ING Bank warns that political unrest in the Philippines can negatively affect needed economic reforms.
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00:00The Intruder. Real News. Real Insights.
00:15The.
00:20To all Filipinos in Cebu, Visayas, Mindanao, and entire Philippines, and to everyone who are watching across the globe, good afternoon.
00:31I'm Ike Durano and today is Tuesday, March 18, 2025 and welcome to another edition of The Intruder.
00:39Because of the issues we are facing right now, we are following the forecast given by ING, the International Netherlands Group, BANCO.
00:58It is translated into the International Bank of Netherlands.
01:05The current warning given by the Philippines is that while the Philippine economy, for the first quarter of 2025,
01:18will have a 5.7 percent increase in gross domestic product.
01:31The current economic improvements of the Philippines is lower than the projections of the Marcos administration because they predicted 6 to 8 percent.
01:50But it's okay. At least there is an increase.
01:55But the problem that we are facing right now with the ING,
02:04is that while the Philippine economy is growing,
02:13and we are still in the international sphere right now,
02:21with the titanic shift of the policy, economy, and government in America under the administration of President Donald Trump,
02:36we should not forget the current drastic shift in the United States of America.
02:51The United States of America, for a long time, has always been considered as the most stable economy in the entire world.
03:07Because regardless of who goes to the White House, they will choose the policy of the economy in the United States of America,
03:23but not until this time, under the administration of President Donald Trump.
03:32The current direction in foreign policy, not only in economics, but also in military, defense, and foreign policy in the United States of America.
03:49So there are countries like Canada and Western Europe,
04:01and there are countries that Donald Trump favors.
04:07Definitely, this conversation is becoming more serious.
04:15This rippling effect is happening in the economy and the entire world because that creates uncertainty.
04:26Donald Trump, unlike those who advocate the old American concept of economics,
04:42or free international global capitalism,
04:47during my time in elementary school going to high school,
04:57he was talking about globalization.
05:01My understanding of globalization back then,
05:05the globalization of the world because of aviation.
05:13The airplanes are flying, transportation time is short.
05:22This is the past of the world.
05:26The world has changed.
05:29Globalized community because of aviation has changed.
05:37What we anticipate, meaning the global movement of the market,
05:44is the advent of the internet has changed.
05:49Everything changed.
05:51The world as we know it, or in this America,
05:56the malls and companies that are bankrupt,
06:05along with the changes in technology,
06:10also came the changes in lifestyle, shoppers, consumers,
06:20those who don't have shops,
06:23they have to order things on the online platform.
06:28For example, they have to order things on Amazon,
06:34or in the Philippines, our version of Lasana, or Shopee.
06:43These are the changes, inevitably,
06:48that we have to deal with every day.
06:52Fortunately, after ING,
06:56some other countries are also affected,
07:03but in the Philippines, we are a resilient country
07:08because we are a nation of resilient people.
07:13Our economy is not so much on manufacturing,
07:20but we are in the services sector.
07:25The economy in America is weak.
07:32Thank you Donald Trump.
07:34It's good that the peso value to the dollar has been affected.
07:41It's good.
07:44Momentarily, for the first quarter of 2025,
07:48the prospects of our economy,
07:51macro-scale, will be better.
07:56We have to remember that if we're going to look at the macro level,
08:02we have to look at the basis of this.
08:07The basis of this is that there is no measuring tool.
08:12Global service partners,
08:15some of them are called Gross Domestic Product, GDP.
08:21That is only a part of the entire picture.
08:29That is only one or a particular portion of the entire story.
08:37If we look at Gross Domestic Product,
08:43does it trickle down?
08:49Does it trickle down to the Filipino population
08:55or to the privilege of the elite?
09:02Does it trickle down to the majority of the Filipinos?
09:13Unfortunately, I don't have data for that.
09:16This is just a supposition.
09:20What I know is that it will trickle down to 5.7 percent.
09:26Below the projected 6.8, 6 to 8 percent in the government.
09:33But at least, that is still the basis of our economy.
09:40But came along a warning from the ING.
09:46This is not a sign that the Filipinos are complacent.
09:53In fact, there are some warnings.
09:56I don't know if there is a sign that the Filipinos are honest
10:04that this is bound to happen in the Philippines.
10:07We have seen in the International Netherlands Group, the ING,
10:14that our President Rodrigo Duterte and his allies
10:25are trying to create a tsunami of political unrest
10:34in the entire Philippines.
10:37The supporters of TAPA ING are aggravating the situation.
10:42They are saying that it is illegal,
10:45kidnapping and arresting the President, the President-elect.
10:55And they are appealing.
10:58They are saying that it is a double whammy,
11:03that the ING is planning to attack the Filipinos.
11:11They are saying that it is a trick.
11:15They are saying that it is political, that the Filipinos are aggravating the situation.
11:19Those are the supporters.
11:23This is a true apprehension, which I understand.
11:28This is a reasonable basis.
11:31This is the reason why the Filipinos are aggravating the situation.
11:36This impeachment trial of Inday Sara Duterte,
11:43the Vice President, the bluffer of Rodrigo,
11:46the father and the daughter,
12:00the father and the daughter,
12:01the father and the daughter,
12:04the father and the daughter,
12:07This is the impeachment court of the Filipinos in the Senate of the Philippines.
12:14And God forbid, hopefully,
12:19due to constitutional rights and freedom of speech
12:25and the right to peaceably assemble and petition the government for redress of grievances of the Filipinos,
12:32this is the reason why the Filipinos are aggravating the situation.
12:38If you are disgruntled with the government,
12:42don't let President Bongbong Marcos,
12:49who cooperated with the ICC to facilitate the arrest of Rodrigo Duterte.
12:57This is not a criminal offense.
13:01The Filipinos should be ashamed of the arrest of Marcos Mangahigala.
13:10This is a constitutional right of Mangahigala.
13:16Maybe, if the Filipinos are not ashamed,
13:22this is the exercise of their right to peace,
13:30to redress of grievances of the government of Mangahigala.
13:34The problem is,
13:37if the Filipinos are not ashamed of the arrest of Mangahigala,
13:41this is the reason why the Filipinos are aggravating the situation.
13:45There is an apprehension in the ING Bank
13:50that Mangahigala is a threat to the Philippines.
13:57The policy makers,
14:01if there are economic reforms on the policy
14:08on the expansion of our nation,
14:12that is the province of Congress, Mangahigala.
14:18The Congress of our country,
14:21if it is smart, if it is wise,
14:23if it is not afraid of Mangahigala,
14:26affecting the global economy,
14:29we should be competent
14:33in attracting other foreign investors in the Philippines, Mangahigala.
14:42This is now a realignment of forces, Mangahigala,
14:48in the world.
14:52America is now the old hegemon, Mangahigala,
14:59the old leviathan,
15:02the new giant, Mangahigala,
15:04that has fallen.
15:07Even if you are Donald Trump,
15:10you will not be able to do anything
15:12as long as my priority,
15:14for Mangahigala,
15:16what will make America great
15:18is to prioritize the Americans.
15:21You will solve your problems.
15:23This is the reason why
15:27this is a great opportunity
15:31for the Americans to manufacture again
15:34What Trump has seen, Mangahigala,
15:37the tool to make that happen
15:41is to impose tariffs on goods manufactured
15:47outside of the United States, Mangahigala.
15:51This is rational.
15:56Some say that they are crazy,
16:00because they don't know
16:02that the tariffs, Mangahigala,
16:07are the bottom line
16:12compared to the end of the country.
16:15For example,
16:17you know,
16:19you will have a pragmatic, Mangahigala,
16:22most of the consumer goods
16:26from America and the rest of the world
16:30are made in China, Mangahigala.
16:33Because Trump,
16:35if it is made in China,
16:38the tariffs are 10%, 25%,
16:41thousands of people,
16:43Trump, if you want,
16:45you can try it,
16:47but you will go back, Mangahigala.
16:51That's the question.
16:53It's not clear yet, Mangahigala,
16:55but we will go back
16:57to the tariffs, Mangahigala.
16:59That's Trump's logic.
17:01Trump's logic, Mangahigala,
17:05is that, number one,
17:09the tariffs, Mangahigala,
17:13is the message of his administration
17:18to American companies
17:20that their reliance
17:23on foreign working force
17:26is no longer viable.
17:30Because that's the administration,
17:34the product, Mangahigala.
17:36So it's better
17:38that your factories in China,
17:43in Vietnam, in the Philippines,
17:45go back to America
17:48and that will create
17:50job and employment opportunities
17:53for Americans, Mangahigala.
17:56Because to begin with,
17:57these are American corporations,
17:59American companies, Mangahigala,
18:01that exuded way back in 1989
18:06from China, Mangahigsaon.
18:09If you go to Mangahigsaon,
18:12it's easier said than done.
18:16If you go to Mangahigsaon,
18:20I'm always apprehensive
18:24about good intentions,
18:26because the road to hell
18:29is always paved with good intentions,
18:31Mangahigala.
18:33If you go to Mangahigsaon,
18:35the road to hell, Mangahigala,
18:41is always paved with good intentions.
18:47They have plans.
18:49Their intention, Mangahigala,
18:51is for you to go to America.
18:54If you go to Mangahigsaon,
18:56remember that you have to
18:58go to America, Mangahigala.
19:01And all the while,
19:03it will affect everybody, Mangahigsaon.
19:05The nation will not be affected.
19:09This is the policy,
19:12the shift in the economic policy
19:14of the United States of America,
19:16Mangahigala.
19:17I don't want to scare people,
19:22but this is a long-range appeal.
19:28If you look at the Trump administration,
19:35they are trying to persuade Mangahigala
19:38that everything that is American
19:40should belong to Americans.
19:42They are trying to avoid
19:46manufacturing in China.
19:48If you look at the services of Mangahigala
19:52in Cebu, Mangahigsaon,
19:54in the BPO industry,
19:56the policy makers,
20:01not just the local government,
20:04but the appeal of the national government.
20:08Don't look at Mangahigsaon,
20:11but this is a multi-billion industry,
20:14Mangahigala.
20:15In fact, Cebu depends on
20:20the sector of BPO.
20:23BPO is like a safety net for Mangahigsaon.
20:29It's like a symbol.
20:32If Donald Trump changes the company,
20:39Mangahigala will go back to America.
20:42But there are some technocrats,
20:46as I said, Mangahigala,
20:49some of their opinions,
20:58they said, you know what Ike,
21:00it's not about the Trump administration,
21:03although it could be.
21:05But what's more,
21:08the BPO in the Philippines
21:13doesn't have artificial intelligence.
21:19Now, artificial intelligence,
21:26we have crossed a threshold,
21:29Mangahigala,
21:30because artificial intelligence
21:33in America can now self-replicate
21:37its own self, Mangahigala.
21:40It can reproduce
21:43a more advanced version
21:45of its own self,
21:46which was created by Mangahigala
21:49because it re-invented
21:52its own self, Mangahigsaon.
21:55We can say that
21:58in America, Mangahigala,
22:01there are options.
22:06If a bank, Mangahigala,
22:08you call a bank
22:09during a transaction,
22:11you ask for a payment
22:14or you are contesting
22:16a payment that has been made,
22:19would you imagine
22:21that this live agent
22:24doesn't have artificial intelligence,
22:28Mangahigala,
22:29with the conversation
22:32of these people,
22:33they can actually execute tasks,
22:35Mangahigala,
22:36in banking transactions,
22:39Mangahigsaon.
22:40So, for now,
22:43it's not more complicated
22:46than this problem.
22:50For example,
22:51your customer would like
22:54to talk to a live agent.
22:56Okay.
22:58This artificial intelligence thing,
23:01can you give me
23:02a specific reason?
23:04I have a reason
23:06to make this live agent,
23:08Mangahigala.
23:11So, for now,
23:13it's safe to say
23:15that we need a live agent,
23:18Mangahigala,
23:19like BPO,
23:21call center agents,
23:23Mangahigsaon,
23:24who are secure for work.
23:27But what about
23:30if this artificial intelligence,
23:32Mangahigala,
23:33will keep on reinventing
23:35its own self,
23:36will keep on recreating
23:37its own self,
23:38from version 2.0,
23:39to version 3.0,
23:414.0,
23:42Mangkapila,
23:43Kapilo,
23:44Mangahigala,
23:45this intellectual capacity
23:46is based on
23:48these new microchips,
23:51Mangahigsaon.
23:53So,
23:55what will happen
23:57to our economy in Cebu
23:59and in the Philippines,
24:00Mangahigala?
24:01BPO sectors,
24:03it used to be India,
24:05this was overtaken
24:07by India,
24:08Mangahigala.
24:10So,
24:11there are many
24:12consequences
24:13to the economy,
24:15to the environment,
24:16to the Philippines,
24:17Mangahigala.
24:19But,
24:20regrettably,
24:22we don't have
24:23any warning
24:24from the ING.
24:25We don't see
24:26any warning
24:27from the Dutch,
24:28Mangahigala,
24:29that the Filipinos
24:30are not interested
24:31in how to find
24:32any other
24:33fallback alternative
24:34solution
24:35to the problems
24:36of the economy
24:37in Cebu,
24:38forget about it,
24:39now.
24:40The Filipinos
24:41are better
24:42at
24:43solving
24:44the problems
24:45of the economy
24:46in Cebu
24:47than in
24:48the Philippines.
24:49So,
24:50the Filipinos
24:51are better
24:52at solving
24:53the problems
24:54of the economy
24:55in Cebu
24:56than in
24:57the Philippines.
24:58So,
24:59the Filipinos
25:00are better
25:01at solving
25:02the problems
25:03of the economy
25:04in Cebu
25:05than in
25:06the Philippines.
25:07So,
25:08the Filipinos
25:09are better
25:10at solving
25:11the problems
25:12of the economy
25:13in Cebu
25:14than in
25:15the Philippines.
25:16So,
25:17the Filipinos
25:18are better
25:19at solving
25:20the problems
25:21of the economy
25:22in Cebu
25:23than in
25:24the Philippines.
25:25So,
25:26the Filipinos
25:27are better
25:28at solving
25:29the problems
25:30of the economy
25:31in Cebu
25:32than in
25:33the Philippines.
25:34So,
25:35the Filipinos
25:36are better
25:37at solving
25:38the problems
25:39of the economy
25:40in Cebu
25:41than in
25:42the Philippines.
25:43So,
25:44the Filipinos
25:45are better
25:46at solving
25:47the problems
25:48of the economy
25:49in Cebu
25:50than in
25:51the Philippines.
25:52So,
25:53the Filipinos
25:54are better
25:55at solving
25:56the problems
25:57of the economy
25:58in Cebu
25:59than in
26:00the Philippines.
26:01So,
26:02the Filipinos
26:03are better
26:04at solving
26:05the problems
26:06of the economy
26:07in Cebu
26:08than in
26:09the Philippines.
26:10So,
26:11the Filipinos
26:12are better
26:13at solving
26:14the problems
26:15of the economy
26:16in Cebu
26:17than in
26:18the Philippines.
26:19So,
26:20the Filipinos
26:21are better
26:22at solving
26:23the problems
26:24of the economy
26:25in Cebu
26:26than in
26:27the Philippines.
26:28So,
26:29the Filipinos
26:30are better
26:31at solving
26:32the problems
26:33of the economy
26:34in Cebu
26:35than in
26:36the Philippines.
26:37So,
26:38the Filipinos
26:39are better
26:40at solving
26:41the problems
26:42of the economy
26:43in Cebu
26:44than in
26:45the Philippines.
26:46So,
26:47the Filipinos
26:48are better
26:49at solving
26:50the problems
26:51of the economy
26:52in Cebu
26:53than in
26:54the Philippines.
26:55So,
26:56the Filipinos
26:57are better
26:58at solving
26:59the problems
27:00of the economy
27:01in Cebu
27:02than in
27:03the Philippines.
27:04So,
27:05the Filipinos
27:06are better
27:07at solving
27:08the problems
27:09of the economy
27:10in Cebu
27:11than in
27:12the Philippines.
27:13So,
27:14the Filipinos
27:15are better
27:16at solving
27:17the problems
27:18of the economy
27:19in Cebu
27:20than in
27:21the Philippines.
27:22So,
27:23the Filipinos
27:24are better
27:25at solving
27:26the problems
27:27of the economy
27:28in Cebu
27:29than in
27:30the Philippines.
27:31So,
27:32the Filipinos
27:33are better
27:34at solving
27:35the problems
27:36of the economy
27:37in Cebu
27:38than in
27:39the Philippines.
27:40So,
27:41the Filipinos
27:42are better
27:43at solving
27:44the problems
27:45of the economy
27:46in Cebu
27:47than in
27:48the Philippines.
27:49So,
27:50the Filipinos
27:51are better
27:52at solving
27:53the problems
27:54of the economy
27:55in Cebu
27:56than in
27:57the Philippines.
27:58So,
27:59the Filipinos
28:00are better
28:01at solving
28:02the problems
28:03of the economy
28:04in Cebu
28:05than in
28:06the Philippines.
28:07So,
28:08the Filipinos
28:09are better
28:10at solving
28:11the problems
28:12of the economy
28:13in Cebu
28:14than in
28:15the Philippines.
28:16So,
28:17the Filipinos
28:18are better
28:19at solving
28:20the problems
28:21of the economy
28:22in Cebu
28:23than in
28:24the Philippines.
28:25So,
28:26the Filipinos
28:27are better
28:28at solving
28:29the problems
28:30of the economy
28:31in Cebu
28:32than in
28:33the Philippines.
28:34So,
28:35the Filipinos
28:36are better
28:37at solving
28:38the problems
28:39of the economy
28:40in Cebu
28:41than in
28:42the Philippines.
28:43So,
28:44the Filipinos
28:45are better
28:46at solving
28:47the problems
28:48of the economy
28:49in Cebu
28:50than in
28:51the Philippines.
28:52So,
28:53the Filipinos
28:54are better
28:55at solving
28:56the problems
28:57of the economy
28:58in Cebu
28:59than in
29:00the Philippines.
29:01So,
29:02the Filipinos
29:03are better
29:04at solving
29:05the problems
29:06of the economy
29:07in Cebu
29:08than in
29:09the Philippines.
29:10So,
29:11the Filipinos
29:12are better
29:13at solving
29:14the problems
29:15of the economy
29:16in Cebu
29:17than in
29:18the Philippines.
29:19So,
29:20the Filipinos
29:21are better
29:22at solving
29:23the problems
29:24of the economy
29:25in Cebu
29:26than in
29:27the Philippines.
29:28So,
29:29the Filipinos
29:30are better
29:31at solving
29:32the problems
29:33of the economy
29:34in Cebu
29:35than in
29:36the Philippines.
29:37So,
29:38the Filipinos
29:39are better
29:40at solving
29:41the problems
29:42of the economy
29:43in Cebu
29:44than in
29:45the Philippines.
29:46So,
29:47the Filipinos
29:48are better
29:49at solving
29:50the problems
29:51of the economy
29:52in Cebu
29:53than in
29:54the Philippines.
29:55So,
29:56the Filipinos
29:57are better
29:58at solving
29:59the problems
30:00of the economy
30:01in Cebu
30:02than in
30:03the Philippines.
30:04So,
30:05the Filipinos
30:06are better
30:07at solving
30:08the problems
30:09of the economy
30:10in Cebu
30:11than in
30:12the Philippines.
30:13So,
30:14the Filipinos
30:15are better
30:16at solving
30:17the problems
30:18of the economy
30:19in Cebu
30:20than in
30:21the Philippines.
30:22So,
30:23the Filipinos
30:24are better
30:25at solving
30:26the problems
30:27of the economy
30:28in Cebu
30:29than in
30:30the Philippines.
30:31So,
30:32the Filipinos
30:33are better
30:34at solving
30:35the problems
30:36of the economy
30:37in Cebu
30:38than in
30:39the Philippines.
30:40So,
30:41the Filipinos
30:42are better
30:43at solving
30:44the problems
30:45of the economy
30:46in Cebu
30:47than in
30:48the Philippines.
30:49So,
30:50the Filipinos
30:51are better
30:52at solving
30:53the problems
30:54of the economy
30:55in Cebu
30:56than in
30:57the Philippines.
30:58So,
30:59the Filipinos
31:00are better
31:01at solving
31:02the problems
31:03of the economy
31:04in Cebu
31:05than in
31:06the Philippines.
31:07So,
31:08the Filipinos
31:09are better
31:10at solving
31:11the problems
31:12of the economy
31:13in Cebu
31:14than in
31:15the Philippines.
31:16So,
31:17the Filipinos
31:18are better
31:19at solving
31:20the problems
31:21of the economy
31:22in Cebu
31:23than in
31:24the Philippines.
31:25So,
31:26the Filipinos
31:27are better
31:28at solving
31:29the problems
31:30of the economy
31:31in Cebu
31:32than in
31:33the Philippines.
31:34So,
31:35the Filipinos
31:36are better
31:37at solving
31:38the problems
31:39of the economy
31:40in Cebu
31:41than in
31:42the Philippines.
31:43So,
31:44the Filipinos
31:45are better
31:46at solving
31:47the problems
31:48of the economy
31:49in Cebu
31:50than in
31:51the Philippines.
31:52So,
31:53the Filipinos
31:54are better
31:55at solving
31:56the problems
31:57of the economy
31:58in Cebu
31:59than in
32:00the Philippines.
32:01So,
32:02the Filipinos
32:03are better
32:04at solving
32:05the problems
32:06of the economy
32:07in Cebu
32:08than in
32:09the Philippines.
32:10So,
32:11the Filipinos
32:12are better
32:13at solving
32:14the problems
32:15of the economy
32:16in Cebu
32:17than in
32:18the Philippines.
32:19So,
32:20the Filipinos
32:21are better
32:22at solving
32:23the problems
32:24of the economy
32:25in Cebu
32:26than in
32:27the Philippines.
32:28So,
32:29the Filipinos
32:30are better
32:31at solving
32:32the problems
32:33of the economy
32:34in Cebu
32:35than in
32:36the Philippines.
32:37So,
32:38the Filipinos
32:39are better
32:40at solving
32:41the problems
32:42of the economy
32:43in Cebu
32:44than in
32:45the Philippines.
32:46So,
32:47the Filipinos
32:48are better
32:49at solving
32:50the problems
32:51of the economy
32:52in Cebu
32:53than in
32:54the Philippines.
32:55So,
32:56the Filipinos
32:57are better
32:58at solving
32:59the problems
33:00of the economy
33:01in Cebu
33:02than in
33:03the Philippines.
33:04So,
33:05the Filipinos
33:06are better
33:07at solving
33:08the problems
33:09of the economy
33:10in Cebu
33:11than in
33:12the Philippines.
33:13So,
33:14the Filipinos
33:15are better
33:16at solving
33:17the problems
33:18of the economy
33:19in Cebu
33:20than in
33:21the Philippines.
33:22So,
33:23the Filipinos
33:24are better
33:25at solving
33:26the problems
33:27of the economy
33:28in Cebu
33:29than in
33:30the Philippines.
33:31So,
33:32the Filipinos
33:33are better
33:34at solving
33:35the problems
33:36of the economy
33:37in Cebu
33:38than in
33:39the Philippines.
33:40So,
33:41the Filipinos
33:42are better
33:43at solving
33:44the problems
33:45of the economy
33:46in Cebu
33:47than in
33:48the Philippines.
33:49So,
33:50the Filipinos
33:51are better
33:52at solving
33:53the problems
33:54of the economy
33:55in Cebu
33:56than in
33:57the Philippines.
33:58So,
33:59the Filipinos
34:00are better
34:01at solving
34:02the problems
34:03of the economy
34:04in Cebu
34:05than in
34:06the Philippines.
34:07So,
34:08the Filipinos
34:09are better
34:10at solving
34:11the problems
34:12of the economy
34:13in Cebu
34:14than in
34:15the Philippines.
34:16So,
34:17the Filipinos
34:18are better
34:19at solving
34:20the problems
34:21of the economy
34:22in Cebu
34:23than in
34:24the Philippines.
34:25So,
34:26the Filipinos
34:27are better
34:28at solving
34:29the problems
34:30of the economy
34:31in Cebu
34:32than in
34:33the Philippines.
34:34So,
34:35the Filipinos
34:36are better
34:37at solving
34:38the problems
34:39of the economy
34:40in Cebu
34:41than in
34:42the Philippines.
34:43So,
34:44the Filipinos
34:45are better
34:46at solving
34:47the problems
34:48of the economy
34:49in Cebu
34:50than in
34:51the Philippines.
34:52So,
34:53the Filipinos
34:54are better
34:55at solving
34:56the problems
34:57of the economy
34:58in Cebu
34:59than in
35:00the Philippines.
35:01So,
35:02the Filipinos
35:03are better
35:04at solving
35:05the problems
35:06of the economy
35:07in Cebu
35:08than in
35:09the Philippines.
35:10So,
35:11the Filipinos
35:12are better
35:13at solving
35:14the problems
35:15of the economy
35:16in Cebu
35:17than in
35:18the Philippines.
35:19So,
35:20the Filipinos
35:21are better
35:22at solving
35:23the problems
35:24of the economy
35:25in Cebu
35:26than in
35:27the Philippines.
35:28So,
35:29the Filipinos
35:30are better
35:31at solving
35:32the problems
35:33of the economy
35:34in Cebu
35:35than in
35:36the Philippines.
35:37So,
35:38the Filipinos
35:39are better
35:40at solving
35:41the problems
35:42of the economy
35:43in Cebu
35:44than in
35:45the Philippines.
35:46So,
35:47the Filipinos
35:48are better
35:49at solving
35:50the problems
35:51of the economy
35:52in Cebu
35:53than in
35:54the Philippines.
35:55So,
35:56the Filipinos
35:57are better
35:58at solving
35:59the problems
36:00of the economy
36:01in Cebu
36:02than in
36:03the Philippines.
36:04So,
36:05the Filipinos
36:06are better
36:07at solving
36:08the problems
36:09of the economy
36:10in Cebu
36:11than in
36:12the Philippines.
36:13So,
36:14the Filipinos
36:15are better
36:16at solving
36:17the problems
36:18of the economy
36:19in Cebu
36:20than in
36:21the Philippines.
36:22So,
36:23the Filipinos
36:24are better
36:25at solving
36:26the problems
36:27of the economy
36:28in Cebu
36:29than in
36:30the Philippines.
36:31So,
36:32the Filipinos
36:33are better
36:34at solving
36:35the problems
36:36of the economy
36:37in Cebu
36:38than in
36:39the Philippines.
36:40So,
36:41the Filipinos
36:42are better
36:43at solving
36:44the problems
36:45of the economy
36:46in Cebu
36:47than in
36:48the Philippines.
36:49So,
36:50the Filipinos
36:51are better
36:52at solving
36:53the problems
36:54of the economy
36:55in Cebu
36:56than in
36:57the Philippines.
36:58So,
36:59the Filipinos
37:00are better
37:01at solving
37:02the problems
37:03of the economy
37:04in Cebu
37:05than in
37:06the Philippines.
37:07So,
37:08the Filipinos
37:09are better
37:10at solving
37:11the problems
37:12of the economy
37:13in Cebu
37:14than in
37:15the Philippines.
37:16So,
37:17the Filipinos
37:18are better
37:19at solving
37:20the problems
37:21of the economy
37:22in Cebu
37:23than in
37:24the Philippines.
37:25So,
37:26the Filipinos
37:27are better
37:28at solving
37:29the problems
37:30of the economy
37:31in Cebu
37:32than in
37:33the Philippines.
37:34So,
37:35the Filipinos
37:36are better
37:37at solving
37:38the problems
37:39of the economy
37:40in Cebu
37:41than in
37:42the Philippines.
37:43So,
37:44the Filipinos
37:45are better
37:46at solving
37:47the problems
37:48of the economy
37:49in Cebu
37:50than in
37:51the Philippines.
37:52So,
37:53the Filipinos
37:54are better
37:55at solving
37:56the problems
37:57of the economy
37:58in Cebu
37:59than in
38:00the Philippines.
38:01So,
38:02the Filipinos
38:03are better
38:04at solving
38:05the problems
38:06of the economy
38:07in Cebu
38:08than in
38:09the Philippines.
38:10So,
38:11the Filipinos
38:12are better
38:13at solving
38:14the problems
38:15of the economy
38:16in Cebu
38:17than in
38:18the Philippines.
38:19So,
38:20the Filipinos
38:21are better
38:22at solving
38:23the problems
38:24of the economy
38:25in Cebu
38:26than in
38:27the Philippines.
38:28So,
38:29the Filipinos
38:30are better
38:31at solving
38:32the problems
38:33of the economy
38:34in Cebu
38:35than in
38:36the Philippines.
38:37So,
38:38the Filipinos
38:39are better
38:40at solving
38:41the problems
38:42of the economy
38:43in Cebu
38:44than in
38:45the Philippines.
38:46So,
38:47the Filipinos
38:48are better
38:49at solving
38:50the problems
38:51of the economy
38:52in Cebu
38:53than in
38:54the Philippines.
38:55So,
38:56the Filipinos
38:57are better
38:58at solving
38:59the problems
39:00of the economy
39:01in Cebu
39:02than in
39:03the Philippines.
39:04So,
39:05the Filipinos
39:06are better
39:07at solving
39:08the problems
39:09of the economy
39:10in Cebu
39:11than in
39:12the Philippines.
39:13So,
39:14the Filipinos
39:15are better
39:16at solving
39:17the problems
39:18of the economy
39:19in Cebu
39:20than in
39:21the Philippines.
39:22So,
39:23the Filipinos
39:24are better
39:25at solving
39:26the problems
39:27of the economy
39:28in Cebu
39:29than in
39:30the Philippines.
39:31So,
39:32the Filipinos
39:33are better
39:34at solving
39:35the problems
39:36of the economy
39:37in Cebu
39:38than in
39:39the Philippines.
39:40So,
39:41the Filipinos
39:42are better
39:43at solving
39:44the problems
39:45of the economy
39:46in Cebu
39:47than in
39:48the Philippines.
39:49So,
39:50the Filipinos
39:51are better
39:52at solving
39:53the problems
39:54of the economy
39:55in Cebu
39:56than in
39:57the Philippines.
39:58So,
39:59the Filipinos
40:00are better
40:01at solving
40:02the problems
40:03of the economy
40:04in Cebu
40:05than in
40:06the Philippines.
40:07So,
40:08the Filipinos
40:09are better
40:10at solving
40:11the problems
40:12of the economy
40:13in Cebu
40:14than in
40:15the Philippines.
40:16So,
40:17the Filipinos
40:18are better
40:19at solving
40:20the problems
40:21of the economy
40:22in Cebu
40:23than in
40:24the Philippines.
40:25So,
40:26the Filipinos
40:27are better
40:28at solving
40:29the problems
40:30of the economy
40:31in Cebu
40:32than in
40:33the Philippines.
40:34So,
40:35the Filipinos
40:36are better
40:37at solving
40:38the problems
40:39of the economy
40:40in Cebu
40:41than in
40:42the Philippines.
40:43So,
40:44the Filipinos
40:45are better
40:46at solving
40:47the problems
40:48of the economy
40:49in Cebu
40:50than in
40:51the Philippines.
40:52So,
40:53the Filipinos
40:54are better
40:55at solving
40:56the problems
40:57of the economy
40:58in Cebu
40:59than in
41:00the Philippines.
41:01So,
41:02the Filipinos
41:03are better
41:04at solving
41:05the problems
41:06of the economy
41:07in Cebu
41:08than in
41:09the Philippines.
41:10So,
41:11the Filipinos
41:12are better
41:13at solving
41:14the problems
41:15of the economy
41:16in Cebu
41:17than in
41:18the Philippines.
41:19So,
41:20the Filipinos
41:21are better
41:22at solving
41:23the problems
41:24of the economy
41:25in Cebu
41:26than in
41:27the Philippines.
41:28So,
41:29the Filipinos
41:30are better
41:31at solving
41:32the problems
41:33of the economy
41:34in Cebu
41:35than in
41:36the Philippines.
41:37So,
41:38the Filipinos
41:39are better
41:40at solving
41:41the problems
41:42of the economy
41:43in Cebu
41:44than in
41:45the Philippines.
41:46So,
41:47the Filipinos
41:48are better
41:49at solving
41:50the problems
41:51of the economy
41:52in Cebu
41:53than in
41:54the Philippines.
41:55So,
41:56the Filipinos
41:57are better
41:58at solving
41:59the problems
42:00of the economy
42:01in Cebu
42:02than in
42:03the Philippines.
42:04So,
42:05the Filipinos
42:06are better
42:07at solving
42:08the problems
42:09of the economy
42:10in Cebu
42:11than in
42:12the Philippines.
42:13So,
42:14the Filipinos
42:15are better
42:16at solving
42:17the problems
42:18of the economy
42:19in Cebu
42:20than in
42:21the Philippines.
42:22So,
42:23the Filipinos
42:24are better
42:25at solving
42:26the problems
42:27of the economy
42:28in Cebu
42:29than in
42:30the Philippines.
42:31So,
42:32the Filipinos
42:33are better
42:34at solving
42:35the problems
42:36of the economy
42:37in Cebu
42:38than in
42:39the Philippines.
42:40So,
42:41the Filipinos
42:42are better
42:43at solving
42:44the problems
42:45of the economy
42:46in Cebu
42:47than in
42:48the Philippines.
42:49So,
42:50the Filipinos
42:51are better
42:52at solving
42:53the problems
42:54of the economy
42:55in Cebu
42:56than in
42:57the Philippines.
42:58So,
42:59the Filipinos
43:00are better
43:01at solving
43:02the problems
43:03of the economy
43:04in Cebu
43:05than in
43:06the Philippines.
43:07So,
43:08the Filipinos
43:09are better
43:10at solving
43:11the problems
43:12of the economy
43:13in Cebu
43:14than in
43:15the Philippines.
43:16So,
43:17the Filipinos
43:18are better
43:19at solving
43:20the problems
43:21of the economy
43:22in Cebu
43:23than in
43:24the Philippines.
43:25So,
43:26the Filipinos
43:27are better
43:28at solving
43:29the problems
43:30of the economy
43:31in Cebu
43:32than in
43:33the Philippines.
43:34So,
43:35the Filipinos
43:36are better
43:37at solving
43:38the problems
43:39of the economy
43:40in Cebu