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The World Tonight Livestream | Full Episode Replay | April 17, 2024
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00:00.0
Thank you for watching!
00:30.0
And at least 20 people are killed in flash floods in Dubai and Oman.
00:54.8
Good evening, I'm Tony Velasquez.
00:56.9
And I'm Pia De Cheres.
00:58.7
On our broadcast tonight,
01:00.0
we provide a call for a congressional probe into alleged Chinese sleeper cells in the Philippines.
01:05.5
This was triggered in part by suspicions over the swarm of Chinese students
01:09.6
in a province hosting joint U.S.-Philippine military facilities.
01:14.0
Pia De Cheres has tonight's top story.
01:18.3
The Armed Forces of the Philippines says it is looking into the influx of thousands of Chinese college students
01:24.2
in the province of Cagayan.
01:26.5
AFP Spokesperson Colonel Francel Margaret Padilla says
01:30.0
they are coordinating with the Philippine National Police and other government agencies
01:34.5
to determine if the presence of these Chinese students pose a threat to national security.
01:41.1
Last year, Naval Base Camilo Osillas in Santa Ana, Cagayan
01:44.8
was named as one of the four new sites for the Enhanced Defense Cooperation Agreement, or EDCA.
01:50.8
And sabi nga, estudyante to. So kung meron ba silang student visas that are required.
01:55.2
So we are coordinating with the Bureau of Immigration, the DFA,
01:59.3
and since students to, so you know, pati yung CHED.
02:02.2
At the House of Representatives, Act Teacher's Partylist Representative Franz Castro
02:07.0
is calling for a probe into suspected Chinese sleeper cells in the country.
02:12.2
Kunyari ay estudyante, kunyari sila ay mga pangkaraniwang mamamayan,
02:17.6
pero meron silang mga skills na pang-spy o military skills
02:24.0
na later on naman kung gagamitin sila ay mabubuhay sila.
02:28.0
Ito yung mga STPs.
02:29.3
Tingin natin ay baka meron ng ganyan dito sa Pilipinas,
02:34.2
kaya tuloy lahat ng, kumaga yung mga kilos natin dito sa Pilipinas,
02:38.8
parang tansyado na ng China, no?
02:41.3
Nakakakaba na, nakakaworry na itong mga ganitong mga nangyayari.
02:45.4
Surigao del Norte Representative Robert Ace Barbers, for his part,
02:49.3
said he has received information that Chinese nationals posing as what he calls
02:54.1
fake Filipino nationals are buying huge tracts of land near major airports,
02:59.3
air and sea ports, as well as near military sites that can be accessed by the U.S. military
03:04.8
as part of its enhanced defense cooperation agreement with Manila.
03:09.6
UB professor and security analyst Chester Cabalza also warns of a possible infiltration by the Chinese.
03:15.9
Pero ito, kaduda-duda, masidagsaan.
03:21.2
At ang sinasabi pa, ay sila ay nag-aaral sa mga kamantasan doon at nagbabayad ng mga million.
03:28.1
Yan ang sinasabi ng karamihan na parang nagiging milking cow, no?
03:32.7
At hindi naman talaga totoong diploma, mail.
03:36.6
Over the weekend, authorities arrested a Chinese national in Taguig City.
03:41.4
They recovered firearms, ammunition, hand grenades, various China-marked tactical gear, and a Chinese flag.
03:48.7
Authorities also seized a sports car worth around 30 million pesos and other unregistered vehicles.
03:55.1
Another Chinese national was also detained.
03:58.2
After trying to bribe police with 3 million pesos in exchange for the suspect's release.
04:03.2
We will be investigating and profiling and dig deeper to identify cohorts and activities including established motives.
04:20.4
Joint Philippine-U.S. military drills set for next week are described as preparations for war.
04:26.9
Bianca Dava,
04:28.1
has this story.
04:32.2
More than showcasing its capabilities, training exercises with the country's allies and partners
04:38.1
help the armed forces of the Philippines maintain a high level of readiness in case of a conflict, according to a military official.
04:45.7
The armed forces has a mandate to defend our territory.
04:50.4
And there is an adjunct to that mandate, which is you have to train for it.
04:55.8
And for realistic training...
04:58.1
we train in areas where realism is provided for.
05:05.6
The purpose of armed forces... why we exist, is to prepare for war.
05:12.2
There's no sugarcoating it.
05:15.7
The navies of the Philippines, the United States and France will conduct a multilateral maritime exercise in the West Philippines Sea,
05:23.0
as part of the Balikatan exercise this year.
05:26.3
For the first time,
05:27.5
the Coast Guard contingents from Manila and Washington will participate in the joint sale.
05:34.0
Smaller drills will also be conducted in Batanes, the country's northernmost province facing Taiwan.
05:40.6
These drills are expected to irritate China,
05:43.5
but Balikatan 2024 Executive Agent Colonel Michael Lohico says it's nothing out of the ordinary.
05:49.5
With or without China, let's say for example in a parallel universe, China did not exist,
05:54.7
we would still be doing these exercises.
05:57.5
Because these are things that nations do.
06:03.2
Manila is sending two vessels from the Philippine Navy and one from the Philippine Coast Guard for the MME.
06:09.3
The number of participating ships from the U.S. meanwhile has yet to be determined.
06:14.5
France, which is making a debut as a Balikatan participant, on the other hand is sending a warship to the drills.
06:20.9
The Philippines has no Visiting Forces Agreement with France yet,
06:25.3
but Lohico said Paris could still join the drills.
06:27.6
Since it will be conducted outside Manila's territorial waters.
06:31.5
For the French Navy, they will be bringing in the frigate.
06:34.6
So the frigate will not be entering territorial waters.
06:40.3
They will be joining the group sail which is beyond 12 nautical miles,
06:44.9
but within our 200 nautical mile EEZ.
06:49.8
So we will not be seeing French boots on the ground.
06:53.7
The participation is just the Navy.
06:55.5
The official also assured that the French will not be joining the group sail.
06:57.5
the possible presence or intrusion
06:59.4
of Beijing's vessels during the
07:01.4
MME is part of their
07:03.2
contingency plans.
07:27.5
The annual joint training
07:31.6
exercise between the AFP and the
07:33.5
U.S. Armed Forces will also focus
07:35.6
on testing the Philippines' comprehensive
07:37.8
archipelagic defense concept
07:39.6
announced by Defense Secretary
07:41.5
Gilberto Chudoro Jr. earlier this year.
07:44.4
The concept calls for
07:45.6
incorporating all services of the AFP
07:47.8
in defending Philippine waters,
07:49.9
particularly the country's 200-nautical
07:51.8
mile EEZ.
07:52.7
One thing particularly
07:54.6
new about the exercise
07:56.6
Balikatan,
07:57.5
is that it's going to also showcase
07:59.7
the comprehensive archipelagic
08:01.9
defense concept. We are focusing
08:03.8
on both the physical
08:05.7
and the non-physical domain.
08:08.0
We are
08:08.7
exercising,
08:12.2
particularly in the area
08:14.1
of information
08:15.7
warfare and cyber defense.
08:18.5
With over 16,700
08:20.4
participants expected
08:21.8
from the Philippines and the U.S.,
08:23.9
this year's Balikatan will be the largest
08:26.0
since the first stage
08:27.4
in 1991.
08:29.2
Representatives of 14 countries
08:31.1
will also participate in the drills
08:32.7
as observers.
08:34.6
Bianca Dava, ABS-CBN News.
08:39.3
Filipino fishermen received
08:41.2
more Philippine government support
08:42.8
as they faced a constant threat of harassment
08:45.4
from Chinese vessels.
08:47.2
Jervis Marahan reports.
08:50.3
Jumping off
08:51.4
from Subic Zambales,
08:53.0
officials from the Bureau of Fisheries and Aquatic
08:55.3
Resources and several Filipino fishermen,
08:57.4
sailed to some fishing grounds
08:59.7
in the West Philippine Sea on Tuesday.
09:02.6
This activity
09:03.8
is part of the agency's
09:05.4
Project Layag, which aims
09:07.4
to enhance productivity of fishermen
09:09.4
through government assistance.
09:12.3
The BIFAR turned over
09:13.5
60 million pesos worth of fishing gear,
09:16.3
including 62-foot boats
09:17.8
to fish airflow communities in various
09:19.7
coastal towns.
09:21.1
Naka-focus ito sa pagbibigay ng mga
09:23.3
livelihood interventions para mas
09:25.4
mapalawak pa natin ang kayahan
09:27.4
ng ating mga mangis na sa West Philippine Sea
09:30.5
at ng likaskaya natin itong malinang pa
09:34.1
yung kayamanan natin sa West Philippine Sea.
09:36.4
The agency said fish production
09:38.5
in the West Philippine Sea increased in 2023,
09:41.7
which they say may be attributed
09:43.9
to government assistance,
09:45.6
a drastic increase in fishing boats,
09:47.8
and fair weather.
09:49.9
On Tuesday, Filipino fishermen showed
09:52.5
several fishing methods in the West Philippine Sea,
09:55.3
which included man lines and ring nets,
09:57.4
BIFAR also refuted claims of China
10:00.2
that payaus or traditional fish traps
10:02.6
are destructive to marine life.
10:05.1
Hindi po mapanira ang payau.
10:07.6
Ang mapanira siguro yung
10:09.2
kapag nagkakaroon ng malawak
10:11.1
ang reklimasyon at nalasisira
10:12.9
yung ating mga coral reefs.
10:15.2
Pero itong payau, isa po itong
10:17.1
passive gear,
10:19.0
environment friendly po ito,
10:20.9
nilalapitan ito ng mga maliliit na isda
10:23.2
na pagkain ng mga malalaking isda.
10:25.4
Last October, Chinese vessel
10:27.4
Scott of Payau sa Filipino Fishermen
10:29.5
set up in Philippine waters.
10:32.0
Malaking pangihinayang, sir.
10:33.4
Saka, ang pagod ng maghulog ng payaw,
10:36.4
gastos pa. Tapos ay nung aanihan na namin,
10:38.9
saka naman nawala.
10:40.4
Pag pumasok ka doon sa mismo
10:41.8
lagu ng Iskalburo, talaga hindi ka papasokin.
10:44.5
Pero pag sa tayong isda po namin sa labas,
10:47.0
wala naman pong problema.
10:48.4
Fishermen also said they are now
10:50.2
fishing in areas away from the Scarborough Shoal
10:52.5
to avoid harassment and aggression
10:54.2
from Chinese vessels.
10:57.4
Fisheries and aquatic resources
10:58.9
say they will remain undeterred by tensions
11:01.1
in the West Philippine Sea.
11:02.9
Their mandate remains, and that is to help
11:05.1
the Filipino fisherfolk.
11:07.5
A lawmaker as well as officials
11:09.3
from the military and coast guard said
11:11.3
they are committed to ensuring
11:13.1
the welfare of fishermen not just on their safety,
11:16.4
but their livelihood as well.
11:18.1
It's an interagency effort naman
11:20.2
ng ating government
11:21.6
na sama-sama tayo magtutulong-tulong.
11:24.0
It's not just solely
11:25.4
security aspect.
11:27.4
It has to be interagency as I've said.
11:30.3
It cannot be done by one agency alone.
11:32.4
At nais ko ibalita sa inyo
11:34.4
na ang Senate
11:36.4
nagbigay ng tatlong malaking bapor
11:40.5
sa BIFAR
11:41.4
para bantayan kayo.
11:44.7
Ang justification nila noon
11:47.4
gusto namin tumulong
11:50.2
ang BIFAR
11:51.0
sa pagpoprotect sa mga
11:53.5
manging isda
11:55.0
sa West Philippine Seas.
11:57.4
Javis Manahan, ABS-CBN News.
12:00.9
The Philippine Supreme Court
12:02.9
orders the Senate to comment
12:04.5
on a petition of fugitive televangelist
12:07.0
Apollo Quibuloy.
12:08.5
The pastor is seeking a temporary
12:10.3
restraining order against what he calls
12:12.7
an unconstitutional arrest warrant.
12:16.1
Willard Cheng tells us more.
12:19.3
The Supreme Court has directed
12:21.3
the Senate to comment on the petition
12:23.0
for certiorari and prohibition
12:24.9
filed by Kingdom of Jesus Christ founder,
12:27.4
Pastor Apollo Quibuloy
12:28.9
to declare the arrest and detention order
12:31.2
of the Senate as null and void.
12:33.3
The Senate earlier issued the arrest order
12:35.2
after Quibuloy refused to attend hearings
12:37.6
into allegations of abuse
12:39.2
against the religious leader.
12:41.4
Quibuloy claimed the Senate investigation
12:43.1
is not in aid of legislation
12:44.9
saying it's a usurpation of judicial
12:47.6
functions beyond the powers of the Senate.
12:50.7
The respondents
12:51.5
in this case, they were required
12:53.5
to file a comment within
12:55.3
10 days on the petition.
12:57.4
As well as the prayer for the issuance
12:59.5
of the TRO and the writ of preliminary injunction.
13:03.6
So right now, it's at that stage.
13:05.0
We are awaiting the comment of the respondents.
13:08.7
Respondents of Quibuloy's petition
13:10.4
include Senate President Juan Miguel Subiri,
13:13.1
Senator Risa Ontiveros,
13:14.8
who chairs the Committee on Women,
13:16.7
Children, Family Relations,
13:18.5
and Gender Equality,
13:19.7
and the Senate Sergeant-at-Arms.
13:22.2
Senator Ontiveros says she is ready
13:24.0
to answer any order of the Senate
13:25.8
and that her counsel,
13:27.4
former Senior Associate Justice Antonio Carpio,
13:30.3
will study and respond
13:31.7
as soon as possible.
13:33.3
While she has yet to receive a copy of the court's order,
13:36.1
Ontiveros expressed readiness
13:37.7
to comply with the SC directive
13:39.6
in respect of the court
13:41.1
and in recognition of the principle of separation
13:43.7
of powers. A principle,
13:45.8
she says, that should also guide Quibuloy.
13:48.1
Former Senate President Franklin
13:49.6
Dillon points out that since the
13:51.5
Supreme Court did not issue a TRO,
13:54.0
Quibuloy should now face the Senate.
13:56.3
The Senate,
13:57.4
could have been stopped by the Supreme Court
13:59.6
through a temporary restraining order
14:02.0
prayed for by
14:04.1
Quibuloy. The fact
14:06.0
that the court refrained
14:07.8
from using that power
14:09.6
is an indication that
14:11.7
it is their view
14:14.0
that Quibuloy is
14:15.7
entitled to that immediate relief
14:18.2
without prejudice
14:20.1
of course to finally deciding
14:21.9
the case on its merit.
14:24.4
He adds, the failure of authorities
14:26.3
to find Quibuloy,
14:27.4
affects the credibility of the justice system.
14:30.8
This is a slap
14:32.0
on the executive branch,
14:34.4
particularly the enforcement
14:35.8
of our orders
14:37.9
and this does not
14:40.0
overwell for our
14:41.8
people's confidence
14:43.8
in our court system.
14:46.3
Quibuloy's camp has yet to issue
14:48.1
a response.
14:49.6
Willard Cheng, ABS-CBN News.
14:53.3
The Philippine Justice Department denies
14:56.0
influencing witnesses to
14:57.4
testify against former congressman
14:59.2
turned fugitive, Arnolfo Tevez Jr.
15:02.1
His lawyer, Ferdinand Topacio,
15:03.6
claims Justice Secretary Jesus Crispin
15:05.6
Rimulia is tampering with
15:07.5
the witnesses. Topacio says he has
15:09.5
reliable information that Rimulia is
15:11.5
offering them substantial sums
15:13.1
or intimidating and coercing them
15:15.4
to testify. Justice Department
15:17.6
spokesperson, Mico Clavano, dismissed
15:19.5
Topacio's statement as misleading.
15:21.9
Clavano says the evidence against
15:23.4
Tevez is strong. He described
15:25.5
Topacio's statements as those of the
15:27.4
lawyer who thinks his client is
15:29.4
guilty. Tevez is pushing back
15:31.5
against his deportation to Manila
15:33.1
after his arrest in Timor-Leste on
15:35.3
March 21st. He faces 10
15:37.3
counts of murder over the killing of
15:39.3
former Negros Oriental Governor Roel
15:41.1
Degamo and nine other persons.
15:44.9
The Philippine Election Commission is found
15:47.4
by the Supreme Court to have committed
15:49.3
grave abuse of discretion
15:51.1
for disqualifying the Smartmatic
15:53.5
Company as a service provider
15:55.4
in the 2025 poll.
15:57.4
The poll body disqualified
15:59.5
Smartmatic from all its procurement
16:01.5
activities due to issues
16:03.4
that hounded the firm. These
16:05.4
include allegations of bribery
16:07.1
and alleged irregularities in the
16:09.2
transmission and reception of votes
16:11.5
in the 2022 elections.
16:13.8
But the High Court says its
16:15.3
decisions does not nullify
16:17.3
the contract awarded by the Election
16:19.3
Commission to winning bidder Miro
16:21.3
Systems. Smartmatic provided
16:23.7
the automated election system
16:25.3
of the Philippines for over a decade.
16:27.4
It was replaced this year by
16:29.4
Miro Systems, which was the loan
16:31.4
bidder of the nearly 18 billion
16:33.4
peso election automation contract.
16:37.4
The director of the Philippine Fisheries
16:39.4
Bureau is dismissed by the
16:41.4
Ombudsman. Demosthenes Escoto
16:43.4
was sacked for grave misconduct
16:45.4
in a 2018 graft case.
16:47.4
The Philippine Agriculture Chief replaced
16:49.4
him with an officer in charge,
16:51.4
Isidro Velayo Jr.
16:53.4
Secretary Francisco Laurel says
16:55.4
Velayo's appointment will ensure the control of the
16:57.3
continued operation and implementation
16:59.3
of the agency's projects.
17:01.3
Velayo was previously regional
17:03.3
director for the Zamboanga
17:05.3
Peninsula.
17:07.3
Up next, the jury
17:09.3
that will decide the hush money case
17:11.3
of former U.S. President Trump
17:13.3
begins to take shape. The World Tonight
17:15.3
returns after a short break.
17:27.3
We'll be right back.
17:57.3
We'll be right back.
18:27.3
We'll be right back.
18:31.3
We'll be right back.
18:33.3
We'll be right back.
18:35.3
We'll be right back.
18:53.3
We're back on The World Tonight.
18:55.3
The jury in Donald Trump's
18:57.3
New York hush money trial is taking
18:59.3
shape with seven people already
19:01.3
selected. A panel of twelve New
19:03.3
Yorkers and six alternates will
19:05.3
ultimately be chosen. Trump showed
19:07.3
up in court for a second day. He
19:09.3
again criticized Judge Juan Merchan
19:11.3
and blamed the Biden administration
19:13.3
for his legal troubles.
19:15.3
He's a conflicted
19:17.3
judge. As you know, we're in appeal.
19:21.3
There's never been a judge
19:23.3
more conflicted than this one so
19:25.3
we'll see how that all works out.
19:27.3
We're having a hard time.
19:29.3
We're having a hard time with the New York State
19:31.3
system. It's under watch by the whole
19:33.3
world and
19:35.3
it's not looking very good.
19:37.3
So we think we have a very conflicted,
19:39.3
highly conflicted judge. He shouldn't be
19:41.3
on the case and he's rushing
19:43.3
this trial and he's doing
19:45.3
as much as he can for the Democrats.
19:47.3
This is a Biden-inspired
19:49.3
witch hunt and
19:51.3
it should end and it should end very quickly.
19:55.3
Trump has pleaded not guilty
19:57.3
to charges of falsifying business
19:59.3
records to cover up hush money payments
20:01.3
to porn star Stormy Daniels.
20:03.3
The hush money case is one of four
20:05.3
prosecutions Trump faces.
20:07.3
The other three may not go to trial
20:09.3
before the US presidential election
20:11.3
in November.
20:13.3
US President Joe Biden
20:15.3
describes himself as an average
20:17.3
American at heart but
20:19.3
paints his Republican election rival
20:21.3
Donald Trump as an elitist.
20:23.3
Biden spoke in his hometown
20:25.3
of Scranton during a
20:27.3
multi-city tour of the election
20:29.3
battleground state of Pennsylvania.
20:31.3
He made a case for higher taxes
20:33.3
on the rich to fund his
20:35.3
administration's social projects.
20:37.3
Biden has proposed a 25%
20:39.3
minimum tax rate for
20:41.3
billionaires.
20:43.3
You know, people like Donald Trump
20:45.3
learned very different lessons.
20:47.3
He learned the best way to get rich
20:49.3
is inheritance.
20:51.3
Not a bad way.
20:53.3
He learned that paying taxes
20:55.3
is something people who work for a living
20:57.3
did, not him.
20:59.3
He learned that telling people you're fired
21:01.3
was something to laugh about.
21:03.3
I guess that's how you look at the world
21:05.3
when you're on Park Avenue in Mar-a-Lago.
21:07.3
But if you grew up in a place like Scranton,
21:09.3
nobody handed you anything.
21:11.3
You paid your taxes.
21:13.3
You made sure of being told
21:15.3
you're fired wasn't entertainment.
21:17.3
It was a nightmare
21:19.3
that people worried about.
21:23.3
The US warns of new sanctions
21:25.3
against Iran for its attack
21:27.3
on Israel. The Biden administration
21:29.3
has already targeted over 500
21:31.3
Iranian individuals and entities
21:33.3
linked to terrorism and
21:35.3
terrorist financing.
21:37.3
US Treasury Secretary Janet Yellen
21:39.3
says new sanctions would reduce
21:41.3
Iran's capacity to export oil.
21:43.3
Several EU member states
21:45.3
want an expansion of existing sanctions
21:47.3
against Tehran.
21:49.3
Palestine's application
21:51.3
to become a full member state
21:53.3
of the United Nations
21:55.3
is to be voted on Thursday
21:57.3
by the UN Security Council.
21:59.3
Its membership application was first made
22:01.3
in 2011 and revived
22:03.3
in early April this year.
22:05.3
The institution recommending
22:07.3
Palestine's admission was put forward
22:09.3
by Algeria, a non-permanent
22:11.3
Security Council member.
22:13.3
The vote is expected to face opposition
22:15.3
from the United States,
22:17.3
which has repeatedly opposed the proposal.
22:21.3
At least 13 people are killed
22:23.3
and dozens of others wounded
22:25.3
by a Russian missile attack
22:27.3
on the Ukrainian city of Chernihiv.
22:29.3
The city's acting mayor
22:31.3
said multiple explosions
22:33.3
destroyed a multi-story building
22:35.3
and damaged several others,
22:37.3
including a hospital.
22:39.3
Flash floods spawned
22:41.3
by a year's worth of rainfall
22:43.3
turned Dubai's roads
22:45.3
into rivers.
22:47.3
At least one person was killed.
22:49.3
Flights at the Dubai International Airport
22:51.3
were disrupted,
22:53.3
leaving passengers stranded.
22:55.3
The bad weather was due to a larger storm system
22:57.3
traversing the Arabian Peninsula
22:59.3
and moving across the Gulf of Oman.
23:01.3
Heavy rains also triggered floods
23:03.3
which killed nearly 20 people
23:05.3
in Oman.
23:07.3
The Royal Omani Police airlifted
23:09.3
people stranded by raging floodwaters.
23:17.3
The continued weakening
23:19.3
of the Philippine peso
23:21.3
is not likely to influence
23:23.3
the Philippine Central Bank's
23:25.3
monetary policy.
23:27.3
Central Bank Chief Eli Remolona
23:29.3
says the peso is just reacting
23:31.3
to Middle East tensions.
23:33.3
He says the local currency's
23:35.3
downward movement is due to the
23:37.3
US Fed's decision to delay
23:39.3
rate cuts this year.
23:41.3
The peso closed Wednesday at 57.18
23:43.3
against the greenback.
23:45.3
This was its weakest level
23:47.3
since November 2022.
23:49.3
It's not a case of a weak peso,
23:51.3
it's a case of a strong dollar.
23:53.3
The magnitude of the adjustment
23:55.3
of the peso
23:57.3
has not been large enough
23:59.3
to affect
24:01.3
inflation expectations.
24:03.3
So for now,
24:05.3
I think the impact
24:07.3
on monetary policy
24:09.3
is I would say
24:11.3
not large.
24:13.3
The International Monetary Fund
24:15.3
raises its economic outlook
24:17.3
for the Philippines.
24:19.3
The IMF revised
24:21.3
its Philippine growth forecast
24:23.3
to 6.2 percent
24:25.3
from 6 percent in January.
24:27.3
That's well within
24:29.3
the Philippine government's
24:31.3
target range
24:33.3
of 6 to 7 percent.
24:35.3
The IMF cited carryover
24:37.3
from a better than expected
24:39.3
outturn in the tail end of 2023.
24:41.3
The IMF also upwardly revised
24:43.3
its 2025 forecast for the country
24:45.3
to 6.2 percent
24:47.3
as it anticipates domestic demand
24:49.3
and investments to accelerate.
24:51.3
As for global growth,
24:53.3
the IMF placed it at 3.2 percent
24:55.3
this year.
24:57.3
That's slightly better than
24:59.3
its previous forecast
25:01.3
from high inflation,
25:03.3
weak demand in China and Europe,
25:05.3
as well as geopolitical tensions.
25:07.3
But it warns a wider conflict
25:09.3
between Israel and Iran
25:11.3
could hurt growth.
25:13.3
Philippine shares
25:15.3
break their losing streak
25:17.3
as the stock market turns its focus
25:19.3
to the peso's movement
25:21.3
against the dollar.
25:23.3
Michelle Ong reports.
25:25.3
Asian markets under pressure
25:27.3
on Wednesday following
25:29.3
the collapse of the S&P 500.
25:31.3
The S&P 500,
25:33.3
which is the largest
25:35.3
stock market share
25:37.3
in the world,
25:39.3
has fallen by
25:41.3
0.2 percent.
25:43.3
The S&P 500,
25:45.3
which is the largest
25:47.3
stock market share
25:49.3
in the world,
25:51.3
has fallen by
25:53.3
0.2 percent.
25:55.3
The S&P 500,
25:57.3
which is the largest
25:59.3
stock market share
26:01.3
in the world,
26:03.3
has fallen by
26:05.3
0.1 percent.
26:07.3
The S&P 500,
26:09.3
which is the largest
26:11.3
stock market share
26:13.3
in the world,
26:15.3
has fallen by
26:17.3
0.8 percent.
26:19.3
The S&P 500,
26:21.3
which is the largest
26:23.3
stock market share
26:25.3
in the world,
26:27.3
has fallen by
26:29.3
In corporate stories, Vista Land and Lifescapes, the property arm of the richest Filipino, Manny Villar,
26:38.2
nets 10.3 billion pesos in 2023, up 39% year-on-year.
26:43.0
A year it launched 34 projects collectively worth 51 billion pesos.
26:48.7
It notes the new launches were key to reservation sales hitting over 70 billion,
26:53.1
putting it on track to maximize resources strategy as majority of them were vertical developments across the country.
26:59.6
The company ended the year with total assets amounting to 342.4 billion pesos,
27:04.8
a 6% increase from end 2022 figures, already including 26 Vista estates across the Philippines.
27:12.8
Meanwhile, Lester Hughes Frutas Holdings successfully raised 200 million pesos
27:16.8
from the sale of corporate notes to institutional investors.
27:20.6
This is its maiden private placement arranged by RCBC Capital Corporation.
27:25.1
Proceeds will be used for working capital requirements and general corporate purposes.
27:29.3
Michelle Long, ABS-CBN News.
27:32.4
The Philippine first couple takes to social media to celebrate their 31st wedding anniversary.
27:38.8
President Marcos Jr. greeted the First Lady on Facebook and thanked her for what he said was a wonderful 31 years of marriage.
27:46.5
First Lady Lizaraneta Marcos posted a collage of their photos taken throughout their years together.
27:52.0
The President and the First Lady met in New York in 1986.
27:56.1
They got married in Italy in 1993.
27:59.3
Our final word tonight is a quote from Jeb Bush.
28:04.6
National security is work in progress.
28:09.7
And that is The World Tonight, the 17th of April 2024.
28:14.5
I'm Iago Chavez.
28:15.4
I'm Tony Velasquez from the Philippines.
28:17.8
Thank you.
28:19.0
Mabuhay!
28:29.3
Thank you for watching!


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