01:16.2
Pia Gutierrez has tonight's top story.
01:20.5
President Ferdinand Marcos Jr. on Thursday said there is a need to re-examine the designs for Metro Manila's flood control projects
01:28.9
as he noted that these were not as effective in preventing the widespread flooding that happened Wednesday,
01:35.4
even as the volume of rainfall dumped by the typhoon-enhanced Southwest Monsoon was lower than 2009's Typhoon Ondoy.
01:43.1
The Philippine leader made a statement as he visited the flooded areas in Camanava to check on the situation of affected residents.
01:50.5
Marcos, along with other cabinet officials, boarded a military truck to visit evacuation centers in Malanday National High School in Valenzuela and Barangay Tanza in Navotas.
02:02.2
Marcos says this is a clear manifestation of the effects of climate change.
02:20.5
At he said, the flood control system is a must-do for people.
02:23.9
So we have to re-look, we have to re-examine some of the designs of our flood control.
02:30.3
For example, this was not that the amount of water was not as bad as Ondoy.
02:37.8
But the effect was greater than Ondoy.
02:40.4
Mas malaki ang baha. Mas maraming na baha talaga kaysa sa panahon ng Ondoy.
02:45.5
Mas marami tayong flood control ngayon kaysa noon.
02:48.0
So, climate change.
02:50.5
The President also blaming the amount of garbage for the massive flooding,
02:57.6
which he says affected the capacity of the pumping stations.
03:20.5
The President also visited the navigational gate in Barangay Tanzay, Navotas,
03:28.6
which is seen to have aggravated floods in several barangays of Navotas and Malabon,
03:33.4
after it was damaged by a barge that hit it last month.
03:36.7
The President has ordered the DPWH to undertake an engineering assessment of the structure.
03:50.5
The main problem was that the navigation gate that we went to was damaged
03:57.3
because a ship was damaged and the structure was not in order.
04:02.5
That is why Navotas is still 80% under water.
04:09.3
Malabon is the same, but Valenzuela also.
04:12.8
So we have to really look into that.
04:14.8
Prior to his visit, the President led a meeting in Malacanang,
04:18.3
where he was briefed by cabinet officials,
04:20.5
of the effects of the typhoon and southwest monsoon.
04:23.7
We can see for ourselves that the typhoon system is already leaving.
04:30.3
So where are we now?
04:31.9
Next slide, please.
04:32.9
What is the situation on the ground now?
04:35.9
Where is there still flooding?
04:38.3
Where are there still isolated communities?
04:42.0
That is what we need to know.
04:43.7
Because for all of our agencies to work together,
04:47.2
we need to know where to go.
04:48.9
That's really what I need to hear from you.
04:50.8
Where do we go now?
04:52.1
Which are the places that need the most help immediately?
04:55.8
The Metro Manila Development Authority says
04:58.1
all of their 71 pumping stations were operational at the height of Carina.
05:03.1
Speaking to ANC's top story,
05:05.4
MMDA Chairman Armando Artes said
05:07.5
flood-affected local government units
05:09.7
reported that floods immediately receded after several hours.
05:14.4
Artes, however, admits
05:15.4
they need to put up more pumping stations in critical areas.
05:20.5
Pumping stations were operational during the height of the storm.
05:24.8
It's more than the undoy.
05:27.3
So it's not that our pumps are not working,
05:31.3
but it's really the volume of water.
05:33.6
We really need more pumping stations.
05:36.6
It should be positioned or placed in critical areas.
05:42.1
Aside from the National Capital Region,
05:44.5
the provinces of Oriental Mindoro, Batangas, Cavite, Bataan, and Bulacan
05:49.0
have also declared the state's...
05:50.5
...state of calamity, according to the DILG.
05:53.8
Data from the NDRRMC shows
05:56.0
21 individuals have died from the effects of Typhoon Carina
05:59.6
and the Southwest Monsoon,
06:01.4
of which 7 are from NCR,
06:04.0
3 are from Region 3,
06:05.8
and 11 from Calabarzon.
06:08.0
15 were reported injured and 5 remain missing.
06:12.0
Meanwhile, almost 48,000 families
06:14.4
or over 200,000 individuals
06:16.5
are currently in evacuation centers.
06:19.0
The Department of Social...
06:20.5
...Welfare and Development says
06:21.8
they have so far distributed 300,000 food packs
06:24.8
to affected areas.
06:26.5
The agency is also calling on volunteers
06:28.6
to help repack food supplies.
06:31.2
We're calling on the public to join us
06:34.1
in repacking family food packs
06:36.2
at our National Resource Operations Center
06:38.4
at Chapel Road in Pasay City.
06:40.2
So for those who are interested,
06:42.2
kindly visit our NROC at Pasay
06:45.4
and learn more about this worthwhile activity
06:50.3
that you could participate into.
06:55.2
Over 4,000 families are evacuated
06:58.4
from flood-hit areas of Manila.
07:01.1
The Philippine President's sister,
07:02.8
Senator Aimee Marcos,
07:04.6
asks how the government spent its budget
07:07.0
for flood control.
07:08.6
This report from Karen de Guzman.
07:12.7
Some Manila residents displaced by floods
07:15.3
have returned to their homes.
07:16.6
One of them is Catalina Madrid,
07:18.9
whose house was partially damaged.
07:20.3
Flooding in some areas have subsided
07:22.6
but at the height of the storm,
07:24.4
Madrid was stranded in the second floor of her home.
07:33.4
Manila Mayor Honey Lacuna,
07:35.2
together with Senator Aimee Marcos,
07:37.4
visited the Delpan Evacuation Center
07:40.1
and distributed food to their residents.
07:42.9
Lacuna said around 4,400 families
07:45.9
or 20,000 individuals
07:47.5
from different parts of Manila
07:48.9
were forced to flee.
07:50.3
What we're waiting for now
07:52.1
is for the flood to subside
07:56.0
Because I don't want them to come back.
07:57.7
The weather is not that good yet.
08:03.2
we'll let them go home.
08:06.0
Senator Marcos questioned
08:07.3
where the money for flood control went,
08:09.3
noting some areas not known for flooding
08:11.3
were suddenly inundated.
08:12.9
It's a bit disappointing
08:13.9
because Congress and the Senate
08:17.4
didn't lack in giving money
08:19.0
for flood control.
08:24.8
almost 1.4 billion a day
08:27.8
is the flood control budget.
08:30.0
If you sum it all up,
08:33.2
from the DPTABAL AOH
08:36.9
where did the money go?
08:40.3
Mayor John Ray Tiyanko
08:41.5
has assured residents
08:42.8
they're working on expediting repairs
08:44.8
on a damaged navigational gate
08:46.5
of the Metropolitan Manila Development Authority
08:50.1
it cannot be rushed
08:51.1
due to challenging conditions.
08:53.2
We'll try to make it easy
08:56.1
and because the two arms were broken,
08:58.6
it's a big repair.
09:00.9
And because it's under water,
09:03.3
underwater repair,
09:06.7
Nearby Malabon City,
09:08.2
also experiencing the effects
09:09.5
of the damaged floodgate.
09:11.1
So when the heavy rain
09:13.7
yesterday was non-stop,
09:15.3
there were really places
09:16.8
where people were hit.
09:20.0
I don't know if we'll be able to walk
09:21.3
because of the high tide
09:24.6
and because the navigational gate
09:27.8
In Antipolo City,
09:29.1
a major road remains impassable
09:31.0
due to huge rocks
09:32.1
swept by raging floodwaters
09:33.9
from the mountain.
09:35.1
The local government
09:36.1
vowed to provide help
09:37.2
but residents have grown impatient
09:38.9
and decided to remove
09:40.1
the rocks themselves.
09:41.5
If there's anything available,
09:42.6
we'll run there right away
09:44.1
because if we come from
09:46.6
there are other reports
09:50.0
Hundreds of families
09:55.2
after a lone-hanging bridge
09:56.9
in the area was damaged.
09:58.6
Maraming nagutom sa amin dito
10:00.4
dahil wala ho kaming daanan.
10:02.5
Tatlong araw po kami walang trabaho.
10:04.4
The local government said
10:05.6
they will fix the bridge
10:06.7
before classes open on Monday.
10:10.5
it is helping local government units
10:12.4
clear garbage left by the floods.
10:15.0
Various agencies are helping
10:16.3
with waste disposal
10:18.4
from the Manila Bay Dolomite Beach.
10:20.0
Where more than 1,000 sacks of garbage
10:28.0
Deep floods have yet to subside
10:30.0
in the Philippine province of Bulacan
10:32.0
where hundreds of families remain
10:34.0
in evacuation centers.
10:36.0
The governor of Oriental Mindoro Province
10:38.0
is asking the national government
10:40.0
to help fix their heavily damaged infrastructure.
10:42.0
Jervis Marahan reports.
10:46.0
The central area of the city of
10:48.0
Mecauayan in Bulacan is the city of Mecauayan in Bulacan.
10:50.0
It is still submerged in chest-deep flood
10:52.0
a day after the southwest monsoon
10:54.0
brought torrential rains in Luzon.
10:56.0
Some of the elderly had to use boats
10:58.0
to be rushed to hospitals
10:60.0
while babies and children
11:02.0
were transported inside pails and basins.
11:04.0
Water rose swiftly
11:06.0
so the local government of Bulacan
11:08.0
held non-stop rescue operations
11:10.0
for those unable to evacuate.
11:12.0
For those unable to evacuate.
11:14.0
The water level is high.
11:16.0
The water level in Bulacan is high
11:18.0
so you will not be able to leave.
11:20.0
It is hard to sleep because
11:22.0
the second floor is also falling.
11:24.0
So the floor is also wet.
11:26.0
Bulacan Vice Governor Alex Castro
11:28.0
said displaced families struggled to find shelter
11:30.0
who were caught off guard
11:32.0
by the huge volume of rains
11:34.0
brought by the severe weather.
11:36.0
You will really feel sorry
11:38.0
because the water level is high
11:42.0
Then you will really see
11:44.0
an 8-month-old baby
11:46.0
lying on the towel.
11:48.0
Then the other one
11:52.0
was lying on the sink.
11:56.0
just a little bit,
11:60.0
We also removed the roof
12:02.0
because they will not be able to get out.
12:06.0
all 26 villages have been flooded.
12:08.0
The mayor says the devastation
12:10.0
is worse compared to Tondoy,
12:12.0
one of the worst disasters
12:14.0
in recent history.
12:20.0
brought about by Typhoon Karina
12:24.0
by at least one meter.
12:26.0
Meaning, it is higher.
12:30.0
This is the more serious
12:34.0
the biggest typhoon
12:38.0
in Central Luzon.
12:40.0
Bataan Province has also
12:42.0
declared a state of calamity.
12:44.0
Local disaster officials
12:46.0
reported agriculture
12:48.0
at 15 million pesos.
12:50.0
But the figure could still rise.
12:52.0
In the town of Macabebe
12:56.0
the local police offer free rides
12:58.0
to commuters stranded by the flood.
12:60.0
20 villages remain flooded.
13:04.0
another landslide hit
13:06.0
Cannon Road in Camp 4 on Thursday,
13:08.0
rendering it impassable to motorists.
13:10.0
Oriental Mindoro Governor
13:14.0
spoke to the national government
13:16.0
in fixing damaged infrastructure
13:20.0
Around 17,000 families
13:22.0
in nearly a dozen towns
13:24.0
are affected by floods
13:26.0
in Oriental Mindoro.
13:28.0
Flood control projects
13:30.0
that are existing
13:32.0
are slowly being destroyed
13:34.0
and affected by the
13:38.0
To prevent a potential
13:40.0
environmental catastrophe,
13:44.0
has ordered several government
13:46.0
agencies to assess the environmental
13:48.0
impact of the Capsaes oil tanker
13:50.0
Terra Nova off the coastal town
13:52.0
of Limay in Bataan.
13:54.0
Can we please add an instruction
13:58.0
to make already an assessment
13:60.0
on the environmental impact of this
14:02.0
basically what we need to assess
14:10.0
ang barco natin ngayon
14:12.0
so ma-locate man siya
14:14.0
in order to support the work
14:16.0
so we can anticipate
14:18.0
kung mayroon mang environmental
14:20.0
impact itong paglubong.
14:22.0
The Philippine Coast Guard was alerted of the incident
14:24.0
after receiving a distress call
14:26.0
from the oil tanker Wednesday evening.
14:28.0
Coast Guard Ship BRP Melchor
14:30.0
Aquino responded to the emergency
14:32.0
and saved 16 out of 17
14:38.0
ng gabi, daramdaman na nila
14:40.0
malakas yung alon at nag-decide
14:42.0
yung kapitan na bumalik.
14:44.0
Pero initially, nahirapan
14:46.0
sila sapagkat ang sabi nila ay
14:48.0
pasalubong sila doon sa alon
14:52.0
ng mga crew ay sumalok sila
14:54.0
ng alon at pinasok
14:56.0
yung barco hanggang tuluyan silang
14:58.0
nag-capsaes. The remains of the lone
14:60.0
fatality were recovered Thursday afternoon.
15:02.0
The victim's identity has not been
15:04.0
made public. The distressed ship
15:06.0
carrying 1.4 million liters
15:08.0
of industrial fuel oil was
15:10.0
heading to Iloilo when it capsized.
15:12.0
Authorities were investigating if the accident
15:14.0
was caused by Super Typhoon Karina
15:16.0
which dumped a huge amount of rainfall
15:18.0
and caused flooding in Metro Manila
15:20.0
and nearby provinces.
15:22.0
An aerial survey conducted by
15:24.0
PCG showed an oil slick extending
15:26.0
up to 2 nautical miles
15:28.0
from where the boat capsized.
15:30.0
Wala pang signs na tumatagas na
15:34.0
magiging goal natin na
15:38.0
tatagas based doon sa
15:40.0
plan ng barco. Malalaman
15:42.0
natin kung gaano ka-secure
15:44.0
yung water integrity
15:46.0
ng mga tanks niya.
15:48.0
PCG Spokesperson Rear Admiral
15:50.0
Armand Balilo said that they
15:52.0
have deployed their Marine Environmental
15:54.0
Protection Team to contain the oil
15:56.0
spill. Coast Guard personnel
15:58.0
in Navotas, Bulacan, and Pampanga
15:60.0
have also been tapped to monitor
16:02.0
and prepare for a possibility
16:04.0
of a bigger oil spill.
16:06.0
Malaki yung danger that Manila
16:08.0
would be affected, even the shoreline
16:10.0
of Manila pag naglit ng fuel because
16:12.0
it is within Manila Bay.
16:16.0
And kasama yun sa contingency
16:18.0
na pinaghahandaan natin
16:20.0
kung sakaling abutin yung
16:24.0
that you know, ang marine environment
16:26.0
effect nito ay hindi
16:28.0
magiging maganda. Balilo adds
16:30.0
they might seek assistance from the private
16:32.0
sector to recover oil containers
16:34.0
from the HAP submerged ship.
16:36.0
The oil on board Mount Terra Nova
16:38.0
is nearly double the amount compared
16:40.0
to the 800,000 liters of oil
16:42.0
from empty Princess Empress
16:44.0
which capsized in Mindoro last year.
16:46.0
Kung naalala nyo yung incident dun sa
16:50.0
masyadong malalim at
16:52.0
nag-saccombed sa pressure yung
16:56.0
at talagang lumabas yung
16:58.0
oil. Ito hindi naman masyadong malalim eh.
16:60.0
Pinatcheck ko nga kasi nung
17:02.0
una, hap submerged lang siya.
17:04.0
Pakasakaling mababaw lang
17:08.0
na hindi maapektuhan yung
17:10.0
water integrity ng mga tanks niya
17:12.0
and hindi tumagas yung
17:14.0
langis. Fishermen are also
17:16.0
advised to steer clear of the affected areas.
17:18.0
Limay Vice Mayor Richie
17:20.0
Jason David says they will conduct a
17:22.0
joint investigation with the PCG
17:24.0
and Department of Environment regarding
17:26.0
the incident. Transportation Secretary
17:28.0
Jaime Bautista said that
17:30.0
they have coordinated with the private sector
17:32.0
for the deployment of resources needed
17:34.0
to retrieve the oil. The PCG
17:36.0
has also deployed two 44-meter
17:38.0
multi-role response vessels
17:40.0
for this initiative.
17:42.0
The agency also raises the possibility
17:44.0
of siphoning oil from the sunken
17:46.0
tanker next week. So it capsized
17:48.0
at 1 o'clock early
17:50.0
this morning and there is already
17:54.0
And right now we cannot
17:60.0
resources because
18:06.0
We already coordinated
18:08.0
with the private sector
18:12.0
and they will deploy
18:14.0
the resources as soon as
18:16.0
it will be possible.
18:18.0
Officials say the owner of MT Terra Nova
18:20.0
have also hired a salvor
18:22.0
to salvage the ship. Jeff Caparaz,
18:28.0
operation saves a man
18:30.0
stranded for hours at a barge
18:32.0
that rampaging river currents
18:34.0
jammed under a Metro Manila bridge
18:36.0
during Typhoon Carina's onslaught.
18:38.0
This story from Katrina Domingo.
18:42.0
This is a scene that unfolded before
18:44.0
Pasig City residents Wednesday afternoon
18:46.0
at the height of Typhoon Carina's
18:48.0
onslaught in the capital region.
18:50.0
But more than the barges being swept
18:52.0
away by floods, residents say
18:54.0
they were more taken aback after
18:56.0
seeing some people jumping off the
18:58.0
watercraft and fighting to survive
18:60.0
in the murky flush.
19:02.0
Residents say several individuals
19:04.0
began jumping off the barge
19:06.0
when it was about to hit F. Manalo Bridge.
19:08.0
We saw them jumping off the bridge.
19:10.0
We saw one of them
19:12.0
on the other side of the bridge.
19:16.0
He was on the other side of the bridge.
19:20.0
It was like he was about to fall asleep.
19:22.0
It was like he lost his mind.
19:24.0
We caught him with a diesel engine.
19:26.0
But one man refused to dive
19:28.0
into the raging river
19:30.0
and landed aboard the carrier.
19:32.0
That barge was entangled in some cables,
19:34.0
sparing him from being swept
19:36.0
further downstream.
19:38.0
The local government of Pasig said
19:40.0
they received calls to help rescue
19:42.0
the stranded man at around 6 in the evening.
19:44.0
But the rescue operations stretched
19:46.0
for around 6 hours
19:48.0
as power lines near the bridge
19:50.0
had to be shut off,
19:52.0
downed cables set aside,
19:54.0
and cracks across the bridge
19:56.0
had to be checked to see
19:58.0
if rescuers could use it
19:60.0
as a launch pad for rescue operations.
20:02.0
At 10 Wednesday evening,
20:04.0
the man was still trapped
20:06.0
as members of the Bureau of Fire Protection
20:08.0
could not easily reach
20:10.0
the barge from the bridge.
20:12.0
At around 1 in the morning of Thursday,
20:14.0
rescuers were finally able
20:16.0
to secure a rappel line
20:20.0
who has been stranded for over 8 hours.
20:22.0
He was visibly weakened
20:24.0
and slightly trembling
20:26.0
when he was finally escorted
20:30.0
Another person from the barge
20:32.0
also reportedly dislocated
20:36.0
shattered his wrist,
20:40.0
before he was taken to safety.
20:42.0
The local government says
20:44.0
all 20 personnel aboard the barges
20:46.0
and boats that were swept away downstream
20:48.0
have all been accounted for.
20:50.0
The chairperson of Barangay Manggahan
20:52.0
says the barges and other watercraft
20:54.0
were working on the Pasig-Marikina
20:56.0
River Channel Phase 4,
20:58.0
and they are already coordinating
20:60.0
with the DPWH, Philippine Coast Guard,
21:02.0
and MMDA for the clearing
21:04.0
of some 13 barges, boats,
21:06.0
and other equipment that were either
21:08.0
submerged or stuck in three bridges
21:18.0
Meantime, MMDA Acting Chairman
21:20.0
Romando Artes says they are already
21:22.0
assessing the structural integrity
21:24.0
of the four infrastructure affected
21:28.0
What the Toyo Construction Corporation is doing
21:30.0
is a funded project
21:34.0
in the Marikina River.
21:36.0
The DPWH is already assessing
21:38.0
the extent of the damage.
21:40.0
We temporarily closed it
21:42.0
along with the LGU of Pasig
21:44.0
because those barges
21:48.0
ABS-CBN News visited the office
21:50.0
of the construction company
21:52.0
that owns the barges and equipment
21:54.0
to ask for a statement.
21:56.0
But they have yet to respond.
21:58.0
Katrina Domingo, ABS-CBN News.
22:04.0
Typhoon Carina and the
22:06.0
Southwest Monsoon damaged
22:08.0
the facilities of five electric
22:10.0
cooperatives on the main
22:12.0
Philippine island of Luzon.
22:14.0
The initial cost of the damage
22:16.0
is 3.1 million pesos.
22:18.0
The National Electrification
22:20.0
Administration says over
22:22.0
114,000 consumers
22:26.0
Thirteen out of 22 affected
22:28.0
cooperatives have already
22:30.0
resumed operations.
22:32.0
The power distributor,
22:34.0
Meralco, says around 210,000
22:36.0
of its customers in Metro Manila
22:38.0
and adjacent provinces
22:40.0
are still without power.
22:44.0
Two congressional committees
22:46.0
will hold inquiries into the
22:48.0
flood control systems of the Philippines.
22:50.0
The Senate Committee on Public Works
22:52.0
and the House Committee on Metro Manila Development
22:54.0
will conduct separate probes
22:56.0
on the flood control projects.
22:58.0
Senate President Francis Escudero
22:60.0
wants to know how the national government
23:02.0
used the 255 billion pesos allocated
23:04.0
this year for flood control.
23:06.0
Senator Joel Villanueva notes
23:08.0
how floods have worsened
23:10.0
in his home province of Bulacan
23:12.0
and other parts of the country
23:14.0
despite substantial government funding.
23:26.0
At least two Senators blame
23:28.0
Manila Bay Reclamation projects
23:30.0
for massive flooding
23:32.0
at the Senate's Pasay City Headquarters.
23:34.0
Former Senate President
23:36.0
Juan Miguel Zubiri compared
23:38.0
the flood to the waves
23:40.0
in Siargao beaches.
23:42.0
Geologists believe
23:44.0
the flood is a sign
23:46.0
that the government
23:48.0
will continue to work
23:50.0
to reduce the number
23:52.0
of floods in Manila Bay.
23:54.0
Geologist Mahar Lagmai
23:56.0
disputes any correlation
23:58.0
between the floods
23:60.0
and reclamation work in Manila Bay.
24:02.0
Lagmai says the area
24:04.0
is naturally flood prone
24:06.0
because of its topography.
24:08.0
Three people are killed
24:10.0
and some 380 others
24:14.0
as Typhoon Gemi hits Taiwan.
24:16.0
The storm, known as Karina
24:18.0
in the Philippines,
24:20.0
cut power to around
24:22.0
half a million Taiwanese households.
24:24.0
A Tanzania-flagged freight ship
24:26.0
sank off the coast of Kaohsiung.
24:30.0
searching for the nine Myanmar
24:32.0
nationals on board.
24:34.0
Five other ships are stranded
24:36.0
off the island's waters.
24:38.0
These include two Tanzania-flagged
24:40.0
freighters as well as three other vessels
24:42.0
bearing the flags of Indonesia,
24:44.0
Mongolia and Toga.
24:46.0
Typhoon Gemi is heading towards
24:48.0
China where it is expected
24:50.0
to dump more torrential rain.
24:54.0
Up next, US President Biden explains
24:56.0
why he backed out
24:58.0
of the presidential race.
24:60.0
More stories when The World Tonight returns.
25:20.0
We're back on The World Tonight.
25:22.0
President Biden gives a televised address
25:24.0
from the White House to explain
25:26.0
why he's no longer seeking re-election.
25:28.0
Biden admits he wanted
25:30.0
a second term to continue his accomplishments
25:32.0
as president. But he says he ultimately
25:34.0
decided that the best way forward
25:36.0
for America was to pass
25:40.0
In recent weeks, it's become
25:42.0
clear to me that I need
25:44.0
to unite my party
25:46.0
in this critical endeavor.
25:48.0
I believe my record
25:50.0
as president, my leadership
25:52.0
in the world, my vision
25:54.0
for America's future
25:56.0
all merit a second term.
26:02.0
in the way of saving our democracy.
26:04.0
That includes personal ambition.
26:08.0
the best way forward
26:10.0
is to pass the torch to a new generation.
26:12.0
That's the best way
26:14.0
to unite our nation.
26:16.0
Biden is the first incumbent
26:18.0
US president since
26:20.0
1968 not to seek re-election.
26:22.0
Lyndon Johnson did not
26:24.0
seek a second term after widespread
26:26.0
dissatisfaction over his handling
26:28.0
of the Vietnam War.
26:30.0
Israel's Prime Minister
26:32.0
Benjamin Netanyahu
26:34.0
tells the US Congress of his
26:36.0
post-war plan for Gaza.
26:38.0
Netanyahu says his government
26:40.0
is actively engaged in seeking
26:42.0
the release of hostages held by Hamas.
26:44.0
He also shared his vision
26:46.0
of who should govern Gaza
26:48.0
once the war ends.
26:50.0
Netanyahu sought to shore up
26:52.0
support for Israel amid mounting
26:54.0
international criticism of its
26:56.0
nine-month offensive.
26:60.0
Israel does not seek to resettle Gaza.
27:02.0
But for the foreseeable future,
27:06.0
overriding security control there
27:08.0
to prevent the resurgence of terror
27:10.0
to ensure that Gaza never again
27:12.0
poses a threat to Israel.
27:16.0
Gaza should have a
27:18.0
civilian administration run by
27:20.0
Palestinians who do not seek
27:22.0
to destroy Israel. That's not
27:26.0
It's a fundamental thing.
27:30.0
Dozens of Democratic lawmakers
27:32.0
boycotted Netanyahu's speech
27:34.0
to protest the thousands of civilian
27:36.0
deaths in Israel's offensive
27:38.0
and the ongoing humanitarian crisis
27:40.0
in Gaza. But Netanyahu
27:42.0
insists Israel is protecting
27:44.0
civilians in the enclave and
27:46.0
blames Hamas for the food shortages
27:50.0
The Philippine stock market
27:52.0
succumbs to profit-taking
27:54.0
on renewed inflation concerns
27:56.0
in the aftermath of the enhanced
27:58.0
southwest monsoon.
27:60.0
More in this report.
28:02.0
Asian shares plunged following
28:04.0
a broad sell-off on Wall Street
28:06.0
overnight on the heels of
28:08.0
disappointing earnings results
28:10.0
from Tesla and Google parent
28:14.0
As a result, the stock market
28:16.0
plummeted in the aftermath
28:18.0
of the collapse of the Philippine
28:22.0
Here at home, the Philippine
28:24.0
benchmark index lost over 1%,
28:26.0
closing at 66.70 as the stock
28:28.0
market resumed trade after a
28:30.0
halt due to bad weather.
28:32.0
Diapet Tan-Tianko, research manager
28:34.0
at Philstocks Financials, says
28:36.0
investors are also worried about
28:38.0
the impact of Super Typhoon Karina
28:40.0
on inflation and consequently
28:42.0
the timing of interest rate cuts.
28:44.0
If we can address the possible
28:46.0
timing of this typhoon immediately
28:48.0
so as for it not to cause
28:50.0
high inflation expectations,
28:52.0
then there's still the possibility
28:56.0
DBSP's upcoming meeting.
28:58.0
In corporate stories,
28:60.0
BDO Unibank raises over
29:02.0
55 billion pesos from its third
29:04.0
ASEAN sustainability bond offer.
29:06.0
It said this was 11 times
29:08.0
oversubscribed from the original
29:10.0
offer of just 5 billion.
29:12.0
The bonds carry a rate of
29:16.0
Strong demand had pushed the lender
29:18.0
to cut short its offer period
29:20.0
three days ahead of schedule.
29:22.0
Aboity's Equity Ventures reporting
29:24.0
first-half core net income
29:26.0
of 11.4 billion pesos,
29:28.0
up by just 2% from 2023.
29:30.0
In the second quarter,
29:32.0
this stood at 6.6 billion
29:34.0
from the previous 6.5.
29:36.0
A silver lining was its F&B segment
29:38.0
which contributed to revenues
29:40.0
after its joint acquisition with
29:42.0
Coca-Cola Euro-Pacific Partners
29:44.0
of Coca-Cola Philippines.
29:46.0
In the second quarter,
29:48.0
this stood at 6.6 billion
29:50.0
from the previous 6.5.
29:52.0
A silver lining was its F&B segment
29:54.0
which contributed to revenues
29:56.0
after its joint acquisition with
29:58.0
Coca-Cola Euro-Pacific Partners
29:60.0
of Coca-Cola Philippines.
30:02.0
In the second quarter,
30:04.0
this stood at 6.6 billion
30:06.0
from the previous 6.5.
30:08.0
A silver lining was its F&B segment
30:10.0
which contributed to revenues
30:12.0
after its joint acquisition with
30:14.0
Coca-Cola Euro-Pacific Partners
30:16.0
of Coca-Cola Philippines.
30:18.0
In the second quarter,
30:20.0
this stood at 6.6 billion
30:22.0
from the previous 6.5.
30:24.0
A silver lining was its F&B segment
30:26.0
which contributed to revenues
30:28.0
after its joint acquisition with
30:30.0
Coca-Cola Euro-Pacific Partners
30:32.0
of Coca-Cola Philippines.
30:34.0
In the second quarter,
30:36.0
this stood at 6.6 billion
30:38.0
from the previous 6.5.
30:40.0
A silver lining was its F&B segment
