01:18.7
Also today, China's special bond sale kicks off with demand four times the amount on...
01:24.0
I look at the major indices in the region, the Shanghai Composite and the Hang Seng Index are up.
01:30.4
Singapore's Straits Times, meanwhile, was down as the city-state's non-oil domestic exports fell at a slower pace in April.
01:41.8
Let's take a look now at futures in Europe.
01:44.1
They're pointing to a flat open after markets in the region snapped a nine-day winning streak yesterday.
01:51.8
Now, sentiment could be swayed.
01:53.5
By the Eurozone's final inflation reading for April,
01:57.1
which traders hope will cement expectations of a rate cut next month by the European Central Bank.
02:03.2
Stateside now, futures for Wall Street are also muted after the Dow Jones crossed the 40,000 mark overnight.
02:10.3
The major indices, though, are on track for a weekly gain.
02:15.6
The International Monetary Fund issues a rebuke of the Biden administration's higher tariffs on some Chinese goods.
02:23.5
The U.S. person for the IMF said Thursday the move could affect trade and investment and disrupt supply chains anew.
02:31.4
The multilateral lender also warned it could push China to retaliate.
02:35.9
The IMF said the U.S. should maintain its open trade system instead of hiking duties on shipments from China.
02:43.4
It also urged the world's two biggest economies to continue efforts to resolve trade tensions.
02:48.8
U.S. President Joe Biden earlier this week unveiled higher tariffs on Chinese goods.
02:53.5
Including electric vehicles.
02:56.1
Biden's top economic advisor has defended the move as protecting the U.S. from supposedly unfair underpriced exports from China.
03:06.6
U.S. President Joe Biden inks a sweeping aviation legislation that aims to boost safety practices and implement reforms in the industry.
03:15.0
The measure, worth $105 billion, will increase air traffic controller staffing funding to avert runoff,
03:23.5
runway close call incidents, and speed up refunds for cancelled flights.
03:28.3
The U.S. Senate Commerce Panel's chair says,
03:31.4
Plane manufacturers will now see more safety inspectors and tougher safety standards from the Federal Aviation Administration.
03:40.5
Efforts to boost aviation safety in the U.S. have taken on new urgency after a series of near-miss incidents including those involving Boeing 737 MAX 9 planes.
03:54.2
The Philippine Central Bank chief tempers his hawkish tone on policy setting after leaving rates unchanged.
04:01.6
Banco Central Governor Eli Remolona reiterated on Bloomberg TV on Friday their willingness to begin cutting rates once easier liquidity conditions set in.
04:10.7
The Philippines' monetary authority held its key rate unchanged on Thursday, citing still potential price pressures while acknowledging better inflation numbers in April.
04:23.1
They may begin cutting rates by the third quarter.
04:26.4
He also confirmed the Central Bank has sold dollars in small amounts and reiterated readiness to intervene if the peso continues to weaken.
04:35.4
The Philippine currency remains at the 57 level to the U.S. dollar this Friday.
04:42.7
The Philippines' total agricultural trade climbs in the first quarter.
04:47.2
Our numbers that matter this Friday, $6 billion.
04:50.8
This was higher, 2.6%.
04:54.6
In the January-March period, total farming exports was at $1.7 billion while imports accounted for $4.3 billion or 71% of total trade.
05:06.6
Edible fruit and nuts comprised the largest share of exports while cereals accounted for the largest share of imports.
05:17.2
Philippine President Ferdinand Marcos Jr. says lawmakers have identified a supposed alternative scheme.
05:23.1
To bring down rice prices.
05:26.1
Mr. Marcos on Thursday insisted the mechanism would be different but just the same it would allow government to import more of the staple grain.
05:35.2
His comments come as discussions in Congress continue to amend the rice tarification law.
05:40.0
While the push is gaining ground in the lower chamber, the Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:51.3
Details of the new price management scheme will be released on Thursday.
05:52.5
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:53.1
Details of the new price management scheme will be released on Thursday.
05:53.1
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:53.2
Details of the new price management scheme will be released on Thursday.
05:53.3
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:53.3
Details of the new price management scheme will be released on Thursday.
05:53.6
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:55.7
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:56.0
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:56.4
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
05:57.3
The Senate is opposed to reinstating the power of the National Food Authority to import and sell rice over fears of corruption.
06:23.1
first. They will have to decide
06:25.3
which is best. Pagka mataas ang presyo
06:27.2
ng bigas, magbibitaw tayo ng bigas.
06:29.3
Magbibenta tayo ng mababa para
06:31.0
sumunod ang merkado.
06:35.3
Philippine mayors meet with
06:36.8
agriculture officials to discuss the effects
06:38.9
of the prolonged dry spell and food
06:40.8
security. The mayors who hailed from
06:42.9
different regions also raised on Thursday
06:44.9
their concerns on improving
06:46.7
high-value crop production
06:48.3
and constructing farm-to-market
06:50.7
roads. The Agriculture Department
06:52.9
assured local officials that
06:54.7
their concerns will be addressed.
06:57.2
Dozens of areas in the Philippines
06:58.6
have been placed under a state of calamity
07:00.9
due to El Niño, which has
07:02.6
caused billions of pesos in damage
07:08.1
The Philippine Trade Chief touts the
07:10.4
Marcos administration's economic policies
07:12.6
at the annual Qatar Economic Forum.
07:15.5
Secretary Alfredo
07:16.6
Pascual spoke of Manila's competitiveness
07:18.9
in the region during a panel
07:20.8
discussion at a forum on
07:22.9
He says the government's
07:25.3
flagship infrastructure program
07:27.0
has improved the Philippines' water and power
07:29.0
resources, as well as
07:30.9
digital connectivity, among others.
07:33.6
Aside from public works,
07:35.3
Pascual also highlighted government
07:36.8
programs meant to upskill the
07:38.9
Filipino workforce. He also
07:41.0
vows government will continue to improve
07:43.0
policies and programs that will
07:45.1
further attract foreign investments
07:46.9
and support the country's
07:52.7
Migrant Workers Department
07:54.0
says Austria is hiring more Filipino
07:56.6
skilled workers to meet its labor demand.
08:01.0
Hans-Leo Kakdak says
08:02.6
Vienna plans to recruit
08:04.5
500 Filipino workers annually
08:06.6
as it grapples with a labor
08:08.6
shortage in several industries.
08:11.3
The two nations signed labor
08:12.7
deals last year for the hiring of
08:14.7
Filipino nurses and other
08:16.7
skilled workers. There are currently
08:18.8
5,000 OFWs working
08:20.9
in Austria. Deployment's
08:22.7
of Filipinos to the European country
08:24.5
more than doubled in 2022.
08:29.1
In other news, the Lopez Group
08:31.1
formally inks a partnership
08:32.6
with the Philippine Environment and Energy Departments
08:35.2
for the protection of the
08:37.2
Verde Island Passage.
08:39.1
Jackie Pascual tells us more.
08:42.6
The Department of Environment and Natural Resources
08:45.3
and the Department of Energy
08:47.2
have partnered with First Gen Corporation
08:49.5
and the ABS-CBN Foundation
08:51.1
for the protection of the Verde Island
08:53.5
Passage in Southern Luzon.
08:55.5
During the signing of the Memorandum of Agreement
08:57.7
in Makati, Environment Secretary
08:59.8
Maria Antonia Yulo-Loyzaga
09:01.8
thanked the Lopez Group
09:03.2
for protecting the Verde Island Passage
09:05.6
for over two decades now.
09:07.6
She stressed the area is a center
09:09.5
of marine biodiversity
09:10.9
that must be continuously protected
09:13.7
as it is also located
09:15.3
in a busy shipping lane
09:16.7
and near populated areas.
09:18.9
First Gen and the ABS-CBN
09:20.9
Foundation are the pioneers
09:22.7
in this important area
09:24.3
in terms of the support for science
09:27.2
as well as the championing of ESG
09:29.2
and climate action.
09:30.9
The Sea Institute was established
09:32.4
through the work of former DNR Secretary
09:34.5
Gina Lopez in 2009.
09:37.2
The partnership will scale up
09:38.7
the works already done by the DNR
09:40.7
and First Gen as they also
09:42.5
intend to do more research
09:44.3
and monitoring efforts.
09:46.5
First Gen, a leader in renewable energy
09:48.8
and the ABS-CBN Foundation,
09:50.9
are glad to collaborate with government
09:52.8
and various stakeholders
09:54.3
to protect the Verde Island Passage
09:56.5
and to also engage communities
09:59.7
Protecting and conserving
10:00.8
our natural resources
10:02.8
requires genuine collaboration
10:05.0
among government,
10:06.2
the private sector,
10:07.5
and all stakeholders,
10:09.0
especially at this time
10:10.3
when solving the climate crisis
10:11.8
should be our ultimate goal.
10:14.0
Our aim has always been
10:15.2
how to best address
10:16.7
the complex issues
10:17.9
that face the communities
10:20.9
Develop their understanding
10:23.2
and nurture their respect
10:25.1
and love for the sea.
10:26.9
We knew that protection
10:28.5
and conservation needed to be woven
10:31.0
into the lives of the people,
10:33.3
the local government.
10:34.4
Energy Chief Rafael Utilia, meanwhile,
10:36.6
is elated that many energy companies
10:38.6
are beefing up environmental projects.
10:41.5
Last week, a similar MOU
10:42.9
was signed with Aboites Equity Ventures,
10:45.7
Metro Pacific Investments Corporation,
10:47.6
and San Miguel Corporation.
10:49.1
We must make sure
10:50.9
that we take all steps
10:54.0
together with all the stakeholders
10:55.7
in order to protect the environment.
10:59.5
Utilia says a wind energy project
11:01.7
is possible at the Verde Island Passage
11:03.9
pending more studies.
11:06.2
Jackie Pascual, ABS-CBN News.
11:09.9
The Philippine government
11:11.5
is selling its stake
11:12.8
at a major expressway
11:14.2
in the Central Luzon region.
11:16.2
Finance Secretary Ralph Recto
11:17.6
told reporters on Thursday
11:19.1
the state's ownership
11:20.5
of the wind energy project
11:20.9
at the Subic-Clark-Tarlac Expressway
11:24.8
to government-run pension funds.
11:27.2
He says the SSS and GSIS
11:29.5
will benefit from the move
11:30.8
which he believes
11:32.0
will boost the revenue significantly.
11:34.9
Recto's remarks came
11:36.1
after the Basis Conversion and Development Authority
11:38.7
announced its plan
11:39.7
to sell its 50% stake in SC-TEX
11:42.8
to Metro Pacific Tollways
11:46.3
for at least 20 billion pesos.
11:49.1
The SC-TEX is a non-profit
11:50.9
94-kilometer expressway
11:52.7
that traverses the provinces
11:54.1
of Bataan, Pampanga, and Tarlac.
11:57.2
Under the current management
11:59.3
50% of the revenues
12:01.0
go to the Pangilinan-led
12:03.5
while the remaining
12:04.7
goes to the BCDA.
12:08.7
Let's wrap up the week
12:09.9
in corporate stories now.
12:11.3
Philippine conglomerate
12:12.1
Ayala Corporation
12:13.2
begins its divestment
12:16.8
it finalized deals
12:18.1
to sell its shares
12:19.1
and those of its two units
12:20.7
in the water concessionaire
12:23.7
of Enrique Razon.
12:25.8
The shares are equivalent
12:26.8
to 14.5 billion pesos.
12:29.5
Razon's Trident Water
12:30.7
acquired a 25% stake
12:32.6
in the company in 2020.
12:35.8
will continue to divest
12:39.1
in the next five years
12:40.3
when its preferred shares
12:41.6
are fully paid for.
12:44.4
Also in acquisitions,
12:45.8
Voitis Power closes its purchase
12:47.5
of additional stake
12:48.7
in coal plant operators
12:50.3
Teag State Power.
12:52.1
Total purchase price
12:53.3
was at 11 billion dollars
12:54.8
or 634 million pesos.
12:58.5
Now this brings to 85%
13:01.0
of Voitis Power's
13:02.1
equity interest in the company.
13:05.6
Philippine Airlines
13:06.3
boosts its fleet management
13:08.7
with Spanish charter firm
13:12.2
is leasing two units
13:13.5
of its Airbus A330-200 aircraft
13:16.7
to fly passengers
13:18.2
from Manila to Sydney
13:21.4
Powell says the move
13:23.1
operational resilience
13:25.1
ahead of the peak travel period.
13:28.0
The agreement takes effect
13:35.2
on the Philippine stock market's
13:39.7
to the trading week.
13:41.5
six-tenths of a percent
13:43.2
to close at 6584.
13:45.8
Also from the PSE today,
13:47.4
it's suspended trading
13:48.2
of several companies
13:49.8
over their failure
13:50.8
to file their annual report
13:54.9
Davao businessman
13:55.8
Dennis Uy's Chelsea Logistics
13:57.6
and Phoenix Petroleum
14:00.1
Philippine InfraDev Holdings.
14:04.2
For market analysis
14:06.8
stock market analyst
14:10.7
Yeah, good afternoon, Stan.
14:14.1
Alright, let's talk
14:16.6
What do your charts
14:18.4
the near-term possibilities
14:19.8
This kind of market?
14:22.5
from the recent correction?
14:27.0
technical or charting
14:30.7
I agree with you.
14:32.7
and I still believe
14:40.3
we're still good.
14:44.1
surprises locally
14:45.3
or even globally,
14:51.7
6500 is strong enough
14:55.8
As you can see, Stan,
14:57.4
we have a breakdown
15:01.6
two to three weeks
15:10.6
That's a good sign
15:19.5
or even below 65.
15:25.6
to even higher levels.
15:29.2
the 10-year bond yield now.
15:30.6
It's dropping 6.8
15:33.6
Are there significant
15:35.0
to riskier assets
15:41.6
it is more advisable
15:44.9
preparing to shift
15:46.7
to more riskier assets.
15:49.7
already anticipated.
15:56.1
here in Philippines
16:06.3
And many investors
16:08.5
to take more risk
16:22.2
than the previous year.
16:24.4
I think we should
16:34.6
given the consolidations
16:36.0
in the past days,
16:39.3
seeing the market
16:40.5
in our range trading,
16:42.0
I'm worried about
16:42.6
the relative strength
16:53.8
buying at these levels
17:01.4
considering that one
17:05.0
to the individual
17:07.1
But for a general
17:10.6
maybe I'll buy more
17:28.4
we will be having
17:33.1
or lowest levels.
18:02.2
further consolidations
18:07.8
or 64 seems to be
18:11.2
What's the toughest
18:11.9
resistance this market
18:19.7
our strong support
18:50.0
about today's trade now.
18:51.8
track stabilizing
18:53.5
beyond desired ranges
18:57.8
there's a glimmer
18:59.3
lying in the hints
19:00.3
that rate cutting
19:01.5
as early as August
19:02.5
or third quarter.
19:05.4
today in the market?
19:07.8
I don't think so,
19:41.6
inflation numbers
24:29.6
either direction?
28:43.7
tourist destinations.
28:54.5
franchise consolidation
28:57.8
livelihood programs.
29:08.8
said unconsolidated
29:12.4
transport cooperatives
29:14.7
their livelihood.
29:17.0
begun apprehending
29:17.9
unconsolidated PUVs
29:26.4
International Day
29:27.3
Against Homophobia,
29:31.8
The Asian Development
29:33.5
commemorations for it.
29:37.9
about this event.
29:39.3
What can you tell us?
29:43.0
Tiveros was among
29:44.7
at the Asian Development
29:47.0
of the International
29:52.7
that the Equality
30:01.2
Committee on Rules
30:04.2
religious groups.
30:10.6
Family Relations,
30:11.7
and Gender Equality
30:18.8
Committee on Rules
30:20.4
remained for more
30:22.9
She expressed hope
30:29.1
that the Executive
30:31.1
Senate to release
30:32.8
Committee on Rules
30:34.7
legislative process
30:39.9
meantime stressed
30:55.5
towards furthering
31:01.5
generations to come
31:04.6
strides that we're
31:19.7
to place ourselves
31:27.6
of Representatives,
32:11.5
At the same time,
32:32.0
operator recently
32:44.2
receiving reports
32:49.5
Soricitor General
33:02.3
currently gathering
33:03.1
relevant information
33:25.5
kanyang Application
33:26.5
for Registration.
33:41.3
misrepresentation
33:47.6
disqualification.
33:52.5
information in her
33:56.5
Filipino citizen.
33:58.7
professor meanwhile
34:09.4
is yung tinatawag
34:12.2
munisipal official
34:22.0
nagsinuwaling siya
34:47.3
nakita ko na yan.
34:52.2
nakakusap ko na yan
34:53.1
dahil tagawad na ako
34:58.6
aside for days now
35:07.6
Interior Department
35:15.2
Undersecretary Juan
35:25.9
to the ombudsman.
35:28.6
is being conducted
35:36.2
at binigay na namin
35:37.9
parang ombudsman na
35:40.6
mga local government.
35:41.6
Kine-question na ngayon
35:44.1
Filipino citizenship
35:52.8
yung Filipino citizenship
35:56.4
ng ating task force
36:08.4
Southern Philippines
36:09.9
of terror financing.
36:12.3
Regional Trial Court
36:13.3
handed a life sentence
36:16.3
who is considered
36:18.1
of the Islamic State
36:19.5
inspired Maute group.
36:23.1
of 500,000 pesos.
36:25.3
Maute was arrested
36:26.9
in Lanao del Norte.
36:28.8
Philippine Justice Secretary
36:29.8
Jesus Crispin Remulia
36:31.1
hailed the court's decision.
36:33.8
will not let terrorism prevail
36:43.7
Miralco Business Center
36:45.3
the latest power race
36:46.3
hikes in Metro Manila.
36:47.9
Andrea Taguinas reports.
36:53.1
Gabriela Women's Party
36:54.5
and other women's groups
36:57.5
Miralco Business Center
36:59.3
Quezon City this morning
37:00.4
to express their dismay
37:02.1
over the latest increase
37:05.7
Utility for Miralco
37:06.7
announced last Tuesday
37:11.5
per kilowatt hour
37:14.2
per kilowatt hour.
37:16.2
a residential customer
37:17.5
consuming 200 kilowatts
37:20.4
can expect an increase
37:22.8
in their electricity bill
37:25.2
Gabriela Party list representative
37:26.6
Arlene Broza said
37:28.0
this is unacceptable
37:30.7
the series of brownouts
37:32.6
have been experiencing
37:34.4
whenever the Luzon grade
37:36.7
yellow or red alert.
37:40.3
to join her in moving
37:42.8
the Electric Power
37:43.6
Industry Reform Act
37:53.8
tumataas yung presyo
38:01.1
at ng mga kananayan
38:08.9
at liberalization
38:13.1
hindi nare-regulate
38:21.1
para siyang negosyo.
38:22.7
Electric cooperatives
38:24.0
and some provinces
38:24.9
have also announced
38:25.9
a hike in power rates
38:28.2
and Negros Occidental
38:29.4
where electricity rates
38:32.1
3 pesos per kilowatt hour
38:34.8
The Energy Regulatory
38:35.7
Commission earlier said
38:39.3
electric cooperatives
38:41.0
not to disconnect
38:44.4
electricity bills
38:51.5
another quick break
38:53.3
When we come back,
38:56.3
foreign trespassers.
39:43.5
We do see a trend
39:45.7
are not able to employ
39:46.2
Employers are adapting
39:48.0
to the candidates' needs,
39:50.6
to not just attract
39:53.7
get them to stay.
39:55.7
Gone are the days
39:57.4
you spend your entire
39:58.4
career in one company.
40:00.1
Employers very much
40:02.1
candidates look for,
40:03.8
continuous growth
40:06.1
In order to adjust
40:07.6
those particular needs,
40:09.2
employers also adjust
40:10.5
how they operate,
40:12.8
we see more employers
40:14.6
work-life balance
40:21.2
opportunities are being
40:26.7
candidates still stay
40:28.6
candidate standpoint,
40:30.3
that continuous learning
40:31.5
is extremely important.
40:45.3
the Business Roadshow.
40:46.1
The Philippine Coast Guard
40:49.5
China's latest regulation
40:51.0
that allows its Coast Guard
40:52.2
to detain foreigners
40:53.4
suspected of illegally
40:55.0
crossing its borders.
40:57.5
Commodore Jay Tariela,
40:58.7
the PCG spokesperson
40:59.9
for the West Philippine Sea,
41:02.0
the Chinese policy
41:03.6
and does not apply
41:04.6
to the Philippines'
41:05.6
exclusive economic zone.
41:07.9
He also warned China
41:09.0
of the repercussions
41:10.1
of implementing this law.
41:14.4
China would also have
41:21.0
law that they are
41:25.6
who will be affected
41:28.2
implement it also
41:32.2
where Vietnamese,
41:35.7
and other Southeast Asian
41:41.2
So it's a very big
41:43.4
and it would really
41:48.1
because it's not just
41:55.7
countries that will
41:57.3
It will not do them
42:01.5
it's only the Philippines
42:02.5
who has been very vocal
42:03.6
in exposing their
42:05.0
in the West Philippine Sea.
42:08.8
no longer hesitate
42:10.2
to implement this
42:11.4
domestic law of China,
42:13.8
they have to deal
42:14.7
with more countries
42:15.7
in Southeast Asia.
42:20.0
A Filipino-Chinese
42:22.0
concerned over the
42:22.9
economic consequences
42:23.9
of the rising tensions
42:27.2
For more on this,
42:29.1
the President of the
42:30.0
Federation of Filipino-Chinese
42:31.4
Chambers of Commerce
42:33.4
Dr. Cecilio Pedro.
42:36.6
on the Business Roadshow.
42:38.3
Yes, good afternoon.
42:40.0
Pleasure to be back here
42:42.5
Maraming salamat po.
42:43.6
Maraming salamat din po.
42:44.7
I know we've been
42:45.7
hearing a lot about
42:46.9
the maritime dispute
42:48.8
and I'm wondering,
42:50.9
what kind of strain
42:51.9
is this now putting
42:53.0
on the economic ties?
42:55.0
We know for a fact
42:56.2
China is our leading
42:59.5
That's very correct.
43:01.3
we put a lot of emphasis
43:03.0
more on the trade
43:05.1
being the biggest
43:08.5
for the Philippines
43:10.8
It's very important
43:13.9
relationship with China.
43:15.7
The West Philippine Sea
43:17.7
is just one of the issues
43:19.0
we can take up with China.
43:20.9
But at this point,
43:22.7
in total agreement
43:24.4
based on the discussion,
43:26.6
whether it's public
43:27.5
or even privately,
43:31.0
make this an issue
43:34.5
from moving forward
43:35.5
as a trading partner,
43:37.3
as a business partner,
43:38.9
as a friendly partner
43:40.5
and a friendly neighbor.
43:44.5
We should continue
43:45.7
and this wonderful relationship
43:48.5
several hundred years,
43:56.0
with our neighbor,
44:00.3
is there a way of managing,
44:01.8
in your own personal view,
44:03.0
is there a way of managing
44:05.2
without really compromising
44:07.0
or sacrificing so much
44:11.9
and traditional relations
44:13.3
with this trading partner?
44:15.7
The word I like to use
44:19.9
How do we de-escalate?
44:22.0
first and foremost,
44:26.8
communication channels
44:29.0
between the two parties.
44:32.5
that will sit down
44:34.4
and discuss with them
44:35.5
what are the things
44:36.7
we can do together
44:37.8
and what are the things
44:39.9
or what are the things
44:43.5
What we cannot disagree on,
44:46.6
and let us look at
44:48.0
what we can agree on
44:49.4
and move forward.
44:51.2
it's like a couple.
44:57.5
They're still fighting.
45:04.8
of working together
45:11.5
And these are the areas
45:21.0
na ginamit namin is
45:28.8
pagtulungan natin
45:31.9
Hindi makikipag-away
45:38.0
This is what I think
45:58.4
which is not good
46:06.1
Papalikan din tayo.
46:08.4
fighting each other
46:14.4
mutual understanding
46:15.9
and mutual respect.
46:18.2
is mutual respect.
46:22.2
How do we start that?
46:25.6
and communicating
46:28.9
established the fact
46:30.5
we are more than ever
46:31.7
strange bedfellows
46:33.2
China and the Philippines
46:36.6
when you talk about
46:38.9
but when you talk
46:40.2
about the territorial
46:44.8
that the government
46:46.5
compartmentalizing
46:50.1
and all the other
46:52.6
on opposing sides
46:55.8
compartmentalizing
47:01.4
challenge right now.
47:03.9
Compartmentalizing
47:20.7
But if we look at
47:34.3
all over the world
47:37.7
Last year we have
47:46.6
So these are areas
47:51.5
Tapos pinag-usapan natin
48:02.4
you know the restrictions
48:03.8
and the upcoming ones
48:05.0
even when you talk
48:06.7
to the Philippines
48:07.5
by Chinese tourists
48:10.3
are you getting now
48:11.0
from Filipino-Chinese
48:13.6
Regarding the tightening
48:14.9
of these requirements
48:15.9
for Chinese nationals
48:17.1
whether as students
48:19.3
does it have any impact
48:22.3
it should be handled
48:25.7
when you talk about
48:28.9
tourists and businessmen
48:30.2
coming into the country?
48:32.1
That's very correct.
48:39.8
not just with China
48:40.8
but with other countries
48:44.0
in fact in many countries
48:50.0
any Chinese can go there
48:52.0
and you can visit
49:13.0
all over the world
49:14.6
to look for business
49:16.6
more restrictions
49:18.6
everybody will be required
49:21.6
they don't identify
49:22.6
whether you're a student
49:27.6
as a tourist first
49:29.6
the facility is good
49:34.6
so if you restrict
49:36.6
knowing that they are
49:38.6
and they could be students
49:39.6
they can go to Singapore
49:40.6
or go to Malaysia
49:41.6
or go to other countries.
49:44.0
but we have a distinct
49:46.0
in the Philippines
49:51.0
is one of the highest
49:52.0
here in the Philippines
49:57.0
to attract tourists
49:58.0
to attract students
50:00.0
not just to learn
50:02.0
but to learn about
50:06.0
Philippine culture
50:16.0
the members of the Chamber
50:17.0
about the recent developments
50:19.0
between the Philippines
50:21.0
has it really affected
50:22.0
I mean is there any
50:23.0
anecdotal accounts
50:25.0
that you can share
50:27.0
may efekto na talaga
50:29.0
this is really hitting
50:33.0
just a few days ago
50:34.0
we had a hard time
50:44.0
on Chinese culture
50:46.0
and Chinese development
50:49.0
and they had a hard time
50:50.0
getting the visas
50:52.0
and one or two of them
50:55.0
because of the visa
50:59.0
hindi lumabas yung visa nila
51:01.0
for them to travel
51:15.0
that Chinese engineers
51:19.0
dalawa lang naman
51:26.0
to run the machines
51:29.0
so pinagtsagaan namin
51:34.0
as soon as possible
51:44.0
should be granted
51:46.0
hindi na kailangan
51:48.0
hindi na kailangan
51:55.0
I can still hear you sir
51:57.0
somebody called in eh
52:03.0
for people to travel
52:08.0
nationalities as well
52:18.0
to come in and travel
52:29.0
and by working together
52:31.0
yan ang challenge natin
52:33.0
Dr. Cecilio Pedro
52:34.0
President of Federation
52:35.0
Filipino Chinese Chamber
52:39.0
thank you so much
52:40.0
for this conversation sir
52:41.0
have a great weekend
52:44.0
thank you for inviting me
52:52.0
in the 30 under 30 list
52:56.0
TikTok content creators
53:00.0
Filipino rap sensation
53:04.0
for her brainchild
53:06.0
the cross-border payment
53:07.0
startup simplifies
53:12.0
in the media marketing
53:13.0
and advertising category
53:14.0
Kua is the founder
53:18.0
on the Southeast Asia
53:20.0
and those were the latest
53:21.0
in all things business
53:22.0
I'm Stanley Palisada
53:23.0
subscribe to the ANC YouTube channel
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53:25.0
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53:26.0
and join us again
53:28.0
for another edition
53:29.0
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53:38.0
I'll see you next time
