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00:00.0
...investigation by the Justice Department for his supposedly seditious statements.
00:08.3
Philippine President Marcos Jr. touts the zero casualties in a multi-billion peso drug bust in Batangas province.
00:17.2
The first day of the historic criminal trial of former U.S. President Trump fails to assemble a jury.
00:23.4
And Iran warns of a severe response if Israel will launch a retaliatory attack.
00:48.9
Good evening, I'm Tony Velasquez.
00:51.1
And I'm Diego Cheres.
00:52.3
On our broadcast...
00:53.4
On our broadcast tonight, a Justice Department investigation of Philippine Congressman Pantaleon Alvarez.
00:59.1
The former speaker had urged the military to withdraw support for President Marcos Jr., but he denies his call was seditious.
01:06.9
Vivian Guglia has tonight's top story.
01:11.1
Please withdraw your support to the chief executive.
01:17.0
This call from Davao del Norte First District Representative Pantaleon Alvarez will be the subject of an investigation.
01:23.4
This call is ordered by Justice Secretary Jesus Crispin Remulia.
01:26.9
Remulia says the probe will determine whether the lawmaker's remark has risen to the level of the crimes of sedition, inciting to sedition, or rebellion.
01:35.7
Philippine law defines sedition as rising publicly and tumultuously to, among others, prevent the government or a government official from performing their duties.
01:46.0
Rebellion, meanwhile, is rising publicly and taking arms against the government.
01:50.7
But Alvarez defended his remarks.
01:52.9
denying it falls under these crimes.
01:55.6
He stressed that his call was for a peaceful withdrawal of support,
01:59.5
adding that it was protected by freedom of speech.
02:02.6
Alvarez, who is an ally of former President Rodrigo Duterte,
02:06.1
issued the call to the armed forces of the Philippines in a rally in Tagum City last Sunday,
02:11.2
expressing concerns that President Marcos Jr.'s policies in the West Philippine Sea
02:15.8
risk further escalating tensions with China.
02:22.9
Erwisyo, maraming buhay na mawawala.
02:26.7
Okay naman ako, imbistigahan, kasi alam naman natin yung elements ng crime ng sedition at saka ng rebellion.
02:34.2
Pag binasa natin yung crime ng sedition, talagang nakalagay doon na may kakibat na yung violence.
02:42.6
Wala namang violence na nangyari.
02:44.4
Inciting to sedition, ako nanindigan pa rin na walang ganoon.
02:51.3
Nasa Bill of Rights yan.
02:52.9
It is simply a simple unpetition of the government for the dress of grievances.
02:57.7
House leaders also condemned Alvarez's remark,
03:00.6
which they say undermined the stability of the government and the rule of law.
03:04.3
House Majority Leader Manuel Jose Manix de Lipe called for legal action against Alvarez,
03:10.3
while Cagayan de Oro 2nd District Representative Rufus Rodriguez believes
03:13.9
such statement could trigger an ethics complaint against his fellow lawmaker from Mindanao.
03:19.2
I called for, especially from an elected official,
03:22.9
in the House of Representatives to be calling for withdrawal of support.
03:27.3
That is really rebellion.
03:29.2
That is really seditious that they will withdraw support to our incumbent president
03:34.3
who has demanded of the people to govern our country as president.
03:38.0
If others are minded, then that can be a basis for a complaint in the Ethics Committee.
03:43.9
Alvarez maintains he did nothing that constitutes disorderly conduct
03:47.9
under the rules of the House of Representatives.
03:50.2
Under the House rules, the House may...
03:52.9
upon the recommendation of the Committee on Ethics,
03:55.5
punish its members for any violation of the Code of Conduct and for disorderly behavior.
04:00.3
The former House Speaker expressed readiness to respond
04:03.5
should complaints be filed against him.
04:18.9
Alvarez appealed for understanding if anybody was hurt by his remark,
04:22.9
but he stands by his statement.
04:24.7
I was hurt, but to say that I made a mistake in what I said, I didn't make a mistake.
04:32.6
That's what I really want to say.
04:34.8
The Philippine Navy has directed the 9th Marine Brigade to conduct an investigation
04:38.9
and ask Alvarez, a Marine Reservist, to explain the statement he issued.
04:43.8
The Navy took exception to Alvarez's remark and reiterated its support and loyalty to the Constitution,
04:49.8
the chain of command, and the president as a commander-in-chief.
04:52.9
Vivian Gulia, ABS-CBN News.
05:22.9
The French Navy is sailing with the Philippines and the U.S. in this year's exercises.
05:30.0
Balikatan 2024 Executive Agent Michael Lohico says
05:33.7
the three navies will hold multilateral maritime exercises in the waters of Palawan Province.
05:40.4
Lohico notes this year's Balikatan is expected to be the biggest ever.
05:45.8
Another swarm of Chinese vessels is seen in the West Philippine Sea.
05:50.2
The Philippine Navy says 55 Chinese...
05:52.9
These vessels were spotted Monday afternoon near Philippine-occupied islands and features.
05:58.5
This is higher than the 46 Chinese ships recorded in the West Philippine Sea on April 10th.
06:03.8
The Navy says it is currently sending rotation and resupply missions to eight West Philippine Sea features.
06:09.8
It is still planning a resupply mission to the Ayungin Shoal,
06:13.1
where the derelict Navy ship BRP Charamadre serves as its outpost.
06:18.7
Philippine President Marcus Jr. lauds the recent success...
06:22.9
...of the biggest drug haul in the country's history.
06:25.6
He says the operation in Batangas Province proves a bloodless campaign against illegal drugs is possible.
06:32.6
We have this report.
06:36.6
President Ferdinand Marcus Jr. on Tuesday personally inspected the almost two tons of shabu
06:42.0
seized by police authorities in Alitagtag Town in Batangas,
06:46.1
considered to be the biggest drug haul in Philippine history.
06:49.3
Local police on Monday intercepted the drugs in a checkpoint...
06:52.9
...on the highway of Pinacruzan Village Monday morning as it was being transferred in a closed van.
06:58.6
The driver was immediately arrested as police investigate the source of the drug shipment and the people behind it.
07:04.8
When the PMP was tested, the shabu was tested with very high quality, very high potency.
07:17.9
That means the ones that were removed, where they came from,
07:22.9
where they were brought from, the origin of the drug,
07:26.0
they are still being investigated.
07:28.0
That's why the operation is ongoing.
07:30.0
We will let the police do their job first,
07:33.2
all together with the attached agencies of PDEA and the Dangerous Drugs Board.
07:41.9
We are working together so that this case can be completed.
07:45.5
We will know where the shipment of this shabu is.
07:50.1
In an interview, Marcus Jr. said,
07:52.1
In an interview, Marcus Jr. said,
07:52.6
Marcus Jr. said that the seizure and arrest of the suspect is proof that the administration's bloodless approach to the drug war is working.
07:59.8
I would like also to point out that this is the biggest shipment of shabu na nahuli natin.
08:06.8
But not one person died.
08:10.8
Walang namatay, walang nagputukan, walang nasaktan.
08:16.8
Basta't inoperate natin na dahan-dahan, yun naman dapat ang approach para sa akin.
08:21.8
Yung da pa't ang approach sa drug war.
08:22.8
Yung da pa't ang approach sa drug war na ang pinaka-importante is matigil natin ang pag-ship ng mga,
08:26.3
Yun na pa't ang approach sa drug war na ang pinaka-importante is matigil natin ang pag-ship ng mga,
08:28.1
The president earlier said that in continuing his predecessor's bloody and controversial drug war,
08:37.3
The president earlier said that in continuing his predecessor's bloody and controversial drug war,
08:41.8
his administration has significantly transformed the campaign to focus more on prevention and rehabilitation to adjust the problem of illegal drugs.
08:46.8
his administration has significantly transformed the campaign to focus more on prevention and rehabilitation to adjust the problem of illegal drugs.
08:47.8
his administration has significantly transformed the campaign to focus more on prevention and rehabilitation to adjust the problem of illegal drugs.
08:49.8
His administration has significantly transformed the campaign to focus more on prevention and rehabilitation to adjust the problem of illegal drugs.
08:50.8
Marcus Jr. also noted the need for Philippine authorities to work closely with governments of other countries
08:56.6
to stop the entry of the illegal drugs to the country from its source.
09:01.1
He also reminded law enforcement agencies that efforts to combat illegal drugs must be well within the law.
09:07.3
The only way to get that is to continue to prosecute the drug war, but well within the law,
09:16.9
well within, so that the cases can be filed and the syndicates can be identified.
09:24.1
The guilty parties can be arrested and eventually imprisoned.
09:30.7
And that is the point of what we are doing. That's the only way to approach it.
09:35.2
The Philippine leader also gave this warning to drug syndicates.
09:38.8
Basta tuloy-tuloy lang kami. Aabutan din namin kayo. Maliit lang ang Pilipinas.
09:46.9
Meanwhile, the president lauded the efforts of the Alitagtag PNP,
09:52.2
led by Police Captain Luis De Luna Jr., who earlier received a spot promotion from the DALG.
09:58.8
De Luna also received a P100,000 reward from the Matangas Provincial Government.
10:03.9
According to Malacanang, from July 2022 to December 2023,
10:08.7
authorities have conducted almost 37,000 drug operations,
10:12.9
resulting in the arrest of almost 50,000 drug suspects,
10:16.1
of which over 3,000 are considered high-value targets.
10:23.5
Iran is expected to soon release four Filipino crewmen on a container ship it seized Saturday on the Strait of Hormuz.
10:30.8
This incident has prompted a request by the Philippine government to declare the waterway as a high-risk area.
10:37.0
This story from Victoria Tulad.
10:40.6
Two days after the Iranian Navy seized the container ship MSC Eris,
10:45.4
its four Filipino crew were able to talk with their families in the Philippines.
10:49.9
They gave good news, according to the Department of Migrant Workers, or DMW.
10:55.1
As of midnight last night, they managed, the four families of the seafarers,
11:01.6
managed to directly communicate via video call with their loved ones on board.
11:07.5
They also have been told by Iranians who came on board that they,
11:15.4
they will soon be released, not just exactly know where and, or not just know exactly when.
11:23.3
The DMW says the seafarers are being treated well.
11:27.2
We know that the seafarers, the four seafarers are safe and sound, they're eating well,
11:32.9
they've taken their normal, taken to their normal duties on board the ship.
11:36.6
The DFA is also doing coordinative work in terms of the discussions,
11:45.4
with the Iranian government.
11:47.3
MSC Eris was seized on April 13, near the Strait of Hormuz,
11:51.5
which is between Iran and the United Arab Emirates.
11:54.4
The ship is currently anchored at the port of Iran.
11:57.6
According to the Department of Foreign Affairs, or DFA,
12:00.4
it is a Portuguese vessel which has ties with Israel.
12:04.4
Israel and Iran are in conflict.
12:06.9
Despite the situation, DFA remains optimistic since Iran released the 18 Filipino crew of MV San Nicolas,
12:15.4
The Philippines government promised financial assistance for the families of the four seafarers.
12:29.3
Their manning agency also assured support.
12:31.8
The licensed manning agency assured us of adequate payment, fulfillment of the contract
12:37.9
insofar as salaries and compensation is concerned to the families.
12:41.3
Because of this latest incident, the Department of Migrant Workers will recommend
12:45.1
the DFA's support for the families of the four seafarers.
12:45.3
The DFA is also assured support for the families of the four seafarers.
12:45.4
The declaration of the Strait of Hormuz as a high-risk area.
12:49.4
If this happens, a Filipino seafarer may refuse to be assigned in this area
12:53.6
and instead be designated elsewhere.
12:56.6
But if he chooses to still sail in a high-risk area, the pay, however, must be doubled.
13:03.1
The Gulf of Aden and parts of the Red Sea have also been recently declared as high-risk areas.
13:08.7
In November 2023, Yemen's Houthi rebels seized the cargo ship Galaxy Leader in the Red Sea
13:15.3
taking 17 Filipinos hostage.
13:18.3
Efforts continue to bring them home.
13:20.6
In March 2024, the bulk carrier MB True Confidence was struck by a Houthi missile in the Gulf of Aden.
13:27.8
Two Filipino seafarers died with their remains yet to be recovered.
13:31.8
Thirteen others were able to come back to the Philippines.
13:35.2
Victoria Tulad, ABS-CBN News.
13:38.8
A two-day transport strike of Philippine jeepney operators triggers heavy traffic along
13:45.1
a major Metro Manila thoroughfare.
13:47.8
Philippine Transport Authority's plan to file cases against the protesters.
13:52.6
Andrea Taguinis tells us why.
13:56.6
Renato Tayag traveled all the way from Pampanga on Monday
13:59.9
to join the protest action against the government's jeepney modernization program.
14:04.8
He joined other members of transport groups Piston and Manibela
14:07.8
as they camped out at the Welcome Rotonda for more than 12 hours
14:11.6
causing heavy traffic in the boundary of Quezon City and Manila.
14:15.7
I'll protect my friends so that we can get 5-year-old franchise.
14:23.0
That's what we can do.
14:24.7
Because we don't do anything bad.
14:27.6
And we'll take our children's lives away.
14:30.4
What about our families?
14:33.6
Despite the lack of sleep, exhaustion, and hunger,
14:36.9
the rallyists stayed there until morning in the hopes that they could still push through to Menjola,
14:41.7
a historic protest area near Malacanang.
14:44.0
But the police...
14:45.1
Police also kept their barricade up while those who stood guard overnight slept on the streets of Hispania.
14:51.1
Siguro ipagpapaliban na lang muna namin ang pagpunta sa Mindyola.
14:56.2
Alam naman namin na umalinga-ungaw na ito sa Malacanang.
15:00.2
It was nearly 9 a.m. on Tuesday when all lanes of Quezon Avenue, both southbound and northbound, became passable.
15:06.5
That's as members of Piston and Manibela voluntarily dispersed.
15:09.9
And yun naman po yung pinangako nila kasi mabigat na talaga yung traffic.
15:14.5
Umabot na sa EDSA and marami nang naapekto ang mga kalsada dahil sa paghaharang ng kanilang mga jeeps.
15:23.4
More than 60 jeeps ang pinark nila dito sa kahabaan ng Quezon Avenue and occupied nila three lanes.
15:32.4
Kaya talagang matindi yung abala at pagsisikip ng trabiko.
15:37.1
Hundreds of police officers from the National Capital Region,
15:39.9
Police Office and the Quezon City Police District also came to speed up the process and restore the flow of traffic in the area.
15:47.0
But some Manibela members could not get away fast enough.
15:50.3
As they were leaving, three jeepney drivers from Paranaque were apprehended and issued violation tickets by the Highway Patrol Group for obstruction of traffic.
15:58.5
Kapalan ng mukha ito.
16:01.4
Isipin mo, paalis na kami. Paalis na tayo. Dito pa tayo tinikitan.
16:06.0
Opo, bumababa na kami.
16:09.9
Nakakain na kami. Pagkano naka-hold sa sasakyan ko.
16:13.6
Authorities say they could face more violations.
16:16.7
Number one, obstruction. Number two, kolorum.
16:20.2
Dahil hindi naman nila rota yung Quezon Circle po and then nagdala sila ng pasahero doon.
16:25.8
Wala naman silang special permit from LTFRB.
16:29.0
So automatic technical kolorum ka, which is already a ground para ho ma-impound yung sasakyan.
16:34.2
We will get sufficient evidence and we will file criminal cases against them.
16:39.9
But overall, the Department of Transportation downplayed the impact of the two-day transport strike in Metro Manila.
16:47.2
Bautista said, while they were able to cause traffic, they did not disrupt public transportation.
16:52.8
That's as some jeepney drivers, particularly in Quezon City and Caloocan, opted to continue operating so they can feed their families.
17:00.2
But it wasn't all smooth running.
17:01.5
Some commuters were still inconvenienced by the traffic, like Raniela Dolondres who had to walk from Banaue in Quezon City to España in Manila.
17:09.9
She also had to go to work.
17:10.7
I'm tired and I'm tired again. So this is really a phase-out for the jeep.
17:15.7
According to Manibela, they will have to take a quick breather first before they regroup with Piston and plan their next protest action
17:22.4
ahead of the April 30 deadline for franchise consolidation as part of the jeepney modernization program.
17:28.4
Those who fail to comply with that will have their franchises revoked and will be considered kolorum vehicles.
17:33.6
But Valbuena remained undeterred, saying they will continue to operate beyond the deadline,
17:38.7
despite the risk of getting caught.
17:39.9
Andrea Taguines, ABS-CBN News.
18:09.9
For Back on the World tonight, the top Philippine diplomat refutes China's allegations that Manila has been violating agreements with Beijing.
18:25.2
He spoke with a visiting Singapore foreign minister who also expressed concern about recent developments in the South China Sea.
18:32.0
Zen Hernandez reports.
18:34.7
In a joint press conference with Singapore Foreign Minister Vivian Balakrishna,
18:39.9
Philippine Foreign Affairs Secretary Enrique Manalo reiterated the Philippine position in the West Philippine Sea.
18:48.3
We've always said that the Philippines in our dispute or in our approach to the issues in the West Philippine Sea
18:55.5
has always, always adhered to the rule of law.
18:59.2
And in this, in particular, the UNCLOS and the Arbitral Award of 2016.
19:03.8
So I'm, it's, in fact, I think it's China which refuses to adhere to the Arbitral Award.
19:09.9
I'm not very clear what they mean by saying that we're not adhering to commitments.
19:14.9
Manalo is replying to China's barrage of claims that the Philippines has repeatedly failed to honor agreements
19:21.9
it has entered into with China despite the lack of evidence or any document.
19:28.1
Balakrishna admitted Singapore is becoming concerned about the situation.
19:33.8
Singapore has been watching recent developments in the South China Sea with concern.
19:39.9
Singapore is not a claimant state in the South China Sea.
19:43.5
And we do not take sides in the competing territorial and maritime claims.
19:49.6
We hope that all parties will maintain open channels of communication,
19:54.7
will preserve regional peace and stability,
19:59.8
and ensure adherence to international law,
20:04.1
including especially 1982 UNCLOS,
20:07.9
the UN Convention on the Law of the Sea.
20:09.9
Balakrishnan is in Manila from April 15 to 17.
20:14.7
The visit is very timely as the Philippines and Singapore also celebrate 55 years of diplomatic relations.
20:22.3
Balakrishnan said he had a meeting with President Ferdinand Marcos Jr. on Monday evening,
20:27.6
which was immediately followed by a meeting with Secretary Manalo on Tuesday morning.
20:32.8
Singapore is the Philippines' eighth largest trading partner in 2023.
20:37.0
It is also its sixth largest.
20:39.9
Singapore's export market, seventh import source,
20:43.3
and first among ASEAN countries for the Philippines' source of inbound tourism in 2023.
20:50.1
President Marcos is also scheduled to visit Singapore
20:52.9
for the 21st International Institute for Strategic Studies Shangri-La Dialogue in May.
21:00.2
Both our nations are also keen to strengthen collaboration in future-oriented areas,
21:06.9
including the green economy,
21:09.9
smart and sustainable infrastructure,
21:13.9
startups and opportunities,
21:15.9
especially for the many young people that the Philippines has.
21:19.9
Both Manalo and Balakrishnan also believe that the ASEAN continue to play an effective and significant role
21:26.9
in maintaining the peace, stability and prosperity in the region,
21:30.9
despite perceptions on division when it comes to South China Sea disputes.
21:36.9
The two officials also highlighted commitment
21:38.9
to the region's security and security issues.
21:39.9
They also agreed to negotiations for a Code of Conduct between the ASEAN and China.
21:45.9
I believe ASEAN is united in the sense that no single ASEAN country wants to become a proxy or a vessel state of any power.
21:58.9
The Code of Conduct will not resolve issues of sovereignty or issues of maritime entitlement,
22:05.9
but it is important nevertheless,
22:07.9
because we believe it is one way,
22:08.9
to reduce tension.
22:11.9
The COC negotiations has a draft that is now on the third reading.
22:16.9
Manalo emphasized the final COC must be both effective and substantive.
22:22.9
Zen Hernandez, ABS-CBN News.
22:32.9
The jury selection in Donald Trump's New York trial is off to a rocky start.
22:37.9
Dozens of potential jurors have been ruled out
22:40.9
after admitting they could not be impartial.
22:43.9
Our ABS-CBN North America correspondent Don Tagala tells us more.
22:50.9
The historic criminal trial of former U.S. President Donald Trump
22:54.9
officially got underway in New York on Monday.
22:58.9
It's the first time in American history that a former U.S. President appeared in court for a felony.
23:05.9
Trump was charged by Manhattan's District Attorney with 34 counts of Class E felony
23:11.9
for falsifying business documents to cover up a $130,000 hush money payment to adult film star Stormy Daniels.
23:20.9
The payment was supposedly made in exchange for Daniels' silence
23:24.9
about an extramarital sexual encounter with Trump before the 2016 U.S. presidential elections.
23:31.9
Trump was required to attend the whole duration of the trial,
23:34.9
and appeared in court as the jury selections began.
23:37.9
Nothing like this has ever happened before.
23:40.9
There's never been anything like it.
23:42.9
Every legal scholar said this case is nonsense.
23:46.9
It should never have been brought.
23:48.9
It doesn't deserve anything like this.
23:50.9
There is no case.
23:52.9
But on day one of the trial,
23:54.9
half of the nearly 100 potential jurors were dismissed
23:58.9
as they admitted they could not be impartial in arriving at a judgment
24:03.9
on the former president.
24:05.9
Justice Juan Marchand reiterated that jurors must set aside any biases
24:10.9
or personal feelings about the defendant or the case,
24:14.9
which include political orientation.
24:16.9
Both sides are seeking 12 jurors and 6 alternates
24:20.9
to hear what could be the only criminal case against Trump
24:24.9
before the November 5 presidential election.
24:27.9
Outside the New York Criminal Court building,
24:30.9
a smaller-than-usual crowd gathered
24:32.9
to express their sentiments about this day.
24:35.9
This Filipino-American immigration lawyer says
24:37.9
he came all the way from Honolulu, Hawaii
24:40.9
to show his support for Trump,
24:42.9
now once more the Republican,
24:44.9
presumptive presidential nominee.
24:47.9
You cannot persecute a man for doing what he allegedly did.
24:53.9
Nobody was killed, nobody was harmed, nobody was prejudiced.
24:57.9
So why should they do that to him?
25:00.9
Anti-Trump action.
25:02.9
Activist Marnie Halasa, meanwhile,
25:04.9
showed up in her hush money payment costume.
25:07.9
The film activist founded a theatrical protest group
25:10.9
called Revolution is Sexy.
25:12.9
Falsifying records to influence an election in the U.S.
25:15.9
is punishable by up to four years in prison.
25:18.9
But Halasa says, while a guilty verdict on Trump
25:22.9
would not bar him from office,
25:24.9
it could be a double-edged sword come November.
25:27.9
I think New Yorkers are going to be like,
25:29.9
well, wait a minute,
25:30.9
he's going to be criminally indicted.
25:32.9
You know, all the convicted,
25:33.9
I mean, that would look bad.
25:35.9
But I think for this lady here,
25:38.9
that only makes people want to vote for him more,
25:44.9
It will take several more days to choose the jury
25:47.9
on Trump's hush money trial.
25:49.9
Opening statements and testimonies will follow
25:52.9
and the proceedings are expected to last through May or June.
25:56.9
Don Tagala, ABS-CBN News, New York.
26:02.9
The Trump Social Media Company plummets
26:04.9
after it said millions of shares could be sold in the coming months.
26:07.9
The company's filing showed a potential sale of 146 million shares,
26:12.9
including Trump's stake of 114 million.
26:15.9
Shares of Trump Media and Technology Group were down 2% in after-hours trading.
26:20.9
The stock has already fallen nearly 60% since its blockbuster debut last month.
26:25.9
The company operates the Truth Social app which Trump created
26:28.9
after he was banned on major social media platforms.
26:32.9
The Iranian Foreign Minister warns of an immediate and severe response
26:37.9
to any Israeli retaliation against Iran.
26:40.9
Tehran launched hundreds of drones and missiles against Israel on Sunday.
26:46.9
This was in response to a suspected Israeli airstrike
26:49.9
on Iran's embassy compound in Damascus.
26:52.9
Israel's war cabinet is expected to hold a fifth meeting on Tuesday
26:57.9
to discuss its response to Iran's attack.
27:00.9
Meanwhile, the UN nuclear watchdog
27:02.9
warned Israel against targeting Iranian nuclear facilities.
27:08.9
Actually, what we were discussing here,
27:10.9
which was not about Iran or the Middle East,
27:13.9
is a tangible example of the need to avoid any physical attack
27:19.9
against any nuclear facility.
27:22.9
But we are there, we continue our work.
27:26.9
A knife attack at an Assyrian church in Sydney
27:29.9
is labeled by Australian police
27:31.9
as a terrorist act.
27:33.9
A bishop and three other people were injured in the attack,
27:36.9
which is suspected to be motivated by religious extremism.
27:39.9
A 15-year-old male suspect was arrested on the scene.
27:42.9
He was believed to be acting alone.
27:44.9
It was the second major stabbing attack in Sydney in just three days.
27:48.9
A weekend knife attack at a Bondi mall left six people dead.
27:58.9
The Philippine Stock Exchange
27:59.9
suffers its biggest loss for the year
28:02.9
as regional concerns continue to cloud sentiment.
28:05.9
Michelle Long has Tuesday's market action.
28:10.9
MSCI's Asia-Pac index dropped the most in three months on Tuesday
28:14.9
with the region's currencies weakening against the U.S. dollar
28:17.9
and China's economic data further weighed on sentiment.
28:20.9
While growth beat expectations in the first quarter,
28:23.9
retail sales and industrial output data fell short of estimates.
28:28.9
Philippine shares suffered their largest sell-off for the year
28:31.9
with the index falling 2.4% to close at 64.04.
28:36.9
The local market is already on a nine-day losing streak.
28:41.9
And the last time that I've seen this is in November 2016.
28:46.9
So clearly, the local market is, you know,
28:50.9
it's under bearish sentiment.
28:52.9
And mainly the cost is, mainly the cost is
28:57.9
the rise in the tensions in the Middle East
29:03.9
caused by Iran's attack of Israel.
29:06.9
And investors are digesting this.
29:09.9
Particularly, investors are digesting the possible risks
29:14.9
if ever this tensions in the Middle East does escalate further.
29:20.9
I mean, bottom line, if it does happen,
29:23.9
of course, we see upside, you know,
29:25.9
upside risk to the prices of oil.
29:27.9
And this, of course, is inflationary for us.
29:30.9
In corporate stories,
29:31.9
Alliance Global Group,
29:32.9
the holding company of tycoon Andrew Tan,
29:34.9
posts a record-breaking 30 billion peso net income for 2023,
29:38.9
up 20% year-on-year despite higher inflation that pushed costs up.
29:43.9
Net income attributable to parent also up 21% to 19.6 billion
29:48.9
as consolidated revenues grew 15% to 211 billion pesos.
29:53.9
Still in the yearning stream,
29:56.9
which just celebrated its 10th year listing anniversary,
29:59.9
saw a rosy 2023 with its net income jumping over 23% year-on-year
30:04.9
to nearly 16 billion pesos.
30:07.9
Its total assets and equity also up around 16%
30:10.9
with its net debt-to-equity ratio
30:12.9
one of the lowest among Philippine-listed companies.
30:15.9
The firm expects stronger balance sheet this year
30:18.9
after the merger of its subsidiary Hotel 101 Global
30:21.9
with a US-based JV SPAC is completed,
30:24.9
paving the way for its NASDAQ.
30:27.9
Hotel 101 will have an equity value of 130 billion pesos.
30:33.9
Michelle Long, ABS-CBN News.
30:36.9
Our final word tonight is a quote from Soren Kierkegaard.
30:40.9
People demand freedom of speech as a compensation
30:43.9
for the freedom of thought which they seldom use.
30:48.9
And that is The World Tonight, the 16th of April, 2024.
30:52.9
I'm Piya Gutierrez.
30:53.9
I'm Tony Velasquez from the Philippines.
