[VIDEO]: Philippine president asserts right to exploit energy resources in South China Sea
Territorial Row Roadblock for Oil Exploration with China
President Bongbong Marcos calls the claim of China on the disputed area in the South China Sea the roadblock to exploring oil and gas in the West Philippine Sea. President Marcos’ Foreign Affairs Secretary Enrique Manalo said earlier that the Philippines is interested in having talks with China on that matter.
Right to Explore in the West Philippine Sea
The President stressed that the Philippine government must find ways to push through with joint oil exploration. The country needs it already. The Philippines also has the right to explore oil and gas in the territory even without China. This news is now quite widespread on the international scene.
China’s territorial claim is the roadblock to joint oil exploration. They may be a threat of a shortage of oil and gas but there’s also a big opportunity to mine them in the South China Sea. China could cooperate bilaterally or apprehend Marcos’ show of determination to finally do it with or without them.
[VIDEO]: Congressman Sandro Marcos explains the importance of Sovereign Wealth Fund
PH Sovereign Wealth or the Maharlika Investment Fund
Presidential son and congressman Sandro Marcos said that the sovereign wealth or Maharlika fund is essentially another source of income. The funds would come from the profit of the government’s investments. The starting investment is about P250 billion which is a collection of initial proceeds from the GSIS will be P125 billion, P50 billion for both SSS and LBP, and P25 billion from the DBP.
The Indonesian Inspiration
The meeting of President Bongbong Marcos and Indonesian President Joko Widodo inspires the creation of the Maharlika Investment Fund. Indonesia’s sovereign wealth fund began in 2021 at one billion. President Widodo testifies that the facility is one of the reasons for their economic success.
The Presence of the ADB
House Bill (HB) No.6398 is called the Maharlika Wealth Fund (MWF) and the Maharlika Investment Fund (MIF). Cong. Marcos is one of its authors. During the hearing, the ADB is also there. It vows to support all the projects of President Marcos, especially the infrastructure projects. Now, this one. They made efforts not to identify it with the president so that it can continue regardless of who the leader of the country is.
[VIDEO]: Meeting with the Filipino Community in Thailand (Speech)
President Ferdinand R. Marcos, Jr. reveals his leadership secret Bangkok during his speech in Thailand. This was during his meet-up with the Filipino Community in the said country. Former President Gloria Macapagal Arroyo is the one. She has been in the position way before him. So, he has full gratitude.
First POLO Office in Thailand
The Department of Migrant Workers (DMW) announced earlier that the first Philippine Overseas Labor Office (POLO) will open in Thailand. DMW Secretary Susan Ople shared the development during the FCT event. Marcos praised Ople for taking the initiative to establish the new POLO.
Delegates to Thailand
The delegates to Thailand included but were not limited to Senators Mark Villar, Raffy Tulfo, Paul Soriano who is the creative brain for the Philippines’ promotional projects, and of course, the first lady, Liza Araneta Marcos.
[VIDEO]: Atty. Roque on the country’s credit rating
Credit versus Loans
Atty. Harry Roque hails the economic team of President Ferdinand R. Marcos, Jr. He said that the Philippines retains its high credit rating. This shows that the loans incurred did not surpass the line that can make payments unbearable. In other words, they are still very much manageable.
Foreign debts must have the approval of the Central Bank. This is to make sure that the country won’t borrow more than the currency reserves. The inflation rate will surge higher if the debts are harder to pay. Besides exports and OFW remittances contribute to the dollar reserves.
Increase of Money Supply
Printing more money is not the answer to a nation’s financial hurdles. The value of the currency will lessen should more notes are printed contrary to the monetary reserves. Therefore, Atty Roque urges his fellow Filipinos to get into entrepreneurial ventures.
Sa Iyong Araw
[VIDEO]: PBBM’s Invite to Switzerland
Philippine Wealth in Switzerland
President Ferdinand R. Marcos Jr. has been invited to the World Economic Forum (WEF) in Switzerland in January 2023. The invitation was extended to Marcos by WEF founder and executive chairperson Klaus Schwab. It was during a breakfast meeting in Phnom Penh, Cambodia recently. Will Marcos’s wealth there be tackled?
Attracting Swiss Investors
The crucial invite to Switzerland is a bit controversial because of Marcos’s wealth there. The president even consults his mother about the trip. Her reply is positive because she believes that the president can work anywhere. He can attract more investors also for the country.
House Speaker Martin Romualdez sees to it that President Marcos will not miss the visit to Switzerland. He’s definitely a very popular leader, said his cousin. Many first-world countries like to invite him to encourage their investors to invest in the Philippines.
[VIDEO]: US VP Kamala Harris meets with Philippine Coast Guard in Palawan
South China Sea Support
US Vice President Kamala Harris recently said in Palawan that they support the arbitral ruling at the Hague in favor of the Philippines for maritime security and economic growth in the South China Sea disputed island. In fact, satellites will be installed by the Americans in a couple of months to monitor further.
The American Vice President also observes that the fishing community in Palawan is mainly dependent on the South China Sea or West Philippine Sea fishing areas. She mentions a woman who made a good livelihood in drying fish. Then, she taught other women to do it too.
Just hours before the arrival of Kamala in Palawan, there’s a commotion on the collection of China’s space debris that the Philippine coast guard recovers. However, they denied having some troubles. The US VP stresses that they won’t tolerate intimidation and harassment by the Chinese. They must follow international law, she added.
[VIDEO]: Business leaders applaud PBBM at APEC CEO Summit 11/17/2022
CEO Gathering in Thailand
PBBM recently asked his fellow Asia-Pacific leaders to create a “free, fair, and inclusive” trade and investment environment in the region. In this regard, the CEOs in the area applauded him when he speaks about the matter during their forum confidently.
President Ferdinand Marcos Jr. said that the best politics is performance. That’s a way to get the people’s trust. Most politicians want to have that.
The President encouraged investments in the high-quality ICT (information and communications technology) infrastructure in less developed member economies as he advocated for regional economic integration to ensure more resilient and sustainable supply chains and green investments
Ukraine, Russia, and North Korea were addressed by PBBM during the recent ASEAN summit on the oil and gas shortage plus the nuclear threat. He said that the world is in chaos because of them. They must stop their conflict by resolving their issues diplomatically.
President Ferdinand Marcos Jr. expressed concern over the war between Russia and Ukraine and North Korea’s ballistic missile tests. This was at the 41st Association of Southeast Asian Nations or ASEAN Summit Retreat in Cambodia recently. Further touching on the Russia-Ukraine war, Marcos called for diplomacy to be employed in resolving conflict. He also noted that the turmoil has sparked global energy particularly the oil and gas supply and food crises.
Marcos then urged North Korea to abide by the relevant resolutions of the United Nations Security Council. He likewise called for continuous dialogues and engagement among all concerned parties in a bid to stabilize the situation in the region. It is remembered that North Korea launched its 18th ballistic missile test over Hokkaido in Japan just prior to the ASEAN summit.
Jomar and Michelle vlog
[VIDEO]: Marcos Brothers Stayed at the Orphanage
It’s Better to Donate This
Marcos brothers like to donate their time to the orphanage because it’s fun, according to Vinny. Actually, they did this at first upon the request of their mother, First Lady Liza Araneta Marcos. She wants them to know the lives of the underprivileged. That way, they can value what they have, he added.
Vinny explained that they did not donate their time only. They really lived at the orphanage for a month. Their project at that time was to build the gutter which is still in use these days. They eat, sleep, exercise, sing, and dance with the orphans. It was fun, he stressed.
Improving the Lives of Others
The example of the Marcoses continues these days with other prominent figures like Chavit Singson plus many more. So, the orphanage is not struggling to make ends meet. Some orphans who now have jobs are now responsible citizens.
D’ EXSEKYUTIV TV
[VIDEO]: SM, Robinson, and Ayala Malls Issued EO No. 7 on Oct. 28 for the Optional Wearing of masks
The Credit Goes to Japan
There are many speculations that the Philippines is in a debt trap with China for its infrastructure development. But none of them is true. Japan generously gives credit to the Philippines even prior to the Marcos administration. They are fully supporting the projects hands-on. This is on top of the ADB provisions.
The Metro Manila subway project and the new railway systems are something to look forward to in the Philippines. This is in conjunction with Japanese contractors through JICA. The Marcos administration continues the partnership with Japan and gives credit to their expertise and technology in the field.
The Japan International Cooperation Agency (JICA) lauds the Philippine Government’s efforts to fast-track its railway projects. It cites the role of infrastructure in national development by building the north-south backbone of Metro Manila and nearby areas and developing new growth centers. JICA is currently supporting five priority railway projects that started during the Duterte administration. It has a total loan commitment amounting to around JPY 595 billion. This covers the first tranche of the Metro Manila Subway Project, the North-South Commuter Railway (NSCR) Project (and the first tranche of the Extension Project), Metro Rail Transit Line 3 Rehabilitation Project, Light Rail Transit (LRT) Line 1 Cavite Extension Project, and LRT Line 2 East Extension Project.
Proceeds go to ISTAC: Innovative Skills Training Advisory Center