01:30.0
The West Philippine Sea is not just our mind. It is ours.
01:39.9
The West Philippine Sea is...
01:41.7
Wild applause and a standing ovation.
01:49.1
This is how the audience received the President's reiteration of the country's resolve to fight for its sovereign rights in the West Philippine Sea
01:57.0
while staying committed to a peaceful resolution.
02:00.0
The Philippines and China recently reconvened the bilateral consultation mechanism after tension in the West Philippine Sea went dangerously high during a June 17 rotation and resupply mission where the China Coast Guard boarded Philippine Navy vessels, took several firearms and injured a Filipino crew.
02:22.1
Both sides immediately agreed to de-escalate tensions and after a series of consultations,
02:30.0
with another understanding for a provisional arrangement in the conduct of the Philippines' rotation and resupply mission to BRP Sierra Madre in Ayungin Shoal.
02:39.3
The Department of Foreign Affairs did not provide specifics on the said arrangement but assured that the agreement will not prejudice the Philippines' position in the South China Sea.
02:51.6
China's foreign ministry confirmed the agreement but reiterated its claims on Renai Zhao, its Chinese name for Ayungin Shoal.
03:00.0
China also insisted that the Philippines must remove the BRP Sierra Madre in Ayungin Shoal.
03:06.1
And while China allows the provision of food and living necessities to Filipino troops,
03:11.5
it vowed to stop delivery of large amounts of construction materials to repair the warship or attempt to build a more permanent military outpost.
03:21.5
The DFA, however, immediately refuted the insinuation that the Philippines agreed to providing any advance notice,
03:30.0
along with China's on-site confirmation and monitoring on the Philippines' future resupply missions.
03:36.3
The DFA reiterated the Philippines remains steadfast in fighting for its legal rights in Ayungin Shoal, which is within its exclusive economic zone.
03:47.1
But to de-escalate tensions, the Philippines is ready to implement the agreement.
03:51.9
What remains unclear, however, is whether the Philippines agreed not to bring construction materials for the repair of the BRP Sierra Madre.
04:00.0
Despite this, many are supportive of the dialogue between the Philippines and China, even members of the international community.
04:08.5
Well, I hope it holds.
04:10.4
It's very important to have a dialogue.
04:13.1
Dialogue is an important component of bilateral relationship and I commend the Philippine government for their hard work in trying to de-escalate the situation while protecting the rules-based order and their sovereign rights.
04:26.9
The Philippines already explained that while it is open,
04:30.0
it will also continue pursuing other efforts to advance the national interests and security, including reinforcing alliances with friendly nations.
04:41.6
A third defense cooperation has been signed recently in the form of the Reciprocal Access Agreement with Japan, but it still requires ratification from Congress.
04:51.5
The Department of National Defense admits it has yet to be briefed on the details of the agreement between the DFA and the China Foreign Ministry.
05:00.0
Despite this provisional deal, Defense Secretary Gilberto Teodoro underscores the need to continue pursuing a credible defense future as he expects several defense cooperations to be signed next year.
05:14.1
He says talks are ongoing for a similar Visiting Forces Agreement or VFA with France, Canada, New Zealand, and the United Kingdom.
05:22.4
We cannot be deterred from doing what we need to do in order to build up our credible defense posture.
05:30.0
This includes our alliances with like-minded nations for the upholding of a rules-based international order.
05:39.6
Once the RAA with Japan is ratified, the Philippines will have three defense agreements along with the VFAs with the United States, Australia, and Japan.
05:49.4
The agreements aim to allow exchanges in expertise and equipment to increase the capability of the Philippine Armed Forces in securing Philippine territory and sovereignty.
06:00.0
The President also thanked the AFP, Coast Guard, and all Filipino fisherfolk who continue to assert the country's rights in the West Philippine Sea.
06:25.8
Zen Hernandez, ABS-CBN News.
06:30.0
Philippine Senators expressed their overwhelming support for a directive by President Marcos Jr. to ban offshore gaming operators.
06:40.8
Authorities are confident its impact on the economy will be minimal.
06:49.2
Effective today, all Pogos are banned.
06:53.6
At over an hour long, President Ferdinand Marcos Jr.'s third statement,
07:00.0
a native denation address drew cheers from lawmakers.
07:03.1
The most applauded part, his ban on Pogos.
07:05.9
Even Opposition Senator Risa Ontiveros was prompted to give the Chief Executive a standing ovation.
07:11.1
First time I stood up to clap for the President.
07:15.4
This one was the first time for me to stand up and applaud at ASONA dito sa kanilang disisyon laban sa Pogo.
07:24.2
I was very relieved and of course very glad kasi there was a certain point.
07:30.0
Ako patapos na si Presidente sa ASONA nila.
07:33.1
And incredulous ako na ano, hindi niya babanggitin ng Pogo.
07:38.7
Tapos biglang sa huli pala, malaking tagumpay ngayong araw sa mga babae at bata na nagsumbong laban sa Pogo.
07:47.6
Tagumpay sa mga whistleblowers na nagsumbong tungkol sa Pogo.
07:51.9
His man and the Philippine Amusements and Gaming Corporation vows compliance.
07:55.8
Despite concerns it will lead to the proliferation of illegal Pogos and the displacement.
08:00.0
I think what's very clear, the President has already spoken.
08:04.5
Meron tayo hindi kitukuha ng 6 na buwan para ating kamparan ang kanyang utos na i-dismantle or huwag nang pagpatuloy pa ang Pogo.
08:17.4
Ang concern ko talaga yung mga trabaho doon na mawawala ng hatat buhay.
08:23.0
Ngayon din naman yung mga ibang negosyo na nakakabit sa mga Pogo.
08:28.9
Senator Grace po.
08:30.0
He called it one of the best parts of his speech while Senator Sherwin Gatchalian, who has been advocating for the eradication of Pogos, couldn't agree more.
08:37.5
Talagang nakakaluha, nakakatuwa at ito yung masasabi natin na magbibigay ng katahimikan at kayusan sa ating bansa.
08:49.6
House Ways and Means Committee Chair Joey Salceda points out that the President's decision affects his own office because Pagcor emits money to the office of the President.
08:58.1
The key risk there is that...
09:00.0
Pogo is just part of a small part of a bigger part called IGL, which is the Internet Gaming Licenses.
09:09.2
That's 43 billion or 43% of Pagcor.
09:12.5
The President's assertions on territorial integrity also garnered resounding approval from the audience.
09:18.0
Ang tagal ko nga inihinta yun eh. Sa simula, sa gitna, hanggang doon sa bandang huli.
09:22.5
So yun pala yung mga last jolts and nagkaroon di umano ng exchange of diplomatic notes.
09:30.0
Matatag pa rin yung posisyon ng pamahalaan na hindi tayo, hindi natin ibibigay yung ating pag-aari.
09:37.0
Sana ilahad yung, ilahad yung nilalaman yung contents ng diplomatic notes na patungkol doon sa pagpapayag ng pagpasok natin sa Ayungensyol para mag-resupply.
09:49.0
Other parts of the sauna that received applause were his pronouncements on education and his administration's bloodless campaign against illegal drugs.
09:56.4
What really struck me was the latter half.
10:00.0
The latter part of the address, which is really the political aspect.
10:06.2
It actually, to my mind, a repudiation of his predecessor, particularly the policies and the politics of his predecessor, President Rodrigo Duterte.
10:23.1
His approach to the drug war, which he claimed to be bloodless.
10:26.3
Former Senator Panfilo Lacson praised the President for standing pat on one side.
10:30.0
But he's right and wrong.
10:31.7
House Deputy Minority Leader Franz Castro, however, scored the sauna for not saying anything about increasing the entry-level wages of teachers.
10:39.1
While Gabriela Wimens, part of his representative Arlene Brosas, found the speech lacking in details.
10:43.8
Very general, eh. Very generalizations on food, on nutrition, on security.
10:49.0
Kung hindi mo talaga gagawin yun ng programa, policy reforms at kung ano-ano pa, hindi rin yun magmamanifest sa ating bansa.
11:00.0
Philippine economic managers and business leaders welcome President Marcos Jr.'s promise in his State of the Nation Address to combat the country's high inflation.
11:12.2
But labor groups criticized him for allegedly failing to address the concerns of ordinary workers.
11:18.8
Jackie Pascual reports.
11:21.7
Business leaders gave President Marcos' Third State of the Nation Address positive reviews, particularly the ban on Pogos.
11:29.3
This comes amid mounting calls to shut the doors on this sector, which has been to many illegal activities.
11:36.2
That's a very popular decision that it must be taken away.
11:42.5
What we were just saying is that yung mga may license, dapat i-pace out.
11:47.3
And I think end of year is a good pace out.
11:49.8
Ideally, upside, pero ang reality, this is the business that brings in the kind of people we don't want.
11:59.3
Yung moral fiber ng bansa natin, na-epektado.
12:03.3
Economic managers, including Secretary Frederick Gohoy, Special Assistant to the President for Investment and Economic Affairs,
12:09.7
and Trade Secretary Alfredo Pascual, say they don't see any major impact on the economy.
12:15.8
Many foreign direct investments and none of them have anything to do with Pogo.
12:19.8
When the country has better governance, better procedures, more transparent procedures, it's always good for business.
12:27.2
In the business sector.
12:29.3
The business sector always looks for predictability, transparency, and good governance.
12:34.5
The Labor Department says it's ready to assist those who may be displaced by the ban.
12:40.2
Hindi naman ganun karami ang mga manggagawa na maaaring maapektuhan generally dun sa sinabing pagbaba ng Pogo.
12:48.8
In Paksa ngayon, ang legal lamang na internet gaming licenses ay humigit kumulang 43 na lamang.
12:59.3
So, nagpo-profile na ngayon ang Department of Labor and Employment para matignan kung anong klaseng intervention ang pwedeng may pagkaloob ng dole
13:07.6
dun sa mga posibleng maapektuhan o ma-displace ng mga manggagawa.
13:11.4
The PCCI and other economic managers also express optimism on the President's various statements to improve transportation, the power sector, and ease of doing business, among others.
13:23.3
Yan ang complaint ng mga foreign investors. Mahalang Korean din natin.
13:29.3
At saka yung sinabi ni Presidente na yung improvement sa grid kaya yung sa panay, although yung red alert, yellow alert, pero at least man, ma-maintain. Wala naman yung mga extreme.
13:44.3
Talagang napaka-importante ng mga transport projects, especially airports, seaports, nabanggit niya seaports, nabanggit niya mga rails, and ito talaga ay mag-a-address ng mga problema natin.
14:01.4
Overall, economic managers and business leaders are satisfied with the economic plans laid out by the President as they hope to see continued growth for the country.
14:16.3
Meanwhile, protesters voiced their call for an increase in wages and job security amid higher prices of commodities.
14:23.8
Simple lang ang pwede niyang gawin. Dapat isertify niya sa urgent.
14:29.3
Pagdagsahod sa House of Representatives.
14:32.7
The protesters faced off with the police in front of a hospital along Commonwealth Avenue, Quezon City.
14:38.7
But the confrontation did not turn violent.
14:42.3
On the other side of the road, a group of Marcos supporters also held a rally.
14:47.5
Pagbabago, hindi po siya overnight success. There's a process po, step-by-step process.
14:53.3
At ito po ay unti-unti pong naisasakatuparan. Ang hiling lang ng ating Pangulo, of course, ang kanyang trust ay solidarity and unity among all the Filipino people.
15:06.4
Jackie Pascual, ABS-CBN News.
15:11.0
Proposals to change the Philippine Constitution are not on top of the Senate's to-do list as the country's 19th Congress formally opens its third regular session.
15:21.2
Vivian Gulia reports.
15:23.3
As the Senate opened the third regular session of the 19th Congress, Senate President Francis Escudero shunned divisive proposals such as charter change.
15:36.4
Pending bills on charter change will be placed in the backburner and will follow the ordinary and regular process of legislation, if at all.
15:44.9
In its stead, bills which can affect the same result but without the needless political noise and bickering will be prioritized.
15:53.3
Escudero proposed a three-way test for prioritizing bills. It is asking these questions.
16:01.2
Will it make the lives of people easier, help them move faster, and make citizens' burdens lighter?
16:07.0
The Senate President appeared to justify the pace of legislation in the upper chamber as the Senate is often compared with the House of Representatives, which has traditionally passed more bills.
16:17.3
He said the Senate focuses on quality rather than quantity.
16:22.2
Among the priorities,
16:23.3
are measures that will strengthen the Philippines' independence and sovereignty amid disputes in the West Philippine Sea, which include the Maritime Zone and Sea Lanes Act.
16:34.4
We will strengthen our military, but not to ignite any conflict, but in order to secure the peace.
16:50.9
We shall take peaceful measures to...
16:53.3
...to defend our people's right to sail in our seas and fish in our waters.
16:58.0
The Senate President vowed to make sure all bills submitted to the President are beyond reproach and that the upper chamber will scrutinize the proposed 6.352 trillion peso national budget for 2025.
17:11.3
This is also a priority of the lower chamber of Congress, which targets to pass the measure by September.
17:17.2
During the opening of session of the House of Representatives, House Speaker Martin Ramaldez said,
17:23.3
that the main priority measures identified in the Legislative Executive Development Advisory Council meeting are the amendments to the Foreign Investors Long-Term Lease Act,
17:32.2
the amendments to the Agrarian Reform Law, and the amendments to the Electric Power Industry Reform Act.
17:39.0
These are seen to be passed by the lower house within the third regular session of the 19th Congress.
17:44.4
Ramaldez committed to keep the legislative momentum despite the approaching midterm elections in 2025.
17:50.3
To those holding office as third-termers, this may be the final stretch to offer and deliver what is most beneficial for your constituents.
18:01.0
To some of us, this signals another era in which we must prove ourselves worthy of another term.
18:07.5
Let us give the Filipino people what they deserve, and they deserve more.
18:12.8
Of the 17 priority measures identified by the President in his State of the Nation Address, five have been enacted.
18:20.3
The Bicameral Report ratified and presently under enrollment process.
18:24.3
Another one under deliberation in the Bicameral Conference Committee.
18:28.1
And ten remaining measures have been approved on third and final reading by the lower house.
18:33.3
Ramaldez stressed that this is equivalent to a 100% approval on third and final reading by the House of Representatives of the 2023 SONA priorities.
18:43.4
Undoubtedly, the successful outcome of all our initiatives would not have been possible
18:48.4
without the exceptional support of the Bicameral Conference Committee.
18:50.3
...synchronization between the workings of the leaders of the House and our counterparts in the Senate.
18:56.7
In his speech, the House leader assured the public that the lower chamber is holding comprehensive congressional investigations
19:02.6
into illegal Philippine offshore gaming operators and the illegal drug trade in the country
19:07.9
to identify perpetrators and to hold them accountable.
19:11.9
Vivian Guglia, ABS-CBN News.
19:16.4
Philippine President Marcus Jr. touts his administration's measures,
19:20.3
to bring down the costs of food, energy, and medicines
19:23.3
as he outlines his accomplishments in his third State of the Nation Address.
19:27.7
But his most applauded move was his order to ban offshore gaming operations.
19:33.1
Pia Gutierrez reports.
19:36.5
President Ferdinand Marcus Jr. finally breaking his silence on Pogos
19:41.1
by announcing the complete ban on all Philippine offshore gaming operations
19:45.2
during his third State of the Nation Address on Monday.
19:48.7
...the grave abuse...
19:50.3
...respect to our system of laws must stop.
19:53.3
Kailangan nang itigil ang panggulo nito sa ating lipunan
19:57.1
at paglalapastangan sa ating bansa.
20:03.2
Effective today, all Pogos are banned.
20:07.6
Pag-ibig na! Pag-ibig na! Pag-ibig na!
20:20.3
Pag-ibig na! Pag-ibig na!
20:22.6
I hereby instruct Pag-Gor to wind down and cease the operations of Pogos by the end of the year.
20:31.6
The announcement comes amid calls from various groups to ban Pogos,
20:35.6
which have been embroiled in a host of controversies
20:38.6
such as financial scamming, money laundering, prostitution, human trafficking,
20:44.0
kidnapping, torture, and even murder.
20:46.2
The dollar, in coordination with our economic managers,
20:50.3
shall use the time between now and then to find new jobs for our countrymen who will be displaced.
21:06.3
This will solve many of the problems that we are encountering.
21:11.2
It will solve many of the problems that we have been encountering.
21:14.7
But it will not solve all of them.
21:20.3
To solve all of the problems that we have been suffering under,
21:23.8
all officials, law enforcers, workers in government,
21:29.5
and most of all, the citizenry,
21:31.8
must always be vigilant, principled, and think of the health of the nation.
21:37.5
Also in his speech, the President touted his administration's bloodless anti-illegal drug strategy,
21:43.2
which he says has led to the confiscation of billions worth of illegal drugs
21:47.6
and the arrest of thousands of drug personalities.
21:50.5
Our bloodless war on dangerous drugs adheres and will continue to adhere
21:56.5
to the established eight E's of an effective anti-illegal drug strategy.
22:03.2
Extermination was never one of them.
22:06.1
The President in his speech also made the assurance that his administration
22:09.7
is working to bring down the prices of food and addressing the effects of climate change.
22:15.1
The President welcomed the decision for the Philippines to host and have a seat at the Loss and Damage Fund,
22:20.5
which he hopes will help countries like the Philippines,
22:23.1
who are most affected by climate change.
22:25.7
This welcome development shall complement all our other climate adaptation and mitigation measures
22:31.0
and give us a strong voice to access the needed financial assistance
22:35.4
for climate-related initiatives and impacts.
22:38.7
As the administration works to stabilize the country's power supply,
22:42.8
the President called on Congress to undertake a study of the IPIRA law.
22:47.0
Marcus Jr. also vowed to increase the wages of government workers,
22:50.3
For our government, they have a medical allowance as an additional benefit for the next year.
23:05.1
And not only that, they also have a payment for the salary they will get from the four tranches.
23:13.1
He also announced additional benefits for public school teachers,
23:16.4
whom he called the foundation of the country's education system.
23:20.3
Clearly, of course, the quality of our education rests on the quality of our teachers.
23:26.6
And so, as we build and upgrade schools,
23:29.5
so too must we uplift and upskill our teachers,
23:33.3
whose competence and trademark Filipino patience, determination, and compassion
23:38.7
will be at the core of our national learning recovery.
23:43.1
Marcus Jr. also issued this directive to newly installed Education Chief Sonny Angara,
23:48.4
as he admitted that the quality of the country's education system is not the same as the quality of the country's education system.
23:49.2
as he admitted that the quality of the country's education system is not the same as the quality of the country's education system.
23:50.3
The quality of the country's education system needs to be vastly improved.
23:53.5
Marcus Jr. also vowed to increase by a thousand percent
24:03.5
PhilHealth's coverage for the treatment of breast cancer and other diseases,
24:07.9
the construction of mobile hospitals and specialty clinics,
24:11.3
the continued funding for feeding programs,
24:13.7
and policies to protect PWDs and the mental health of Filipinos.
24:17.7
The President, meanwhile, thanked OFWD,
24:20.3
and vowed that the administration is working for their protection.
24:27.3
The Philippine Interior Secretary debunks a viral video
24:31.4
that supposedly shows President Marcus Jr. sniffing cocaine.
24:36.4
Benjor Abalos dismissed it as a deepfake
24:39.2
that's part of a destabilization attempt against the President.
24:43.5
Abalos has ordered the Philippine National Police to investigate who created and spread the video.
24:50.3
on a quick comparison of the President's earlobe with that of the man in the video,
24:54.7
it validates this latest attempt to link him to illegal drug use.
25:00.7
So the point here is
25:03.1
If you look closely
25:05.2
to theagiça ng Pangulo sa Kaliwa,
25:08.7
like the earlobe,
25:10.4
which in Tagalog we call it the Lamping,
25:15.2
if you look on the right,
25:17.5
you'll see it from there.
25:20.3
The Philippine Defense Secretary Gilbert Chodoro also believes the fake video is proof of a destabilization plot against the government.
25:32.5
Up next, U.S. President Biden endorses Vice President Kamala Harris to replace him in America's presidential race.
25:40.1
The World Tonight returns after a short break.
25:50.3
Thank you for watching!
26:20.3
Thank you for watching!
26:50.3
We're back on The World Tonight.
26:58.1
U.S. President Biden drops his re-election bid and endorses Vice President Kamala Harris to replace him.
27:04.6
Biden's choice is reportedly gaining support among Democrats.
27:08.3
The details from our North America correspondent, Henny Espinosa.
27:14.0
A seismic shift in the race for the White House.
27:17.4
81-year-old Democratic President Joe Biden...
27:20.3
Biden has ended his re-election bid and has endorsed 59-year-old Vice President Kamala Harris
27:26.6
to take on the Republican Party's presidential nominee, 78-year-old Donald Trump.
27:32.6
Biden's stunning decision to drop out of the 2024 presidential race on Sunday
27:38.1
came after intense pressure from Democratic leaders,
27:42.2
including Senate Majority Leader Chuck Schumer and more than 30 House lawmakers.
27:47.0
After Biden's poor debate performance against...
27:50.3
Trump last month and due to concerns over his age and mental acuity.
27:55.6
Before Biden, no incumbent eligible for another term has dropped out of the election in nearly half a century.
28:03.6
In a letter posted on social media, Biden said it has been his greatest honor to serve as president.
28:09.8
And while it has been his intention to seek re-election,
28:12.7
he believes it is in the best interest of the Democratic Party and the country for him to stand down and focus solely...
28:20.3
on fulfilling his duties as president for the remainder of his term.
28:24.5
Biden made this announcement from his home in Delaware, where he's been recovering from COVID-19.
28:31.3
Immediately thereafter, he expressed his full support and endorsement for Harris to be the Democratic Party's nominee.
28:38.9
He told Democrats,
28:40.2
Harris, who reportedly spoke with Biden several times on Sunday morning ahead of his announcement,
28:48.8
said she's honored,
28:50.3
have Biden's endorsement and she intends to earn and win this nomination. Harris could become the
28:56.4
first black woman and the first Asian woman to become the Democratic Party's presidential nominee.
29:02.4
This shake-up in the Democratic Party comes just weeks before the party's national convention in
29:08.2
Chicago beginning August 19. The party plans to have a virtual roll call to formally nominate its
29:14.9
presidential candidate reportedly on August 1. The Democrats could have the presidential nominee
29:20.6
before the convention kicks off. Grassroots support for Harris is fired up. Small dollar
29:27.3
donors have raised close to 47 million dollars following Harris's presidential campaign launch,
29:33.3
the biggest fundraising day of the 2024 cycle. Harris was already endorsed by the powerful
29:39.9
Congressional Black Caucus, several key donors and lawmakers, and super PACs.
29:44.9
Kamala has been a ferocious warrior on the issue of abortion and under Kamala's leadership,
29:53.1
we're going to get Roe versus Wade back into law of the land. But the part that's fun to think about
29:59.7
is when you're up against a convicted felon, who better than a former prosecutor to take it
30:08.5
straight to Donald Trump? The only Filipino in the U.S. Congress, Virginia's Bobby Scott,
30:14.0
took to social media.
30:14.9
To say that the only person best situated to defeat Trump is Harris. Adding Harris is ready to serve
30:22.3
and will make a great president. Meanwhile, other possible contenders for the Democratic
30:27.5
presidential nomination, including California Governor Gavin Newsom and Pennsylvania Governor
30:32.5
Josh Shapiro, quickly endorsed Harris. Former President Barack Obama and ex-House Speaker
30:38.3
Nancy Pelosi praised Biden for deciding to step aside from the presidential race, but have not
30:44.9
endorsed Harris just yet. Hennie Espinosa, ABS-CBN News.
30:51.0
Israel confirms that two more of its citizens held by Hamas have died in captivity. The Israeli
30:57.9
military is investigating their deaths. The announcement was made as Israel and Hamas are
31:03.2
set to resume ceasefire negotiations later this week. The Palestinian death toll from
31:08.5
Israeli attacks in Gaza is approaching the 39,000 mark.
31:14.9
The Philippine Stock Exchange Index kicked off the week in the red as trading hours ended before
31:24.9
the president's annual address to the nation. This report has the details.
31:31.4
Asian markets starting out the new trading week on the back foot as China's central bank
31:36.5
pulls off a surprise rate cut. Chinese blue chips down almost 8% for the day along with the yuan.
31:44.9
Equities also reacting to U.S. President Joe Biden's move to exit the high-stakes race for
31:50.9
the White House and endorse Vice President Kamala Harris for the Democratic Party nomination.
31:57.1
Here at home, Philippine shares matching the gloomy weather ahead of President Ferdinand
32:01.8
Marcos' annual address to the nation. For the day, the PSE index skid more than a percent,
32:07.9
though still at the 6,700 level. Government efforts to bring down inflation still,
32:14.9
on top of investors' minds today. A lower consumer price index equals more bets of rate cuts
32:21.9
by the central bank. The market is still looking out for some cues on where inflation can go
32:30.3
and what are the efforts being or efforts will be carried out to help stabilize prices from here.
32:38.1
In 30 years already since Filipinos have suffered from elevated prices, this year being
32:44.9
at the very center of it. So that's a cumulative of about 15% increase over the past couple of past
32:51.6
years and that is surely affecting the sentiment of our countrymen. But what we need to see is
33:00.0
inflation really kept below 4%, even below 3% if possible through next year so that we can
33:06.7
see a slower average increase in inflation. Sky Cable enters into a commercial arrangement
33:13.4
with leading Philippine farmers.
33:14.9
Sky Cable is the largest fiber broadband provider, Converge, that would enable Sky to upgrade its network and improve services to its subscribers.
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Sky Chairman Mark Lopez says Converge has built a superior state-of-the-art fiber network nationwide, which Sky customers will soon experience.
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Sky President and Chief Operations Officer Claudia Suarez, meanwhile, says the initiative supports the company's transformation plan aimed at improving Sky's products'
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For Converge President and Co-Founder Maria Grace Uy, the arrangement will allow Converge
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to maximize its networks and increase port utilization.
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She notes this will be a revenue boost for Converge, consistent with similar arrangements
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with other players as they will be able to continue to monetize further excess network
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Converge has the largest fiber-to-the-home network in the Philippines.
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Converge has the largest fiber-to-the-home network in the Philippines.
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Converge has the largest fiber-to-the-home network in the Philippines.
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Converge has the largest fiber-to-the-home network in the Philippines.
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Converge has the largest fiber-to-the-home network in the Philippines.
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Converge has the largest fiber-to-the-home network in the Philippines.
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Odeo Daddyérence 14
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Odeo Daddyérience 14
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Odeo Daddyérence 14
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¿iesta einen berlangdan, sandaliwan?
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Odeo Daddyence 14
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Odeo Daddygence 16
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Odeo Daddyence 16
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See a bright outlook.
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A leader is a dealer in hope.
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And that is The World Tonight, the 22nd of July, 2024.
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I'm Pia Gutierrez.
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I'm Tony Velasquez from the Philippines.
