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Thank you for watching!

Thank you for watching!

The greatest disruptor of all time is actually COVID-19.

Because of limited mobility, people are also not being able to go to physical branches, etc.

It further accelerated the adoption of consumers of digital channels.

We are now being able to provide the services needed by our citizens, by our consumers.

Thank you for watching!

Thank you for watching!

Thank you for watching!

Mobility will be key to recovery because we have relaxed some of our quarantine methods

and we have allowed more transportation to come out.

That's going to prove to be better for demand.

If we do follow the health protocols, the ability of people to move around will likely contribute better to growth.

Thank you for watching!

Thank you for watching!

Thank you for watching!

The greatest disruptor of all time is actually COVID-19.

Because of limited mobility, people are also not being able to go to physical branches, etc.

It further accelerated the adoption of consumers of digital channels.

We are now being able to provide the services needed by our citizens, by our consumers.

Thank you for watching!

Thank you for watching!

Thank you for watching!

That's going to prove to be better for demand.

If we do follow the health protocols, the ability of people to move around will likely contribute better to growth.

Thank you for watching!

Thank you for watching!

Thank you for watching!

The greatest disruptor of all time is actually COVID-19.

Because of limited mobility, people are also not being able to go to physical branches, etc.

It further accelerated the adoption of consumers of digital channels.

We are now being able to provide the services needed by our citizens, by our consumers.

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Mobility will be key to recovery.

Because we have relaxed some of our quarantine methods, and we have allowed more transportation to come out.

That's going to prove to be better for demand.

If we do follow the health protocols, the ability of people to move around will likely contribute better to growth.

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

We are now being able to provide the services needed by our citizens, by our consumers.

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

Thank you for watching!

As far as I understand, the Dubai government are doing their study with regards to that, what we call the issue.

And in case that happens, for sure that we will be able to advise accordingly.

Let's now take a look at the rising tensions and how it is affecting global oil prices now.

After it initially climbed over 3%, the U.S. WTI crude now trading 1.34%.

After it initially climbed over 3%, the U.S. WTI crude now trading 1.34%.

After it initially climbed over 3%, the U.S. WTI crude now trading 1.34%.

Meanwhile, Brent crude futures are up 1.21%.

Meanwhile, Brent crude futures are up 1.21%.

Palestine condemns the United States veto of its bid for a full U.N. membership.

The Palestinian presidency called America's veto unfair, immoral, and unjustified, adding it defies the will of the international community.

It also said the aggressive U.S. policy toward Palestine and its people represents a blatant violation of international law.

It also said the aggressive U.S. policy toward Palestine and its people represents a blatant violation of international law.

And encourages Israel to continue its aggression in Gaza.

Washington denied the embattled nation's bid to become a full member to the world body,

saying an independent Palestinian state should be established through direct negotiations with Israel and not through U.N. action.

Here at home, President Ferdinand Marcos Jr. witnessed the grand launch of the National Fiber Background Phase 1 project

Here at home, President Ferdinand Marcos Jr. witnessed the grand launch of the National Fiber Backbone Phase 1 project.

Here at home, President Ferdinand Marcos Jr. witnessed the grand launch of the National Fiber Backbone Phase 1 project.

Here at home, President Ferdinand Marcos Jr. witnessed the grand launch of the National Fiber Backbone Phase 1 project.

ICT Department, which is expected to enhance internet speeds in the country.

Phase 1 of the project spans 1,245 kilometers,

bringing high-speed internet access to at least 14 provinces in Northern and Central Zone,

two national government data centers, and four BCDA eco-zones.

President Marcos says government hopes to complete the next five phases of the project in two years.

Nationally, this is the infrastructure that will open employment opportunities,

improve market efficiency, attract foreign investment,

and stimulate livelihood across the different sectors of our economy and our society.

It will close the digital divide and bring to our people the transformative power of free and fast access to information.

It will allow the state to guarantee the people's enjoyment of the internet

as a business and as a source of income.

It is a basic human right.

Once finished, the DICT expects to increase the internet penetration rate

from the present 33% to 65%, reaching 70 million Filipinos.

It will also lower the price of internet connectivity by as much as $5 per mbps.

First Lady Liza Araneta Marcos opening up on her strained relationship

with Vice President Sara Duterte.

She spoke to broadcaster Anthony Taberna on his YouTube channel.

The First Lady said she was always kind to the Vice President,

but she admitted she was hurt when Vice President Duterte attended a Davao City rally

and laughed when her father, former President Rodrigo Duterte,

accused her husband of being a drug addict.

Kumusta kayo ni VP Sara?

I was always kind to her.

When Bong had that bagong lipunan,

she came, and my husband,

that was supposed to be December,

parang to start the new year,

o bagong Pilipinas,

parang huwag na tayo mag-away,

mabait tayo, let's help the people,

and na-postpone, ganyan.

So I think it was in Feb or March, right?

So she went there at 3,

and then she went to Davao.

And then when she went to Davao,

Duterte said,

o bangag, bangag.

Imagine a former president calling,

ano, bangag.

I mean, wow, you had six years,

why would you call, ano, bangag?

Diba?

For me, nasaktan ako,

because my husband will do everything to protect you.

You ran together, diba?

Sama-sama tayo, babagod muli.

Pupunta ka sa rally,

tatawag yung presidente mong bangag,

matatak, diba?

You're going to laugh.

Tama ba yan?

Even Lenny never did that.

There have been speculations of a rift between the two

after the First Lady seemingly ignored Vice President Duterte

during a send-off ceremony last month.

But President Marcos was always maintaining

that he has no issues with the Vice President.

The First Lady also hinted at possible tensions

with her sister-in-law, Senator Aimee Marcos.

In the same interview with Anthony Taberna,

the First Lady was asked about her relationship with the Senator,

who is not keen on defending her,

her brother, from the tirades of the Duterte clan.

This was her response.

Maybe you should ask.

I'm just the outlaw.

I know what line not to cross.

Pero nasa speaking terms ba kayo?

Well, every Sunday, we have a family lunch.

Once, my mother-in-law said,

Iha, hindi mo inibito si Aimee sa mga ano.

Ma'am, ako pa.

May group chat kami.

May lahat sila nandyan.

Sabi niya, anong group chat?

Ah, ma'am, hindi ko na pa.

No, no, but she's always invited.

Kailan pa kayo huling nag-ausap ng civil?

When did we? Christmas, I think.

The President and his sister have differed in positions

or differed in positions on several issues

and policy decisions in the past,

including their stand on the Maharlika Investment Fund

and Charter Change.

The Senator also remains an ally

of the Dutertes despite a deepening rift

between their families.

In other news, the Philippines' dollar reserves

climbed in March,

or numbers that matter for this Friday,

104 billion pesos.

The Philippine Central Bank says

the gross international reserves level

was higher from the 102 billion dollars in February.

This reflects the external liquidity buffer

of over seven months' worth of import of goods.

Payments of services as well as primary income.

It's also six times more than the country's

short-term external debt based on original maturity.

Let's close out the week in corporate stories.

Double Dragon's Hotel 101 project in Japan

secures a CASB rating for sustainability.

Hotel 101 Global signed today a deal with engineering firms

to ensure its Niseko project will meet the standards of sustainability.

The hotel will meet eco-efficient operational standards

and set a benchmark for sustainability

in the Hokkaido region.

The hotel under construction is the first to secure the rating

viewed as Japan's leading framework for evaluating

the environmental performance of buildings.

Back here at home,

Megaworld nets half a billion pesos

from the sale of secondary shares

of its Real Estate Investment Trust.

The M-rate shares of...

over 40 million

were sold to an unnamed buyer

described by Megaworld

as a reputable long-term institutional investor.

The price tag was at 12.30 pesos apiece.

This represents 1.5% of MREIT's total outstanding shares.

Proceeds from the block sale

will be used to develop MREIT's development pipeline.

Now, finally, for stock market heavyweight BDO,

it is raising to 1 peso per share.

Its regular cash dividends on common shares

beginning this second quarter.

BDO, which reported higher earnings for Q1

just yesterday,

says this will be its new dividend policy moving forward.

It also announced that anticipated treasury shares

from SM Keppel's merger with BDO

would be classified as property dividends.

BDO is the surviving entity of that merger,

still subject to shareholder and regulatory approvals.

More corporate stories now.

Fresh from its Sugarhouse acquisition,

Frutas Holdings is ready to add more brands

in its 2024 mergers and acquisition pipeline.

It is looking at adding at least two more new brands this year.

Lester Hughes' firm signed a deal Thursday

to acquire the 40-year-old Sugarhouse bake shop

for a still undisclosed amount.

We are looking at a number of segments

both food and food-ingredient-related segments.

We are looking at potential targets.

We may also look at building them by ourselves.

So that's as much as I can disclose at this time.

At least another two.

I think that's a safe assumption for us.

The local boar is not spared from the bloodbath in Asia.

The PSEI ended today's trade at 64-43.

After shedding 1.2%.

Value turnover was at 5.4 billion pesos.

Taking a look at the Philippine peso now,

the local currency is still hovering at the 57 level

in intraday trading.

William Cabangon of AAA Equities is now here with us

on the Business Roadshow to discuss today's market movements.

Hi, Will. Welcome again to the show.

Hi, Stanley. Thank you for having me back on the show.

Pleasure to be here.

Pretty sobering developments that is affecting markets today.

The retaliation of Israel and Iran

signaling a possible escalation of the Middle East conflict.

Do you sense fear in the way the market traded today, Will?

Well, I think fear is an understatement.

What I sense right now is extreme fear.

Maybe even unjustifiably so.

Today, naturally, we saw strong selling.

But even more so given that it's a Friday.

Obviously, people are afraid.

They're afraid of the geopolitical conflict.

And they want to play it safe

in case things escalate over the weekend.

I think what the silver lining here is

is that, for one,

U.S. futures have already recovered.

They're basically back to where they were

before the missile strike.

And just as the program started,

I saw on Twitter, on X,

that Iran announced that they're not going to retaliate

to this Israeli attack.

That's good, right?

Hopefully, this has been resolved.

But yes, right now, there's extreme fear.

Yeah.

Okay, Will, now, really,

even without the escalating conflicts here,

already, we had our hands full

seeing price rises due to El Nino

in terms of food and even oil prices.

They have been tight in the past few weeks.

We've had increases.

Are there conditions that you're seeing

that this year's price spikes will not be as bad

as last year's inflation highs?

Of 7%?

Because, really, when you look at the trend,

at least for inflation,

we're really, really rising

in terms of that figure that we're trying to manage.

Well, my baseline scenario is that

we don't go anywhere near 7%

just because of base effects.

The only way that inflation goes back

to where it was last year

is if oil prices surge to, let's say, $150 a barrel

or something like that.

It would have to reach unprecedented highs

for us to really start feeling,

for us to start seeing the same inflation numbers

as last year.

But if what we see this year

is generally the same as last year,

inflation should still be pretty contained,

although not nearly where

central banks would like them to be.

All right.

Speaking of central banks,

now, start of the year,

Fed pointed to a possible cut in rates

by the SEC.

From the second quarter

to the second half.

Now, those timelines for rate-cutting

are not even realistic.

And even Fed Bank of New York,

President John Williams was saying,

while a hike is not in the baseline expectations,

it is a possibility.

Is it something also that you're considering as well

for the Banco Central

giving the fresh headwinds

that we're encountering right now?

I mean, let's just speak plainly here.

The BSP is not going to cut rates

with the PESA where it is now.

It's basically pushing 58 pesos.

I think the only way the BSP starts cutting rates

is if the Fed starts cutting rates.

So really,

what we should really be looking out for here

is what inflation looks like in the U.S.

and what the U.S. Fed will do

because we just have our hands tied right now.

Right now, the market is pricing in

one rate cut this year out of the U.S.

Okay.

And I think it's reasonable

to assume that that one rate cut

can still happen both there and here locally.

Okay.

Because, Will, here's what we're getting

as for rate cuts in the Philippines.

One, you have a possible postponement

of rate easing to the first quarter

even of next year

and not even in the fourth quarter

and that the sizes will not be as huge.

Now, just to bring down the key rates to 6%,

this was according to BSP Governor Eli Remolona,

we know rate cuts are the impetus

for the stockholders.

We know that the stock market

at least for the markets to win back those investors.

Now, are you now seeing flattish trends

at the PSE for the rest of the year

or are you still hopeful?

Well, Stanley, I've always said this

that the PSE is a stock picker's market.

It's true that the index has been

a pretty bad sign of what's been going on in the market.

But it's not reflective

of what's on the market.

It's still under the hood.

Yes, on the one hand,

you have property stocks falling off,

but banking stocks are basically all-time highs.

And that sort of divergence in fortunes

is not obvious when you look at the index

because naturally,

our index is weighted towards conglomerates.

It's weighted towards property stocks.

But if you look under the hood,

there are still some really strong winners in this market

that if people were to pay attention to,

you know,

there are still plenty of opportunities

to make money here.

All right.

Now, speaking of banks,

BDO reported yesterday

Q1 earnings at 18.5 billion pesos.

That's up year-on-year at 12%.

Now, this is within most expectations.

But is it still stellar?

I mean, what are your views on earnings for banks this year

given how they have benefited quite considerably

from high interest rates,

not seen to ease anytime soon?

But in terms of base effects,

are you still expecting banks' performance

to be that good as in the previous years?

I absolutely do.

I think banks are in a place where they cannot lose.

If rates stay where they are for longer,

meaning that the rates stay high,

then their margins, their profits will continue to soar.

But, you know,

in a world where rates come down,

suddenly, they all see treasury gains.

They're going to see large appreciations

in their treasury portfolios.

So, really,

they can have their cake and eat it.

I think banks are really one of the brightest spots,

not just in the Philippines,

but probably all over the world.

All right.

Now, many analysts we've spoken to on the show

tell investors that there are still plenty of opportunities

in the stock market,

as you've said so yourself a while ago.

Are these good levels now?

6,400 to re-enter the market

or must they wait?

I think it's a great time to enter selective stocks.

Again, this is a stock picker's market.

I have never been a fan of a shotgun approach

of having what I call an overly diversified portfolio.

There are winners in the stock market

and I think some of them are,

to put it bluntly,

incredibly obvious buys right now

and I think will pay handsomely in the near future.

Okay.

And those incredibly obvious stocks,

now, if you were to name at least three

that are priced currently at bargain levels

with an upside that's optimistic,

what are you seeing?

Sure, absolutely.

So, first off,

you know,

bargain is a very low hurdle.

I think nearly every stock in the Philippines right now

is a bargain

because all these corporations,

their profits are at all-time highs, right?

Even the most battered industries.

Some of these corporations are earning record amounts,

lots of money,

and their stock price was where it was 10 years ago.

So, a bargain is not enough.

So, my top three picks right now are,

well,

are in three different industries.

First is China Bank.

Obviously, we've spoken about how

good of a position banks are in right now,

but the reason why I like China Bank in particular

is because I have a pretty strong feeling

that come August,

if you have the, you know,

the four or five-month waiting holding period,

I think we start,

I think we see China Bank in the PSEI index by August.

Okay, okay.

Number two is a stock that I think would surprise people

given how far it's run up already,

but I still think it's a bargain.

And the second stock is Plus, Digi Plus.

Okay.

Binko Plus.

This is a company that I think people still think

is sort of a small cap stock,

and I think that's incorrect.

This company earned more money

in the fourth quarter of 2023

than Jollibee did.

Okay.

That's how much money this company is making,

and I think its market cap is nowhere near,

you know,

the sort of index level other companies are.

So I think there's still a lot of appreciation

left in the bank for this company.

Okay.

And I think,

and my third pick is from the most battered stock,

from the most battered industry of them all,

and that's property.

I'm not a fan of property stocks in general.

I think commercial real estate is in a bad place

and will continue to be so.

But what I like here is this small cap stock

called HDI House Stock.

They are a low-cost housing developer,

and this is a market that does not have a supply problem.

It's not affected really by, you know,

the exodus of Fogos.

It's not affected by, you know,

the same issues that commercial real estate is in.

And right now they're being priced

at such a cheap valuation

when in fact they have none of the problems

that the bigger boys have.

Yeah.

So, you know,

I think these are three stocks

that will do really well for the rest of the year.

Okay.

We'll see how they'll do in 2024.

Again, Will Caban,

President, AAA Securities,

thank you so much for joining us this afternoon,

as always.

Thank you very much.

All right.

Moving on,

we're stepping aside for a short break.

When we return,

an environment group will be back.

Thank you.

And if the government urges a probe

into the alleged illegal quarrying

in a protected area in Quezon Province,

stay where you are.

We'll be right back.

We'll be right back.

We'll be right back.

Mobility will be key to recovery.

Because we have realized

we have relaxed some of our quarantine methods,

and we have allowed more transportation to come out.

That's going to prove to be better for demand.

If we do follow the health protocols,

the ability of people to move around

will likely contribute better to growth.

Thanks for joining us,

and we will see you next time.

Bye-bye!

Bye-bye!

Bye-bye!

Thank you very much.

Thank you very much.

Jesus Crispin Remulia should know fully well that they should not use a news report as a basis for such allegations.

A Philippine Environment Group urges a probe on the alleged illegal quarrying in a protected area in Quezon Province.

The group Tanggol Kalikasan said Friday it was concerned over reports of such activities on the slopes of Mount Banahaw in Seriaya Town.

The group said aside from its environmental impact, some locals in the area have also complained of the quarrying.

It also said it would meet with local officials next week for their concern.

We need to investigate what is being done from the local government to the protected area superintendent and protected area management board.

And that is also how the provincial mining regulatory board issued the permit because they are responsible for that.

The Luzon and Visayas power grids again placed on alert status on Friday amid thin reserves.

The national grid operator said the Luzon grid will be on.

Red alert from 3 to 4 this afternoon and again from 6 to 10 p.m. due to unexpected surge in demand.

It said 19 power plants remain on forced outage while three are running on low power capacities.

As for the Visayas grid, it is on red alert from 1 p.m. until 8 to night and on yellow alert until 9 p.m.

The red warning means power supply cannot meet consumer demand.

The Luzon and Visayas power grids have been operating under alert.

This week.

As intense heat pushes power demand higher.

The Metro Manila Development Authority is set to launch an information drive about the ban on e-vehicles plying Metro Manila roads.

The ban implemented to reduce accidents involving e-bikes and e-trikes took effect Monday.

But President Marcos called for a one-month deferment of the crackdown on such vehicles to allow the public to become more familiar with the new rule.

In response, the MMDA said,

it will use the pause to educate the public.

Thank you.

We will temporarily announce this incident to let them know that our government is serious in regulating these kinds of vehicles for the first time.

And they will also be informed of the penalty if they are to be arrested.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Opportunity rin.

Kasi pag wala na magiging excuse eh after this one month siguro enough na yan para inform sila to sabihin sa kanila kung saan yung alternative ruta at rin mapaghandaan nila magpapamiting po kami ng mga traffic heads to identify yung mga alternative ruta at makasama po yan sa information campaign.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Thank you.

Despite delays in the coming months with the looming red lightning alert season,

airlines and airport authorities are saying they are ready

and they are appealing for the public's understanding.

Jackie Pascual reports.

Airlines warn passengers of the coming red lightning alert season

which is expected to begin in May.

Budget carrier Cebu Pacific says last year,

there were four red lightning alerts or RLA in April.

But it jumped to 20 in May and 27 in June.

In total, over 1,000 flights of Cebu Pacific alone were disrupted by RLA in 2023.

The airline has now installed additional lightning shelters at Naia

for the safety of ground and ramp workers.

If a lightning strikes, whether it strikes close to that shelter,

whether it strikes actually on that shelter, they're protected.

But on the second hour, if you're at the boarding gates,

we provide meals.

We have spare provisions,

very generous spare provisions to ensure operational resilience

even for things that are beyond our control.

RLA could take a few minutes and even an hour or two

and this had an economic impact on the airline.

Cebu Pacific estimates they lose around 5 to 10 million pesos per month

because of lightning alerts which affect flights

as well as fuel and power.

Philippine Airlines says RLA is declared by the government

as a safety measure to prevent untoward incidents to passengers and personnel.

AirAsia Philippines appeals to passengers for patience during an RLA

as sometimes it can cause a one-hour delay.

For Transportation Secretary Jaime Bautista,

the airport is ready in case more RLA's are issued.

We conform to all these procedures and policies for the safety,

not only of the aircraft, but the personnel that are handling flights.

Working closely to see to it na mabawasan yung inconvenience

kung sakaling magkaroon ng tinatawag na red lightning alert.

Bautista also guarantees na IA will not be underwater

in case a heavy downpour hits the area,

similar to what happened at Dubai International Airport.

Maganda naman yung ating drainage system dito.

Ang pagkakaiba sa Dubai,

ang Dubai kasi hindi umuulan eh, no?

So mukhang hindi naisama doon sa kanilang plano

yung paggawa o pagkakaroon ng magandang drainage system, no?

Bautista also asserts that na IA is ready for any power interruptions

if and when power supply dwindles amid the high heat index.

Last month, na IA suffered a power failure in one terminal

affecting the air conditioning system.

Jackie Pascual, ABS-CBN News.

We're going on another quick break,

but stay tuned when we come back.

Meta launches its improved AI assistance.

Stay with us.

Thank you.

KASIMO

KASIMO

KASIMO

KASIMO

KASIMO

KASIMO

KASIMO

KASIMO

Mobility will be key to recovery

because we have relaxed some of our quarantine methods

and we have allowed more transportation to come out.

That's going to prove to be better for demand.

If we do follow the health protocols,

the ability of people to move around will likely contribute better to growth.

Thank you for watching!

Thank you for watching!

Thank you for watching!

The greatest disruptor of all time is actually COVID-19.

Because of limited mobility, people are also not being able to go to physical branches, etc.

It further accelerated the adoption of consumers of digital channels.

We are now being able to provide the services needed by our citizens, by our consumers.

We are now being able to provide the services needed by our citizens.

We are now being able to provide the services needed by our citizens.

In tech news, Meta introduces a jacked-up AI assistant

based on new versions of its open-source Liyama language model.

Meta co-founder and chief executive Mark Zuckerberg said,

Meta AI is now the most intelligent AI assistant that is free to use.

Being open-source also means developers outside of Meta can customize Liyama 3

and that the company can later incorporate those improvements and insights.

Also, beginning next month, Meta will start labeling, made with AI,

any video, audio, or images when it detects or is told that the content is generated by the technology.

For now, the Liyama 3 is only based in English.

But Meta will soon release more models that can converse in multiple languages.

Now, a telco firm earlier this week has warned the public against clicking links

sent to them by the Liyama 3.

So, let's take a look at the Liyama 3.

The Liyama 3 is a mobile payment system that can be used to send text messages

amid the rise of so-called spoofing.

The scheme, according to Globe, is run by scammers posing as network companies

to access their credit card details and other sensitive information.

And here to discuss that is Ingrid Verona of Globe's mobile payments arm, Gcash.

Hi, Ingrid. Welcome to the Business Roadshow.

Hi. Good afternoon.

It's good to have you here.

Now, tell us first about spoofing in case some of our viewers want to have a clear understanding

of what you're talking about.

how that modus actually works sure um so spoofing is actually a type of cyber attack

in which an actor or a malicious actor disguises their identity or even fakes their identity

to get information from a customer or to to deceive a customer so usually there's you know

then the most common ones would be your email spoofing you have website spoofing and then as

mentioned earlier you have your message spoofing okay uh you know i want to get a clear picture

of just how pervasive this is because based on my own experience i've been receiving quite a

lot lately these are text messages with links that they ask you to click now uh what's the

situation there what happens when you do that okay so what really happens is

that you get ported into whether a website or another platform which actually asks you for more

information usually it's your personal identifiable information um at times when you

click on these links it also ports you into another platform where automatically they can

actually get or penetrate your information or your device information okay just how pervasive

is it right now based on your experience at g cash

how big a problem is it you get a lot of reports lately every day

uh to be very honest there was a time in g cash where you know it's actually our number one

fraud problem or staff problem as we call it but because of the recent security tools and

the recent improvements uh insecurity of g cash we are not seeing it as a top um fraud or scam

okay it's true now so it has diminished sins okay when you talk about the likely victims of

spoofing uh what kinds of users are these i mean are because i mean i would understand if the

younger generations more savvy uh is it specifically targeting the older ones

oh yes there are vulnerable groups that are being targeted and yes your older ones are being targeted

there are still you know younger generations that are being targeted there's actually i don't

think they are choosing any specific cohort now but it is indeed true that usually it's your

more older generation that gets compromised or that gets victimized okay jumping off from what

you mentioned earlier about you know letting people know what this does how this modus works

so they can avoid uh falling victim to scams what are the programs now as far as information

and education are concerned that you are spreading across your markets yep so we do have what

we call a gsafe file campaign it's where we educate our users all of our users on how they can

actually safeguard their information safeguard their assets safeguard their money in gcash and

we are you know going places and using different platforms so that we can ensure that our message

is spread throughout our users

um it is very important to always always check um the transactions that you're doing making sure

that you are only talking to legitimate sellers making sure that you are indeed talking to you

you know a friend or a relative indeed um and you're you know it's not a bogus person with a

bogus identity that is on the other side of the phone um it's also very important that you only

transact with legitimate

sellers uh with legitimate stores and somehow when you go to gcash and when you transact there

uh we we i don't think we have failed in reminding our consumers to always ensure that the number

that they are sending to is a number that they have verified for themselves but apart from that

of course we do have our security tools in place to ensure that while our customers are safeguarding

on their end and we also offer safeguarding

them in our platform okay now ingrid uh telcos can't stress it enough uh these days they've

always said that you know they are not anymore sending they might be sending promo messages

but these messages do not anymore contain links uh which are uh well dubious uh in a lot of spoof

cases spoofing cases now is there any similar campaign on the part of you know fintech companies

like gcash to you know communicate to their clients

and to the accounts that you know uh these practices have been discontinued yeah do you also send links

uh so in gcash we don't have links we do not use links um if there's any communication coming from

gcash informing you to click a link uh via sms or via any social media platform that's not gcash

so we 100 we do not have or we do not initiate links for our consumers all right and what do you

on the part of government when it comes to policy when it comes to you know making sure that

consumers filipinos are protected from scams like these uh what's your collaboration now with the

government authorities on this one yeah actually we do have agreements and we do have relationships

with our local authorities so nbi pnp cicc we even of course partner with um npc nd ict on a lot of

you know the cyber security and cyber

cause that are going on and this is one of them um while we understand that uh there are

you know still maybe locking relevant laws to support um security in the cyber space uh we are

also working with this this authorities to you know put word out there on what can we do both in

public and private institutions again and lastly and maybe just in closing why don't you remind the

public what they need to know to protect themselves from scammers sure thank you so again

ensure that you are talking to a legitimate person ensure that you're dealing with legitimate sellers

ensure that you are not sharing your personal identifiable information and ensure that you do

not share your mp your password and your personal information to others all right clearly this is

not the time to be complacent or lax again

ingrid veronica chief risk officer of jcash thank you so much for joining us today thank you so

much all right moving on social security system brings its campaign against delinquent employers

to nova leeches where 10 employees in its site for more on that we have our correspondent lady

vicentio on the line for the details lady go ahead yes stanley the social security system

is running after 4.8

million pesos worth of delinquencies

by some employers in Quezon City.

In its run against

contribution evaders campaign,

SSS NPR North Division

sent out notice as a violation

to 10 employers in

Novaliches. SSS said

these employers were found out

to be non-compliant in paying

SSS contributions of their

employees, leaving almost a hundred

employees

with no monthly

contributions. Employers

visited by SSS in Novaliches

were in the businesses of manufacturing,

food construction, and

education. Some representatives

of these businesses explained

their non-remittance due to low

profitability coming from the COVID-19

pandemic. Delinquent employers

are given 15 days

to comply after receiving the notice

of violation. Failure to

comply or settle their obligations

can lead to legal action by the

SSS. SSS also

offers installments for

payment of contributions. It also

encourages businesses that

suffered net loss to avail of

their condonation program.

Stanley?

Thank you so much for the update, Lady Vicencio.

The prices of

prime residential spaces in Manila grew

the most during the last quarter of

2023. According to the

Prime Global Cities Index by real estate

consultancy firm Knight Frank,

the luxury housing market in

the Philippine capital grew by

20%.

It's a 6.3% year on

year. The firm says

this increase is driven by

rising housing demand with agents

reporting a surge among expatriates

returning to

manage local businesses.

Now coming in at second is Dubai

with a 15% growth followed

by Mumbai in

India.

And those are the latest in all things

business. I'm Stanley Palisada. Subscribe

to the ANC YouTube channel, like us

on Facebook, and follow us on Twitter.

Join us again on Monday for another

edition of the Business Roadshow.

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