04:30.0
Thank you for watching!
04:60.0
Thank you for watching!
05:30.0
The greatest disruptor of all time is actually COVID-19.
05:46.4
Because of limited mobility, people are also not being able to go to physical branches, etc.
05:51.6
It further accelerated the adoption of consumers of digital channels.
05:60.0
We are now able to provide the services needed by our citizens, our consumers.
06:05.4
We are now able to provide the services needed by our citizens, our consumers.
06:05.6
We are now able to provide the services needed by our citizens, our consumers.
06:35.6
We are now able to provide the services needed by our citizens, our consumers.
06:37.6
We are now able to provide the services needed by our citizens, our consumers.
06:39.1
We are now able to provide the services needed by our citizens, our consumers.
06:39.8
We are now able to provide the services needed by our citizens, our consumers.
06:40.7
We are now able to provide the services needed by our citizens, our consumers.
06:57.6
Thank you for watching!
07:05.6
Mobility will be key to recovery because we have relaxed some of our quarantine methods
07:23.6
and we have allowed more transportation to come out.
07:27.9
That's going to prove to be better for demand.
07:30.9
If we do follow the health protocols, the ability of people to move around will likely contribute better to growth.
08:00.3
We are seeing people being a little bit more careful, but it is also impacting the brand that they are purchasing.
08:09.4
Brands play a different role in their lives.
08:14.0
To brands, to manufacturers that really want to focus on brand growth,
08:19.9
my number one tip would be to try to focus their strategy on attracting more buyers
08:24.7
by trying to be very present where people shop.
08:27.6
They should also think about the categories
08:29.7
in which they operate.
08:31.1
They should try to really understand who their targets are and what do people truly need.
08:37.7
And finally, our lives are fragmented into a multitude of moments.
08:42.1
So, understanding the different moments throughout the day, throughout the lifetime is very important
08:48.8
to make sure that the brands stay in sync, in tune with people's aspirations.
08:54.7
This is the end of this video.
08:56.7
Thank you for watching.
08:58.7
See you in the next video. Bye!
08:59.7
We are the Philippines.
09:01.7
We are the Philippines.
09:03.7
We are the Philippines.
09:05.7
We are the Philippines.
09:07.7
Today on the Business Roadshow, Asian markets mostly up at the end of the week on firmer expectations of rate cuts from America's central bank.
09:17.7
G20 member states agree to work on a proposal to effectively tax the world's ultra rich.
09:23.7
Here at home, accountability calls for the owner of a sunken tanker amid fears of the world's ultra rich.
09:27.7
Here at home, accountability calls for the owner of a sunken tanker amid fears of the world's ultra rich.
09:29.7
of a massive oil spill off Bataan.
09:33.4
Plus, later in the show,
09:34.6
we discuss diversity and inclusion efforts
09:36.8
in the real estate investment sector.
09:42.3
Join us in the next hour
09:43.7
as we bring you the latest in the financial world.
09:46.0
I'm Denise Ninsay.
09:47.0
And I'm Stanley Palisada.
09:48.3
Let's get the show on the road.
09:59.7
A generally positive end to the trading week
10:04.3
for markets here in Asia.
10:05.8
Most equities in the region were up for a day
10:08.1
after an initial lower open
10:10.5
as investors weighed firmer expectations
10:12.7
of rate cuts by the Federal Reserve.
10:15.5
This followed the latest GDP data in the United States
10:18.4
which showed its economy grew by 2.8% in the second quarter.
10:23.2
But some markets still fluctuated
10:24.7
following the continued tech sell-off
10:26.8
on Wall Street overnight.
10:29.0
Let's take a look
10:29.6
at the board now.
10:30.4
The Nikkei 225 is down
10:31.8
even as headline inflation
10:33.2
in the Japanese capital
10:34.3
slowed to 2.2% in July.
10:37.2
Core inflation, meanwhile,
10:38.7
the measure closely watched
10:40.0
by the Bank of Japan,
10:42.9
Indices in Hong Kong,
10:44.8
and Australia were higher.
10:46.6
Singapore's Straits Times Index,
10:49.2
after the City-States Monetary Authority
10:51.6
retained their borrowing rates.
10:55.7
Let's take a look
10:56.6
at futures in Europe now.
10:58.0
They're set for a mostly positive
10:59.6
open as the global sell-off stabilizes.
11:02.9
Contracts tied to the French CAC 40
11:04.7
and London's FTSE 100
11:06.8
are up a fifth of a percent.
11:09.2
On the data front,
11:10.3
consumer inflation expectations are on tap.
11:14.2
futures for Wall Street
11:15.2
are also in the green
11:16.8
after economic data overnight
11:18.6
gave some cause for optimism.
11:21.4
Investors will now be turning their focus
11:23.3
on core PCE numbers,
11:25.3
the Fed's preferred inflation gauge,
11:27.4
for more confirmation supporting
11:29.5
a rate cut in September.
11:33.5
Japan urges vigilance
11:35.2
against excessive foreign exchange rate fluctuations
11:37.9
driven by speculation.
11:40.0
During the G20 finance ministers
11:42.0
and central bank governors' meeting in Brazil,
11:45.0
Tokyo's top currency diplomat,
11:46.8
Nasato Kanda, said,
11:48.6
attention is needed on risks
11:50.3
of prolonged high interest rates
11:52.2
in some countries,
11:53.6
destabilizing financial markets.
11:56.3
His comments follow recent wild swings
11:58.6
in the Japanese economy,
11:59.5
the Japanese yen.
12:00.8
The currency rallied
12:01.8
for a fourth straight session
12:03.1
against the U.S. dollar on Thursday,
12:04.9
recovering from 38-year lows
12:06.9
earlier this month
12:07.9
on suspected intervention
12:09.8
by Japan early this month.
12:12.7
Analysts had blamed
12:13.9
wide U.S.-Japan interest rate differentials
12:16.7
for the yen's weakness.
12:20.8
Also from the G20 finance ministers' summit,
12:24.0
its members agreed to collaborate
12:25.6
on ensuring that the ultra-rich
12:28.2
are taxed effectively.
12:29.5
Brazil, which is leading the talks,
12:31.7
has advocated for a 2% wealth tax
12:34.3
on fortunes exceeding $1 billion,
12:37.1
which could generate up to $250 billion annually
12:40.3
from around 3,000 individuals.
12:43.4
The move was generally supported by G20 members,
12:46.6
but some expressed skepticism
12:48.3
about the feasibility
12:49.5
of implementing such a tax scheme.
12:53.4
G20 members are expected to issue
12:55.4
a declaration about that later today.
12:59.5
U.S. Treasury Secretary Janet Yellen
13:02.8
says Vice President Kamala Harris
13:04.6
would not or would continue
13:06.2
Joe Biden's progress
13:07.9
on restoring U.S. international leadership
13:11.9
Yellen spoke Thursday
13:14.0
of the G20 finance ministers' meeting in Brazil.
13:18.2
She warns that a reversal
13:19.4
of the progress made
13:20.6
by the Biden administration
13:21.9
would be detrimental
13:22.9
to the global economy
13:24.7
and America's place in its success.
13:29.5
On issues confronting America
13:35.3
she deeply understands
13:38.0
what's necessary to
13:39.7
and why it's important
13:42.0
to restore U.S. leadership
13:44.5
on the global stage
13:46.6
and she's been a critical part
13:54.5
faster infrastructure development
13:56.2
in emerging Asian economies
13:58.3
like the Philippines,
13:59.5
to unlock faster growth momentum.
14:03.5
it said the Asia-Pacific region
14:05.5
could nearly double its economy
14:07.4
to $11.4 trillion
14:11.6
if infrastructure projects
14:15.7
The S&P report cited
14:17.2
the ongoing infrastructure push
14:19.0
of several Asian governments
14:21.1
including in the Philippines,
14:23.5
India, Malaysia, and Vietnam.
14:27.1
the public works sector
14:28.1
is one of the markets
14:29.5
with the largest market share
14:33.3
has so far approved
14:34.7
185 infrastructure flagship projects
14:38.2
with a total value
14:39.7
of 9.5 trillion pesos.
14:45.3
The Philippine Finance Department
14:47.4
pushes for the full implementation
14:49.5
of a global merchandise passport.
14:52.8
It said this would provide
14:54.0
Filipino exporters
14:55.0
with wider access
14:56.3
to foreign markets
14:57.7
for their products.
15:00.6
is an international document
15:02.8
allowing clearance
15:04.3
throughout several customs checkpoints
15:06.3
on a duty and tax-free basis.
15:10.0
this is now accepted
15:11.0
by an international network
15:12.8
of 81 customs administrations.
15:17.1
revenue operations groups
15:19.6
to improve export and import activities
15:22.5
as well as enhance
15:24.5
the country's trade balance
15:26.1
and attract more foreign investments.
15:28.8
The Philippine government
15:32.9
has approved projects
15:34.4
worth 1.27 trillion pesos
15:37.6
since the enactment
15:39.1
of the Corporate Recovery
15:40.4
and Tax Incentives
15:45.1
The bulk of the investment capital
15:46.8
worth 953 billion pesos
15:50.6
by the Cabinet-level
15:51.9
Fiscal Incentives Review Board.
15:54.3
This is equivalent
15:55.6
to some 57 big-ticket
16:00.9
and energy sectors
16:03.5
The remaining 25 percent
16:05.4
were from investment
16:06.3
promotion agencies.
16:08.3
The projects are expected
16:09.4
to generate nearly
16:13.2
CREATE Law establishes
16:14.5
a performance-based,
16:18.5
tax incentives regime
16:24.2
The Philippine government
16:25.7
moves to assist schools
16:27.3
damaged by typhoon
16:29.8
The Treasury Bureau says
16:31.2
it will file a claim
16:32.5
under the National Indemnity Insurance Program
16:35.3
for the repair and reconstruction
16:37.9
of 45 public schools
16:40.7
in eight regions.
16:42.6
For its pilot run,
16:43.7
the Bureau has already
16:46.1
for over 100,000 school buildings
16:49.8
with an insured value
16:51.6
of over 843 billion pesos.
16:55.9
the Education Department
16:57.0
as damage to public schools
17:00.6
to 308 million pesos.
17:05.8
Wrapping up the week
17:07.1
in corporate stories,
17:08.6
a change of leadership
17:10.0
in Robinson's retail holdings.
17:12.1
Company directors
17:12.8
elected on Thursday
17:15.3
as their new president
17:17.8
beginning next year.
17:19.9
Mr. Koh is currently
17:20.8
Robinson's retail COO.
17:23.3
He has been a mainstay
17:25.7
ascending through its ranks
17:28.6
the firm in 2003.
17:31.3
In yet another major change,
17:33.3
Mr. Lance Gokongwe
17:38.1
will be Mr. Rubino Gokongwepe.
17:40.6
Next to Jollibee Foods Corporation,
17:43.3
it's keeping its latest acquisition
17:46.7
at least for now.
17:48.1
CFO Richard Shin says
17:49.4
they see a lot of growth potential
17:51.0
for compost coffee in Seoul.
17:54.0
JFC previously said
17:56.5
has over 2,000 franchise stores
18:01.0
JFC's acquisition
18:03.8
in the coffee chain
18:04.9
was pegged at $340 million.
18:09.9
And finally in earnings,
18:11.6
Felix Mining further bleeds
18:13.0
halfway into the year.
18:15.1
Its H1 coordinate income
18:18.9
to Php 410 million
18:20.2
from the Php 702 million
18:24.1
EBITDA also lower
18:25.2
at Php 912 million
18:26.9
from the 1.8 billion
18:32.9
Now for the closing numbers
18:34.4
of the Philippine Stock Exchange,
18:35.8
the local bourse capping
18:40.4
The PSE's main index
18:41.4
climbed a tenth of a percent,
18:43.0
closing at 67.26.
18:46.1
was at Php 4.3 billion.
18:50.6
And let's bring in
18:52.5
of Regina Capital Development Corporation
18:54.1
for market analysis
18:56.4
welcome to Business Roadshow.
18:58.6
Happy Friday, Stan.
19:00.3
Thanks for having me.
19:01.3
Happy Friday to you
19:02.3
and happy indeed.
19:03.6
We broke 6,700 today
19:05.8
what were on investors' minds
19:07.6
when you talk about
19:08.6
domestic improvements
19:09.9
or domestic developments first.
19:13.7
Well, I think at the beginning
19:16.2
they were digesting
19:17.2
the message of the SONA,
19:20.1
where the administration
19:24.4
moving into next year.
19:28.6
the problem with this is,
19:33.2
sort of halted the enthusiasm
19:35.7
because everyone took a backseat
19:37.6
because a lot of agencies were closed.
19:42.1
There was some damage
19:43.0
both to some agricultural
19:46.6
and irrigation networks
19:48.6
and people are assessing the damage.
19:51.9
I've seen some estimates
19:53.0
that the damage is,
19:55.9
less than 10 million
19:56.7
to both the agricultural
19:57.9
and irrigation networks.
19:59.2
but it's still an estimate.
20:00.7
it's capped that much
20:02.0
so at least it's contained.
20:04.5
Stateside or overseas,
20:05.9
there are a couple of developments there.
20:07.5
You have, of course,
20:09.1
which gives some additional dimension
20:11.7
into how investors
20:13.0
will decide moving on.
20:15.0
you also have some figures
20:17.0
in the U.S. economy
20:18.3
which prove to be strong,
20:19.7
which make the Fed,
20:23.1
to think about a September rate cut.
20:25.3
What are your thoughts on this?
20:26.5
Do you think that they will?
20:29.0
is those rates in September
20:30.3
or is a better growth,
20:32.6
economic growth figure,
20:34.5
for more postponements?
20:37.7
Well, I think the likelihood
20:38.9
is that they're going to be
20:40.3
cutting rates by September.
20:43.9
Bearing any sudden macroeconomic shocks,
20:49.7
that the latest inflation print
20:51.7
for the second quarter
20:58.0
that would be the expectations.
21:03.7
The inflation has been contained.
21:07.1
It's not at the 2%
21:09.1
that they were targeting,
21:11.5
is acceptable for the Fed
21:13.4
at least to start
21:14.2
beginning the rate cut.
21:18.6
at these elevated prices,
21:20.3
it becomes harder,
21:23.1
every succeeding period
21:24.2
to reach your growth target.
21:28.0
the borrowing costs
21:30.4
types of expansion,
21:32.0
especially for businesses.
21:33.9
And that's why I think
21:34.7
they deem it necessary
21:37.0
because this can't be sustained
21:38.3
for the long term.
21:40.3
Going back to our markets now,
21:42.0
we're ending the month of July soon,
21:44.8
we just have about
21:45.5
two or three days of trade
21:47.1
to end the month.
21:48.3
Now, how would you sum up the ride
21:49.9
for the entire month of July?
21:52.3
What were the notable highlights to you
21:54.7
and pitfalls as well?
21:58.0
Well, I think we got to a good start
22:00.3
because the inflation rate
22:02.5
at the beginning of the month
22:03.5
came out better than expected.
22:06.3
So, we saw that the index
22:09.4
made such a steep ascent,
22:16.0
we were challenging 6,800
22:17.7
just a few days ago
22:19.0
before some profit-taking.
22:23.7
I think we've climbed at least,
22:25.1
if I'm not mistaken,
22:29.3
I think there's going to be,
22:30.9
again, consolidation.
22:32.6
Remember, next week
22:33.2
is the closing of the month.
22:37.1
And then the earnings
22:38.1
are going to start trickling in.
22:40.8
on top of buying the index
22:45.5
which we saw for the month,
22:47.8
they might take specific positions
22:50.2
when earnings come out.
22:51.7
I think, for example,
22:54.4
the likes of Meralco and BDO
22:56.1
might be reporting.
22:57.9
depending on how they perform,
23:01.0
more buying or selling
23:03.2
depending on how the performance is.
23:09.2
Pending all of that, of course,
23:10.7
and given the unexpected,
23:13.2
Carina and some other developments,
23:15.9
July was pretty much
23:18.9
At least, that's what we saw.
23:21.0
But, unfortunately,
23:22.0
not all boats rose
23:24.2
as the tides rose.
23:26.0
What were the winning
23:26.7
and losing sectors?
23:27.9
For the month now,
23:28.6
we still know for a fact
23:29.5
that banking is doing well.
23:31.2
Property was recovering a bit,
23:33.1
but there's a bit of setback
23:35.3
following the declaration
23:36.7
of President Marcos
23:39.1
to be considered as legal.
23:41.7
Are there other promising sectors
23:43.2
that you're seeing
23:43.9
that's rising silently
23:49.7
prior to the sell-off,
23:51.3
we saw that the property market
23:52.9
was actually rebounding.
23:56.4
the property market
23:56.8
was actually rebounding.
23:58.6
like you mentioned,
24:00.7
of the top performers
24:01.5
if I'm not mistaken.
24:03.7
BDO had the sharpest increase,
24:07.1
I think Ali was already
24:18.4
we were already seeing
24:19.2
it already hitting
24:22.1
because of recent events,
24:25.7
we saw that they,
24:27.4
that the price retracted
24:29.4
just below 30 pesos.
24:35.6
we're hoping that
24:36.6
the property market
24:37.3
will start taking off.
24:39.5
even the first quarter,
24:40.5
despite the environment,
24:42.8
the earnings have actually
24:43.9
been quite stellar.
24:45.4
So I hope this also
24:46.2
continues in the second quarter.
24:49.9
we're anticipating
24:51.7
really in August.
24:53.2
Has that been priced
24:55.2
or can we still expect
24:58.3
once that actually happens?
25:02.7
it has been priced in.
25:04.3
But we have over a month.
25:07.9
the effect of the typhoon
25:09.0
really didn't dampen
25:17.9
will remain the same
25:22.2
even drop further.
25:24.1
So at least that would give
25:24.9
more impetus for a rate cut.
25:28.3
the market is pricing
25:33.5
so many things can happen
25:40.1
any inflationary pressures,
25:42.6
I don't want to say
25:44.0
it's a foregone conclusion.
25:47.4
August is upcoming.
25:49.7
We have a lot of developments there.
25:52.0
you have, of course,
25:52.6
a potential rate cut
25:55.1
first half earnings.
25:57.4
There's reports still trickling in
26:00.9
and that might be
26:02.2
an encouragement to investors.
26:04.1
But what about ghost month
26:05.3
to balance this out?
26:06.7
So what is your outlook
26:08.6
for the month of August?
26:15.9
the first volumes.
26:17.9
Given that ghost month
26:20.5
on a special occasion.
26:22.0
So it's the third week,
26:24.1
Which also coincides
26:26.4
the summer break.
26:27.4
It's the break of the
26:28.4
Western fund managers now.
26:31.2
So we see the first volumes.
26:33.6
But normally after that,
26:35.0
we notice during the per month,
26:37.9
So given that you've seen
26:41.4
that historically,
26:43.4
it's weak not because
26:45.2
of economic data,
26:48.1
but really because
26:49.1
of participation.
26:50.7
We think it might be up,
26:56.4
of the economic data
26:57.4
that start trickling in
27:01.6
to start bottom fishing
27:03.2
if that's the case.
27:06.9
at Regina Capital.
27:10.5
Thank you very much,
27:11.5
and happy weekend to you.
27:14.2
A leading environment group
27:15.6
urges the Philippine government
27:18.1
of the MV Terra Nova
27:20.9
to prevent another
27:22.0
environmental disaster.
27:23.8
The tanker was carrying
27:24.9
1.4 million liters
27:27.1
when it hit the ground.
27:27.4
and it sank Thursday
27:28.4
off Limay in Bataan,
27:30.7
leaving one crew member dead.
27:33.7
conducted by the Coast Guard
27:35.3
showed an oil slick
27:38.1
two nautical miles.
27:39.9
Greenpeace calls on government
27:41.2
to hold the owner
27:42.8
of the vessel accountable.
27:45.7
this tragedy underscores
27:47.3
the need for government
27:48.4
to reduce its dependence
27:52.9
a huge oil tanker
27:54.9
in Oriental Mindoro,
27:57.3
tourism and the livelihood
27:58.9
of thousands of fisher folk
28:01.7
and nearby areas.
28:05.0
has already ordered
28:07.6
of the latest oil spill.
28:11.5
Can you please add
28:17.6
on the environmental
28:21.5
what we need to assess
28:22.4
is where was the,
28:25.7
The fuel that's being released?
28:29.1
What are the tides?
28:30.8
What are the winds?
28:32.0
Where is it headed?
28:33.2
Maybe we can also make
28:34.4
some determinations on that?
28:37.7
Kung naalala nyo,
28:38.6
yung incident doon sa Mindoro,
28:42.5
masyadong malalim
28:43.5
at nagsakom sa pressure
28:45.2
yung mga tanki niya
28:47.9
at talagang lumabas yung oil.
28:50.3
Ito hindi naman masyadong malalim eh.
28:52.3
Pinachicheck ko nga
28:54.1
half submerged lang siya.
28:55.7
Pakasakaling mababaw lang
28:59.3
na hindi maapektuhan
29:01.5
yung water integrity
29:02.5
ng mga tanks niya.
29:06.7
environment chief
29:08.3
vows the agency's support
29:09.8
to contain the oil spill.
29:14.0
Ang DNR ay nandito
29:19.3
ng Philippine Coast Guard
29:20.5
at ng local government.
29:22.8
our assets are at the disposal
29:24.5
of the oil spill.
29:25.0
we're hoping that
29:25.1
that will be used
29:25.7
for the oil spill.
29:25.7
Particularly yung
29:35.3
malocate man siya
29:36.2
in order to support
29:41.9
environmental impact
29:47.5
of the Philippine province
29:56.9
identified the owner
29:58.0
of the ill-fated tanker
29:60.0
as Shogun Shipping
30:05.6
along with disaster
30:07.6
and other government
30:15.0
but we are hopeful
30:26.2
within the vessel.
30:32.0
the inspection team,
30:35.3
the salvage master
30:36.3
are doing their assessment
30:39.9
get a clearer picture
30:50.1
that will be taken
30:51.3
by the salvage master
30:57.3
continues to make
31:01.7
in flood-hit areas
31:02.7
after the enhanced
31:03.8
southwest monsoon.
31:07.4
from Pia Guterres
31:10.7
what can you tell us?
31:13.4
President Ferdinand
31:15.3
visited the provinces
31:18.7
to check on the effects
31:20.1
of Typhoon Carina
31:22.2
southwest monsoon.
31:27.6
a situation briefing
31:28.8
with local chief executives
31:30.5
and national government officials.
31:35.8
there were no casualties
31:39.3
or 6,000 individuals
31:41.8
by the severe weather
31:44.4
The agricultural sector
31:45.5
meanwhile recorded
31:47.5
500 million pesos
31:48.9
particularly affecting
31:53.0
to irrigation facilities
31:55.2
The province was pegged
31:58.8
then held an inspection
32:00.0
of the Mauban Port
32:01.4
and Mauban Seawall
32:03.5
to San Mateo, Rizal
32:05.6
another situation briefing
32:06.8
to check on the situation
32:10.7
Based on the report
32:11.8
of Rizal Governor
32:12.8
Nina Ricci-Inares,
32:14.6
over 1 million people
32:24.6
or 48,000 families
32:25.2
or 48,000 individuals
32:28.3
8 people were injured,
32:29.7
1 remains missing,
32:30.8
and 2 people were killed
32:31.9
due to electrocution
32:34.2
of the severe weather.
32:36.0
meanwhile called on
32:37.0
agencies to focus
32:38.9
of much-needed aid
32:40.9
of Parangay Santa Ines
32:44.1
isolated since Wednesday
32:47.1
going to the area
32:47.9
were rendered impassable
32:51.8
the nearby evacuation center
32:54.4
Elementary School.
32:56.3
an aerial inspection
33:04.3
flood control plan
33:05.7
as a more effective way
33:07.7
the perennial floods.
33:09.1
This, as he said,
33:09.9
as climate change
33:10.7
has made the country
33:17.1
for local governments
33:18.1
to rethink their approach
33:19.4
to flood control projects
33:21.9
water flow management
33:25.4
Coming up on the program,
33:26.9
Philippine Senate panel
33:32.1
operations next week.
33:54.9
We'll be right back.
34:24.9
We'll be right back.
34:54.9
We'll be right back.
35:24.9
We'll be right back.
35:54.9
We'll be right back.
36:24.9
We'll be right back.
36:54.9
We'll be right back.
37:24.9
We'll be right back.
37:54.9
We'll be right back.
38:24.9
We'll be right back.
38:54.9
We'll be right back.
39:24.9
We'll be right back.
39:54.9
We'll be right back.
40:24.9
We'll be right back.
40:54.9
After the government's
40:56.5
gaming operations,
40:59.7
of Lichu Property Consultants,
41:01.9
of residential spaces
41:03.3
leasing to Pogo personnel
41:05.1
are now in a panic.
41:07.2
Owners of office spaces,
41:08.6
especially in the Bay Area,
41:10.7
and parts of Makati,
41:12.2
also bracing for impact.
41:16.2
The second market
41:17.3
will have a tough time
41:18.4
because the rents
41:19.4
will come down by 50%
41:25.8
will be local tenants
41:33.7
the office sector.
41:35.3
The office sector
41:35.9
will be hit quite hard
41:41.9
a million square meters
41:45.9
a million square meters
41:48.4
Most of those office
41:49.9
will take a long time
41:58.9
in oil prices seen
42:00.0
in the last week of July.
42:01.5
The Energy Department
42:03.3
and diesel prices
42:04.1
to fall by as much
42:05.1
as 95 centavos per liter
42:08.1
may see an 80 to 90 centavo
42:15.6
that there are a lot of
42:17.5
supply in the world market
42:19.3
versus weak demand
42:21.2
means that the price
42:24.4
the second reason
42:25.9
is the negotiation
42:28.9
that there will be
42:31.3
Because if this results,
42:35.4
in our petroleum products
42:40.2
The Philippine Health Department
42:42.0
offering mental and
42:43.3
psychosocial health services
42:44.9
for those traumatized
42:46.1
following the onslaught
42:47.2
of Typhoon Karina.
42:48.7
Ara Perez has this story.
42:54.3
evacuation countless of times
42:57.4
in a flood-prone area
42:58.7
at Barangay Batis
43:01.0
But Typhoon Karina
43:02.2
unlocked a new trauma
43:03.9
and in her 5-year-old niece.
43:10.6
right in front of us.
43:17.1
the child who fell
43:19.0
was already in her mouth.
43:19.7
She can't sleep anymore.
43:21.1
She cries sometimes.
43:23.9
she cries because
43:26.3
That's what she saw right away.
43:29.1
the child who fell.
43:30.9
She doesn't want to
43:31.7
see the water anymore.
43:34.6
Hope is trying to get
43:35.8
her niece to socialize again
43:37.3
as she also struggles
43:38.4
to deal with her own trauma.
43:40.6
I'm just talking to
43:42.9
because it's hard
43:45.0
when you're in a situation like that.
43:48.6
Mental health coordinators
43:50.2
are stationed in evacuation centers
43:53.7
evacuees like folk
43:59.5
mentally drained.
44:01.1
Dr. Cynthia Cuayo-Huico,
44:03.0
pediatrician and fellow
44:04.0
of the Philippine Pediatric Society,
44:09.8
it's harder for children
44:10.9
to deal with anxiety.
44:12.9
They already understand
44:13.6
what's happening.
44:19.4
why it's raining,
44:21.3
why they're having a hard time
44:23.7
So, ano ang problema natin?
44:25.8
But, meron tayong solusyon.
44:30.1
if parents or guardians
44:31.2
will bring their children's
44:33.9
to the evacuation center.
44:36.2
Ipapa-explain mo sa kanilang
44:37.7
hindi tayo forever
44:41.3
Panandalian lang ito
44:44.3
may mga pangyayari
44:49.4
pwedeng makontrol.
44:51.4
ang reaksyon natin doon
44:52.8
pwede natin kontrol.
44:56.4
positive ang attitude
44:58.3
You make the situation
45:08.8
for those in need.
45:10.7
Namatayan yung iba
45:12.2
evacuation center,
45:17.1
nabaha yung bahay,
45:18.1
maraming na damage.
45:30.9
for those that will
45:31.8
need antidepressants.
45:34.7
yung taong balisa
45:36.2
at nakangailangan
45:45.3
another quick break
45:46.6
when we come back.
45:50.3
the State Supreme Court
45:53.7
less chicken wings.
46:23.1
We'll be right back.
46:23.7
What do you think
46:27.9
Congress failed to do
46:30.2
in order for the country
46:33.7
transport system?
46:34.6
With what is happening
46:36.1
with what is happening
46:36.8
in the West Philippine Sea,
46:38.6
being driven away
46:39.7
from their traditional
46:41.4
this doesn't add up.
46:42.8
How is this affecting
46:43.8
the morale of the force?
46:46.6
about the system there
46:48.7
that really allows
46:53.7
Philippine government
46:54.4
entirely powerless
46:55.4
in this situation?
47:00.6
Dateline Philippines
47:01.7
with Carmina Constantino.
47:04.0
Weekdays at 12 noon
47:19.7
newsmakers answer to you.
47:21.9
Nobody ever accused
47:23.7
of being a palace lucky.
47:26.0
For him to say now
47:28.0
that if it's anyone
47:30.1
then it's a palace lucky
47:32.0
because the palace
47:32.8
does not even have
47:36.3
to the Philippines
47:37.2
stands on its own.
47:39.7
any third country.
47:43.5
headlines are made.
47:44.9
We need two things.
47:47.7
the economy rapidly.
47:53.7
I also didn't have
47:55.7
because he was my
47:58.9
in the justice system.
48:04.8
of the Philippines,
48:06.3
of the Philippines,
48:09.2
is important to us
48:11.1
The country must be
48:13.4
from endemic corruption.
48:15.3
Malaysia should not
48:17.4
various past scandals.
48:19.7
This isn't just talk.
48:21.0
It's not a surplus
48:23.0
profits are earmarked.
48:25.2
I watched your interview
48:30.5
or that there are
48:31.6
Two budget cycles.
48:33.3
Everything to spend
48:34.7
For the country's interest.
48:39.9
for this interview, sir.
48:42.1
This is Head Start.
48:53.5
An inclusive society
48:57.6
heritage and diversity.
49:00.4
than Abiculture Advisors.
49:03.6
operates a diverse
49:06.4
commercial properties
49:10.0
Now the company's
49:10.6
vision is to invest
49:12.0
in transformative
49:15.0
rapid demographic
49:17.3
Now here to tell us
49:22.7
Jennifer, good to
49:24.0
to talk about this.
49:25.2
Nice to meet you,
49:27.0
about Abiculture.
49:29.6
behind finding it?
49:36.6
So, Abiculture to me
49:44.9
So, as it relates
49:51.8
in the United States.
49:54.1
what we were talking
49:54.9
about a while ago,
49:56.7
a strong emphasis
49:58.8
equity, and inclusion.
50:00.3
choose this advocacy?
50:05.6
in the United States,
50:07.5
institutional side,
50:11.1
we would consider
50:17.0
And it's the only
50:17.4
thing that I've done
50:22.2
in the United States,
50:28.1
what had happened
50:29.2
post-George Floyd
50:33.4
because every day
50:34.5
that flag of inclusion.
50:36.0
it is quite alarming.
50:37.6
ensure that these
50:41.9
And decision-making
50:46.2
focus is primarily
50:48.2
strong Asian demographics.
50:51.1
commercial real estate
50:52.0
is very different
50:55.6
investment strategies.
50:59.1
of Asian Americans
51:18.8
cultural scientist
51:24.6
and also investors.
51:26.5
is a conversation
51:28.3
AI and technology
51:29.8
would you address
51:42.3
I think the people
51:45.1
a diverse background
51:50.6
walk in our shoes
52:02.2
in these positions
52:03.3
are highly qualified.
52:04.9
They just so happen
52:15.1
because of the pandemic?
52:16.5
What do you think?
52:18.2
commercial real estate
52:34.2
to move the meter.
52:39.0
but do we have room?
52:43.7
what have you been doing
52:46.4
for this advocacy
52:48.7
battling all the kinds
52:50.2
that comes with it?
52:53.3
aside from my own platform,
52:55.5
the board president
52:58.7
Filipinos in Institutional
53:03.1
and mentor Filipinos
53:04.1
in institutional real estate.
53:06.7
between institutional
53:07.7
and non-institutional
53:08.8
in the United States
53:15.7
sovereign wealth funds,
53:19.8
we have 10 chapters
53:21.7
throughout the United States.
53:23.2
We launched our first chapter
53:26.2
trying to make sure
53:29.0
we get the networking,
53:30.2
and the mentoring
53:35.3
we introduced you
53:37.9
real estate investment firm
53:41.7
commercial properties,
53:44.3
Can you explain more?
53:45.3
What areas are these?
53:47.9
if you look at the,
53:50.0
if you look at where
53:51.1
institutional money
53:52.2
is already investing
53:54.8
in the United States,
53:56.1
they're already investing
53:58.4
and Hispanics are,
53:59.7
but they haven't figured out
54:02.3
On the flip side of it,
54:03.8
the economic drivers
54:04.7
of Asian Americans,
54:06.4
we're the fastest
54:07.8
we're the highest
54:09.4
we're the best educated,
54:10.7
and we have tremendous
54:12.8
all I'm really doing
54:17.1
investor playbook
54:19.3
a different source
54:20.6
which is institutional.
54:23.6
the rapid demographic
54:24.5
shifts you were referring to?
54:26.3
Or are you seeing
54:27.0
other kinds of shifts?
54:28.5
It's really just that.
54:32.0
us meaning Asians,
54:33.3
we're the fastest
54:35.7
rapid changing demographics
54:38.1
And can you provide
54:39.6
or real life stories
54:44.5
had a positive impact
54:46.5
or in a person's life?
54:51.8
and emerging professionals
54:53.7
and young professionals
54:56.5
that have teamed up
54:58.0
within the organization
55:01.5
interviewing skills
55:02.4
and got a warm lead
55:05.4
now they're employed.
55:06.9
I hear other stories
55:09.4
that are coming together
55:10.2
through conferences
55:11.5
or just to dinner
55:14.0
doing deals together.
55:19.0
very, very strong leaders
55:24.7
that we pass this down
55:26.4
because as many of us
55:29.2
that are Filipino-American,
55:31.7
our culture gets diluted
55:33.0
and you start to move away
55:36.8
and they just wanted
55:37.8
that we were going
55:38.2
to stay true to it
55:39.0
and that we were going
55:39.6
to take care of each other.
55:40.6
Now, how do you open
55:44.8
for younger professionals?
55:48.3
we take their calls,
55:54.7
an in to a company
55:55.9
or an opportunity.
55:57.7
we want to make sure
55:58.3
that we shepherd them
55:59.5
through the process
56:00.2
because many of us,
56:02.6
unlike many Filipino professionals,
56:05.7
my mentor is Filipina.
56:07.2
She's been my mentor
56:10.5
that you can't be it
56:11.4
unless you see it.
56:12.2
And I've got to see her
56:14.0
for the last three years
56:15.1
rise up the ranks.
56:16.2
So I've been very lucky.
56:17.7
Most people don't have that.
56:19.1
Most people don't,
56:19.9
that are Filipino,
56:20.8
don't have a Filipino mentor.
56:22.9
And so we want to make sure
56:23.9
that folks understand that.
56:25.5
That's just for the individuals.
56:27.2
But as it relates
56:27.9
to the industry in whole,
56:30.6
we want the industry
56:32.1
to know that there is
56:34.1
that is fully focused
56:38.8
we would love to be part
56:39.9
of speaking engagements.
56:41.8
And if there is an opportunity,
56:42.2
and just top of mind
56:43.4
when there are things
56:44.7
that are happening
56:45.3
within the industry.
56:47.6
what are the challenges
56:48.4
that you're still
56:49.0
currently facing?
56:53.5
or just in general?
56:54.6
I mean, obviously,
56:55.6
I mean, from a DEI standpoint,
56:58.6
within the United States,
57:00.2
now that has become
57:01.1
polarized through politics.
57:03.9
So what DEI was meant to be,
57:05.9
diversity, equity, inclusion,
57:07.4
has now turned into
57:08.8
almost like a racial,
57:10.9
a racial discrimination.
57:12.2
So that in itself
57:17.8
just to get past.
57:19.2
Now, what are people
57:21.4
Because you can't say DEI.
57:23.3
So now people are saying impact.
57:25.5
So that's one particular hurdle.
57:28.4
I think another two is
57:29.9
after the, again, 2020,
57:34.7
many of the institutions went out
57:36.3
and they created funds
57:37.8
and opportunities
57:38.8
specific for female
57:41.3
But there was a lot of
57:42.2
there was no governing entity
57:44.3
that held their feet to the fire.
57:47.9
what they actually said.
57:49.0
They had said that
57:49.5
they were going to allocate money
57:50.7
to put towards investments
57:53.1
and platforms that were led
57:54.6
by female and minorities.
57:56.3
But no one actually
57:57.2
followed up on that.
58:01.3
fell by the wayside.
58:02.7
And since majority
58:03.3
really of the problems
58:04.5
involves the institution,
58:05.6
I mean, how important
58:06.5
are the November elections
58:07.8
for the U.S. because of this?
58:09.8
For so many reasons.
58:12.2
really, really important.
58:13.3
I mean, I've been here
58:14.8
since the new Democratic
58:16.7
politician was announced.
58:19.6
And all I see on my feeds
58:22.6
everybody's side.
58:25.0
I think the scary part of it
58:27.3
you don't even know,
58:28.2
you don't even know
58:29.3
what's real news, right?
58:31.0
And so now we as a people
58:32.4
have to figure out
58:35.0
how do we decipher
58:36.0
what's actually true
58:37.7
when words and actual,
58:40.2
you know, visual content
58:41.6
look like things.
58:44.1
So I think that's probably
58:45.4
one of the biggest hurdles
58:46.2
for us as a people.
58:47.8
Lastly, Jennifer,
58:48.5
for people, of course,
58:49.6
you know, who want to be
58:50.9
how can they message you
58:51.8
after they reach out?
58:53.4
Jennifer Taylor on LinkedIn.
58:55.3
Thank you so much.
58:56.8
of Amiculture Advisors.
58:58.7
Thank you so much, Jennifer,
59:02.3
to the Paris Olympics,
59:03.7
the Philippine Olympic Committee,
59:04.9
confident Filipino athletes
59:06.7
competing in the games
59:08.8
the country's medal hall
59:10.3
from the Tokyo edition
59:13.4
Leanne Castillejo reports
59:18.8
Good afternoon from Paris.
59:21.0
It is a beautiful day
59:22.1
and everybody is super excited
59:25.3
of the Paris 2024 Olympics.
59:29.4
our Filipino athletes
59:32.2
to give it their all
59:33.5
for flag and country.
59:35.7
The streets of Paris
59:37.3
are quiet as the city prepares
59:38.9
for the much-awaited
59:41.0
of the Paris Olympics.
59:42.2
Security around the perimeter
59:44.6
has been tightened
59:45.5
and multiple roads
59:46.6
have been blocked.
59:47.8
Everyone is preparing
59:48.8
for the biggest sporting event
59:52.1
Even the iconic Arc de Triomphe
59:53.8
near the Champs-Élysées
59:54.8
has the Olympic feel.
59:57.3
Philippine Olympic Committee
59:58.2
President Bambol Tolentino
59:59.9
and POC SecGen Attorney
60:03.3
to ensure that Filipino athletes
60:05.2
have what they need
60:06.6
to perform their best.
60:08.2
The POC is confident
60:09.4
that the Philippines
60:10.1
will be able to deliver
60:12.2
A strong performance.
60:15.1
We're here again.
60:17.1
And we're excited.
60:21.9
Definitely, God willing,
60:30.3
We're sure of it.
60:33.3
the Olympic Village
60:34.2
are the gymnastics
60:36.9
But challenges remain
60:38.2
for the Philippine delegation.
60:40.2
There are a lot of problems.
60:41.2
Especially business.
60:44.4
posted to the air.
61:12.1
At the official's headquarters, the Olympic volunteers are busy attending to the multiple needs of arriving delegations.
61:25.1
The main press center is packed with journalists from over 200 nations, ready to cover the games.
61:32.2
First of all, it's the city, which is the main character of the Olympics, because it's a really beautiful city.
61:37.9
And then, we have this new kind of opening ceremony that is going to be a big headache, but most probably from TV will be fantastic.
61:51.2
So it will be much better on TV than live.
61:55.5
And then, of course, this time we come with very good athletes in several things.
62:03.7
So we are hoping to get our best medal table.
62:07.9
For Italy, how many goals are you expecting?
62:12.3
About 11. Maximum 11.
62:15.7
Everyone is excited for the unique opening ceremony happening Friday night along the Seine River in Paris.
62:22.7
Each delegation will be assigned a float as they sail along the iconic river.
62:27.6
Bleachers have also been set up on both sides of the river.
62:31.1
Those without tickets may still watch from the free zones.
62:34.1
Are you watching the opening ceremony?
62:36.7
Did you buy tickets?
62:38.4
Oh. May I ask how much the tickets cost?
62:40.7
Um, I feel like 3,000.
62:48.1
Wow. And where will that seat you?
62:50.1
Ah, the main. The Trocadero. Yeah.
62:52.6
Filipinos based in Paris came out in full force to throw their support behind the athletes.
62:58.6
I am very, very excited. Filipino pride, of course, and for a chance to live in this city with the Olympics.
63:06.3
I am very, very excited. Filipino pride, of course, and for a chance to live in this city with the Olympics.
63:07.3
I am very, very excited. Filipino pride, of course, and for a chance to live in this city with the Olympics.
63:13.0
And for a chance to live in this city with the Olympics.
63:37.2
The opening ceremony will begin 7.30 p.m. Friday, Paris time.
63:44.0
That's about 1.30 a.m. Saturday in Manila.
63:47.3
And the ceremonies are expected to last between 3 to 4 hours.
63:52.5
That's it from Paris. Back to you, Manila.
63:57.2
For numbers that matter this Friday, it's 8 billion U.S. dollars.
64:01.6
That's the initial cost that Paris budgeted for the 2024 Olympics.
64:05.8
The French capital has spent around $4.5 billion on infrastructure,
64:11.3
including $1.6 billion for its Olympic Village.
64:15.5
S&P Global says if the final cost of the 2024 Olympics stay within the ballpark of $8 billion,
64:22.3
then Paris will have hosted the cheapest summer games in decades.
64:29.1
And before we go, apparently boneless chicken wings are just a figment of the imagination in Ohio.
64:35.1
The State Supreme Court on Thursday ruled that consumers cannot expect boneless chicken wings to actually be free of bones.
64:44.0
It threw out the complaint of a restaurant customer who suffered serious medical complications from getting a bone stuck in his throat.
64:53.4
The complainant sued the restaurant, Wings on Brookwood, claiming it failed to warn him that their boneless wings could contain bones.
65:01.3
But in a 4-3 ruling, the state's high court said,
65:05.1
boneless wings only refers to a cooking style and that the complainant should have been on guard against bones since chickens naturally have them.
65:18.1
And those are the latest in all things business.
65:20.5
I'm Denise Dinsay.
65:21.4
You can watch highlights, recaps, and exclusive content of our shows online.
65:26.3
And I'm Stanley Palisada.
65:27.9
Subscribe to the ANC YouTube channel.
65:29.7
Like us on Facebook, follow us on Twitter, and join us again on Monday for another edition of...
65:35.1
The Business Roadshow.
65:46.1
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65:49.8
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You can catch the full ANC experience on ANC...
66:05.1
desde grisigning la larga de la placa a la protesta.
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Bihwritten photos and impressions.
66:16.0
Shopping contents,
66:17.9
дополн tube videos,
66:26.1
Anc video which consists of chir like this...
66:31.2
Mobility will be key to recovery
66:33.3
as we have costumes,
66:34.8
relaxed some of our quarantine
66:37.3
methods and we have
66:39.3
allowed more transportation
66:41.1
to come out. That's going to prove
66:43.4
to be better for demand.
66:45.4
If we do follow the health
66:47.3
protocols, the ability of people to move
66:49.3
around will likely contribute better
67:04.8
Thank you for watching!
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69:04.8
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69:34.8
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