01:27.5
Sabina Shoal is just 75 nautical miles or around 120 kilometers off the coast of mainland Palawan.
01:34.9
Navy spokesperson for the West Philippine Sea Commodore Roy Vincent Trinidad said they have not monitored any activity in the area in the past few days.
01:43.9
Navy has increased its patrols in Sabina Shoal and for the past good number of days, we have had one warship stationed in the area.
01:53.0
This is to ensure that whoever is doing that, we are not sure who is doing that.
01:57.5
Whoever is piling up dead corals on Sabina Shoal, we will be able to expose their activities.
02:03.6
The official said the Navy will ensure that no reclamation activity will be done by foreign vessels in features well within the country's sovereign rights, including Escoda Shoal.
02:13.7
We will do everything to ensure that Sabina and all other features within our EEZ will remain under Philippine sovereignty and sovereign rights.
02:23.9
Over the weekend, the Philippine Coast Guard reported,
02:27.5
it has discovered crushed corals allegedly dumped by Chinese ships in Escoda Shoal in a supposed new reclamation attempt.
02:35.4
But China denied this, despite photos and videos from the PCG.
02:39.8
In a press briefing in Beijing on Monday, Chinese Foreign Ministry spokesperson Wang Wenbin accused the Philippines of spreading rumors in a supposed attempt to smear China and mislead the international community.
02:53.3
But PCG spokesperson for the West Philippine Sea Commodore J. Tarjala mentored,
02:57.5
their findings were properly documented and cannot be simply dismissed as disinformation.
03:03.9
The PCG has then deployed one of its biggest ships, the BRP Teresa Magbanwa, to deter any attempts at island building.
03:11.5
Meanwhile, the Department of Justice gave its assurance all legal options against China are being studied.
03:18.6
This after former Supreme Court Senior Associate Justice Antonio Carpio called for legal action against Beijing
03:24.8
following the reported reclamation efforts in the ship.
03:27.5
Carpio noted that DOJ has been preparing an environmental case against China following the discovery of destroyed corals in Iroquois Reef last year.
03:37.8
Solicitor General Menardo Guevara added,
03:40.4
the government is not limiting its legal options against Beijing to the filing of an environmental case.
03:46.9
Bianca Dava, ABS-CBN News.
03:51.5
The Philippines may get access to a U.S. government program that will enable it to use satellites,
03:57.5
satellite imagery in monitoring the West Philippine Sea.
04:01.0
The use of the Sea Vision Program was recently discussed by the Philippines and the U.S.
04:06.1
at their first bilateral space dialogue in Washington.
04:09.9
They said the Maritime Situational Awareness Tool can help monitor and document vessels
04:14.9
in the Philippines' territorial waters and exclusive economic zone.
04:19.1
The two nations also raised the possible hosting by the U.S.
04:23.5
of a Geological Survey Landsat ground station in the Philippines.
04:27.5
The Philippines Justice Department taps the National Bureau of Investigation to probe foreign diplomats allegedly committing illegal activities in the country.
04:39.4
Justice Secretary Jesus Rimulya insists the probe cannot be deterred by diplomatic immunity, which he says is not absolute.
04:47.4
The DOJ did not refer to any specific diplomat,
04:50.2
but it noted how the Chinese embassy supposedly recorded an alleged conversation of a Chinese diplomat
04:56.5
and a Filipino diplomat.
04:57.5
The Philippine Navy and Coast Guard ships will closely monitor a civilian-led mission
05:13.1
that will deliver supplies to Filipino fishermen in the West Philippine Sea.
05:17.4
The mission's organizers insist they will counter China's alleged disinformation but will not escalate tensions.
05:25.6
Jervis Manahan reports.
05:27.5
Volunteers of the 2nd Atinto Civilian Supply Mission to the West Philippine Sea arrived in Botolan, Zambales Tuesday noon.
05:36.8
Despite possible intimidation from China, the youth groups and fisherfolk are determined to complete their mission.
05:44.2
Activist priest Father Robert Reyes is again joining the mission.
05:48.8
He's bringing with him an image of the Stella Maris, or Virgin Mary, Star of the Sea.
05:53.8
I think this is an even more...
05:57.5
crucial and more risky trip.
06:02.3
At the moment, masyado nang rattled ang China.
06:07.2
Hindi pa tayo nakakarating doon.
06:10.0
Masyado na sila na-agitate.
06:12.5
I think the message is more and more Filipinos are getting concerned and asking China and the rest of the world,
06:21.8
let us respect the decision of UNCLOS.
06:24.2
Fisherman Cado de Balion, a Magsaysay awardee,
06:27.5
is joining the mission.
06:29.1
He traveled all the way from Zamboanga to show his solidarity with Filipino fishermen.
06:33.7
Ito'y issue ng mga maliliit na mga isda na binubuli at pinagbabualan ng mga China dyan sa West Philippine Sea.
06:44.1
Pag hindi yan napigilan yan dito, baka sa amin din sa Morogolp, sa Zamboanga Peninsula, baka kami na ang kasunod.
06:51.5
Five main civilian boats will lead the convoy, joined by 100 smaller boats of fishermen.
06:57.5
Organizers say they are not looking to provoke China,
07:01.7
but they want to counter the disinformation being spread by Chinese media
07:05.7
that Filipino fishermen are causing tension in disputed waters.
07:09.6
This is not just absurd, but also desperate.
07:13.9
This is an attempt to malign the legitimate activities of ordinary citizens
07:21.5
doing legitimate initiatives in our own exclusive economic zones.
07:27.5
And whatever they're saying is only as true as their fictitious 9-10- or 11-9.
07:36.1
Both the Philippine Coast Guard and the Navy are sending ships to monitor the mission.
07:40.7
Ang Philippine Coast Guard po ay magde-deploy ng barcone, 44-meter vessel,
07:46.1
to provide security escort dito sa civil society initiative na ito ng atin ito.
07:54.8
Hindi ito sanction ng government.
07:56.5
On the part of the Philippine Coast Guard, we're just going to act as their escort.
08:01.3
We would like to commend atin ito, organizers.
08:05.0
This is civil society, showing that they understand the issue.
08:09.1
It is not only a government approach, but a whole of nation approach.
08:12.3
China should respect civil society in exercising Philippine rights.
08:17.4
The mission is scheduled for three days and will be back in Subic on Friday.
08:22.2
Jervis Manahan, ABS-CBN News.
08:26.5
Authorities raid an illegal hospital in Pasay City
08:29.7
with alleged links to offshore gaming operators.
08:33.3
Nico Bawa reports.
08:35.9
The Presidential Anti-Organized Crime Commission raided and closed down
08:40.4
this alleged illegal hospital that was operating in a compound along Macapagal Avenue, Pasay, Monday morning.
08:46.9
According to authorities, the hospital is well-equipped with a CT scan and other medical equipment.
08:52.4
There is even an operating room and a dental facility.
08:56.5
Two alleged doctors, a Vietnamese and Chinese national, were arrested
09:00.2
for not having a PRC license to practice in the Philippines.
09:04.3
A Vietnamese nurse and a Chinese pharmacist were also apprehended.
09:08.4
Authorities believe they were treating Pogo workers.
09:12.2
Actually, yun ang isa sa mga naging rason kung bakit namin inimbestigahan nito.
09:18.5
Kasi nga, may mga torture victims o yung nagkaroon ng mga injuries na mga Pogo workers.
09:26.5
Nawalang record sa hospital.
09:28.3
But, ang sinasabi ng mga victims na yun,
09:31.3
eh, they were taken doon sa isang hospital at ginamot sila.
09:36.2
So, most likely ito yun.
09:39.0
Last Friday, the NBI Task Force Against Illegal Drugs
09:42.4
raided this clandestine clinic in Pasay after conducting an entrapment operation.
09:47.0
A Chinese national was allegedly caught prescribing drugs without a license.
09:52.7
It's possible that they're using this modus operandi,
09:56.5
to help yung mga kasama nila, o yung mga kanasyonal nila,
09:59.7
to hide, o kung, para hindi sila ma-check, ng mga authorities.
10:06.5
Last April, the NBI arrested a Vietnamese national
10:09.6
who was allegedly caught introducing himself as a doctor
10:12.7
and treating patients in an illegal clinic also in Pasay.
10:17.0
Last February, 13 Vietnamese nationals were arrested by the Bureau of Immigration
10:21.7
for operating four illegal clinics in Pasay, Paranaque, and Makati.
10:26.5
They were unable to present permits or licenses.
10:29.9
The BI is asking LGUs to monitor those who are setting up health facilities.
10:35.5
Doon sa mga kababayan natin, kung meron po silang alam na mga ganitong uri ng negosyo
10:40.1
na pinapatakbo po ng mga foreign nationals,
10:42.9
not specifically Vietnamese nationals, but any kind of foreign national
10:47.3
na nagpapatakbo po ng mga ganitong uri ng negosyo,
10:51.7
ay i-report po ito agad sa Bureau of Immigration para ma-imbestigahan po natin,
10:56.0
ma-pahuli at ma-i-report itong mga ito.
10:59.4
According to the BI, from March to April,
11:02.4
they were able to prevent 401 foreign nationals from entering the country.
11:06.8
250 were Vietnamese nationals, while 76 were Chinese nationals.
11:12.4
Kung sino po yung similar ang kanilang profile, meaning ang kanilang background,
11:16.8
ang kanilang stories, doon po sa mga nahuli natin,
11:20.3
yun po ang tinatarget natin sa mga arriving passengers.
11:23.3
The suspects are now in jail,
11:26.0
pressing charges of illegal practice of medicine
11:28.2
and violation of the FDA Act and Philippine Pharmacy Act.
11:32.5
Nico Bawa, ABS-CBN News.
11:36.4
The Philippines deports dozens of illegal Chinese workers
11:40.6
who were arrested during a March raid on an overseas gaming hub in Tarlac province.
11:47.1
167 POGO workers were sent back to Shanghai, China.
11:50.7
They are now on an immigration blacklist that aims to prevent their return to the Philippines.
11:56.0
An association of Philippine social media broadcasters filed cybercrime charges
12:03.6
against online accounts which shared a deepfake audio of Philippine President Marcus Jr.
12:09.5
The Kapisanan ng Social Media Broadcasters ng Pilipinas
12:12.8
filed complaints against five personalities over the unlawful use of means of publication.
12:19.4
The group's chairman, Michael Aragon, also urged Congress
12:22.1
to create a National Social Media Regulatory Board.
12:26.0
The complaint stems from a fake audio recording of President Marcus Jr.
12:30.4
supposedly ordering an attack on a foreign country.
12:33.7
Malacanang has disowned the recording.
12:38.1
Former Duterte administration spokesman Harry Roque
12:41.8
and pro-Duterte vlogger Bannet Bay
12:44.1
are sued by ex-Philippine Senator Antonio Trillanes for libel and cyber libel.
12:50.4
Trillanes also included seven other pro-Duterte social media accounts in his complaint.
12:56.0
He cited how Roque and Bay falsely accused him of selling the Scarborough Shoal to China in 2012.
13:03.5
Trillanes insists the Philippines did not lose control over the territory
13:07.6
while he was holding back shallow negotiations with China at the time.
13:13.5
Former Philippine Senator Bam Aquino moves to a new party
13:17.8
as he prepares to return to politics.
13:20.3
His decision raises uncertainty over the future of the Liberal Party
13:25.2
that he's leaving behind.
13:27.1
This story from Sherry Ann Torres.
13:31.0
Former Senator Bam Aquino is synonymous to the Liberal Party.
13:35.4
Many observers expected Aquino, owing to his last name,
13:39.3
to continue the legacy of his late cousin,
13:42.0
former President Benigno Noynoy Aquino III.
13:45.3
But Aquino, who served as the campaign manager
13:47.9
of former Vice President Lenny Robredo in 2022,
13:51.3
is looking to carve his own political path.
13:55.2
At the ANC's head start, Aquino announced he left the Liberal Party
13:58.9
to lead another political party,
14:01.6
the Katipunan na Nagkakaisang Pilipino, or KNP.
14:05.4
After the elections, nag-usap-usap sila,
14:08.1
at this time I was still advising them,
14:10.6
itutuloy pa ba yung party don'to?
14:12.9
And sabi nila, ang laki nang naipakita natin nung kampanya.
14:16.5
Hindi man tayo nagwagi, pero yung paglabas ng tao,
14:20.3
yung klarong paghangad ng tao for something better in our country,
14:23.6
nakita natin, naramdaman natin,
14:25.2
sayang naman kung mawawala.
14:27.2
And now that we're one year before 2025,
14:30.0
and everyone's preparing already,
14:31.9
hiniling nila na maging chairman ako ng partido.
14:37.2
KNP is composed of young political leaders and civil society groups.
14:41.7
It was formed to help Robredo's presidential bid.
14:45.1
Aquino is now the KNP chairman.
14:47.6
He also confirms his plan to stage a Senate comeback next year.
14:51.9
Nag-ahanda na kami,
14:52.8
at handa na rin ako bumalik sa larangan,
14:56.1
Dean Ederson Tapia of the College of Continuing,
14:59.5
Advanced and Professional Studies in the University of Makati
15:03.0
sees Aquino's decision as an opportunity to expand his mass base.
15:08.3
Tapia also doesn't believe the Liberal Party will cease to exist.
15:12.7
It's also a good move on the part of Senator Bam.
15:15.8
Hindi naman kasi ibig sabihin nun that he resigned from one political party to another,
15:22.1
eh kakalimutan niya na rin yung mga values.
15:25.2
That he stood for in the past.
15:27.4
Both Tapia and former UPNC Pag-Dean Edna Estefania Ko
15:31.8
also raised the possibility of either Aquino's KNP
15:35.9
and the Liberal Party forging an alliance with Alianza para sa Bagong Pilipinas,
15:41.7
led by President Ferdinand Marcos Jr.,
15:44.3
given their common stand on many issues.
15:47.0
Pusibleng tingnan nila dito ay ano yung basis ng unity namin
15:51.0
dun sa isang malakas at dominanteng administration.
15:54.2
Anything is possible.
15:57.0
Pangalawa, wala naman silang major na platform na hindi nila pinagkakasunduan.
16:07.3
However, Aquino and KNP partymate human rights lawyer Chael Jocno say
16:12.2
they are not looking for an alliance of convenience.
16:16.0
Kung magkakaroon ng alliance, para saan?
16:18.7
Kung ang alliance mo para lang sa eleksyon, nakita natin within one and a half years,
16:24.2
Pero kung may alliance para sa talagang kailangan ng taong bayan, why not?
16:29.4
We believe in clean politics and we believe in youth empowerment.
16:33.9
The KNP welcomes all colors.
16:37.3
Baka isipin kasi ng iba na parang opposition lang ang pwede sumali sa KNP.
16:43.1
As long as you embrace our vision and our mission and ideals,
16:48.9
you're very welcome in the party.
16:51.0
Meanwhile, LP President and Albay Congressman,
16:54.2
Ed Selagman believes Aquino's departure to KNP is a plus for them.
16:59.1
Maganda itong development na ito.
17:00.9
At ito will broaden the base of the Liberal Party and its cost-oriented partners.
17:10.1
Sabagkat ito ay naka-spread out na yung aming mga partners.
17:15.7
At hinahanda namin ang partido sa paglaban ulit sa 2025.
17:24.2
Selagman says they even supported Aquino in forming the new party dedicated to youth volunteers.
17:31.0
He also maintains Aquino's absence doesn't make the Liberal Party irrelevant nor is it a rebranding.
17:38.3
According to Selagman, the Liberal Party continues to talk to other political groups for a possible alliance.
17:44.9
And those who will be given a slot in their so-called Magic 12 will be selected based on their track record.
17:51.4
Sherian Torres, ABS,
17:56.4
Up next, Qatar's Prime Minister says Gaza ceasefire talks are at a stalemate.
18:02.5
More stories when The World Tonight returns.
18:24.0
Back on the world tonight, Qatar's Prime Minister admits Israel and Hamas are at a stalemate in talks for a hostage deal and ceasefire in Gaza.
18:44.4
He says the two sides have a fundamental difference about halting the fighting in the enclave.
18:49.5
The Prime Minister is a key mediator in the negotiations.
18:53.0
Washington suspects Israel has massed enough troops on the edge of Rafah to launch a full-scale incursion in the coming days.
19:02.1
Israel's latest airstrike hit a residential building in central Gaza. At least 13 Palestinians were killed.
19:10.7
Ukraine's President thanks the visiting U.S. Secretary of State Antony Blinken for America's grant of a new weapons package for his country.
19:19.5
Blinken says this will have an impact on Ukraine's fight.
19:23.0
President Vladimir Zelenskyy hopes the U.S. can help boost Ukraine's air defenses against persistent Russian airstrikes.
19:32.6
We know this is a challenging time, but we also know that in the near term, the assistance is now on the way.
19:42.9
Some of it's already arrived, more of it will be arriving, and that's going to make a real difference against the ongoing Russian aggression on the battlefield.
19:53.0
Donald Trump's former lawyer Michael Cohen testifies against the ex-U.S. President in his New York hush money trial.
20:01.0
Cohen told jurors that Trump personally signed off on a hush money payment to porn star Stormy Daniels.
20:07.6
He said Trump ordered him to figure out the best way of paying Daniels $130,000 to stay quiet about their alleged sexual encounter in 2006.
20:17.5
Trump has pleaded not guilty and denies ever having sex with Daniels.
20:23.0
Plashed out at the judge despite a gag order on him.
20:28.5
But we have a corrupt judge, and we have a judge who's highly conflicted, and he's keeping me from campaigning.
20:36.2
He's an appointed New York judge. He's appointed.
20:41.0
You know who appointed him? Democrat politicians.
20:51.8
Two Philippine jeepney groups.
20:53.0
Two Philippine jeepney groups hold a last-ditch protest to try to block the government's public utility vehicle modernization program.
21:00.3
Manibela and Piston asked the Supreme Court for a temporary restraining order.
21:05.7
They filed a petition two days before a crackdown on jeepney operators who failed to comply with the program's franchise consolidation requirement.
21:14.4
The Supreme Court has directed the Transportation Department to comment on the group's petition.
21:21.4
Philippine House lawmakers.
21:23.0
When the Supreme Court opposes a bill for proposed amendments to the rice tarification law,
21:28.2
this would restore the power of the National Food Authority to import and sell rice,
21:33.7
a move opposed by several senators.
21:36.3
R.G. Cruz reports.
21:39.5
The Department of Agriculture told senators on Tuesday that it needs to intervene on the price of rice now,
21:44.9
as it lobbied for a law seeking to re-empower the National Food Authority to import and sell rice.
21:50.7
It's like what we think.
21:53.0
may presyong 55 to 60 yung presyo.
21:57.8
Dapat ang import cost is 49, 48 lang.
22:01.6
So dapat yan, nasa 51, 52 lang eh.
22:05.6
Kailangan namin sundutin yan.
22:07.5
Kung kukumpitin natin yung international price ngayon,
22:10.2
tapos yung retail price, parang may konting...
22:16.1
Kailangan natin magandang...
22:18.9
Mukhang kailangan pakialaman para...
22:21.4
To keep the traders honest eh.
22:24.9
During several instances lang naman during the year.
22:29.6
Secretary Laurel was facing the Senate panel of the Congressional Oversight Committee
22:33.4
on Agricultural and Fisheries Modernization,
22:36.1
which was reviewing the rice tarification law.
22:38.3
But senators don't want the National Food Authority to be in charge of such a power.
22:42.7
Kung gusto ng President of the Philippines, kunin niya yung power, but not to NFA.
22:48.3
Kaya we have very bad experience.
22:51.4
Walang wala ng tiwala ang sino mang mababatas dito sa Senado
22:56.9
at gayon din ang mga magsasaka.
22:59.5
Basta pinakialaman ng NFA.
23:01.8
Sad to say, may kababalaghan.
23:05.3
Their recent NFA's checkered history,
23:07.5
Senator Marcos cites the case of 139 NFA employees
23:10.6
who were placed under preventive suspension in March
23:12.9
because of the allegedly unauthorized sale of the agency's buffer stocks
23:16.8
to three commercial rice traders.
23:18.9
Seventy-two of the 139 employees were allowed to sell to three commercial rice traders.
23:21.0
Seventy-two of the 139 employees were allowed to sell to three commercial rice traders.
23:21.4
Seventy-two of the 139 employees were allowed to return to work recently.
23:23.4
An earlier batch of 23 were also removed from preventive suspension.
23:27.6
But agriculture group SINAG insists the high price of rice has nothing to do
23:31.3
with the rice tarification law.
23:33.9
Yung global price na nakikita natin between 580 to 630.
23:40.2
So hindi lang dito sa local ang tumaas.
23:44.7
Globally talaga tumaas ang presyo.
23:47.0
So kung makita natin na hindi dahil
23:53.9
kaya nagkaroon ng mataas na presyo
23:59.7
world market price
24:03.1
internationally tumaas yung presyo.
24:06.2
Senator Aimee Marcos,
24:07.5
Vice Chair of the Senate Committee on Agriculture agrees.
24:11.2
why amendments to the rice tarification law are being rushed.
24:15.4
Pag-aaral po ako sa findings ng SINAG
24:17.8
na walang kinalaman sa RTL
24:19.9
ang pagtaas ng presyo.
24:21.4
Kaya hindi ko maintindihan
24:24.0
bakit pinapaspasan ang pag-amyenda nito.
24:27.4
The House of Representatives has approved
24:29.0
on second reading its version of the bill
24:30.8
which seeks to amend the rice tarification law.
24:33.6
During the interpolation,
24:34.6
Gabriela, part of the Supreme Representative Arlene Brosas
24:36.6
raised the failure of the RTL to fulfill its promise
24:39.3
to lower rice prices.
24:41.3
But Agriculture Committee Chair Mark Enverges said
24:43.9
the measure helped increase rice production.
24:46.3
It's just that the gains were offset by higher demand
24:48.5
due to the increasing population.
24:50.4
Ang pinapakita kasi nung datos
24:52.9
mas tumaas pa yung rice imports natin.
24:56.0
At tinagurian tayong world's top rice importer.
25:03.4
Kasi nangako yan eh,
25:04.7
yung rice liberalization law.
25:08.1
Napabababain ito yung presyo ng bigas sa pamilihan.
25:12.0
Hindi naman ito natupad.
25:13.5
Sa kabila ng patuloy na pag-aangkat,
25:15.8
walang pagbaba sa presyo ng bigas.
25:17.8
Lumalaki po din talaga yung ating population.
25:20.4
But yield increased by 20%,
25:23.4
our cost dropped by 10%.
25:27.7
the income of our farmers from 74,
25:30.7
it went up to 107%.
25:34.0
The House intends to pass the bill
25:35.9
on third and final reading next week
25:37.5
before it adjourns.
25:38.9
On Monday, the U.S. Department of Agriculture said
25:41.2
the Philippines is projected to be
25:42.9
the world's top importer of rice again in 2025.
25:46.1
RG Cruz, ABS-CBN News.
25:47.9
A Philippine Justice Department task force
25:51.9
is ordered to make a deeper probe
25:53.9
of two companies allegedly behind
25:56.2
an illegal investment scheme.
25:58.8
That's after the Securities and Exchange Commission
26:01.2
filed a complaint against the MFT group of companies
26:04.5
and Foundry Ventures.
26:07.0
Justice Secretary Jesus Remulia
26:08.8
directed the task force on business scams
26:11.3
to charge everyone proven to have
26:13.9
defrauded Filipino investors.
26:16.4
Remulia considers the case a tough one.
26:17.9
It's a top priority involving the life and blood
26:20.8
of the country's economic sustainability.
26:24.8
South Korean firm HD Hyundai
26:26.7
signs a deal to set up its shipbuilding operation
26:29.6
at the former U.S. naval base in Subic.
26:32.6
It signed a lease for the Aguila-Subic shipyard
26:35.5
of U.S. investment company Cerberus.
26:38.3
Philippine President Marcus Jr. says
26:40.1
this will help the Philippines realize its vision
26:42.3
to be among the world's largest shipbuilders.
26:45.5
He also hopes it will cement Subic's role
26:47.6
as an economic growth driver.
26:50.9
Philippine shares moved sideways Tuesday
26:54.0
as investors remained on the sidelines
26:56.4
ahead of America's inflation print.
26:58.9
Details in this report.
27:02.5
A gauge of regional equities climbed on Tuesday
27:05.8
ahead of the release of the latest inflation data
27:08.8
in the United States.
27:10.7
Also in focus in Asia,
27:12.8
quarterly earnings from Chinese tech giants
27:14.9
Tencent and Alibaba Group.
27:17.6
Here at home, Philippine shares finished flat
27:20.0
as investors opt to stay on the sidelines.
27:23.5
First Metro's Christina Ulang
27:25.1
expects range trading to go on
27:27.4
but is staying hopeful
27:29.2
given the strong corporate earnings data.
27:31.7
I think the PCA is a prop within a narrow range
27:35.2
like 6,500, 6,600
27:37.5
and maybe going higher to 6,700.
27:41.3
The corporate earnings are very encouraging
27:43.7
but foreign buying is simply not very much encouraged.
27:47.6
Even though our inflation remains
27:49.6
within the 2-4% target
27:51.9
and our macro data are also strong
27:54.6
like our unemployment.
27:56.1
Unemployment is likely 0.9%.
27:58.1
Speaking of company earnings,
27:59.8
Ayala Corporation books 11.8 billion pesos
28:03.0
in core net income.
28:05.2
The stronger performance was driven by growth
28:07.3
in its core businesses
28:08.3
such as banking, real estate and energy.
28:12.0
Also from the Ayala Group,
28:13.7
Globe Telecom with 5.8 billion pesos
28:16.0
in core net income.
28:17.5
Overall revenues, slightly higher
28:21.5
from mixed profit in mobile business
28:25.2
while home broadband revenues were down.
28:31.4
Our final word tonight is a quote from Stuart Chase.
28:36.1
For those who believe, no proof is necessary.
28:39.3
For those who don't believe, no proof is possible.
28:44.8
And that is The World Tonight,
28:49.3
I'm Pia Gutierrez.
28:50.4
I'm Tony Velasquez from the Philippines.
