Sir Stephen is the reason I checked ANC every month. In fact, I searched his name in YT every month in anticipation of this monthly talk and if there's some clips I haven't watched. Still so much to learn from Sir Steve's Wisdom.
Finally a man's man who talks with sense and respects deals and contracts. My father is a military man and has given more time to his work than what he give to us his family. He always tells us a few more years and I am all yours. He planned his life years in into the future. And then get blind sided the government who he gave so much to is going to double screw him over. It's unfair and I feel bad for my father.
Not true. The DOF is proposing that the CURRENT system be retained for all retirees just to reduce the opposition from them. No one forced anyone to become a AFP, PNP, NAMRIA, PCG, BFP MUP so no justification why they should not contribute to their retirement and for national government to shoulder 100% their retirement benefits.
@@scuunjieng thank you again, sir. What's sad with military people is they really belong to their work, and not to anyone, including their family. Like what I've said, when it's all said and done and finally my father comes home for good, he will be coming home to an empty nest because us kids will be moving on with our own life journey. Military life is a sad lonely man's journey. Your destiny is to walk with your buddies when you're younger and then walk solo when you're older. Reason why i didn't want to follow my dad's footsteps.l
Thanks for the insights, I like the realistic examples given. I also believe that focusing on making our education system competitive is key to progress, so people can also pick better leaders.
You have a sec of education who is an airhead concentrating on the appearance of a classroom than reforming the education system to become more competitive or similar to other teaching techniques of emerging countries.
What a Breath of Fresh air Mr. Cuunjiengs attitude and no holds barred economic look at the philippines political and business approached is.. Looking forward to the next episodes..
Always a pleasure to watch and listen to your point of views Sir Stephen, I love your frank and straightforward answers on key questions. Thanks very much❤❤ ❤👏👏👏!
Sir Stephen, thank you once again! I am just sad, angry or should we just raise our hands and say bahala na si Batman sa Pinas when we all know how hardworking, talented Filipinos are plus an abundance of natural resources we have that literally makes us RICH! And yet here we are in 2023, lagging behind... Sir Stephen, please consider making book/memoir. So many takeaways we Filipinos can learn from your experience professional and personal. Surely I will be buying your book. Salamat po.
Rodrigo Duterte,created this mess. Duterte is brainless, and only knows how to steal from Govt,like the Pharmally scam,stealing from vaccine funds. Duterte is also a mass murderer who killed thousands, in order to eliminate drug lords competing with his son Puloy Duterte,who is a drug lord.
Thanks for the interesting insights as always! Again, as he mentioned, the martial law years were where our economy started underperforming and dictatorship did not work for us. People in the economic sector know of the mismanagement the country faced which resulted in an economic crisis in 1983-1984. Maraming inutang, maraming pinamigay na kumpanya sa mga kaibigan, tapos walang economic benefits na nakuha. Kaya napunta sa puntong di mabayaran ng gobyerno ang mga inutang. There was still mismanagement post-EDSA but because of reforms made in the BSP (formerly Central Bank) and financial sector since 1986, we have a better defense mechanism for ecojomic downturns.
Yes, he should be but then again, you would not want to be around the people in government now. You will just get so stressed being surrounded by ignoramus and deaf personalities!
Just came back from Vietnam, the young people have such confidence and hope about their future. Sure they also have problems, but in general when the young are optimistic and equipped with skills and knowledge the country is going places. Kinda reminded me of Chinese students in the 2000's, full of energy and optimism being unleashed into their economic engines.
I’ve said it before and will continue saying it, our nation badly needs Mr. Cuunjieng’s wisdom to elevate our country. Mr. Cuunjieng, I will vote for you if ever you run for Senator.
Sir Stevie, when you said and I quote"when we had a new chance,we looked backward rather than forward"..you hit it bullseye! I completely 101% agree.. This is again another very insightful interview.. Thanks Sir! Hope politicians have this mindset as yours❤
Am gonna google your written articles Mr. "Stevie", interested to know your view on economics and all other topics you have discussed about. Till your next interview at anc.
I am a senior now and how I wished I focused on computer programming and IT/ICT back in the 80s. It seems like it is now too late in the game to be competitive with our neighbors who are "poor and backward" in the 80s. With the ongoing brain drain and no policy direction on IT, I say more dark clouds ahead. Thanks Stevie, with your analysis and insight, there is light at the end of the tunnel. God bless!
That's what private corporations and international organizations do with their pension plans, they change the policies for the new hires for better sustainability. I agree, for fairness and better pension plan sustainability, the military should adjust the pension policies for those who are just about to enter the force so that those who are already serving will not feel that they are short-changed.
When comparing the performance of graduates from other countries, we should consider that some of our graduates, who possess talent and skills, prefer to work in other countries rather than in the Philippines. I believe this is one of the reasons why we are lagging behind. Our skilled and talented workers opt for opportunities abroad in search of a better life.
6:00 we simply don't change everything because it's the military pension that's the most pressing balance sheet problem. Stupid argument but overall the whole talk was interesting
The opposition are more focus on teaching young students about Martial Law period than teaching academic fundamentals and technical skills for our students to be competitive in the global market.
Not true. You have seen the opposition advocate for educational reform and part of it is the inclusion of a comprehensive martial law subject, similar to Germany where schools teach about the Nazi regime and Holocaust. You cannot move forward if you are in denial of the mistakes of the past.
@@joellicup6557 ano ang standing ng mga estudyante with regards to math, science at english after graduation ng high school? Majority ay sub par, lalo na yung mga galing public school on which who needed it the most. Ano gusto mo magfocus sa Martial Law, then hayaan na lang na below average ang knowledge sa fundamental subject? I’ve never heard opposition crying about the poor performance of students in Math, English and Science, puro martial law lang sigaw nila. Ang katotohanan wala silang pakialam sa welfare ng estudyante, puro pumumulitika lang ang habol ng mga taga-oposisyon. Kung hindi mo nakikita yun, eh baka isa ka dun.
@@JLCruise1 Awow. Baka gusto niyo pong basahin ang mga policy suggestions nina Sen. Risa o kaya yung criticisms ng Makabayan bloc tungkol sa gaps sa current curriculum.
I disagree in of terms of our abilities in technology, the talents are here in the Philippines. Improve and make it easy for companies to do business so that investments come in
Stephen showed us previously his valued knowledge and experience in investment management when asked about the Maharlika Investment Fund and how bad an idea it was. This time he now shows us his expertise is not limited to his technical skills and shows his humanity and sense of fairness on this MUP issue. Makes you wonder why this sense of fairness was never part of the discussion. Makes you wonder how poorly our government officials think when proposing this change. Let’s hope they watch this and do better in doing this. At the end of the day, while money is the issue here, it is not the only issue. Thank you Stevie for calling our attention and raising this issue.
Stephen I am based in Australia and here we have what’s called superannuation which a fund contributed by your employer for your retirement. Traditionally, these where defined benefit funds where employers aside from making their contributions were required to cover any shortfalls in fund earnings to meet the expected pension. In the 1990s employers both public and private found them expensive to maintain started to close these funds to new employees and started offering instead accumulated contributions funds for their superannuation needs. This approach enabled employers to honour their commitments to provide for existing employees with defined benefit funds while at the same time reducing future contributions for new employees using accumulated contributions funds. Let’s hope a similar approach be considered in regards to the MUP issue. Thanks.
Government is a joke. Remember placing a shield between the motorcycle driver and its passenger. Do these fools study aerodynamics or at least consult experts first. Lots of YES man in the government.
It's not a moral contract, it's simply an employment contract funded by taxpayers. The employee can quit anytime he/she no longer likes the terms of the contract. 'Stevie' isn't as smart as he might think.
He is not wrong. Vietnam will pass us by, in fact they probably did. They are more focused on growing their human capital than we are. Ano focus ng education natin? Mag produce ng manual laborers and low skilled workers for cheap. Ano focus ng Vietnam? Training in future industries tulad ng tech and science. Ang laki ng pinag-kaiba ng direction natin. Tapos andyan pa yung VP natin sa Education, eh puro waldas ng pera lang naman alam.
Sir Stephen is the reason I checked ANC every month. In fact, I searched his name in YT every month in anticipation of this monthly talk and if there's some clips I haven't watched.
Still so much to learn from Sir Steve's Wisdom.
many thanks
same here!
many thanks@@diverstan8502
Same here. Sya lang sinusundan ko sa ANC.
@@jeciel85 salamat
Stevienomics should at least be a 30-minute segment or a bi-monthly special. 😂
Thank you Stephen for continuously sharing your knowledge and wisdom.
Deeply appreciated
many thanks for inviting me again
Finally a man's man who talks with sense and respects deals and contracts.
My father is a military man and has given more time to his work than what he give to us his family. He always tells us a few more years and I am all yours. He planned his life years in into the future. And then get blind sided the government who he gave so much to is going to double screw him over. It's unfair and I feel bad for my father.
many thanks
Not true. The DOF is proposing that the CURRENT system be retained for all retirees just to reduce the opposition from them. No one forced anyone to become a AFP, PNP, NAMRIA, PCG, BFP MUP so no justification why they should not contribute to their retirement and for national government to shoulder 100% their retirement benefits.
@@fluffyshi-fk5fx d u m b comment.
I guess you didn't listen to what Mr Cuunjieng had to say.
@@___Anakin.Skywalkerthanks. Exactly
@@scuunjieng thank you again, sir.
What's sad with military people is they really belong to their work, and not to anyone, including their family. Like what I've said, when it's all said and done and finally my father comes home for good, he will be coming home to an empty nest because us kids will be moving on with our own life journey.
Military life is a sad lonely man's journey. Your destiny is to walk with your buddies when you're younger and then walk solo when you're older. Reason why i didn't want to follow my dad's footsteps.l
As usual Stevie's analysis on the MUP pension system makes logical sense.
many thanks
Thanks for the insights, I like the realistic examples given. I also believe that focusing on making our education system competitive is key to progress, so people can also pick better leaders.
Many thanks
You have a sec of education who is an airhead concentrating on the appearance of a classroom than reforming the education system to become more competitive or similar to other teaching techniques of emerging countries.
What a Breath of Fresh air Mr. Cuunjiengs attitude and no holds barred economic look at the philippines political and business approached is.. Looking forward to the next episodes..
Many thanks
Love this guy's insights! Wish we were governed by people like him instead.
many thanks
Always a pleasure to watch and listen to your point of views Sir Stephen, I love your frank and straightforward answers on key questions. Thanks very much❤❤ ❤👏👏👏!
many thanks
Sir Stephen, thank you once again!
I am just sad, angry or should we just raise our hands and say bahala na si Batman sa Pinas when we all know how hardworking, talented Filipinos are plus an abundance of natural resources we have that literally makes us RICH! And yet here we are in 2023, lagging behind...
Sir Stephen, please consider making book/memoir. So many takeaways we Filipinos can learn from your experience professional and personal. Surely I will be buying your book. Salamat po.
many thanks
Stevie Cuunjieng is GOATed. He's the only person I bother listening to in the news when it comes to economics and business.
More exposure Sir Cuunjieng pleaase! I'll never get tired listen with your economic insights!
Many thanks
we have money for sara dutertes confidential funds tapos wala tayong pambayad sa pensions ng mga sundalo natin?!!!
Rodrigo Duterte,created this mess. Duterte is brainless, and only knows how to steal from Govt,like the Pharmally scam,stealing from vaccine funds. Duterte is also a mass murderer who killed thousands, in order to eliminate drug lords competing with his son Puloy Duterte,who is a drug lord.
Stephen perspective was principle-based.
Many thanks. I do my best to avoid personality based commentary which is sadly the norm
Thanks for the interesting insights as always! Again, as he mentioned, the martial law years were where our economy started underperforming and dictatorship did not work for us. People in the economic sector know of the mismanagement the country faced which resulted in an economic crisis in 1983-1984. Maraming inutang, maraming pinamigay na kumpanya sa mga kaibigan, tapos walang economic benefits na nakuha. Kaya napunta sa puntong di mabayaran ng gobyerno ang mga inutang. There was still mismanagement post-EDSA but because of reforms made in the BSP (formerly Central Bank) and financial sector since 1986, we have a better defense mechanism for ecojomic downturns.
Stevie, should be in our Government👌👍
many thanks
Yes, he should be but then again, you would not want to be around the people in government now. You will just get so stressed being surrounded by ignoramus and deaf personalities!
@@rowenadinsmore1 thanks
I think Stephen Cuunjieng should start his own podcast, I would listen to him all day long so much wisdom.
Many thanks but don’t have the time
Just came back from Vietnam, the young people have such confidence and hope about their future. Sure they also have problems, but in general when the young are optimistic and equipped with skills and knowledge the country is going places. Kinda reminded me of Chinese students in the 2000's, full of energy and optimism being unleashed into their economic engines.
I’ve said it before and will continue saying it, our nation badly needs Mr. Cuunjieng’s wisdom to elevate our country.
Mr. Cuunjieng, I will vote for you if ever you run for Senator.
Many thanks but I have no interest in public office.
Sir Stevie, when you said and I quote"when we had a new chance,we looked backward rather than forward"..you hit it bullseye! I completely 101% agree.. This is again another very insightful interview.. Thanks Sir! Hope politicians have this mindset as yours❤
Many thanks
Totally agree with Stephen Cuunjieng👍👍👍.
Many thanks
Yes, production and ability to create is the key than being just a computer user.
Thanks
Cut the salaries of the congressmen and the senators including the President and vice- president.
...and the humongous CONFIDENTIAL FUNDS AS WELL !!!!!
Am gonna google your written articles Mr. "Stevie", interested to know your view on economics and all other topics you have discussed about. Till your next interview at anc.
Deeply appreciated
I am a senior now and how I wished I focused on computer programming and IT/ICT back in the 80s. It seems like it is now too late in the game to be competitive with our neighbors who are "poor and backward" in the 80s. With the ongoing brain drain and no policy direction on IT, I say more dark clouds ahead. Thanks Stevie, with your analysis and insight, there is light at the end of the tunnel. God bless!
many thanks
Nice to always learn from Stevienomics!
many thanks
That's what private corporations and international organizations do with their pension plans, they change the policies for the new hires for better sustainability. I agree, for fairness and better pension plan sustainability, the military should adjust the pension policies for those who are just about to enter the force so that those who are already serving will not feel that they are short-changed.
When comparing the performance of graduates from other countries, we should consider that some of our graduates, who possess talent and skills, prefer to work in other countries rather than in the Philippines. I believe this is one of the reasons why we are lagging behind. Our skilled and talented workers opt for opportunities abroad in search of a better life.
A valid point
Greener pastures outside the countries.
Very good analysis
Many thanks
6:00 we simply don't change everything because it's the military pension that's the most pressing balance sheet problem. Stupid argument but overall the whole talk was interesting
Will it help if we outsource some government officials?
Like the finance secretary...
i have joked that
@@paulpadilla8972 jokeNO IS AN OPPORTUNISTIC MORON
Sir Steve, in uae. Majority of police men were contracted expats.
You made a great point
Many thanks
The opposition are more focus on teaching young students about Martial Law period than teaching academic fundamentals and technical skills for our students to be competitive in the global market.
Not true. You have seen the opposition advocate for educational reform and part of it is the inclusion of a comprehensive martial law subject, similar to Germany where schools teach about the Nazi regime and Holocaust. You cannot move forward if you are in denial of the mistakes of the past.
@@joellicup6557 ano ang standing ng mga estudyante with regards to math, science at english after graduation ng high school? Majority ay sub par, lalo na yung mga galing public school on which who needed it the most.
Ano gusto mo magfocus sa Martial Law, then hayaan na lang na below average ang knowledge sa fundamental subject?
I’ve never heard opposition crying about the poor performance of students in Math, English and Science, puro martial law lang sigaw nila. Ang katotohanan wala silang pakialam sa welfare ng estudyante, puro pumumulitika lang ang habol ng mga taga-oposisyon. Kung hindi mo nakikita yun, eh baka isa ka dun.
@@JLCruise1 Awow. Baka gusto niyo pong basahin ang mga policy suggestions nina Sen. Risa o kaya yung criticisms ng Makabayan bloc tungkol sa gaps sa current curriculum.
Correct
Thanks
I disagree in of terms of our abilities in technology, the talents are here in the Philippines. Improve and make it easy for companies to do business so that investments come in
If that's true then why aren't companies flocking to the Philippines to do their business here.
@@jeciel85exactly
Stephen showed us previously his valued knowledge and experience in investment management when asked about the Maharlika Investment Fund and how bad an idea it was. This time he now shows us his expertise is not limited to his technical skills and shows his humanity and sense of fairness on this MUP issue. Makes you wonder why this sense of fairness was never part of the discussion. Makes you wonder how poorly our government officials think when proposing this change. Let’s hope they watch this and do better in doing this. At the end of the day, while money is the issue here, it is not the only issue. Thank you Stevie for calling our attention and raising this issue.
Deeply appreciated, in fairness some legislators and Sec. Teodoro have expressed this view as well.
Stephen I am based in Australia and here we have what’s called superannuation which a fund contributed by your employer for your retirement. Traditionally, these where defined benefit funds where employers aside from making their contributions were required to cover any shortfalls in fund earnings to meet the expected pension. In the 1990s employers both public and private found them expensive to maintain started to close these funds to new employees and started offering instead accumulated contributions funds for their superannuation needs. This approach enabled employers to honour their commitments to provide for existing employees with defined benefit funds while at the same time reducing future contributions for new employees using accumulated contributions funds. Let’s hope a similar approach be considered in regards to the MUP issue. Thanks.
@@ideasman88 exactly. Thanks
Government is a joke. Remember placing a shield between the motorcycle driver and its passenger. Do these fools study aerodynamics or at least consult experts first. Lots of YES man in the government.
yung Judiciary rin non-contributory. dapat ma-correct rin yan.
Agree n wish govt officials would listen to this.
Vsited Thailand in 1988, Vietnmani n Cambodia n 2005 (us much better then). Now, d opposite.
Many thanks
OFWs to make impact in the elections? But most overwhelmingly supported BBM
Does mr Stephen wrote a book?
have not but i do write a column every Friday for the Manila Times
A system that does not work for all 😢
It's not a moral contract, it's simply an employment contract funded by taxpayers. The employee can quit anytime he/she no longer likes the terms of the contract. 'Stevie' isn't as smart as he might think.
Who you?
So what change are you proposing? How are you going to implement the change without being unfair?
You either didn’t listen or comprehend what I said as I proposed a solution
He is not wrong. Vietnam will pass us by, in fact they probably did. They are more focused on growing their human capital than we are.
Ano focus ng education natin? Mag produce ng manual laborers and low skilled workers for cheap.
Ano focus ng Vietnam? Training in future industries tulad ng tech and science.
Ang laki ng pinag-kaiba ng direction natin. Tapos andyan pa yung VP natin sa Education, eh puro waldas ng pera lang naman alam.
asa sa OFW's?? LMAO
marami sa kanila yung naniwala sa false promises ni bbm.
hahaha pinoy thinks na tech savvy sila.
1hr discussions please 🫶
many thanks