Metro Manila.
08:54.5
Ito kung kailangan sa kasi balakay sa Metro Manila.
08:54.9
nakikita mo ang mga trees kay City�를ze.
08:55.1
tungkat sa pagbima,
08:55.4
at pap Lady D masses tuwing magbasa ngapaw,
08:55.6
easing road conditions during peak hours late in the afternoon to evening.
09:03.1
President Marcos horrified at the possible compromise of Philippine sovereignty
09:07.7
in the alleged West Philippine Sea Deal between his predecessor, Rodrigo Duterte, and China.
09:14.4
The former spokesperson of the erstwhile President, Harry Roque, earlier claimed
09:19.2
Duterte agreed to a gentleman's agreement with Xi Jinping
09:23.0
which supposedly barred Manila from dispatching repair materials
09:27.3
to a deteriorating Philippine vessel in the West Philippine Sea
09:31.1
which was intentionally grounded in the disputed territory to maintain a military presence.
09:37.7
But another Duterte spokesman, Attorney Salvador Panelo, later denied such a deal was struck.
09:43.9
Marcos admits until now, his administration is still unsure of the existence of that supposed agreement.
09:53.0
It turns out, we don't know. It is a secret agreement.
09:56.6
We don't know anything about it.
09:58.4
There is no documentation. There is no record.
10:03.7
We were not briefed when I came into office.
10:06.0
Walang-walang nagsabi sa amin na merong ganong usapan.
10:09.5
So, we're trying to relate up to now
10:14.0
because from the former administration, iba-iba ang sagot eh.
10:20.0
Sabi ng isang opisyal dating...
10:23.0
dating government official under the previous administration,
10:26.7
there's no such agreement.
10:28.4
Sabi naman ng isa, no, there is, and we should honor it.
10:31.1
Sabi naman ng iba, maganda yan.
10:32.9
Sabi ng iba, hindi maganda yan.
10:34.7
Hindi pa namin alam kung ano ba talaga yung agreement na yan.
10:37.9
Kung ang sinasabi sa agreement na yan na kailangan tayong magpermiso
10:42.4
sa ibang bansa para gumalaw sa ating sariling teritoryo,
10:48.1
mahirap siguro sundan yung ganyang klaseng agreement.
10:50.7
I am horrified by the idea.
10:53.0
That we have compromised through a secret agreement
10:57.7
the territory, the sovereignty, and the sovereign rights of the Philippines.
11:06.0
The Philippines sees more foreign direct investments in January.
11:10.0
Our numbers that matter today, $970 million.
11:13.5
The central bank says this was the FDI net inflows at the start of the year,
11:17.5
higher by 90% from the over $470 million last year.
11:21.8
It is also an issue of the FDI net inflows at the start of the year.
11:22.8
It is also an issue of the FDI net inflows at the start of the year.
11:23.0
It is also an issue of the FDI net inflows at the start of the year.
11:23.1
It is also an issue of the FDI net inflows at the start of the year.
11:23.1
It is also an issue of the FDI net inflows at the start of the year.
11:23.1
It is also an issue of the FDI net inflows at the start of the year.
11:23.3
It is also a general improvement from the more than $820 million in December.
11:27.2
The BSP points to higher debt instrument investments from foreign nationals
11:31.2
which climbed to $820 million.
11:34.2
Foreign investments in equity capital, meanwhile,
11:36.7
declined to $11 million from the previous $93 million.
11:41.5
Monetary authorities say most of the equity capital placements
11:44.9
were from Japan and the U.S.
11:47.0
The investments were channeled mostly to the manufacturing,
11:50.5
real estate, and construction sectors.
11:53.0
Thank you very much.
12:23.0
Thank you very much.
12:53.0
Thank you very much.
13:23.0
We've heard Fed officials say that they would consider, sorry, if there is a delay in rate cuts, what is interesting to look at is labor markets and also the concern for debt for consumers to meet because of the higher interest rates.
13:38.2
So for now, status quo is we still think that the second half of the year could be more bullish considering that there will be rate cuts as long as inflation stays within the average.
13:50.2
So you're still within that second quarter time frame.
13:53.0
How are you tracking Fed rate cuts now for the rest of the year?
13:57.9
Is it still safe to pursue the same assumptions of timelines and even the sizes of the cuts?
14:04.0
Or do you foresee smaller decreases now and by when exactly?
14:09.0
Well, the average last year was about 1%.
14:12.8
So I think the estimate now has gone down to a bit 65 bips to 90 bips.
14:18.7
So slightly lower and yet it's still there.
14:20.9
I think it's really a matter of balance.
14:23.0
It's a lot of balancing based on data that comes out.
14:27.1
But nonetheless, the U.S. actually has quite leeway to delay rates should they want to because of the strength of their economy vis-a-vis weaker economies around the world.
14:39.5
From the U.S., let's go to the second largest economy in the world, which cutting its outlook on China's sovereign credit rating to negative siting risks to public finances as the economy is still facing increasing uncertainty.
14:51.7
In its shift to...
14:53.0
To new growth models.
14:54.5
Now, what does this mean for the Philippines with China being an important trading partner of ours?
15:01.0
China is a large partner for both import and export.
15:05.1
So we would expect possible inflationary results should there be a slowdown in being able to import certain products from China.
15:16.2
And at the same time, it will affect exports as well for the Philippines.
15:20.7
However, I do think that this is actually an opportunity.
15:22.9
It's an opportune time also to kind of diversify or broaden our trading partnerships, considering the fact that there have been escalations in geopolitical relationships.
15:33.8
So it may as well be a slight bump in a longer road, which we have to prepare for.
15:42.0
So it's really a lot of reasons there to go beyond China for partnerships.
15:46.7
Now, Nisha, let's talk about markets.
15:48.0
We're resuming trading tomorrow.
15:50.1
That's following a long break.
15:52.5
For two days, steep dives as well in terms of market prices, breaking recent near-term supports.
15:59.7
Now, are you expecting the corrections to persist?
16:03.1
And how low do you think this could go?
16:07.1
Actually, this particular correction was largely expected by us because we really saw that 7,000, 7,100 would be, you know, an interesting and a formidable resistance,
16:19.8
considering the fact also that the markets have rallied about.
16:23.7
We do think that corrections could still continue or consolidation.
16:28.8
So our support is 6,700 with a possibility of possibly testing 6,500 or 6,400.
16:35.4
Now, this would be healthy for the market, we think, because we are still waiting for further catalysts in the market.
16:42.6
And that would be earnings.
16:43.8
And, of course, that would be the rate cuts should they emerge in the second half of the year.
16:52.5
That it's healthy for the market not to race towards new resistances because technically that would also mean less firmer support.
17:02.5
So it's important to kind of support a market rally that grows in terms of level, valuation, and also volume.
17:16.8
So we've seen a generous amount of inflows in the first part of the year.
17:22.1
But then, recently, we've seen some net foreign selling from a peak of $180 million.
17:27.3
We're at about $140 million.
17:29.9
So we'd like to see the volumes also show up.
17:34.2
And so we could really have more confidence in the rally as well.
17:38.5
Having said all that, Nisha, what's the trading strategy now that's advisable for our current market?
17:43.5
I mean, do you recommend wait and hold for those planning to add to positions?
17:47.4
Or do you also think, perhaps, that those that rode the upward wave in the last year,
17:52.1
last three months, should now lock in some gains?
17:56.0
Longer term, really, we think that you have to have core positions in the market.
17:59.9
I think we're just starting a very possible bull run,
18:04.2
considering that we're exiting the COVID-19 pandemic phase
18:10.7
and also coming back from just that era of slower growth and contending with higher inflation.
18:22.1
We think that as we exit both those interesting scenarios,
18:27.6
that there could be more reason to have a bull run in the market
18:32.6
because then we would see more expansion and growth activities
18:37.6
and more business confidence and more consumer confidence as well.
18:41.8
So we have core positions.
18:44.4
We recommend core positions.
18:46.2
Maintain them over the long term for three to five, seven-year holds from the bottoms.
18:52.1
That began in 2020.
18:53.9
We do, however, also recommend that for people who would like to take certain profits during rallies
18:59.8
to take them whenever the market shows a bit of oversold, overbought territory.
19:07.2
So we base it on the relative strength indicator and the MACD
19:11.4
to see how you can trade, how you can have trading positions aside from your core positions.
19:16.5
So 7,000 was a sell for us and we are starting to pick up at these levels.
19:22.1
We're also preparing to pick up between 6.5 to 6.4.
19:27.2
Nisha Aliserf, DA, Market Securities and iTrade.
19:30.3
Thank you so much for joining us this afternoon.
19:33.0
Thank you for having us, Stanley.
19:36.3
Always good to have you here.
19:37.5
Now we're stepping aside for a short break, but stick around because when we return,
19:40.9
we talk to Bintana sa Paraiso Resort on Camiguin Island,
19:45.6
which offers wellness and relaxation.
19:47.8
Don't go anywhere.
19:52.1
We'll be right back.
20:22.1
We'll be right back.
20:52.1
We'll be right back.
21:22.1
We'll be right back.
21:52.1
We'll be right back.
22:22.1
We'll be right back.
22:52.1
Thanks for joining us.
22:53.9
Thank you for having me here.
22:55.2
I'm so excited to be here.
22:56.3
Thank you so much for inviting me.
22:58.2
Now let's first start.
22:59.8
You know, now that we're seeing boutique hotels, resorts really blossoming in the Philippines,
23:05.2
especially after the COVID pandemic,
23:06.9
what trends are you seeing in guest preferences for these boutique resorts?
23:14.1
Well, I think the trends here is, you know, since we've, since the pandemic,
23:22.1
The tourists or the people in the Philippines and international guests really want to go
23:28.8
outside their homes.
23:32.3
So it is really, really relevant and very important for tourists to get out of their
23:39.7
homes and explore the different places in the Philippines now that we are not allowed
23:44.9
to, you know, go around the places here in the Philippines.
23:49.1
So I am inviting everyone to come.
23:52.1
So come again and stay at Pitaso Paraiso.
23:54.9
Are you seeing, I guess, more local tourists going to come again or is it more foreign
24:03.4
Actually, before pandemic, our guests are more for international guests.
24:12.6
But pandemic happened and after pandemic when the gates were opened for tourists again.
24:17.8
So our market shifted and now we have more locals coming in.
24:23.1
But it's slowly, our international guests are slowly coming in the island.
24:27.8
And hopefully, we can have them back again, more international tourists.
24:33.1
What differences are you seeing when it comes to foreign tourists compared to local tourists?
24:38.6
What amenities are they, you know, more prioritizing?
24:42.2
What more do they want out of a resort compared to, you know, locals?
24:48.6
Okay, Rhett, the difference between the local tourists and the international guests is that, you know, we have more tourists coming in.
24:52.0
We have more tourists coming in.
24:52.1
Our international guests are the local tourists come here in groups.
24:58.0
They come here in groups of five or even family or barcada.
25:02.5
So we actually adapted to the change of the market right now.
25:08.7
So we have done so many changes and then we recalibrated our plans and strategies to cater from local to international guests.
25:22.1
So tell us more about what did you change?
25:25.1
What were the changes that Bintana sa Paraiso did to accommodate, you know, more local tourists?
25:32.0
Actually, because here in Bintana sa Paraiso, all our accommodation, our rooms here are usually good for two only.
25:40.0
So right now, we renovated some of the rooms.
25:43.4
We made it bigger so that we can cater to groups, big groups like families and barcada.
25:48.9
So, yeah, we've done a lot of our, you know.
25:52.0
So, you know, renovations right now and our restaurant, our notable restaurant right now is we just finished renovating the restaurant so that we can cater more to the locals and international as well.
26:05.6
And we've seen online that Bintana sa Paraiso enjoys a high rating.
26:09.9
Can you share some examples of guest feedback that, you know, has been particularly insightful in shaping the guest experience, you know, as the chief experience officer?
26:20.6
What is that again? Can you repeat? Sorry.
26:22.0
Sorry. I wanted to ask, I mean, we saw your ratings online. It's quite high.
26:26.2
Can you share an insightful guest feedback that, you know, has been insightful in being able to shape your strategies, whether it be it in marketing or how you really have renovated the whole place to accommodate and to make sure, you know, that the experience as everyone leaves, you know, it's worth remembering and worth coming back to?
26:46.0
Okay. So we have many activities here in Canigin, LA.
26:52.0
We have a lot to offer here in Bintana sa Paraiso, especially our cow bath and our infinity pools.
27:00.2
And we always make sure that the guests' security and privacy is always first.
27:08.2
So we always make sure that we make our guests happy and, you know, we wanted them to remember us so that it will come back again to Canigin.
27:19.2
And beyond your accommodation, what other?
27:22.0
If there are, additional revenue streams are also so important to Bintana sa Paraiso.
27:29.2
What is that again? Sorry.
27:30.5
So I wanted to ask, aside from your accommodations, what other revenue streams are available for Bintana sa Paraiso?
27:37.7
Well, actually, aside from the accommodations, we also offer tour packages.
27:45.1
So there's an island tour.
27:46.1
We also now just made a deal with other organizations or establishments.
27:52.0
Here for scuba diving.
27:53.9
So we offer now scuba diving.
27:55.2
We also have free diving as well.
27:57.9
And the most recent one was the bird watching.
28:02.2
So guests can now have many options if they come here to Bintana sa Paraiso here in Canigin Island.
28:08.7
So and also we also have different spa treatments and the food at the restaurant as well for the food.
28:16.0
We have lots of different dishes for food.
28:19.9
Let's talk about pricing.
28:20.9
I mean, how are you balancing?
28:22.0
How are you balancing creating a luxurious experience while still offering, of course, competitive pricing strategies to be able to attract your different guest segments?
28:34.3
We always make sure to check on our competitors, their pricing, and also we compare it to ours also.
28:41.7
But you know what?
28:44.3
Despite these challenges, because right now we have very high inflation.
28:48.8
So but the passion for travel still remains.
28:51.9
It's strong amongst enthusiasts.
28:54.3
So here at Bintana sa Paraiso, we haven't observed any decline in the number of tourists or, you know, in fact, our unique offerings continue to attract guests, helping us thrive amidst competition.
29:08.8
So our strong social media presence where reflects the unique experiences available at the property plays a crucial role in drawing travelers.
29:19.1
Based on current trends, we remain optimistic.
29:21.9
About the travel, travel industry this year.
29:24.4
So we are confident in our ability to offer exceptional experiences that resonate with our guests even in challenging economic times.
29:31.2
Jay Labial, Chief Experience Officer of Bintana sa Paraiso.
29:34.3
Jay, thank you so much for joining us.
29:36.1
Thank you so much.
29:37.5
More news followed the law to the letter.
29:40.6
That's the appeal of Senator Loren Legarda as issues in the destruction of protected areas emerge.
29:46.8
She says the gap is clearly on the implementation of several measures already in place.
29:51.2
To ensure the conservation of protected areas.
29:54.1
She also asserts the Environment Department is not blameless on the construction of the controversial Captain's Peak Resort in Bohol's Chocolate Hills.
30:06.5
Before 2018, when the expanded NIPAS law was legislated na isa batas po ito, may mga tao na po.
30:16.2
May mga nagpatitulo na po.
30:19.2
May mga prior rights.
30:21.2
Yan po ay dinirespeto ng batas.
30:23.5
However, even if you have a title to the land, the way you treat the land, yung paggamit po ng lupa ay dapat sang-ayon sa batas.
30:37.0
In this case, the DENR is the implementing agency.
30:41.9
So we created the PAMBI and the PAMBI will come out.
30:47.2
Gagawa po siya ng isang environment management.
30:51.2
In that management plan, it must be consistent with the law.
30:57.9
And what does the law say?
31:00.1
Enhancement of biological diversity against human exploitation.
31:08.6
They must not just close it, but really just delete it.
31:21.2
With the combined El Nino phenomenon and dry season, farmlands around the country are fastly drying up.
31:29.2
A new solution to the water irrigation problem, catching fogs.
31:32.7
Joining us now to tell us more about this is Kevin Martin de la Cruz.
31:36.8
He is the Chief Sustainability Officer of FarmConnect PH.
31:41.0
Kev, good having you on the show.
31:45.2
Thank you for the invitation.
31:49.4
We're so excited to hear all about this.
31:51.2
So can you walk us through the technology behind the fog catchers?
31:57.3
How do they work to capture water from the atmosphere?
32:01.1
So when you talk about the requirements right now, given the El Nino phenomenon,
32:06.5
so typically, the irrigation requirement for highland farms would range from 40 to 200 liters per hectare.
32:17.8
And actually, given that requirement,
32:21.2
of course, it cannot be met given the lack of water, the presence of water sources,
32:28.0
especially in highland areas where, of course, the El Nino phenomenon has been really experienced.
32:35.3
So the fog catcher technology actually helps these highland farming areas to have sustainable water sources
32:43.8
and for them to use very simple technology, no need for sophisticated machines,
32:50.1
to generate water.
32:51.2
So it can generate almost the same amount of water.
32:53.9
And the fog catcher, well, it's a Lego-like technology.
33:00.1
So you can assemble it in a very simple way, five to six hours by a certain small group of people.
33:06.8
And what it does is specifically absorb the moisture from the fog.
33:12.8
And it actually, the moisture that it absorbs can really be converted into fresh water
33:19.5
that will be absorbed by the water.
33:21.2
So it's a very small, simple structure that when you replicate it in a highland farm community,
33:31.7
it will make a lot of difference there.
33:34.5
So tell us first, Kevin, I mean, what is the average daily or seasonal water collection capacity of these fog catchers?
33:43.4
I mean, how is the collected water afterwards stored and then filtered for use?
33:47.5
Is that a wholly separate technology for it?
33:51.2
Yes. Actually, the fog catcher has all the components.
33:54.4
So for the fog catcher, well, you have the net structure wherein the fog that,
34:01.7
I mean, in areas where fogs are prevalent, the net structure actually absorbs the water
34:06.6
and the water droplets gets accumulated in a tank right below it.
34:12.8
And the capacity of every fog catcher is 20 to 25 liters.
34:18.2
So that's just one fog catcher.
34:21.2
20 to 25 liters per day, average water generated.
34:26.5
And given the simplicity of its assembly, if we want to meet, let's say, the 200 liter requirement,
34:33.9
I mean, it's very simple to just install, let's say, three or eight just to sustain the daily need for water.
34:43.5
And is the current design easily scalable for larger communities?
35:00.8
For larger scale implementation, well, we are definitely given its simplicity of the technology.
35:10.5
It's also simple.
35:12.3
The investment for it is less than the usual technology, water pumping technology.
35:21.2
Let's say if there's a large-scale farm, well, we need, let's say, 10 of those to be placed in a certain area where the fog is usually prevalent.
35:36.8
So it's possible, specifically in upland communities.
35:40.8
But of course, when you talk about the lowland communities, it's going to be a different technology.
35:44.5
And compared to other water solutions, I can't not ask this.
35:50.7
How cost-effective is the fog catcher program?
35:54.6
I mean, are there ongoing maintenance costs associated with the catchers?
35:59.7
I mean, you said so yourself, it's different if you're above or when you're lower.
36:04.2
So how much could it possibly cost?
36:07.3
Are you able to save?
36:10.9
So for the fog catcher, there's minimal repair costs.
36:13.6
Because with the typical water pumping technologies, it requires, of course, the typical, I mean, when we talk about repairs, when you talk about placing, I mean, like any other car, when you actually maintain the engine.
36:29.2
But with the fog catcher technology, there's no need for, I mean, the mechanism is already assembled.
36:36.0
There's no need for electricity.
36:38.8
There's no even renewable energy.
36:41.4
It's not even needed to make the fog catcher.
36:43.6
I mean, the design itself will accumulate water.
36:49.6
So there's no need for any repair.
36:51.7
So the only thing that people need is to ensure that the materials that are being used are well-preserved.
37:01.9
And people should always make sure that, let's say, if there are strong winds that will come in this certain area,
37:10.2
there's a need for people to just adjust.
37:13.6
The structure itself.
37:14.7
So it's very easy to assemble.
37:18.1
At the same time, no need for any special technical capacity to make the system work.
37:28.1
And I know you tried this in Heights Farm in Atok, Benguet.
37:31.4
And has that program helped reduce reliance on traditional water sources like wells or distant rivers?
37:38.9
You know, how has it impacted the community?
37:43.6
Yes, well, right now, no, there's a lot of problem when it comes to well, other than the El Nino phenomenon that actually causes the low production of of specific vegetables, no, given that the Heights Farm is actually the salad bowl, considered a salad bowl farm in Benguet, given that's where most of the vegetable farming in Benguet per se had originated.
38:12.9
So in a way, other than the, well, when it comes to the technology itself, it's, I mean, it's, I mean, other than it's cost efficient, it's something that can be, it has made the water source be more stable because as compared to wells, no, the fresh water,
38:42.9
it's very scarce in the area because it's requires water pumping technology.
38:47.1
But for this one, you're tapping water source directly from the atmosphere where the highland area is, the highland farms are located.
38:58.7
So there, so it's easier not to generate water from, from, from, from the fogs rather than bringing up fresh water from, I mean, it's not just being pumped, but also it's being brought up.
39:12.9
From places where there's fresh water to the area.
39:16.8
So there, so that's actually an interest, the fact that I would like to share now to the public that fresh water has to be brought up to, to, to Heights Farm so that there's sustainable water source, but given the El Nino phenomenon, so there's a need for us to harness what's there.
39:36.4
Lastly, Kev, I mean, how can companies get involved with the fog capture program and, you know, maybe support its expansion?
39:42.9
Okay, so please do visit, no, actually we have our website, farmconnect.ph, okay?
39:53.5
So farmconnect.ph, you know, we actually showed, provided the platform wherein we're going to, of course, when company actually invests on the technology, it's not just investing directly on the technology to support the farms,
40:06.2
but also help them, will help them build a, well, possible team building.
40:12.9
For, let's say, their employees to assemble the actual fog capture at the same time, it will actually be part of the credits that they will be getting in their corporate social responsibility, ESG compliance.
40:28.2
So we're not just here to, let's say, rally the companies to help given this urgent need of the farmers, but also, you know, help them given their needs, no, to boost their sustainability, their achievement of sustainability growth.
40:42.9
So we're here to help both stakeholders, the farmers, the communities, and the industry.
40:52.3
So there's, so it's farmconnect.ph, yeah.
40:55.7
Oh, exciting. Thanks, Kevin. Martin de la Cruz, Chief Sustainability Officer of FarmConnect.ph. Kevin, thank you so much for joining us.
41:02.9
Thank you very much.
41:04.4
Now we're going on another quick break, but stay tuned as we come back.
41:08.0
State Auditors flag 8,000 gullyan Eastern Samar for millions in unnecessary.
41:12.9
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43:50.7
Now the Municipal Budget Officer has committed to COA to not allocate any amount in this year's budget to any department unless the situation warrants it.
44:03.8
Our next guest on the program is the Chancellor of the University of the Philippines Open University, Dr. Melinda de la Peña Bandalaria.
44:13.2
She joins us today on the studio to discuss how UPOU continues to help the continued learning and upskilling even of Filipinos with its open online courses.
44:25.3
We'll also talk to her about the 40th founding anniversary of UP Los Baños.
44:29.4
Dr. Bandalaria, welcome again to the program.
44:32.2
Good afternoon, Stanley, and good afternoon to our viewers.
44:35.2
Thank you for having me here again in your program. Thank you.
44:37.9
It's good to have you here. It's good to have a lot of people discover and know and find out more about.
44:43.2
UP Open University, it's been massively successful, if I may say so. Why do you think it clicked?
44:51.9
Well, probably because we're really advocating for openness, inclusion, and access.
44:59.4
Meaning to say that as much as possible, we avoid or we remove the barriers to learning opportunities.
45:06.4
So we have our degree programs all offered online.
45:11.0
So wherever you are in the world, you can.
45:13.2
You can enroll in our programs.
45:14.9
And we also have this massive open online courses.
45:19.4
No course fee, no admission requirements, not anything.
45:23.9
Anyone who is interested to enroll can be part of this learning opportunity and learning ecosystem.
45:30.5
So I think now that we are, many of us, all of us actually are advocating for openness, inclusion, access, lifelong learning for all as our sustainable development goal.
45:43.6
And I think that's the reason why there's so much interest when it comes to the courses of the UP Open University.
45:50.5
You know, it hasn't always been like this. You've been in operation for nearly 30 years.
45:55.3
You started as just a distance learning facility.
45:58.9
I think much of the acceleration into people getting more open or being more open to options like studying in an open university environment happened during the pandemic.
46:10.8
Yes, yes. Actually, yes.
46:13.2
As we know and as we observe, during the pandemic, every or all academic institutions were really forced to embrace online learning or otherwise they will close, right?
46:22.4
So everyone has to do it.
46:24.7
And because of that, there is this increased level of interest to online learning.
46:29.1
And many academic institutions also see it as another business model, another model for sustainability, another model by which they can be more agile, more flexible for whatever disruptions that we will face.
46:43.8
I mean, we have to take note that it's not just a pandemic that we have to worry about.
46:47.7
Hopefully, there will be no more pandemic during our lifetime, right?
46:51.6
And even after that.
46:54.4
But the thing is, we have typhoon, we have flood, we have all these natural calamities.
46:59.2
That really disrupt the learning process of our students.
47:02.0
If you're in a physical class environment.
47:03.7
Exactly. If you're in a physical environment, then there will be disruptions caused by these calamities, disasters, etc.
47:10.7
But if you are online, then you can continue learning as long as you have access to the internet, right?
47:16.6
But even then, I mean, we have offline materials, right?
47:20.9
I mean, the textbooks, the videos which are already recorded.
47:25.3
I mean, we can use the television.
47:27.1
So there are many ways by which we can reach.
47:29.1
I mean, we can reach our learners, even those who may not have this access to a stable internet connection.
47:38.8
Okay, Chancellor Bandelaria, correct me if I'm wrong.
47:41.3
I mean, the way I see it, the OU system suits best short courses, you know, continuous learning, sustainable learning.
47:50.0
But what about baccalaureate courses?
47:52.7
The time ever come that you will be offering purely OU baccalaureate degrees.
47:59.1
Yes, we have two full baccalaureate degree programs now on multimedia studies,
48:03.9
bachelor's in multimedia studies and bachelor in education studies.
48:08.1
But in addition to that, we have five associate programs which can also lead to a full bachelor's program.
48:17.0
So we have associate programs on digital entrepreneurship, digital design, instructional design, so all those things.
48:24.5
And after the two years, you can seek employment.
48:29.1
And because it's fully online, then you can work, you can study, you can get your full bachelor's degree.
48:34.3
So there should be no reason why anyone who is working or who cannot be in a traditional classroom cannot get a degree program.
48:44.2
Yeah, now that you brought it up, employment.
48:46.3
I mean, are employers now slowly warming up to the idea of getting graduates who did not go to a physical school?
48:54.0
In fact, we did a study years before about the satisfaction, employer satisfaction survey.
48:59.1
And they really recognized this important traits of graduates of online learning.
49:06.8
So like, for instance, the time management, the sense of self-responsibility, being an independent learner.
49:13.1
I mean, all these things are valued traits, especially if we think of the 21st century skills.
49:21.0
I mean, these are the soft skills, so to speak, communication skills.
49:24.0
So these are the valued skills nowadays that many employers need.
49:29.1
And they're also considering when they are hiring people.
49:33.8
So because we must admit it that what we are teaching now in terms of content may be obsolete three, five years from now, right?
49:43.1
But the core, the foundation of learning, the theories, and even that leaning towards lifelong learning should be there.
49:55.0
Because that's what we need nowadays.
49:56.9
Given the fast-changing work environment.
49:59.1
And the fast-changing technology that we have to use in the workplace.
50:03.5
So we have to continue learning.
50:04.8
And that is also what we are advocating at GPOU.
50:07.3
The lifelong learning thing.
50:08.5
You are really contributing to the fact that you're responding to this kind of generation, the demands of this generation.
50:14.6
And also, government, in fact, is cognizant of the fact that a lot of our graduates might need upskilling or even retooling.
50:24.1
And that is where an open university setup or system may come in handy.
50:29.1
Now, speaking of that, you've opened up the OU system to a lot of other courses through UPOU Model.
50:38.3
Okay, tell us more about this.
50:39.7
Okay, I was supposed to ask you, tell me your experience about it.
50:43.9
I took the course.
50:45.6
I took the course.
50:46.5
It was gender-sensitive.
50:48.0
It lasted for four weeks.
50:49.5
It was nice, very well put together.
50:52.2
It was easy to learn.
50:53.6
It was self-paced.
50:55.3
I don't know if that experience is the same for a lot of other employees.
50:58.1
Yes, actually, that's the kind of experience.
50:59.1
that we want all our learners to have, especially in those courses.
51:03.9
The one that you took is one of our massive open online courses that's free for everyone to be part of.
51:11.4
I mean, they can learn about gender sensitivity, and we have about 100 of them.
51:15.5
For this year, we prepared 24 of those courses, which we believe are to be the most in demand.
51:24.0
But right now, what we are integrating into this,
51:29.1
into that framework of massive open online courses, is the micro-credentialing.
51:35.2
That each course that you will take will have an equivalent credit unit,
51:38.8
which can be stackable towards a micro-certification,
51:44.0
like a micro-diploma, not a full master's degree, like that.
51:47.2
But you can stack these credits into a macro-certification.
51:52.6
This macro-certification can be equivalent to a course required by a degree program,
51:59.1
or it can be a one bigger certification, like on digital literacy, on digital transformation, on resilience.
52:07.7
So, we have all this, the range, the range of programs that we are offering
52:12.7
and anchoring it into the massive open online courses framework.
52:16.6
So, the one that you took is not yet under that framework.
52:20.8
It's still a massive open online course.
52:23.8
But the one that we are offering now on digital workplace competence,
52:29.1
will be part of a bigger certification on digital transformation.
52:34.7
So, pretty exciting times for OU.
52:37.4
Moving forward, you're celebrating 30 years in February next year.
52:42.1
Where do you see this going now?
52:43.9
Well, we're really hoping that we can have more courses,
52:46.8
that we can have more of these micro-credentialing things.
52:51.6
Because what we're really seeing here is that we are responding to the immediate needs of the industry.
52:57.2
Something like, if you are a student,
52:58.4
you don't have to wait for four years for you to apply what you have learned.
53:03.0
But immediately, you can apply, especially in the context of UPOU,
53:07.0
that most, if not all of our students, are already working.
53:11.5
So, there is an immediate application of what they are learning.
53:14.0
So, these are just two, three, four-week courses.
53:17.1
Yes, just like what you took.
53:17.7
But very substantial.
53:19.2
Very compact, very substantial, and very doable.
53:21.8
So, specific learning outcomes that will respond to the immediate needs of the industry.
53:26.6
And then, you stack them.
53:28.4
We hope to see more of that.
53:30.4
And right now, we are also intensifying the reach of UP Open University courses to OFWs.
53:37.4
To overseas Filipinos.
53:38.0
So, that's a good idea.
53:38.9
Because you have to reach out to a lot of Filipinos.
53:41.1
They don't necessarily have to be in the country to be able to avail of these courses.
53:45.2
So, we're intensifying our campaign so that our...
53:48.4
The OFWs will know more about these programs and learning opportunities.
53:52.2
So, there is this project or the program of the new president of UP, President Angelo Jimenez.
53:58.4
We call it the UP Vinta.
54:01.0
So, it's sailing, you know.
54:02.9
Our programs are sailing.
54:04.8
So, we're trying to reach more OFWs now through our online program.
54:08.2
So, we're really hoping that we can reach more.
54:10.5
We can have more programs through this mode of instruction.
54:14.2
Chancellor Bandelaria, unfortunately, we're running out of time.
54:16.9
One last question.
54:19.0
UPLB is celebrating a milestone, 40th founding anniversary.
54:23.7
Tell us about the activities very quickly.
54:25.4
Actually, it's the Los Paños Science Community Foundation.
54:28.4
Of which, I am also the president right now.
54:31.3
So, we are celebrating the 40th year of our establishment.
54:36.7
So, it's really an association wherein we really want to bring science and technology closer to the people.
54:43.3
And for them to see the benefits of science and technology to their everyday lives.
54:47.0
So, for the 40th anniversary celebration, we will be launching our strategic plan for 2024 up to 2028.
54:56.8
And it's really...
54:58.4
It's really geared towards more science and technology programs by the different member institutions.
55:05.4
We now have 25 member institutions in Los Paños.
55:08.9
UP Los Paños is one.
55:11.5
And there are other government agencies there in Los Paños.
55:15.3
So, we're joining forces so that all our services, science and technology services and products will be brought closer to the people.
55:22.8
Not only in Los Paños, but also in nearby communities.
55:26.0
On that note, Dr. Melinda de la Pena.
55:28.4
Melinda de la Pena, Bandelaria.
55:29.4
Thank you so much for joining the Business Roadshow today.
55:31.7
Yes, it's a pleasure.
55:32.1
Good luck with OU.
55:33.7
It's a pleasure to be here with you and to promote our programs to your viewers.
55:39.9
Thank you, thank you.
55:40.5
Thank you very much.
55:42.3
Manila's potential trade secrets among the sensitive information hackers may have access from the Philippine Customs Bureau.
55:49.2
Andrea Taguinas reports.
55:53.1
Contain the attack.
55:54.5
Limit the data breach.
55:55.6
That's the goal of the Philippine Department of Information.
55:58.4
and Communications Technology as it works with the Bureau of Customs in investigating a hacking incident against the Bureau.
56:05.3
DICT Undersecretary Jeffrey D. says it was the BOC's help desk ticketing system and management information dashboard that were affected by the breach.
56:15.1
A report by cyber advocacy group Deep Web Connect says these databases involved the personal information of over 2,000 employees and 80,000 BOC customers.
56:25.5
The information in the help desk ticketing system.
56:28.4
includes profiles of clients, and clients could either be importers, exporters, or brokers, licensed customs brokers.
56:36.8
According to D., information on cargo movements and potentially even some trade secrets may have been compromised as well.
56:44.4
May mga nagpo-float ng mga information about yung sinasabi mo nga about movement of cargos.
56:49.8
Because if there are issues, you call help desk.
56:51.8
It is possible that some of this information could be classified as trade secrets by the private sector.
56:58.4
or by these businessmen and traders.
57:01.5
The DICT's National Computer Emergency Response Team has yet to determine for sure how long the hacking has been going on and who is behind it.
57:09.9
But D. assured the public the BOC's main system was not infiltrated.
57:14.9
The main system is called the E2M or the Electronic to Mobile System.
57:20.0
Well, hindi yun yung tinamaan.
57:22.0
We will try our best to isolate the E2M.
57:25.5
Kasi yung E2M, nandun lahat.
57:27.1
May nakakopanekan sa ASEAN.
57:28.4
Single window, which connects all ASEAN countries.
57:32.5
It's like an advanced information system.
57:35.8
Meanwhile, Custom Spokesperson Jet Marunilla told ABS-CBN News,
57:39.8
there has been no disruption in the Bureau's operations.
57:43.7
Moving forward, D. again called on government agencies to heed the DICT's advice
57:48.4
whenever the agency's experts detect vulnerabilities in their networks to prevent any more hacking incidents.
57:54.9
Yung mga issues na nakikita natin na tinamaan ang BOC,
57:58.4
tinamaan ang DOST, tinamaan, you know.
58:01.7
Most of this, naibigay namin sa kanila in advance.
58:04.8
Nasabi namin, may nakidetect kaming vulnerability, baka tamaan kayo ng hacking.
58:09.3
Pagtuunan naman po natin ang pansin para dumating po yung panahon na mas kakaunti na yung mga ganitong atake.
58:15.0
Just last week, the DICT also confirmed a cyber attack on the Department of Science and Technology,
58:20.7
which resulted in a significant data loss.
58:23.0
Andrea Taguinis, ABS-CBN News.
58:28.4
Those are the latest in all things business.
58:30.0
I'm Denise Tinsay.
58:30.9
You can watch highlights, recaps, and exclusive content of our shows online.
58:35.1
And I'm Stanley Palizada.
58:36.7
Subscribe to the ANC YouTube channel, like us on Facebook, and follow us on Twitter.
58:39.9
Join us again tomorrow for another edition of the Business Roadshow.
