01:11.0
The military and the police assured their full loyalty to the Constitution,
01:15.9
shrugging off the call of Davao del Norte First District Representative Pantaleon Alvarez
01:20.4
for the Armed Forces of the Philippines to withdraw its support.
01:24.1
President Ferdinand Marcos Jr.
01:26.5
In a political rally in Tagum City on Sunday night,
01:29.7
Alvarez claimed such an act would allow the country to attain peace and stability.
01:34.5
Please withdraw your support to the Chief Executive.
01:41.9
Pag po nag-withdraw kayo ng supporta sa kanya,
01:45.8
ibig sabihin, sinusuportahan nyo ang provision sa saligang batas
01:52.3
na to protect the peace.
01:54.1
People and the state. Yan po ang pinakamahalaga dyan.
01:59.4
Pag po nag-withdraw kayo ng suporta sa kanya, wala na siyang ibang magagawa kundi bababa sa pwesto niya.
02:07.4
Alvarez made the call after noting the rising tensions between Manila and Beijing in the West Philippine Sea.
02:14.0
He reminded the AFP of its duty to protect the people and the state.
02:18.2
Basahin niyo yung saligang batas. Ako pa ulit-ulit kong binasa yan.
02:24.2
Wala akong makita na nakalagay sa saligang batas na sinasabi,
02:31.0
The Armed Forces of the Philippines shall protect the Commander-in-Chief.
02:38.3
Ang nakalagay sa saligang batas ganito,
02:41.5
The Armed Forces of the Philippines shall protect the people and the state.
02:47.5
Pag sumabog ang gulo sa West Philippine Sea,
02:51.4
there will be countless,
02:58.3
There will be unimaginable destruction.
03:03.9
Famine, hunger, mangyayari po yan.
03:08.3
The AFP reiterated its strict adherence to the chain of command where the President serves as the Commander-in-Chief.
03:14.9
The military also assured the public that it remains dedicated to its mandate regardless of individuals in authority.
03:21.7
The AFP reiterated its strict adherence to the chain of command where the President serves as the Commander-in-Chief.
03:23.4
It reiterates our unwavering commitment to professionalism,
03:27.2
loyalty, and of course to the Constitution,
03:29.3
and our strict adherence to the chain of command.
03:32.2
Our soldiers, our pilots and our sailors and our marines
03:36.3
remain dedicated to our mandate of safeguarding the sovereignty and editorial integrity of the Philippines,
03:42.8
regardless of any political affiliations and poor individuals in authority.
03:49.6
Our duty is to protect the Filipino people
03:52.3
and to uphold the rule of law, ensuring that peace and development will prevail throughout the nation.
04:00.2
We will continue to fulfill these responsibilities with integrity, impartiality, and utmost dedication.
04:08.0
The Philippine National Police said, while it respects freedom of expression,
04:12.0
it does not want to be caught in the middle of these political statements.
04:22.3
Meanwhile, his colleagues at the House of Representatives lashed out at Alvarez.
04:46.1
Surigao del Sur Representative Johnny Pimentel said,
04:49.5
the remarks made by Alvarez are uncalled for,
04:51.7
and he's tantamount to an act of sedition or rebellion.
04:55.6
Lanao del Norte Representative Khalid Dimaporo warned,
04:59.1
Alvarez could face an ethics panel probe on his recent statements against Marcus Jr.
05:04.5
Camiguin Representative Jordin Jesus Romualdo, for his part,
05:08.1
called on the Justice Department to investigate the former speaker
05:11.5
for what he described as seditious statements and to file the necessary charges.
05:16.3
The PNP, for its part, said its legal officers will look into whether Alvarez's statement
05:21.7
could be considered seditious.
05:23.6
Well, pag-aaralan po natin yan ng ating mga legal officers po and other concert units po
05:30.0
if those statements may be considered as a seditious statement.
05:35.5
But for now po ay hindi po tayo po na hantong sa mga ganyang usapin po
05:41.1
dahil sabi po nga ay we will see, we will only talk po kung ano pong magiging sitwasyon po
05:47.7
in terms of peace and security.
05:54.5
Philippine President Marcus Jr. claims he's on good terms with Vice President Sara Duterte,
06:00.5
but he admits it's a different story with the Vice President's father,
06:04.7
former President Rodrigo Duterte.
06:07.2
We have this report.
06:10.7
It's complicated.
06:12.6
That's how President Ferdinand Marcus Jr. describes his relationship right now with the Duterte clan
06:18.1
as the Philippine leader and his predecessor,
06:20.6
former President Rodrigo Duterte,
06:23.4
continue to clash on various national issues from charter change to the West Philippine Sea.
06:29.5
It's complicated.
06:35.9
It's complicated.
06:37.4
But if you ask about the one, of course, that I have the most contact with is Inday Sara.
06:46.8
And how we were with each other during the campaign,
06:50.6
and after the election, it hasn't really changed.
06:53.9
But despite a recent falling out with the Dutertes,
06:56.8
the President, during a forum of the Foreign Correspondents Association of the Philippines, says
07:01.5
his administration remains firm that it will not hand over Duterte to the International Criminal Court.
07:07.7
This as he insists that the ICC does not have jurisdiction over the Philippines.
07:12.8
We don't recognize the warrant that they will send to us.
07:17.2
It is the rule of ICC.
07:19.3
That they come in when there is no judiciary.
07:22.5
They come in when there is no police force.
07:25.2
We have a judiciary.
07:27.2
The Chief Justice, the former Chief Justice is sitting right here.
07:30.3
He will explain to you how healthy and robust and how active the judiciary is.
07:39.8
The police force, I think, the same thing.
07:42.4
Meanwhile, during the forum,
07:43.6
the President announced that the Philippines will no longer give the United States access
07:48.2
to more military bases.
07:49.3
to more military bases in the country under the Enhanced Defense Cooperation Agreement, or EDCA.
07:54.1
The Philippines has no plans to open or to establish more EDCA bases.
08:01.8
The Philippines has designated a total of nine EDCA sites
08:05.2
in various strategic military bases in the country,
08:08.0
which allows the U.S. to position its facilities and equipment there.
08:12.3
These are reactions to what has happened in the South China Sea,
08:15.9
to the aggressive actions that we have had to deal with.
08:19.3
The water canoning, the lasers, the collision,
08:25.0
the blocking of our fishermen,
08:30.1
the putting of barriers across Scarborough Shoal.
08:34.9
This is a reaction to that.
08:37.4
This did not cause that.
08:39.0
That happened before we had EDCA.
08:41.4
When asked about his family's ill-gotten wealth,
08:44.8
the President says that he is leaving it to his lawyers to handle these cases.
08:49.3
Including the contested $40 million Arelma asset of the Marcos's.
08:54.3
It's hard for me to answer.
08:55.6
I really haven't looked at it in years.
08:59.3
And I would advise you to talk to the lawyers that are handling it
09:03.4
because I'm not being specious or anything like that.
09:07.8
Matagal ko na hindi narinig yung pangalan na Arelma.
09:10.3
The previous cases, the cases that were filed post-1986,
09:14.8
I have not touched.
09:19.3
It will be highly improper for me to involve myself in that.
09:24.9
Besides, I don't have the time to do it.
09:26.9
So I leave it to the lawyers.
09:28.7
As to whether the President will apologize to victims of atrocities
09:32.3
committed under his father's martial rule,
09:35.0
Marcos Jr. says it is not his duty as Philippine leader to be involved,
09:39.6
adding that it is a personal matter for the Marcos family.
09:42.7
But you are a member of the Marcos family.
09:46.0
But my role as President is more important right now
09:49.2
than my role as a member of the Marcos family.
09:51.9
So I take that, that's my first priority.
09:55.1
According to the data of Amnesty International,
09:57.5
over 100,000 Filipinos were killed, imprisoned or tortured
10:01.7
under the martial law regime of the President's late father,
10:05.7
President Ferdinand Marcos Sr.
10:10.2
The Philippine Coast Guard insists the country has the right to do research
10:14.4
in the vicinity of the disputed Scarborough Shoal.
10:17.6
The Coast Guard statement comes after...
10:19.2
...after a Philippine research mission was shadowed by Chinese Coast Guard vessels.
10:24.1
Michael Delizo reports.
10:27.7
This satellite image released by Ray Powell of Maritime Transparency Project Sea Light
10:32.3
early Sunday morning shows a China Coast Guard vessel sailing just 35 nautical miles
10:37.3
near the coastline of Luzon.
10:40.1
It was shadowing the National Matting and Resource Information Authority vessel,
10:44.2
BRP Hydrographer Ventura, and its Philippine Coast Guard escort,
10:47.5
the BRP Gabriela Sila.
10:49.2
The Philippine vessels are on a week-long research mission
10:52.3
in the north of Bajo de Masinlok or Scarborough Shoal.
10:56.1
The vessels barely moved for at least eight hours.
10:59.3
Powell said China was blocking the path of the Philippine vessels.
11:03.6
After a few hours, all three ships were seen heading to the north of Bajo de Masinlok.
11:08.4
On Monday morning, China is still tailing the research mission.
11:12.2
The PCG and National Security Council confirmed that China is tailing
11:16.3
and monitoring the research mission,
11:19.2
that the PCG vessel has not blocked the Philippine vessels.
11:21.6
What China is doing is shadowing.
11:27.3
There is no interference, there is no standoff, there is nothing.
11:31.3
It is just a normal day at the West Philippines.
11:34.5
Coast Guard Commander Jay Tariella insisted the Philippines' right
11:37.4
to carry out research in its territory
11:39.5
within the 200 nautical miles exclusive economic zone
11:42.6
as ruled by the 2016 Arbitral Award.
11:45.7
And yet, China Coast Guard vessel is there,
11:48.6
and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there, and it is there.
11:49.2
It's there, and it's there, and it's there, and it's there, and it's there, and it's there, and it's there, and it's there.
11:49.2
It's there, and it's there, and it's there, and it's there, and it's there, and it's there, and it's there, and it's there.
11:49.3
...the Chinese are covering our presence
11:50.2
within our own exclusive economic zone.
11:53.3
It's not true what China says,
11:55.6
that they are only deploying their vessels
11:59.3
to those areas where we don't agree
12:01.8
with the order of the General's Agreement.
12:05.0
Tariella was referring
12:06.2
to former President Rodrigo Duterte's supposed deal
12:09.1
with Chinese President Xi Jinping
12:10.9
to keep the status quo at Ayungin Shoal,
12:13.5
where the aging BRP Sierra Madre is located.
12:16.4
Meanwhile, Tariella said,
12:17.7
about 12 Filipino fishing boats,
12:19.2
are currently at Bajo de Masinlok
12:21.0
but there were also Chinese fishing vessels
12:23.1
or militia vessels and two
12:25.2
CCG vessels in the area.
12:27.2
Right at this very moment, our fishermen
12:29.4
are fishing in the vicinity
12:31.4
of Bajo de Masinlok and there is
12:33.5
no interference, there is no untoward incident.
12:36.2
But to be honest with you,
12:37.5
of course, hindi naman ang pag-a-attempt
12:40.8
The Coast Guard official also branded as illogical
12:43.7
Davao City Mayor Sebastian
12:45.5
Duterte's claim that the narrative
12:47.4
on the disputed waters was mere propaganda
12:49.7
and was meant to encourage the
12:51.5
Philippines' involvement in a possible
12:53.3
war between China and the US.
12:55.5
It doesn't make any logical
12:57.4
argument. The West Philippine Sea issue
12:59.3
has already been decided by the
13:01.2
Arbitral Court. The mere fact that this
13:03.3
was already decided by
13:04.7
an international arbitration
13:07.2
court, our problem, the West
13:09.4
Philippine Sea really with China is really
13:11.4
existing. We relied on our
13:13.4
embedded journalists to amplify
13:15.2
our transparency in the West
13:17.4
Philippine Sea, can be able to
13:19.3
testify what is really happening
13:21.3
in the West Philippine Sea. Philippine fishermen
13:23.0
still complain about the harassment of
13:25.3
the Chinese Coast Guard
13:26.9
and the Chinese Maritime Militia.
13:29.2
These are not propaganda. These are
13:31.3
factual narratives that are
13:33.2
really happening that we are all experiencing.
13:35.7
I don't see any reason why
13:39.3
elected official at that will be able
13:41.3
to mention a national
13:44.5
issue that we are all facing.
13:47.4
As a mere propaganda.
13:49.0
Meanwhile, the United States has announced plans
13:51.4
to increase military support for the
13:53.4
Philippines, including efforts to upgrade
13:55.4
the capabilities of the armed forces of
13:57.3
the Philippines. US Defense
13:59.3
Secretary Lloyd Austin said,
14:01.1
US President Joe Biden is seeking
14:05.1
congressional allocation budget to execute
14:07.4
projects for EDCA sites in the
14:09.2
Philippines. Austin also expressed his
14:11.2
support for Philippine military modernization
14:13.4
and commitment for the increased
14:15.4
frequency of combined maritime activity
14:17.4
like joint patrols to
14:19.3
support Manila's lawful exercise of its
14:21.3
rights in the West Philippine Sea.
14:29.3
the Philippines broke not one
14:31.1
but three arguments or
14:32.9
agreements concerning the Ayungin
14:35.2
Shoal. Philippine President Marcus
14:37.1
Jr. believes there is some truth to
14:39.1
China's statements while some
14:41.0
lawmakers want to know details of
14:43.1
an alleged secret deal with
14:45.0
Beijing. Zen Hernandez reports.
14:47.4
China's embassy in the Philippines
14:51.2
claims the Philippines reneged
14:53.4
on not just one but three
14:55.6
promises. The first
14:57.4
was the alleged promise to tow away
14:59.4
the BRP Shera Madre after
15:01.5
it was grounded in Ayungin Shoal
15:03.3
in 1999, something
15:05.5
that was already denied by
15:07.4
the Philippine government. Then there
15:09.4
was Duterte's gentleman's agreement
15:11.2
which China also claims
15:13.3
was still being observed during
15:15.3
the first few months of the Marcus
15:17.4
administration until it
15:19.3
ceased in February
15:20.9
2023. And finally,
15:23.7
the embassy claimed that the
15:25.3
Philippines agreed to a new
15:27.2
model of managing the Ayungin
15:29.5
Shoal situation, which the
15:31.4
Marcus administration again
15:33.2
allegedly failed to
15:35.3
comply with. During a forum
15:37.5
with the Foreign Correspondents Association
15:39.4
of the Philippines, President
15:41.1
Ferdinand Marcus Jr. says he
15:43.3
sees no reason for China
15:45.2
to make up the supposed secret
15:47.4
agreement entered into by
15:51.3
Why did you keep it secret?
15:54.8
one single document
15:57.6
that contains that
15:59.4
agreement? Why is there not
16:01.5
one shred of evidence
16:03.1
that can show that this agreement
16:07.4
we did the transition period between
16:09.5
the previous administration to this
16:11.2
administration, did no one
16:13.0
mention a secret agreement?
16:15.6
These are very simple questions.
16:17.4
But I'm finding a great deal
16:19.7
of difficulty finding answers for them
16:21.4
because I hear one thing
16:23.8
and another thing and another thing
16:25.3
and another thing. It's all
16:28.4
maraming palusot.
16:32.2
In other words, I don't know how to translate
16:33.6
that in English, but maraming palusot.
16:36.1
But when asked whether former
16:37.7
President Duterte could be held legally
16:39.8
liable for entering into such
16:41.8
a deal, the President doesn't
16:43.7
think so. I cannot see
16:45.7
how they could possibly be legally liable.
16:47.4
There is no evidence of any
16:49.7
agreement. Meanwhile,
16:51.6
the House of Representatives intends
16:53.6
to find out more about the allegedly
16:55.7
secret and verbal
16:57.4
status quo agreement that former
16:59.5
President Rodrigo Duterte entered
17:04.8
we will give an invitation
17:09.7
President Duterte
17:12.4
the one who talks about China.
17:15.1
Even if it's water and food,
17:17.4
we saw that in the past,
17:19.3
water is still being bombed.
17:21.4
The water cannon is still being
17:27.2
So, China is really
17:28.8
strong in doing this
17:33.7
their secret agreement
17:37.4
The House of Representatives also
17:39.4
plans to summon other former government
17:41.7
officials. Former Presidential
17:43.5
Spokesperson Harry Roque says
17:45.4
he will cooperate knowing
17:47.3
that the Duterte administration
17:49.0
simply tried to prevent a
17:52.6
We renounce war as an instrument
17:55.2
of foreign policy.
17:56.6
Yan po ay constitutional and within the powers
17:59.1
of the President as Chief Architect
18:01.0
of Foreign Policy.
18:02.6
Former Supreme Court Associate Justice
18:04.7
Antonio Carpio warns, China
18:07.0
wants a union shul to establish
18:09.1
the 10-dash line as its
18:10.9
national boundary. If this happens,
18:13.1
the Philippines will lose 80%
18:15.5
of its exclusive economic
18:17.2
zone while having an even
18:19.1
bigger and closer threat
18:21.2
to its very territory.
18:26.6
is a dagger pointed at our heart.
18:31.3
to have a blocking force
18:33.3
and the blocking force will be in
18:37.1
And we cannot afford China to get
18:39.1
a union shul kasi
18:40.6
palapit ng palapit yan sa Palawan.
18:43.6
Carpio is also calling on
18:45.3
the Philippine government to be united
18:47.2
in its position and not to
18:49.2
give in to intimidation.
18:52.2
The Department of Foreign
18:53.3
Affairs also asserted,
18:55.2
the Philippines has sovereign rights
18:57.1
and jurisdiction in a union shul
18:59.3
which is within the exclusive
19:01.2
economic zone of the country.
19:09.1
plans to set up new military bases
19:11.4
along its eastern seaboard.
19:13.6
The Philippine Military Chief General
19:15.1
Romeo Browner Jr. says this is
19:17.2
part of a comprehensive
19:18.2
archipelagic defense concept.
19:21.1
This entails developing the country's
19:22.7
capability to defend its territory
19:24.9
and exclusive economic zone.
19:27.3
General Browner says the military's
19:29.0
proposed 2025 budget
19:30.6
already includes funding for the new bases.
19:34.6
The Philippine National Police says
19:36.9
it is widening its manhunt
19:38.7
for fugitive televangelist Apollo Kibuloy.
19:42.0
Police spokesperson
19:42.9
Jean Fajardo says they are combing
19:44.8
through the places Kibuloy allegedly
19:47.0
frequented. The passer remains
19:49.3
at large despite a Senate arrest
19:51.2
order for snubbing committee hearings
19:53.2
and a Davao court arrest warrant
19:55.3
for charges of child abuse.
19:59.4
Tuloy-tuloy pa rin po yung gagawin po
20:01.2
nating paghahanap. Hindi na lamang po ito
20:03.0
limitado sa Davao region.
20:04.9
No less than our president assured
20:06.9
si Pastor Kibuloy na
20:08.8
he will be treated fairly
20:10.8
dito po sa kaso po na ito.
20:12.7
I think it will be in his best interest
20:17.0
na lamang po itong kasong isinampap po sa kanya.
20:20.9
Senator Risa Ontiveros
20:22.5
is urging the police to revoke
20:24.4
and cancel Kibuloy's license
20:26.3
to own and possess firearms.
20:29.2
Ontiveros believes Kibuloy
20:30.6
should be considered armed and dangerous
20:33.0
since he has 19 registered
20:37.3
A two-day transport
20:38.9
strike is launched by Philippine
20:40.7
jeepney groups to protest an impending
20:43.0
deadline in the government's modernization
20:44.9
program. Manibela and Pistola
20:47.0
staged a protest caravan
20:49.1
in Quezon City. They are demanding
20:51.1
that transport regulators reconsider
20:53.2
the April 30 deadline
20:54.7
for jeepney operators to consolidate
20:56.9
their franchises. At least
20:58.8
20,000 drivers and operators
21:00.8
are expected to go on strike.
21:05.2
the UN chief wards of a
21:06.8
full-scale conflict in the Middle East
21:08.9
following Iran's retaliatory attack
21:11.0
on Israel. The world tonight
21:12.9
returns after a short break.
21:17.0
We're back on the world tonight.
21:44.9
Israel's war cabinet reconvened.
21:47.0
It's time to discuss how to respond
21:48.6
to Iran's attacks. Meanwhile,
21:51.2
four Filipino crewmen on a vessel
21:52.9
seized by Iran are deemed safe.
21:55.5
Willard Cheng reports.
21:59.4
Israel called on the
22:00.8
international community to condemn Iran
22:03.1
for its attack on the evening of
22:04.8
April 13 and called for sanctions
22:07.1
against the Iranian Revolutionary
22:09.0
Guard Corps, which Israel alleged
22:11.1
was behind the hijacking of
22:12.9
the Portuguese civilian cargo ship
22:14.7
MSC Addis near the Strait of
22:17.0
Hormuz, with four Filipino seafarers
22:20.6
What we have seen last
22:23.8
is a continuation
22:28.3
massacre by Hamas,
22:30.9
which is an Iranian proxy.
22:33.1
And the challenges
22:34.6
Israel is facing in this
22:37.0
region have to be
22:38.5
understood by the international community
22:42.8
to see the international community
22:47.0
and promote sanctions
22:50.2
Iranian Revolutionary
22:56.0
The Department of Foreign Affairs
22:57.5
issued a statement expressing
22:59.4
the Philippines' serious concern
23:00.9
over increasing tensions between
23:03.0
Israel and Iran, and urged
23:05.2
parties to refrain from escalating
23:07.0
the situation and to work towards
23:09.2
a peaceful resolution of the conflict.
23:11.6
UN Secretary General Antonio
23:13.4
Guterres also called for maximum
23:15.2
restraint, with the Middle East's
23:17.0
now on the brink of a devastating
23:19.0
full-scale conflict.
23:21.0
I stated the following last night
23:25.0
I strongly condemn the serious
23:27.0
escalation represented by the
23:29.1
large-scale attack
23:31.2
launched on Israel
23:33.0
by the Islamic Republic of Iran,
23:34.9
and we have a shared responsibility
23:36.7
to actively engage all parties
23:39.5
concerned to prevent
23:41.6
further escalation.
23:45.3
Friendly Relations Declaration of
23:47.0
the 1970s states,
23:49.0
acts of reprisal involving
23:51.0
the use of force are
23:53.0
bared under international law.
23:59.0
to secure an immediate humanitarian
24:01.0
ceasefire in Gaza,
24:03.0
the immediate and unconditional release of all
24:05.0
hostages, and the unimpeded
24:07.0
delivery of humanitarian aid.
24:09.0
The DFA and the Philippine Migrant
24:11.0
Workers Department meanwhile assure the public
24:13.0
the four Filipinos on board
24:15.0
the seized vessel are safe.
24:17.0
They are safe and sound
24:19.0
according to the shipping agency.
24:21.0
They were told by the Iranians
24:23.0
that they have a hold on them
24:25.0
and that they will be taken away
24:28.0
Our crew are still on board.
24:31.0
They did not get off the ship.
24:34.0
They are safe and sound
24:36.0
at the last minute.
24:38.0
we still ask for the opportunity
24:41.0
for them to talk,
24:43.0
especially their relatives.
24:45.0
No Filipino in Israel has yet
24:47.0
expressed the desire to come home.
24:49.0
But the DFA said it stands ready
24:51.0
to repatriate Filipinos should
24:53.0
there be a need to do so.
24:55.0
We ask them not to go home.
24:58.0
But we are ready to ask the government
25:00.0
if they want to go home,
25:02.0
we will help them to repatriate.
25:04.0
The Filipinos have nothing to say about us.
25:06.0
The embassy is preparing
25:08.0
the mass repatriation.
25:10.0
The Philippine Embassy in Israel
25:12.0
has said that they are ready to repatriate
25:15.0
The embassy in Israel has meanwhile
25:17.0
posted videos to remind Filipinos there
25:19.0
what to do in case of rocket alerts
25:21.0
outside their homes.
25:22.0
Speaking to reporters from Jerusalem,
25:24.0
Ambassador Flues ensured the safety
25:26.0
of Filipinos in Israel
25:28.0
as he pointed out the defense mechanisms
25:30.0
in place to intercept the attacks
25:33.0
Flues added the Israeli economy
25:35.0
is open and functioning
25:37.0
and that the country remains open
25:40.0
And as I said before,
25:42.0
you can see that the Israeli economy
25:44.0
and the Israeli society,
25:45.0
everything is fully functioning.
25:47.0
And I'll be happy to present this
25:49.0
to any relevant and interested
25:52.0
authorities of the Philippines
25:55.0
and Filipino decision makers
25:59.0
But at the end of the day,
26:01.0
I fully respect the decision
26:02.0
of a sovereign country
26:03.0
on how to approach
26:04.0
to their own citizens.
26:06.0
Israel said its defense
26:08.0
and a defense coalition
26:09.0
of international partners
26:11.0
managed to intercept and stop 99%
26:13.0
of the Iranian launches.
26:15.0
Willard Cheng, ABS-CBN News.
26:43.0
Thank you very much.
27:13.0
The 40-year-old Kouchi
27:14.0
had a history of mental illness.
27:23.0
Oil prices fell Monday
27:24.0
after Iran's weekend attack on Israel.
27:27.0
Brent crude was lower
27:29.0
but still trading close to $90 a barrel
27:32.0
In the Philippines,
27:33.0
fuel retailers are raising pump prices
27:35.0
again on Tuesday.
27:36.0
Gasoline will go up 40 centavos per liter
27:39.0
while diesel will increase
27:41.0
by nearly one peso.
27:42.0
Clean fuel CEO Bongson Tai
27:44.0
says another price hike
27:45.0
is expected next week
27:46.0
due to the Middle East tensions.
27:50.0
Philippine shares joined
27:51.0
the regional downswing on Monday
27:53.0
as traders await developments
27:55.0
on the war in the Middle East.
27:57.0
Michelle Ong reports.
28:00.0
Equities in Asia slid to a six-week low
28:03.0
on Monday as traders de-risk,
28:05.0
grappling with the escalating tensions
28:07.0
in the Middle East
28:08.0
following Iran's massive aerial attack
28:10.0
on Israel over the weekend.
28:12.0
Investors also still feeling the gloom
28:14.0
from disappointing bank earnings
28:16.0
and the prospect of the Federal Reserve
28:18.0
keeping rates higher for longer.
28:21.0
Philippine shares not spared
28:23.0
from the bloodbath,
28:24.0
down for an eighth day
28:25.0
with a Philippine stock exchange index
28:27.0
falling 1.4 percent.
28:29.0
The market is currently
28:30.0
in a corrective phase.
28:32.0
Six percent down,
28:33.0
just six percent down though
28:35.0
from the 7,000 level.
28:38.0
However, with the backdrop
28:39.0
of sticky inflation
28:40.0
that we saw in the last few days,
28:41.0
or in the last two to three months,
28:45.0
currently increasing global oil prices
28:48.0
due to the renewed conflict
28:50.0
in the Middle East,
28:52.0
and more importantly,
28:53.0
the next Fed meeting
28:55.0
where it may possibly start
28:57.0
to shift its policy
28:59.0
is at least two months away.
29:02.0
In corporate stories,
29:03.0
Abra Mining, its officers,
29:06.0
and some stockholders
29:07.0
slapped with a total of
29:08.0
560 million pesos in fines,
29:11.0
for the unauthorized
29:12.0
and fraudulent trading
29:13.0
of unissued and unlisted shares
29:15.0
from 2015 to 2019.
29:18.0
The case stems from discrepancies
29:20.0
in Abra Mining shares lodged
29:22.0
with the Philippine Depository
29:23.0
and Trust Corporation,
29:25.0
which were in excess
29:26.0
of the number of listed,
29:27.0
registered, issued,
29:28.0
and subscribed shares submitted
29:30.0
in the company's filings
29:32.0
The regulator cites
29:33.0
illegal issuances of AR shares
29:35.0
totaling 169.05 billion shares,
29:38.0
covering 474 stock certificates,
29:41.0
which were found to have been made
29:42.0
from 2015 to 2019.
29:44.0
These illegally issued shares
29:46.0
were lodged and traded on the PSC
29:48.0
in numerous transactions.
29:52.0
in aggressive fundraising mode
29:54.0
after his Citicor Energy REIT
29:56.0
got a fresh 5 billion peso investment
29:58.0
from the SM Group.
29:59.0
His construction firm Megawide
30:01.0
is looking to raise
30:02.0
up to 5 billion pesos
30:03.0
from a peso fixed-rate bond offer
30:05.0
which will be done
30:06.0
in up to three series,
30:07.0
a three-, five-, and seven-year series.
30:10.0
Michelle Long, ABS-CBN News.
