02:22.7
That's going to prove to be better for demand.
02:25.7
If we do follow the health protocols,
02:28.7
the ability of people to move around,
02:30.0
we'll likely contribute better to growth.
02:32.3
🎵 Music 🎵
02:38.3
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03:00.0
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03:15.3
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03:30.0
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03:45.3
🎵 Music 🎵
04:00.0
The greatest disruptor of all time is actually COVID-19.
04:30.0
It further accelerated the adoption of consumers of digital channels.
04:38.4
We are now being able to provide the services needed by our citizens, by our consumers.
04:45.4
🎵 Music 🎵
04:49.9
🎵 Music 🎵
04:54.9
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04:55.9
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04:59.3
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05:00.1
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05:29.0
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05:29.2
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Thank you for watching!
05:59.2
Mobility will be key to recovery because we have relaxed some of our quarantine methods and we have allowed more transportation to come out.
06:10.6
That's going to prove to be better for demand.
06:13.8
If we do follow the health protocols, the ability of people to move around will likely contribute better to growth.
06:29.2
Thank you for watching!
06:59.2
Thank you for watching!
07:29.2
Thank you for watching!
07:59.2
The greatest disruptor of all time is actually COVID-19.
08:14.3
Because of limited mobility, people are also not being able to go to physical branches, etc.
08:19.5
It further accelerated the adoption of consumers of digital channels.
08:26.3
We are now being able to provide the ability to move around.
08:29.2
The services needed by our citizens, by our consumers.
08:59.2
In the shape of corporate and private actors for international China.
09:15.3
www. MexicoColumbiaOnline.com
09:27.5
MexicoColumbiaOnline.com
09:28.3
www. MexicoColumbiaOnline.com
09:29.2
Mobility will be key to recovery
09:49.7
because we have relaxed some of our quarantine methods
09:54.1
and we have allowed more transportation to come out.
09:58.3
That's going to prove our young democracy.
10:01.6
In ANC, we will witness the defining moments of Philippine history
10:06.0
that influence the world.
10:22.3
This is the Philippines.
10:58.3
And arsonists attack the French railway network
11:01.8
hours before the Olympics kickoff.
11:07.3
Good afternoon, I'm Stally Palisada.
11:09.4
And I'm Denise Insign.
11:10.5
You're watching Top Story.
11:24.8
We begin with the order of a joint investigation
12:28.0
Balilo also assures the public the Terra Nova's shipment remains intact.
12:32.6
He says only the ship's working fuel has leaked out so far.
12:36.2
The PCG earlier warned the possible leakage of the Terra Nova's fuel cargo would result in the biggest oil spill in Philippine history.
12:45.6
The PCG also coordinating with local governments of Metro Manila and other provinces that will be affected in the event of an oil spill.
12:58.0
We have a lot of personnel on the ground that only 2 kilometers of oil has leaked and oil has been seen.
13:08.5
And that comes from the engine, the working fuel of the ship.
13:19.4
Greenpeace of Philippines now calling on the government to act swiftly to prevent another environmental disaster.
13:27.1
Greenpeace also warned the government of the possibility of another environmental disaster.
13:28.0
Greenpeace is also urging the government to hold the owner of empty Terra Nova accountable.
13:33.0
It adds this tragedy underscores the need for government to reduce its dependence on fossil fuel.
13:39.4
Last year, a huge oil tanker also sank in Oriental Mindoro, impacting tourism and the livelihood of thousands of fisherfolk in the province and nearby areas.
13:55.0
The governor of the Philippine province of Bataan remains...
13:58.0
hopeful the oil spill from the sunken MV Terra Nova will be minimal.
14:03.6
Governor Joet Garcia identified the owner of the ill-fated tanker as Shogun Shipping Incorporated.
14:11.0
Garcia says his office is in contact with Shogun, along with disaster authorities and other government agencies.
14:16.9
We are hopeful and we believe that it is not coming from the main tank.
14:29.1
It might have come from the engine, the pipes, the sludge within the vessel.
14:37.8
So right now, the inspection team, PCG, the salvage master are doing their assessment.
14:46.9
And we should get a clearer picture within the day to the extent of the oil spill
14:54.7
and the possible actions that will be taken by the salvage master to secure the contents of the tanker.
15:06.6
Two villages in Bataan now under a fishing ban following the sinking of the empty Terra Nova.
15:13.8
The ban covers the villagers of Alangan and Lamang.
15:16.9
Now, authorities say the restriction may be extended depending on the effects of the oil spill.
15:22.7
Nemai's vice mayor notes over 3,000 registered fisherfolk in their town will be impacted by a ban.
15:30.2
The fisherfolk now appealing for aid while they are unable to work.
15:39.0
The combined effects of Typhoon Karina and the enhanced southwest monsoon left at least 21 dead in the Philippines.
15:46.9
The fatalities were recorded in Metro Manila, Calabarzon, and Central Luzon.
15:51.6
That figure, however, could still go up as local officials continue to assess the damage.
15:57.2
The Philippine National Police is pegging the death toll at 34.
16:01.7
Meanwhile, damage to agriculture and infrastructure in the province of Bulacan have breached 800 million pesos.
16:09.0
Local authorities say 185 villages in three cities and 12 towns remain flooded as of Friday.
16:16.9
Around 125,000 customers of Miralco still without power due to the torrential rains brought by Typhoon Karina and the southwest monsoon.
16:29.8
Most of these customers are Metro Manila residents.
16:32.9
The power distributors seeking the public's understanding as President Marcos.
16:38.2
As persistent flooding in some areas have hampered re-energization efforts.
16:42.4
Miralco vows to continue restoration efforts throughout the weekend.
16:46.9
President Ferdinand Marcos Jr. urging schools to push through with the opening of classes as much as possible.
16:56.1
That's after some local government units postponed the opening of classes from July 29 to the first week of August.
17:03.9
Typhoon Karina left at least 90 schools damaged.
17:07.3
Over 300 other school buildings, meanwhile, are being used as evacuation centers.
17:16.9
If the school buildings are in a condition to take slushes, they will do it.
17:23.3
Pero meron na talaga na panggi na lang yung may tubig, pero magamit na magiging mga fruity na hindi magamit.
17:31.4
At pag manasira na gamit, you have to do this.
17:34.9
Yes, as much as possible, it will be up to the school to decide what they may kaya ulit.
17:43.2
The Education Department earlier postponed July 29.
17:46.9
Opening of classes in a storm-hit area.
17:50.1
But Education Chief Sonny Angara had noted classes in areas with minimal to no damage will push through on Monday.
17:58.8
The Philippine government is allocating more than P6 billion in the proposed 2025 national budget for new teaching positions.
18:08.2
Budget Secretary Amena Pangandaman says the funds will support the teachers' expanded career progression program.
18:15.1
Education Secretary Amena Pangandaman says the funds will support the teachers' expanded career progression program.
18:15.3
Education Secretary Amena Pangandaman says the funds will support the teachers' expanded career progression program.
18:16.9
Sani Anggara says the program aims to facilitate faster promotion of the serving teachers.
18:23.6
On Friday, the implementing rules and regulations for the career progression system have also been signed.
18:30.2
The system gives public school teachers two distinct paths in their professional career.
18:35.8
Meantime, the budget chief also says teachers would receive salary increases in four tranches.
18:42.1
The Philippine government moves to assist schools damaged by Typhoon Karina.
18:50.1
The Treasury Bureau says it will file a claim under the National Indemnity Insurance Program
18:55.9
for the repair and reconstruction of 45 public schools in eight regions.
19:01.7
For its pilot run, the Bureau has already secured coverage of over 100,000 school buildings nationwide
19:09.1
with an insured value of over $800.
19:12.1
This will help the Education Department as damage to public schools already amounted to P308 million.
19:23.6
The Internal Revenue Bureau extends the tax deadlines in areas affected by Typhoon Karina
19:29.6
and the enhanced southwest monsoon.
19:32.5
BIR Commissioner Romeo Lumagi Jr. said the deadline has been moved from July 25 to July 31.
19:40.1
Covered by the extension of the National Indemnity Insurance Program,
19:42.1
taxpayers in the National Capital Region, Santa Luzon, and Calabarzon.
19:50.1
Philippine lawmakers call for better flood control measures in Metro Manila
19:54.4
in the wake of the devastation caused by recent storms.
19:58.2
Rafael Bozano with that story.
20:03.2
Both houses of Congress are keen on investigating the country's flood control systems
20:08.2
following the devastation caused by Super Typhoon Karina.
20:12.1
Once Senator Laments, flooding has worsened in his hometown of Bulacan Province
20:16.7
as well as other parts of the country despite substantial government funding.
20:27.6
Senate President Francis Escudero points out,
20:31.0
P255 billion was allocated for flood control under the government's 2024 national budget
20:37.6
which surpassed the budgets of entire departments
20:40.5
such as the Department of National Defense,
20:42.1
and the Department of Social Welfare and Development.
20:46.0
The Metropolitan Manila Development Authority for its part says,
20:49.8
projects such as flood pumping stations are already in place to mitigate flooding.
20:54.8
But the rain dumped the past days was just excessive.
20:58.6
To avoid severe flooding, the MMDA says a comprehensive drainage master plan is now in the works.
21:04.5
The purpose is for all drainage systems in Metro Manila to integrate.
21:12.1
At least two senators, meanwhile, blamed the Manila Bay reclamation
21:23.5
for the massive flooding at the Senate premises in Pasay City.
21:28.2
But geologist Mahagnag May explains,
21:31.1
the area is already prone to flooding even without the reclamation projects.
21:35.4
Even without the reclamation, because of the lay of the ground there,
21:40.1
when we simulated it,
21:42.1
flooding is possible in that area.
21:45.2
For Dr. Jerry Bagtasa of the UP Institute of Environmental Science and Meteorology,
21:51.2
the public must also understand that Metro Manila lies on a flood plain.
21:56.2
The rain, when it falls on the ground,
21:58.7
it will find a way to return to the sea.
22:01.7
So those who fell in Rizal,
22:03.2
the way to return to the sea is through Pasig River,
22:06.9
through Metro Manila to Manila Bay.
22:09.1
A lot of people are saying now,
22:10.6
in the reclamation,
22:13.0
so it's hard to quantify for now,
22:15.5
but generally speaking,
22:18.1
if you want to bring the water out to Manila Bay,
22:21.0
if you put land in Manila Bay,
22:23.7
the flooding will be less.
22:25.1
Quezon City, one of the most heavily affected areas in the NCR,
22:29.3
admits it is high time to work on improving different types of infrastructure
22:33.1
that would help prevent floods.
22:35.7
The problem now is that our pipes are narrow and small
22:38.9
and they cannot absorb the capacity of the water.
22:42.0
So we have to work on improving the capacity of the water.
22:42.0
We have to improve the volume of rainwater that is coming.
22:45.1
So we really have to keep changing our drainage,
22:47.8
enlarge the pipes so that they can now absorb the capacity of the rain.
22:53.5
With future typhoons predicted to be stronger and more devastating,
22:58.0
experts stress the importance of everyone's cooperation
23:01.0
in mitigating climate disasters
23:03.3
and ensuring that casualties are kept to a minimum.
23:07.5
Responsibility ng pahamahalaan to keep them safe.
23:10.9
Pero in the equation,
23:12.0
meron silang share.
23:14.1
Yung pagre-recycle natin ng basura,
23:16.3
trust management natin,
23:17.9
pagkatanim ng puno,
23:19.6
yung mga ganyan, yung back to basics.
23:21.6
Rafael Bosano, ABS-CBN News.
23:26.9
Over in Marikina, dozens of pets were rescued
23:30.2
during the height of Wednesday's relentless rains.
23:34.2
Jack Batalionis has more.
23:38.1
A dog training school in Marikina City
23:40.0
took to social media,
23:41.5
documenting the damage to the dog's body.
23:41.9
During the perilous moments,
23:43.3
a dog trainer and the pets in their care
23:45.3
endured for hours as the city flooded
23:48.2
due to the southwest monsoon
23:50.2
enhanced by Typhoon Karina.
23:52.3
Alvin Labaris, also known as Winsol,
23:55.2
shared their situation on Wednesday night.
23:58.2
Floodwaters continued to rise
23:59.9
as Marikina River reached 20 meters,
24:03.5
triggering the third alarm level.
24:05.4
With water flooding the first floor,
24:07.6
Alvin carried their dogs to the upper floors one by one.
24:13.4
huwag po kayo mag-worry sa kanila, ma'am.
24:16.5
Safety naman po sila.
24:18.2
Naluluha ako, nakausap ko sila.
24:20.3
Sabi ko, pasensya na,
24:21.7
ba't kailangan nyo pagpagdaanan tong gantong sitwasyon.
24:26.1
hindi ko kayo papabayaan.
24:27.7
Labaris assured the owners
24:29.3
that even if rescuers arrived,
24:31.7
he wouldn't leave the dogs behind.
24:33.9
Ayot ni dumating na rescuer dito, ma'am,
24:36.0
di ko po iwanan yung mga aso nyo rito, ma'am.
24:40.3
Natrap po kami rito,
24:41.9
sa pagliligtas ng mga aso, ma'am.
24:45.0
At sa hindi na po kami nakalabas,
24:47.1
lumaki na po yung tubig.
24:48.4
Lagpas taon yung tubig,
24:50.5
sinisid ko, sinisid ko hanggang ilalim,
24:52.6
makuha ko lang siya.
24:54.4
Sabi ko sa mga tao ko,
24:55.6
ayokong makita nila ang panghinaan ng loob,
24:58.5
na relax lang kayo, basta ang importante,
25:01.6
mailigtas natin yung mga aso.
25:02.9
A few hours later,
25:04.4
he updated his post,
25:06.3
showing floodwaters beginning to subside.
25:08.8
By Thursday morning,
25:10.0
the school was finally flood-free.
25:11.9
The school is located within Provident Village, Marikina,
25:15.4
which experienced devastating floods in 2009,
25:19.2
caused by Typhoon Ondoy.
25:20.9
Those floods claimed the lives of residents and even pets
25:24.1
who were caged or tied up.
25:26.3
Animal rights organizations continue to remind owners
25:29.1
to take care of their pets during calamities
25:31.8
and give them a fighting chance to survive.
25:35.2
As the saying goes,
25:36.9
nobody gets left behind.
25:38.8
Because pets are family too.
25:41.9
Jek Batallones, ABS-CBN News.
25:46.2
Let's now check on the weather here in the Philippines
25:48.8
with Pagasa Forecaster, Ana Cloran.
25:52.0
Yes, good afternoon, Denise.
25:53.6
As of 3 p.m. today,
25:55.0
the low-pressure area was estimated
25:56.9
at around 900 kilometers east of southeastern Mindanao.
26:01.6
This LPA has a low chance to develop
26:04.7
into a tropical depression within the next 24 to 48 hours.
26:09.3
And as of the moment,
26:10.8
this LPA doesn't have any effect
26:13.7
or direct effect in any parts of the country.
26:16.8
Meanwhile, the southwest monsoon or the habagat
26:19.5
still prevailing over the whole Luzon and Visayas
26:23.6
and this will bring occasional rains
26:25.2
over Ilocos region, Batanes,
26:27.7
Babuyan Island, Zambales, and Bataan.
26:30.6
Over the Cordillera and Sibidion, Tarlac, and Pampanga,
26:33.6
we're still expecting a cloudy sky
26:35.7
with scattered rain showers and thunderstorms.
26:38.7
But here in Metro Manila and the rest of the country,
26:40.6
we're still expecting a cloudy sky with scattered rain showers and thunderstorms.
26:40.8
But here in Metro Manila and the rest of the country,
26:41.2
we're still expecting a cloudy sky with scattered rain showers and thunderstorms.
26:42.0
We're not expecting improving weather condition,
26:44.9
but cloudy to cloudy skies aside from isolated rain showers
26:47.7
mostly in the afternoon or in the evening.
26:50.6
And that's the latest from Pagasa.
26:52.4
This is Anna Clorine. Good afternoon.
26:57.0
Karina, with international name gaming,
26:59.3
leaves three people dead and 380 others injured in Taiwan.
27:04.3
The storm submerged streets across Taiwan's southern city of Kaohsiung
27:08.2
with residents scrambling to save what they can.
27:10.6
Kami is the strongest storm to hit Taiwan in eight years.
27:18.3
After battering the Philippines and Taiwan, Typhoon Kami makes landfall in China's Fujian province.
27:25.6
The typhoon is the biggest to hit China's eastern seaboard this year.
27:30.3
In Fujian, about 150,000 people, mainly from coastal fishing communities, were relocated.
27:36.6
Most flights were also cancelled at airports in Fujian and Zhejiang.
27:41.7
Hundreds of highways were also closed while train operations in areas affected by the storm were suspended.
27:50.8
Back here at home, authorities and residents of Boracay capture a crocodile swimming in the world's renowned beach.
27:58.5
Locals used nets to catch the reptile.
28:01.2
This is the first time a crocodile was spotted in Boracay's waters.
28:04.4
The reptile has since been transported.
28:06.6
It was transported to the mainland and turned over to the Community Environment and Natural Resources Office.
28:14.5
Moving on, Senator Ronald De La Rosa shrugging off his inclusion in the list of suspects being investigated by the International Criminal Court for its drug war probe.
28:25.7
For De La Rosa, that's old news since his name was always mentioned when the Duterte administration's drug war was being criticized.
28:33.4
An ICC document shared by former Senator Andresen.
28:36.6
Antonio Trellianes showed the ICC prosecutor found reasonable grounds to believe De La Rosa and four other retired and current police officers were involved in systematic killings in the drug war.
28:50.2
The four include former PNP Chief Oscar Albayalde, former Criminal Investigation and Detection Group Chief Romeo Carama Jr.,
29:00.2
former National Police Commission Chief Edelberto Leonardo, and former PNP Chief Intelligence.
29:06.6
Meanwhile, progressive group Bayan Muna urges the suspects named by the ICC to come clean and cooperate to potentially lighten their sentences.
29:21.1
China issues a rare compliment to the Marcos administration following President Marcos' order to ban offshore gaming operations in the country.
29:29.8
Beijing's embassy in Manila says the president's decision serves the common interest of the people of Boracay.
29:36.6
The embassy also reiterated its stance with Pogos, which it says breed serious crimes.
29:44.3
The Chinese government, which prohibits all forms of gambling, helped the Philippines shut down five Pogo hubs and repatriated nearly a thousand Chinese citizens last year.
29:56.3
The Philippine Senate panel on women and children pushing through with its hearing on illegal offshore gaming hubs on July 29.
30:05.1
With or without...
30:06.6
Controversial Mayor Alice Goh.
30:09.0
The committee's chair, Senator Risa Ontiveros, says they will look into other issues plaguing Pogos.
30:15.7
She adds the Senate's oversight function is still needed, even after President Marcos banned Pogos during his sauna Monday.
30:23.8
Goh's legal counsel earlier said it is unlikely that the embattled mayor will attend the inquiry again as she wishes to defend herself in court.
30:36.6
The middle-end market of the Philippine real estate sector feared to be in trouble after the government banned Pogos.
30:44.5
According to David Lichu of Lichu Property Consultants, the landlords of residential spaces leasing to Pogo personnel are now in a panic.
30:53.4
Owners of office spaces, especially in the Bay Area, Alabang, and parts of Makati, also bracing for impact.
31:02.4
The Chequina market will have a tough time because the rents will come down by 50%.
31:07.4
And it will take a longer time to get tenants.
31:11.2
And most of them will be local tenants as against the foreign tenants.
31:17.9
The other thing to consider is the office sector.
31:21.4
The office sector will be hit quite hard.
31:23.8
But thankfully, the Pogo sector occupies about a million square meters, more or less.
31:30.3
Maybe it's about 800,000 to a million square meters today.
31:34.6
Most of those office landlords will...
31:36.6
will take a long time to find tenants.
31:43.3
Up next, another oil price rollback is in the offing.
31:46.6
And OpenAI launches its own search engine.
31:49.8
More news when we return.
32:06.6
To be continued...
32:22.8
To be continued...
32:27.7
To be continued...
32:32.5
To be continued...
32:34.0
To be continued...
32:35.3
To be continued...
32:35.7
To be continued...
32:36.1
To be continued...
32:36.4
To be continued...
32:36.6
Thank you for watching!
33:06.6
Thank you for watching!
33:36.6
Thank you for watching!
34:06.6
Thank you for watching!
34:36.6
Thank you for watching!
35:06.6
Thank you for watching!
35:36.6
Thank you for watching!
36:06.6
Thank you for watching!
36:36.6
Thank you for watching!
37:06.6
Thank you for watching!
37:36.6
Thank you for watching!
38:06.6
Thank you for watching!
38:36.6
Great Law establishes a performance-based, time-bound, and transparent tax incentives regime in the country.
38:46.2
Philippine shares managed to end the week higher despite dampened optimism on the President's annual address and the aftermath of a storm.
38:54.6
This report has more.
38:57.5
Regional equities are up for the day as investors weighed firmer expectations of rate cuts by the Federal Reserve.
39:05.1
This followed the latest
39:06.6
GDP data in the United States,
39:08.8
which showed its economy
39:12.2
in the second quarter.
39:14.6
At a Philippine stock exchange,
39:16.6
the local bores capped the week
39:18.3
at the 6,700 level.
39:20.9
Luis Limlingan, head of sales
39:22.4
at Regina Capital, says
39:23.8
the typhoon halted enthusiasm
39:26.4
after the President's
39:29.6
There was some damage both to some
39:34.2
and irrigation networks.
39:36.6
And people are assessing the damage.
39:38.6
Hopefully, I've seen some estimates
39:40.5
that the damage is
39:42.7
I think less than 10 million to both.
39:44.7
So hopefully, it's capped that much
39:46.7
so at least it's contained.
39:48.1
In corporate stories, a change of leadership
39:50.8
in Robinson's retail holdings.
39:53.1
Company directors elected on Thursday
39:54.9
Stanley Cole as their new
39:56.9
President and CEO
39:58.3
beginning next year.
40:00.5
Mr. Cole is currently Robinson's retail
40:04.8
a mainstay in the company.
40:06.6
Ascending through its ranks
40:08.4
after he joined the firm in
40:12.6
And yet another major change,
40:14.3
Mr. Lance Gokongwe is stepping down
40:18.2
And in his place will be Ms. Robina Gokongwepe.
40:21.3
Jollibee Foods Corporation
40:22.5
is keeping its latest acquisition
40:24.6
in Korea, at least for now.
40:26.9
CFO Richard Shin says
40:28.3
they see a lot of growth potential
40:30.2
for compost coffee in Seoul.
40:33.0
JFC previously said
40:34.2
that compost coffee has over
40:36.6
1,000 franchise stores in South Korea.
40:40.1
And finally, in earnings,
40:41.3
Philex Mining further bleeds
40:42.9
halfway into the year.
40:45.2
Its H1 coordinate income
40:50.6
from the P702 million
40:57.4
The Philippine government
40:58.9
begins the conduct of a study
41:00.6
for a Subiclark Manila-Batangas
41:02.8
railway. The Transportation
41:04.9
Department announced funding for the Philex Mining
41:06.6
for a feasibility study
41:08.0
for such a project is being prepared
41:10.5
to establish a logistics corridor
41:14.3
Transport Undersecretary Timothy Batan
41:16.5
said the massive project will be
41:18.5
a joint initiative with the U.S.,
41:20.5
Sweden, and the Asian Development Bank.
41:23.3
The proposed railway
41:24.5
will connect Subic Port
41:25.9
with Clark International Airport,
41:28.6
the Port of Manila, and the Port
41:33.9
Another rollback in oil prices seen
41:36.2
in the last week of July.
41:37.8
The Energy Department expects gasoline and diesel
41:40.0
to fall by as much as
41:41.8
95 centavos per liter
41:43.7
while kerosene prices may see
41:45.8
an 80 to 90 centavo price
41:52.2
expectation na sinasabi na
41:54.1
maraming supply ang world market
41:56.4
versus na weak naman
41:57.9
ang demand. So, ilisabihin,
41:59.7
pababa ang presyo. Tapos po,
42:01.9
ang pangalong kadahilanan,
42:03.6
yung negosyasyon na nangyayari sa gasa.
42:06.2
Magkaroon ng ceasefire.
42:08.5
Kasi kapag na-resolve to,
42:10.4
definitely mawawala yung
42:11.8
risk premium sa ating petroleum product.
42:17.8
Overseas, North Korea's economy grew
42:19.9
sharply in 2023 after
42:22.0
three years of contraction.
42:24.2
That's according to estimates by South
42:26.0
Korea's Central Bank. Pyongyang's
42:28.4
GDP print came in at
42:32.0
its biggest percentage growth
42:36.2
That's as its trade with China
42:37.9
increased after the easing of COVID
42:39.7
pandemic border controls.
42:41.8
The Bank of Korea believes trade
42:43.7
with Beijing accounted for 98%
42:46.1
of Pyongyang's trade
42:48.0
volume. The Bank of Korea
42:50.0
has been publishing estimates of the
42:51.8
North Korean economy since 1991
42:54.3
based on intelligence
42:55.9
and data from Seoul's Unification
43:02.2
vigilance against excessive foreign
43:04.0
exchange rate fluctuations driven by the
43:04.4
North Korean economy.
43:04.4
The North Korean economy is a
43:04.6
foreign exchange rate fluctuation driven by the
43:06.9
The U.S. dollar is a
43:06.9
foreign exchange rate fluctuation
43:07.0
driven by the U.S. dollar.
43:07.0
During the G20 finance
43:09.4
ministers and Central Bank
43:10.8
governors meeting in Brazil,
43:12.9
Tokyo's top currency diplomat
43:14.8
Masato Kanda said
43:16.5
attention is needed on risks of
43:18.5
prolonged high interest rates
43:20.3
in some countries, destabilizing
43:22.9
financial markets.
43:24.6
His comments follow recent wild
43:26.6
swings in the Japanese
43:28.8
yen. The currency rallied
43:30.8
for a fourth session against the U.S.
43:32.7
dollar on Thursday, recovering
43:34.6
from 38-year lows in the U.S. dollar.
43:36.1
Sh IPOs earlier this month.
43:38.0
Unsuspected intervention by
43:39.9
Japan early in the month.
43:42.1
Now analysts had blamed wide
43:44.0
U.S.-Japan interest rate
43:45.3
differentials for the yen's
43:51.8
G20 finance ministers summit,
43:53.8
its members agreed to collaborate
43:55.4
on ensuring that the ultra-rich
43:57.6
are taxed effectively.
43:59.7
Brazil, which is leading the talks,
44:01.7
has advocated for a 2% wealth
44:03.8
tax on fortunes exceeding
44:06.1
which could generate up to $250 billion annually from around 3,000 individuals.
44:14.3
The move was generally supported by G20 members,
44:17.7
but some expressed skepticism about the feasibility of implementing such a tax scheme.
44:24.5
Now, G20 members are expected to issue a declaration about the issue later today.
44:30.2
Okay. OpenAI is venturing into a territory long dominated by Google
44:37.2
with the launch of SearchGPT, an artificial intelligence powered search engine.
44:45.2
OpenAI is taking on Google with a new search engine.
44:49.0
The artificial intelligence pioneer on Thursday announced the launch of SearchGPT.
44:54.2
It's a prototype AI search engine and is only being tested with a small group of users
45:00.2
The best features from the search tool will later be incorporated into the ChatGPT chatbot.
45:07.4
OpenAI says the product will provide summarized search results with links to source material.
45:13.6
It's potentially a big threat to Alphabet-owned Google, which dominates the global search market.
45:19.7
In June, it had a market share of over 91%.
45:22.8
Alphabet shares closed 3% lower following the news.
45:27.1
But the move could also put OpenAI on collision.
45:30.2
OpenAI has a collision course with its own big backer, Microsoft, which operates the Bing search engine.
45:36.0
The Windows maker has already adopted OpenAI tech for use by Bing.
45:40.7
Meanwhile, Google recently rolled out AI-powered summaries.
45:45.0
Another rival is the startup Perplexity, a search-focused chatbot backed by Amazon founder Jeff Bezos and AI chip champion NVIDIA.
45:58.8
California's governor orders for a new AI chip.
45:59.3
California's governor orders for a new AI chip.
45:59.3
California's governor orders for a new AI chip.
45:59.4
California's governor orders for a new AI chip.
45:59.5
California's governor orders for a new AI chip.
46:00.2
California's governor orders for a new AI chip.
46:00.3
California's governor orders for a new AI chip.
46:00.4
California's governor orders for a new AI chip.
46:00.6
California's governor orders for a new AI chip.
46:00.8
California's governor orders for a new AI chip.
46:01.0
California's governor orders for a new AI chip.
46:01.4
California's governor orders for a new AI chip.
46:21.6
Despite the inflation,
46:23.5
the outlook for the holidays this year
46:25.7
will remain to be optimistic.
46:30.2
During the holidays is mainly because of two reasons
46:34.5
The holiday celebrations have been
46:36.5
Well embedded already in our traditions
46:38.3
So Filipinos will find a way
46:40.9
To celebrate and enjoy the season
46:44.5
From the expected bonuses
46:46.2
That we may receive during the year
47:00.2
In a fast-paced world
47:27.1
Where business drives the economy
47:30.2
We'll give you a rundown of today's
47:33.0
Most significant business headlines
47:35.0
With a snapshot of market performance
47:37.5
Sector trends and notable developments
47:39.9
That could impact market sentiment
47:42.1
Unlock the secrets to success
47:45.0
As we showcase the strategies, innovations
47:47.6
And stories behind industries
47:50.4
So you're always in the know about how the financial world
47:54.8
Gain advantage with our inside track access
47:58.1
So you have the right information
48:00.2
To help you strategize
48:01.7
Your business decisions
48:03.3
The most important business and economic news
48:07.7
Delivered to you every night
48:09.3
On the Business Outlook
48:10.4
Get your business news fix on ANC
48:14.6
The ABS-CBN News Channel
48:30.2
You're back on Top Story
48:34.3
Families of hostages being held in Gaza
48:36.4
Meet with US President Joe Biden
48:38.4
And Israeli Prime Minister Benjamin Netanyahu
48:41.0
At the White House
48:42.5
They say they received a commitment
48:44.9
From both leaders
48:45.9
They will urgently work towards a ceasefire deal
48:48.6
But what we did find by the end of the meeting
48:55.0
Which was productive and honest
48:59.5
Probably more optimistic than we have
49:04.2
Since the first round of releases
49:06.8
In late November, early December
49:08.7
Where a little over a hundred of Israel's hostages
49:12.7
We got absolute commitment
49:15.3
From the Biden administration
49:17.3
And from Prime Minister Netanyahu
49:19.3
That they understand the urgency
49:21.4
Of this moment now
49:25.1
And to complete this deal
49:27.7
As it currently stands
49:29.5
With as little change as humanly possible
49:33.8
This development follows the reports
49:37.7
Israel is demanding changes to a ceasefire plan
49:40.8
Complicating talks
49:42.1
Sources say Israel now wants displaced Palestinians
49:46.9
As they return to the enclaves north
49:48.8
Once a ceasefire begins
49:50.8
Israel also demanding to retain control
49:53.3
Of Gaza's border with Egypt
49:54.8
US Vice President Kamala Harris
49:59.4
To the White House
49:59.5
Says Israeli Prime Minister Benjamin Netanyahu
50:01.9
It is time for the ceasefire deal to get done
50:05.1
Harris emphasized that she strongly urged Netanyahu
50:08.7
To address the humanitarian crisis in Gaza
50:11.5
The remarks of the presumptive Democratic presidential nominee
50:15.5
Suggest a possible shift in approach
50:18.3
From President Biden's Israel policy
50:21.0
I also expressed with the Prime Minister
50:26.2
My serious concern
50:28.1
About the scale of the war against Israel
50:29.5
Of human suffering in Gaza
50:31.2
Including the death of far too many
50:34.5
Innocent civilians
50:36.0
And I made clear my serious concern
50:39.5
About the dire humanitarian situation there
50:43.2
With over 2 million people
50:45.6
Facing high levels of food insecurity
50:48.9
And half a million people
50:51.2
Facing catastrophic levels
50:53.3
Of acute food insecurity
50:56.0
We cannot look away
50:58.1
In the face of these tragic times
50:59.4
We cannot allow ourselves
51:04.2
And I will not be silent
51:06.7
Turning now to the campaign trail
51:11.9
Vice President Kamala Harris
51:13.6
Says she is ready to face
51:15.2
Republican presidential candidate Donald Trump
51:18.0
This as she accused Trump of trying to back out
51:21.0
From a previously agreed September 10 debate
51:23.8
Hosted by ABC News
51:26.8
He would prefer to shift the event
51:28.7
To the United States
51:30.1
So many of you have been asking me
51:35.9
And I'll tell you
51:36.8
I'm ready to debate Donald Trump
51:38.2
I have agreed to the previously
51:40.7
Agreed upon September 10th debate
51:43.2
He agreed to that previously
51:44.9
Now it appears he's backpedaling
51:47.5
And I think the voters deserve to see
51:50.8
The split screen that exists
51:54.0
On a debate stage
51:59.4
The Democratic Party's Rules Committee
52:01.9
Earlier agreed on a plan
52:03.3
To formally nominate Harris
52:04.7
As a presidential candidate
52:06.4
As soon as August 1st
52:08.5
Before the party's convention in Chicago
52:12.9
Harris reportedly plans to pick up a running mate
52:19.5
U.S. Treasury Secretary Janet Yellen
52:21.7
Says Vice President Harris
52:23.1
Would continue Joe Biden's progress
52:26.5
U.S. international leadership
52:29.4
Yellen spoke Thursday
52:32.1
Of the G20 Finance Ministers Meeting
52:35.3
She warns that a reversal
52:37.3
Of the progress made
52:38.6
By the Biden administration
52:39.9
Would be detrimental
52:41.5
To the global economy
52:42.9
And America's place
52:45.3
On issues confronting America
52:52.6
She deeply understands
52:55.9
What's necessary to
52:57.6
And why it's important
52:59.4
To restore U.S. leadership
53:02.4
On the global stage
53:04.5
And she's been a critical part
53:07.4
Over in California
53:12.0
Governor Gavin Newsom
53:13.6
Orders the removal
53:14.8
Of homeless encampments
53:17.5
This follows a Supreme Court decision
53:20.1
Which upheld anti-camping laws
53:22.0
Used to fine people
53:23.6
Living on the streets
53:24.8
Newsom told state agencies
53:27.1
To prioritize removing camps
53:29.4
That pose health and safety risks
53:31.2
And provide at least 48 hours notice
53:33.2
To the people affected
53:34.6
I don't think there's anything
53:39.3
And more frustrating
53:40.6
Than addressing the issue
53:42.5
In the state of California
53:43.5
Over the course of the last
53:45.3
The state has stepped up
53:46.6
Where in the past
53:47.6
We provided no support
53:49.8
To cities and counties
53:51.1
To clean up encampments like this
53:52.6
Today we've invested now
53:54.2
Over one billion dollars
53:55.7
In encampment resolution grants
53:57.3
Not only clean up sites like this
53:59.4
But to address the underlying issue
54:01.3
In the first place
54:02.2
California had 180,000 homeless people
54:08.0
More than any other state
54:09.9
The French high-speed train network
54:24.1
Is targeted by vandals
54:25.6
Causing major disruption
54:28.3
Ahead of the Paris
54:30.2
The state railway operator
54:33.6
To several of its facilities
54:34.8
In what it described
54:36.1
As a coordinated sabotage
54:38.8
Leading up to the games
54:40.1
Trains were forced to a halt
54:42.5
After arsonists set fires
54:44.6
At key installations
54:45.7
Along the rail lines
54:47.7
The disruptions are feared
54:49.4
To impact 800,000 travelers
54:51.5
Throughout the weekend
54:52.7
As personnel oversee repairs
54:54.9
The French transportation minister
54:57.2
Said the attacks were deliberate
54:59.4
And that a probe is underway
55:01.5
The opening ceremony
55:03.3
Is happening at 1 a.m.
55:06.3
International Olympic Committee
55:09.8
President Thomas Bach
55:11.1
Says sports is peace
55:12.6
On the eve of the opening ceremony
55:14.9
Of the summer games
55:16.3
He made that remark
55:18.0
During a summit on sports and development
55:20.0
Hosted by French President
55:23.0
It's the first international summit
55:25.7
Dedicated to sports and development
55:27.4
For future generations
55:30.3
The world will turn its eyes
55:32.6
For the opening ceremony
55:34.5
On the Seine River
55:36.0
The show will be attended
55:37.6
By more than 80 heads of state
55:40.1
And more than 300,000 spectators
55:42.8
Will watch from the riverbanks
55:44.6
The Philippine Olympic Committee's
55:49.3
Confident Filipino athletes
55:50.9
Competing in the Paris Olympics
55:52.3
Will surpass the country's medal hall
55:54.3
From the Tokyo Games
55:57.0
Diane Castillejo reports from Paris
55:59.4
Good afternoon from Paris
56:03.8
It is a beautiful day
56:05.1
And everybody is super excited
56:07.4
For the opening of the Paris 2024 Olympics
56:12.2
Our Filipino athletes
56:15.2
To give it their all
56:16.5
For flag and country
56:17.8
The streets of Paris are quiet
56:21.0
As the city prepares
56:22.0
For the much-awaited opening ceremony
56:24.0
Of the Paris Olympics
56:25.4
Security around the perimeter
56:27.6
Has been tightened
56:28.5
And multiple roads are closed
56:29.4
Everyone is preparing
56:31.9
For the biggest sporting event
56:34.2
Even the iconic Arc de Triomphe
56:36.8
Near the Champs-Élysées
56:37.9
Has the Olympic feel
56:39.5
Philippine Olympic Committee
56:41.2
President Bambol Tolentino
56:42.9
And POC SecGen Attorney
56:46.4
To ensure that Filipino athletes
56:48.2
Have what they need
56:49.6
To perform their best
56:50.8
The POC is confident
56:52.4
That the Philippines
56:53.1
Will be able to deliver
56:54.4
A strong performance
56:59.4
And we're excited
57:04.7
Definitely God willing
57:12.7
Already inside the Olympic Village
57:17.2
Are the gymnastics and boxing team
57:19.6
But challenges remain
57:21.2
For the Philippine delegation
57:22.5
There are many problems
57:29.2
We don't have visa
57:30.2
We don't have a release
57:33.2
And when you pass there
57:34.2
The embassy is still closed
57:38.2
So everyone is rebuked
57:42.2
Because of the flight
57:44.2
But the flight hasn't been released yet
57:46.2
Sir, what new officials
57:47.2
Are you training with?
57:49.2
There are coaches
57:50.2
Some NSF officials
57:51.2
There are a lot of them
57:57.2
It's a flight now
57:58.0
But it just came out now
57:59.0
We don't have a passport
58:00.0
We don't have a visa
58:01.0
At the officials' headquarters
58:03.0
The Olympic volunteers
58:04.0
Are busy attending
58:05.0
To the multiple needs
58:06.0
Of arriving delegations
58:08.0
The main press center
58:09.0
Is packed with journalists
58:10.0
From over 200 nations
58:12.0
Ready to cover the games
58:14.0
First of all, it's the city
58:16.0
Which is the main character
58:19.0
Because it's a really beautiful city
58:21.0
And then we have this new
58:25.0
Kind of opening ceremony
58:27.0
That is going to be
58:30.0
But most probably
58:32.0
From TV will be fantastic
58:35.0
So it will be much better
58:38.0
And then of course
58:40.0
This time we come
58:41.0
With very good athletes
58:45.0
In several things
58:48.0
To get our best medal table ever
58:54.0
Are you expecting?
58:58.0
Everyone is excited
59:00.0
For the unique opening ceremony
59:02.0
Happening Friday night
59:03.0
Along the Seine River in Paris
59:06.0
Will be assigned a float
59:08.0
Along the iconic river
59:10.0
Bleachers have also been set up
59:12.0
On both sides of the river
59:14.0
Those without tickets
59:16.0
From the free zones
59:18.0
The opening ceremony?
59:20.0
Did you buy tickets?
59:23.0
How much the tickets cost?
59:33.0
And where will that seat you?
59:37.0
Filipinos based in Paris
59:38.0
Came out in full force
59:39.0
To throw their support
59:40.0
Behind the athletes
59:41.0
I am very very excited
59:42.0
Filipino pride of course
59:44.0
To live in this city
59:45.0
With the Olympics happening
59:47.0
Such an amazing experience
59:48.0
It's gonna be like
59:50.0
But with a live broadcast
59:53.0
To live in this city
59:54.0
With the Olympics happening
59:58.0
To the live broadcast
60:00.0
22 Filipino Olympians
60:01.0
Will be participating
60:02.0
In this year's Olympics
60:07.0
Philippine delegation
60:08.0
That will take part
60:09.0
In the opening ceremonies
60:15.0
For the Philippines
60:20.0
And Nesty Patecio
60:21.0
The opening ceremonies
60:30.0
And the ceremonies
60:39.0
Philippine athletes
60:41.0
The Paris 2024 Olympics
60:45.0
The official video
60:46.0
Of the Sinag Barong
60:47.0
Which was created
60:50.0
Was just released
60:54.0
Using the vibrant colors
60:55.0
Of the Philippine flag
60:57.0
Is meticulously designed
60:59.0
Cultural heritage
61:08.0
Pintados Warriors
61:13.0
Our resident film critic
61:14.0
Manny the Movie Guy
61:19.0
From the Philippines
61:24.0
Anticipated films
61:30.0
You don't want this
61:31.0
It's being called
61:53.0
Variance Authority
61:59.0
To save the universe
62:00.0
I waited a long time
62:02.0
If you're thinking
62:11.0
Form of storytelling
62:12.0
Bring a character
62:17.0
Another multiverse
62:25.0
Lets Ryan Reynolds
62:34.0
Average superhero
62:45.0
But I think it also
62:47.0
On these characters
62:49.0
You're right about that
62:55.0
Will be happy about
63:03.0
Now it's too late
63:14.0
They don't advance
63:17.0
Marvel Cinematic Universe
63:50.0
And for all of our
64:02.0
And I'm Stanley Polizarik
64:03.0
And also subscribe
64:09.0
Thank you for watching
64:20.0
Now here's a quick roundup of news you need to know.
64:35.9
The Philippine government orders a joint probe into the sinking of an oil tanker in Manila Bay,
64:41.2
carrying over a million liters of fuel.
64:45.0
President Marcos tells schools to push through with the opening of classes on Monday
64:49.3
as much as possible despite storm damage to some buildings.
64:54.1
Landlords of residential spaces leasing Tupogo personnel reportedly in panic
64:58.4
following the ban on offshore gaming operators.
65:02.7
And arsonists attack the French railway network hours before the Olympics kick off.
65:09.9
And those are the headlines. Keep it here on ANC.