"I don't like to speculate when I don't know. Enough people do that." What a gem. That's why he makes sense always.More of Stevie Cuunjieng so Filipinos and the government will hear more sense.
Absolutely no crystal balls. Educated guess. Gut feel. These are better alternatives for seasoned economic managers, leaders. Look at all the angles and the classic cost/ benefit analysis. BE like a captain of a ship. Maneuver, adjust, and keep an eagle eye on everything.
Our leaders misunderstand how business operates. Companies don't thrive on money alone; trust is their lifeblood. A company grounded in trust can weather any storm because, as long as people believe in it, it can continue to prosper. Regardless of the amount of money at their disposal, entities without trust are destined to falter. The unappealing nature of the MIF to foreign countries highlights our government's, the people's, and the Philippines' collective deficiency in trust when it comes to financial management, capability, transparency, accountability, and good governance. We must prioritize building trust before embarking on such financial endeavors. The system shapes behavior.
Lending to non-bankable projects just increased the moral hazard 10 times using leverage .... 750 billion available to lend also means 750 billion potential writedowns if those government sponsored projects go broke ... potentially wiping out the entire capital of landbank and DBP. Leverage cuts both ways.
Sir Steve, you are the best financial expert who knows how to explain things succintly for easy understanding. That is why I always watch & listen to all your interviews if I know of them. Thank you for your efforts.
I always love the interaction between Michelle and Stevie. They seemingly know each other. Stevie is a given, but Michelle just knows what questions to ask. Thank you for these insights!
@donskidarko Gov't could not afford him I guess.😂 Sir Stevie can explain complex concept in a simplest manner that even myself who is not a business grad can understand. Furthermore, he is right, pag parepareho mag-isip ang mga tao sa boardroom, find another person who thinks differently--brilliant ideas will prevail. Always a breath of fresh air listening to him.
There are some loopholes and unintended consequences of the quick passage of the Maharlika. So it turned out to be a shameful exercise in futility. Nakakahiya talaga, mga congressman na sipsip sunud-sunuran lang walang sariling panindigan, we should not adopt this culture of prejudice blatant political partisanship because such failure should have been avoided.
They're used to railroaded passing of laws that nobody bothered to ask the most basic questions for the fund. It would have been subjected to wasteful spending without accountability. Prone to abuse for vagueness and easy escape for perpetrators. Thanks for standing up against ignorance.
Thank you for the mature voice Sir Steve, we as a nation should learn how to disagree without being disagreeable. Praise God that the president humbled himself, sana all 😅
This is where you distinguish between education and experience. Experience in banking really says a lot. Sir Stevie is correct. The simplest answer is the most logical ones. This is another arrow to the Philippine Congress. Ayusin niyo naman trabaho niyo. Hay. Sir Stevie, nice one. I saw your June interview and my first response was "Oo nga ano", but did not really sink in during that time; because, well, I thought that was just a plausible theory and I have not experienced it first hand. But then again, I see now. Hahaha. Thank you Sir Stevie.
this is why i would like to raise the requirements to be a lawmaker. must be a lawyer and have an econ education. too many laws congress writes are just destructive economically.
Thanks for you insights Sir. These was voiced months ago, if only they had been heeded then, perhaps this could have been avoided. It's crucial that these insights are taken into account for future decisions.
👍😸 you yourself said you're old but you're MORE knowledgeable to handle finances as compared to these younger so called economic managers. The country needs you more, more of the oldies then. As you said more common sense. thanks for this video / interview. More power and best wishes. Please help them. 👍
Sir Stephen just want to ask- if it's suspended, where is the P75B now?? Can they return it for the meantime that it is not yet 100% final because-- it might end up in the hands of the "corrupt".. What do you think?? Just an opinion 🤓 thanks Sir! hope this country has million minds like yours sir.. God bless😊
This is a very insightful discussion concerning investment management sir Stevie. I am convinced that with your qualifications you'll be a very good and highly capable advisor in fund management not for MIF but for my startup company under fast agreement 😅
Kudos to you sir very easy to understand why in a hurry to transfer the whole fund of dbp l and land bank when you can withdraw what is only needed its smells fishy
Thanks for this episode. Super educational. Your resource person is truly an investment expert who should have been consulted by legislators with hardly a working knowledge of investment funds operations and management.
I think lawmakers in the Phiippines need more knowlege, training, expertise in the field of finance for the country. Knowledge is power, wisdom is the principal thing.
What I'm understanding in this interview is that the money invested by dbp and land bank just sits there in the maharlika investment fund. The money is not moving which is a bad thing?
Yes and no. Yes, it will not make money since they havent setup the fund yet and those funds will sleep during that time. And no since the main point of discussion is that DBP and Landbank will be crippled as far as its lending operations is concerned since a portion of its equity will be allocated to the Maharlika fund. So even if the prefunding issue is addressed (issue 1), the issue of the crippled capital of these two banks still remain. Bottomline, they rushed this without thinking. Hilaw na hilaw kasi siguro marami may gustong sumawsaw.
This guy explained so much good compared to cong. Quimbo... of course they wont bring up because they think di nman nila pera yan.. that's all about it.🤦🤗
Very good analysis! Fully agree! I came from UP Diliman, DLSU MBA and FEU LAW. Plus 35 years with the Top Four Intl. bank. I saw when the derivatives market ( worthless mortgage papers) were converted into commercial papers, and saw it imploding in less than five years. Kaboom! The 2008 global financial meltdown, due to myopic visionaries, designers of the derivative product. A complete disaster, engineered by the bright boys in the banking industry. A hard pill to swallow, a humbling experience, even a haphazard criminal act, which the FEDS missed to scrutinize...... So there... 1929. 1997. 2008. Need another one??
boss gamitin ko to sa essay pang closing. SALAMAT LAB U btw, tru dat those were loans where they restructured into another loan product enabling people to get mortgages amidst incapacity. fotaaa
Not unprecedented but feels this way given the scale of this initiative. Thanks for speaking your mind and the heart behind this (something that also should be commended) Sir Stevie. Btw, win on the Mona Lisa song reference.
My learnings for today: (1) equity investment is not tier 1 capital for banks. (2) there is opportunity cost for banks if depositor money does not earn (3) debt is given higher rating than equity with regard to capital requirements (4) reserve requirement is at least 10% (75B of 750B). Hope my understanding is correct.
Sorry it isn’t correct. Equity is tier 1 but if allocated somewhere else like Maharlika then it is allocated so can’t be uses to be tier 1 buffer for loans. Debt is lower rated for bank capital and it has to meet certain criteria to get some capital treatment. That is why the bank has to be careful is making equity investments versus the usual loans which are debts. Reserve requirements for loans have a range depending on whether performing or not and so on, but for overall tier 1 capital for the bank itself it needs to usually be about 10%. Thank you for your kind interest.
They cannot recruit good representation of intelligent people because these same people will have the same prognosis - the fund is an exercise in futility. Govt has no excess funds to use.
So you mean, setting up Maharlika investment fund must be set-up as "barrowed" so that the Tier 1 whatever it is will not be directly contributing to the fund as an equity because it will affect the capacity of the bank to support loans upto750million? (is this correct?) will not that affect the Maharlika investment decisions if the DBP and Land bank of the Philippines have no direct control over this investment fund as an equity owner?
Well the Tier 1 capital issue was brought up on X ( twitter) quite a lot. Many analyst did and even tagged BsP and congress. So they know but just decided to turn a blind eye
Great amendment proposels, including the note on the Indonesisn govt being the biggest shateholder but being a minority in the INA sovereign development fund making it clear that investors into INA will bot have a governance problem But actually Fitch was the first to say it on April 18 - that DBP and LBP capital adequacy would become problematic :-)
Oh wow, feels like a time travel back to my college years. My enthusiasm for learning has been triggered 😊. I'm all ears. You need to have a full show Sir. Btw, you sounded like my mentor, Mr. William or WRCU (same surname), don't know if you're related. All the best, Mr. Stephen.
I agree with you Sir on your narratives, I believed you're more knowledgeable than those in the current government economic managers, but in your previous interviews with a foreign media where you belittle local working filipinos capabilities weak working performances, I disagree with your perceptions.
Sir Steve you're really retired now? As you said, you're too old for the job but you look like younger than the common retirees. 😅 You're insights is always the Best Sir Steven but may I request for a more lighter explanation so it will be inclusive for everyone watching the show. Sometimes i got lost with the terms you used which I'm not familiar.😢 Mas maigi po sana kung on Filipino language kaso english channel po kasi ng anc. Tingin ko po your insights will be more louder if we can understand it correctly. If it is going to be louder and louder you will gain traction from media outlets and our government to listen to you 🤗
Would Mr. Cuunjieng still favourably recommend pursuing a Maharlika Investment Fund that is apparently bound to fail right from the start since, actually, surplus funds which is supposed to start it up are non-existent?
Simula palang natawa na ako don sa pagturn over daw ng fund ng lbp at dbp 75 B. Kahit sinong mahina ang ulo, mag iisip, anong gagawin ng ganong kalaking pera don, e di pa nga nagstart?😂😂😂😂
I hope President Marcos would have time to watch this. These are important points missed out due to people holding very delicate positions but don't have the necessary credibility & experience, much more the expertise to oversee such heavy responsibilities. We could have gotten that blind side and suffered the severe consequences. 'Positive you are Always up to the Pinas best economic position. 'Always appreciative of people like you, doing their social responsibilities seriously.
@@onlinesignsanddisplays3484 nobody said he is, IN THE FIRST PLACE. but having listened to the opinions made by mr. cuunjieng, i agree more to the man than to the position of mr. diokno. his words on where MIF is focused as per their plan should be considered. never disagree to your "interests of the powers that be", you said it perfectly. btw, out of the topic, how come mr diokno have not expressed any single disagreement on the mup's pensions when he was in another position in the past administration but is now raising howls as he now worries about the most-likely deficits in the budget. Just MAKES ME THINK why. personally, i don't agree with the current full government subsidy on these pensions. the philippines have other government workers - teachers, nurses, doctors, who else - who are all contributing for their future pensions.
@@onlinesignsanddisplays3484 true that, but those are just coined names of the famous. and seriously, and look at it yourself, bbmj's suspending the implementation of the mif should contain your guy's involvement ie they could have look at their "irr's" much better. although my opinion that is more of "the polite way" of saying pag-aralan natin ulit from the government.
why isnt this guy in the office for managing funds? well its a sh*t show to start, why get into something na puro pacute lang. kudos to this guy. really knows what he's saying
I really hope the right people will be appointed. also agree with the equity being shelled out by DBP & LB all at once? not even staggered? I hope there's no malicious intent. I hope the right people are appointed. I'm sure matalino mga professor or government posts. Pero iba parin private sectors iba yung practice sa theory always good insights from boss stevie
Too bad that the BBM admin ,did not consult you and other ''instant '' economic experts and grandstanding opposition politicians [pimentel ,et al.].. And where are the economic experts of the administration.. But the saving grace for BBM is that he listens to the concern of people /economic experts to suspend the Maharlika Fund..
as I heard sen. Pimentel issue is about the legality of maharlika investment funds, he is a lawyer / senator and not an "instant economic expert" as what you have branded him. ✌️🙏👍
It seem stheir mind is far trom that negative aspect they may be thinking ow things will ger better in the long run if they still can run somewhere if they will be welcome maybe in cayman island
The lowest cost of capital for the government is to issue government bonds ... if the project is not viable even with the least cost of capital ... how should it be funded otherwise ? ... therein lies the moral hazard of central planners who believe they know what is best. Someone has to foot the bill ... there is no such thing as a free lunch.
If the project is not viable with even the least cost of capital ... the better question I think is ... should it be funded in the first place ? If the answer is yes like it will bring more economic prosperity to the country, then it's the proponent's job to sell the project so that it can be funded with the least cost of capital. Circumventing that process will just create a moral hazard of capital not being properly allocated.
"I don't like to speculate when I don't know. Enough people do that." What a gem. That's why he makes sense always.More of Stevie Cuunjieng so Filipinos and the government will hear more sense.
many thanks
@@scuunjiengI always learn from you. Brilliant guy.
@@hl2582 many thanks
Absolutely no crystal balls.
Educated guess. Gut feel. These are better alternatives for seasoned economic managers, leaders.
Look at all the angles and the classic cost/ benefit analysis.
BE like a captain of a ship. Maneuver, adjust, and keep an eagle eye on everything.
@@romnickz9 thanks
maybe there is still hope for the country if more intelligent people start speaking up
thanks
Intelligent people have spoken but the lawmakers did not listen. As citizens, we could have voted for more intelligent lawmakers.
only 5% of pinoys are intelligent.
Intelligent people should always voice out their opinion..maybe just maybe some people would listen.. just trying..
We need more people like you Sir Stevie. You inspire me to stay excellent in my profession so I can also speak the truth with love in the workplace.
Many thanks
Shine! Shine!
@@romnickz9 thanks
Ph needs more people like Stevie, who can voice out bluntly, intelligently, and beautifully for us Filipinos.
What a wonderful person! 🙏🙏
Deeply appreciated
@@scuunjieng you are more deeply appreciated Sir! 🙂
Sana mas maging mainstream interviews ni Mr. Cuunjieng.
Salamat
Our leaders misunderstand how business operates. Companies don't thrive on money alone; trust is their lifeblood. A company grounded in trust can weather any storm because, as long as people believe in it, it can continue to prosper. Regardless of the amount of money at their disposal, entities without trust are destined to falter. The unappealing nature of the MIF to foreign countries highlights our government's, the people's, and the Philippines' collective deficiency in trust when it comes to financial management, capability, transparency, accountability, and good governance. We must prioritize building trust before embarking on such financial endeavors. The system shapes behavior.
Thanks
Why is Stevie not the DOF Sec? He has fresh ideas.
many thanks but don't think I am suited to govt service but don't worry the govt feels the same way about me!
"They don't know what they are writing!" LOL! Stevie, you hit it out of the ballpark. AGAIN!
many thanks
Lending to non-bankable projects just increased the moral hazard 10 times using leverage .... 750 billion available to lend also means 750 billion potential writedowns if those government sponsored projects go broke ... potentially wiping out the entire capital of landbank and DBP. Leverage cuts both ways.
Take care of your heart, Sir Steve... you made my day bright as always!!!
many thanks!
Sir Steve, you are the best financial expert who knows how to explain things succintly for easy understanding.
That is why I always watch & listen to all your interviews if I know of them. Thank you for your efforts.
Many thanks
I always love the interaction between Michelle and Stevie. They seemingly know each other. Stevie is a given, but Michelle just knows what questions to ask. Thank you for these insights!
deeply appreciate it
We need more people like you in the government Stevienomics.
Many thanks
Thanks to Stevie for calling a spade a spade. Nakakatakot naman na haw siaw ang pagpapaikot ng pera ng banks natin.
many thanks
We need a Stephen Cuunjieng Masterclass soon!
Very kind of you
Pag si idol nagsalita, kelangan makinig at manood. Very insightful as always. ❤
Maraming Salamat
Hahahahahaha!!! Why can’t Mr.Stevie be our finance secretary instead??? Or at least a consultant on the team?
Many thanks but I do not have the personality to be in govt but more important they are not interested to begin with
@donskidarko Gov't could not afford him I guess.😂
Sir Stevie can explain complex concept in a simplest manner that even myself who is not a business grad can understand.
Furthermore, he is right, pag parepareho mag-isip ang mga tao sa boardroom, find another person who thinks differently--brilliant ideas will prevail.
Always a breath of fresh air listening to him.
Many thanks
I am such a big fan of Stephen. I always watch when your videos pop up on my feed!
Deeply appreciated
There are some loopholes and unintended consequences of the quick passage of the Maharlika. So it turned out to be a shameful exercise in futility. Nakakahiya talaga, mga congressman na sipsip sunud-sunuran lang walang sariling panindigan, we should not adopt this culture of prejudice blatant political partisanship because such failure should have been avoided.
thanks
Now I can say “again” to my friends, “I told you so, remember?”
Thanks
They're used to railroaded passing of laws that nobody bothered to ask the most basic questions for the fund. It would have been subjected to wasteful spending without accountability. Prone to abuse for vagueness and easy escape for perpetrators. Thanks for standing up against ignorance.
Many thanks
Wag nyo po masyadong galingan Sir Steve at baka di makasunod mga trolls para mag red-tag at magbrand ng "dilawan". Ewan ko na lang guys ah.
thanks
many thanks for inviting me
Thank you for sharing your knowledge to us, good sir. I always anticipate for your segment and truly, it is very insightful. 😊🙏🏼
Many thanks
Thank you for the mature voice Sir Steve, we as a nation should learn how to disagree without being disagreeable.
Praise God that the president humbled himself, sana all 😅
Thanks
I watch ANC because of Stephen Cuunjieng :)
many thanks
This is where you distinguish between education and experience. Experience in banking really says a lot.
Sir Stevie is correct. The simplest answer is the most logical ones.
This is another arrow to the Philippine Congress. Ayusin niyo naman trabaho niyo.
Hay.
Sir Stevie, nice one.
I saw your June interview and my first response was "Oo nga ano", but did not really sink in during that time; because, well, I thought that was just a plausible theory and I have not experienced it first hand.
But then again, I see now. Hahaha.
Thank you Sir Stevie.
many thanks
this is why i would like to raise the requirements to be a lawmaker. must be a lawyer and have an econ education. too many laws congress writes are just destructive economically.
Mr. Cuunjieng should be part of the country’s economic managers.
Thanks
Thanks but am not suited for government
Ayaw ng nakaupo Ngayon na sobrang talino😂
He makes sense and knows what he's talking about.
Thanks!
Stevie GOATED
thanks
Thanks for you insights Sir. These was voiced months ago, if only they had been heeded then, perhaps this could have been avoided. It's crucial that these insights are taken into account for future decisions.
Many thanks
👍😸 you yourself said you're old but you're MORE knowledgeable to handle finances as compared to these younger so called economic managers. The country needs you more, more of the oldies then. As you said more common sense. thanks for this video / interview. More power and best wishes. Please help them. 👍
many thanks
Walang nag iisip sa gubyero...sad to say.
Many thanks
Marami nag iisip, but on the different direction 😂
Well, look who rushed it with extreme urgency to pass the bill without extensive consultation with experts. Why the rush? You be the judge.
I always look forward to Stevie's interviews with Mimi
Many thanks
Can somebody send this interview to president Marcos, congresswoman Quimbo, senator Zubiri and cohort!
Many thanks
I like insightful stevie's takes. Always make sense to me.
many thanks
Mr. Stevie "Wonder" Cuunjieng and Me. Aswath Damodaran are my favorites in YT!
Thanks
Sir Stephen just want to ask- if it's suspended, where is the P75B now?? Can they return it for the meantime that it is not yet 100% final because-- it might end up in the hands of the "corrupt".. What do you think?? Just an opinion 🤓 thanks Sir! hope this country has million minds like yours sir.. God bless😊
many thanks. right now the capital stays unless the government returns it
Thank you for the guidance and humility on the side of working it well for the awareness and proper implementation.
@@rosaliabonayog0001 thanks!
@@rosaliabonayog0001 many thanks
This is a very insightful discussion concerning investment management sir Stevie. I am convinced that with your qualifications you'll be a very good and highly capable advisor in fund management not for MIF but for my startup company under fast agreement 😅
Many thanks
Kudos to you sir very easy to understand why in a hurry to transfer the whole fund of dbp l and land bank when you can withdraw what is only needed its smells fishy
thanks
Thanks for this episode. Super educational. Your resource person is truly an investment expert who should have been consulted by legislators with hardly a working knowledge of investment funds operations and management.
Many thanks
I think lawmakers in the Phiippines need more knowlege, training, expertise in the field of finance for the country. Knowledge is power, wisdom is the principal thing.
What I'm understanding in this interview is that the money invested by dbp and land bank just sits there in the maharlika investment fund. The money is not moving which is a bad thing?
Bad thing daw talaga dahil in the meantime kikita pa sana yon kung andoon pa sa mga respective banks kaysa naka park lang sa Mif.
yes right now the money is unproductive while if it stayed at DBP and LBP it would support loans
Yes and no. Yes, it will not make money since they havent setup the fund yet and those funds will sleep during that time. And no since the main point of discussion is that DBP and Landbank will be crippled as far as its lending operations is concerned since a portion of its equity will be allocated to the Maharlika fund. So even if the prefunding issue is addressed (issue 1), the issue of the crippled capital of these two banks still remain. Bottomline, they rushed this without thinking. Hilaw na hilaw kasi siguro marami may gustong sumawsaw.
@@Tupsx57 separate but relevant issues hence my comment to look comprehensively
@@scuunjieng not only it's unproductive but also it continuously lose its value due to inflation.
i m fan of Stephen Cuunjieng i agree on him
Thanks
This guy explained so much good compared to cong. Quimbo... of course they wont bring up because they think di nman nila pera yan.. that's all about it.🤦🤗
many thanks
More of Stevie!
Many thanks
This unbiased intelligent opinion is what our country need!
Many thanks
Unfortunately Stevie, common sense and imagination are very expensive commodities 😅
perhaps so. many thanks
I'm always impressed! Always have him come back!!!
Thanks
The brightest people in all professions are not in the government.
Very good analysis! Fully agree! I came from UP Diliman, DLSU MBA and FEU LAW. Plus 35 years with the Top Four Intl. bank.
I saw when the derivatives market ( worthless mortgage papers) were converted into commercial papers, and saw it imploding in less than five years.
Kaboom! The 2008 global financial meltdown, due to myopic visionaries, designers of the derivative product. A complete disaster, engineered by the bright boys in the banking industry. A hard pill to swallow, a humbling experience, even a haphazard criminal act, which the FEDS missed to scrutinize...... So there... 1929. 1997. 2008. Need another one??
Thanks
boss gamitin ko to sa essay pang closing. SALAMAT LAB U
btw,
tru dat those were loans where they restructured into another loan product enabling people to get mortgages amidst incapacity. fotaaa
@@g-up7550many thanks. Not sure what you are asking in the last part
Maybe this man should go to Malacañang for him to INTRODUCE HIMSELF THAT HE IS CAPABLE TO
RUN THE MF PERFECTLY.....
Thanks but no I am not!
Nice simple way of explaining.
many thanks
Good thinking Sir Stevie , natawa ako sa monalisa.
Salamat
Not unprecedented but feels this way given the scale of this initiative. Thanks for speaking your mind and the heart behind this (something that also should be commended) Sir Stevie. Btw, win on the Mona Lisa song reference.
Many thanks
My learnings for today: (1) equity investment is not tier 1 capital for banks. (2) there is opportunity cost for banks if depositor money does not earn (3) debt is given higher rating than equity with regard to capital requirements (4) reserve requirement is at least 10% (75B of 750B). Hope my understanding is correct.
Sorry it isn’t correct. Equity is tier 1 but if allocated somewhere else like Maharlika then it is allocated so can’t be uses to be tier 1 buffer for loans. Debt is lower rated for bank capital and it has to meet certain criteria to get some capital treatment. That is why the bank has to be careful is making equity investments versus the usual loans which are debts. Reserve requirements for loans have a range depending on whether performing or not and so on, but for overall tier 1 capital for the bank itself it needs to usually be about 10%. Thank you for your kind interest.
@@scuunjieng thank you sir!!!
They cannot recruit good representation of intelligent people because these same people will have the same prognosis - the fund is an exercise in futility. Govt has no excess funds to use.
I think someone watched your old clip on this. I hope you speak more on this on your other platforms.
Thanks
So you mean, setting up Maharlika investment fund must be set-up as "barrowed" so that the Tier 1 whatever it is will not be directly contributing to the fund as an equity because it will affect the capacity of the bank to support loans upto750million? (is this correct?) will not that affect the Maharlika investment decisions if the DBP and Land bank of the Philippines have no direct control over this investment fund as an equity owner?
thanks. they are two separate but relevant issues
Well the Tier 1 capital issue was brought up on X ( twitter) quite a lot. Many analyst did and even tagged BsP and congress. So they know but just decided to turn a blind eye
My fault for not being on X
@@scuunjieng 😳😳😳 sorry sorry but the comment is directed to the govt not you 🙏🙏🙏
@@scuunjieng bytheway if this is a real account. Ur actually my fav here in anc always looking forward to your insights 😍 big fan!
Many thanks
great insight
many thanks
Great amendment proposels, including the note on the Indonesisn govt being the biggest shateholder but being a minority in the INA sovereign development fund making it clear that investors into INA will bot have a governance problem
But actually Fitch was the first to say it on April 18 - that DBP and LBP capital adequacy would become problematic :-)
Many Thanks
such a witty informative interview…
Many thanks
Whenever i hear mr. stevie talk about the Philippines I feel so much better. thank you sir! 🎉🎉🎉
Many thanks
good take🙂
Thanks
Thank you sir. "Occam's razor" classic.
many thanks
100% on point.
Deeply appreciated
Hallelujah! Common sense!
Many thanks
Oh wow, feels like a time travel back to my college years. My enthusiasm for learning has been triggered 😊. I'm all ears. You need to have a full show Sir. Btw, you sounded like my mentor, Mr. William or WRCU (same surname), don't know if you're related. All the best, Mr. Stephen.
Thanks. Yes he is my uncle
Crystal clear......
Many thanks
So can't they return the money for now?
many thanks
I agree with you Sir on your narratives, I believed you're more knowledgeable than those in the current government economic managers, but in your previous interviews with a foreign media where you belittle local working filipinos capabilities weak working performances, I disagree with your perceptions.
you are of course most welcome to disagree with me
Hi stevie i am your fan
Deeply appreciated
Sir Steve you're really retired now? As you said, you're too old for the job but you look like younger than the common retirees. 😅
You're insights is always the Best Sir Steven but may I request for a more lighter explanation so it will be inclusive for everyone watching the show. Sometimes i got lost with the terms you used which I'm not familiar.😢
Mas maigi po sana kung on Filipino language kaso english channel po kasi ng anc. Tingin ko po your insights will be more louder if we can understand it correctly. If it is going to be louder and louder you will gain traction from media outlets and our government to listen to you 🤗
many thanks and sorry about the technical terms will do my best to be more cognizant of that
Sir stevie ilan taon na po kayo? 😅
@@nosjah005 64
Brilliant.
Thanks
Would Mr. Cuunjieng still favourably recommend pursuing a Maharlika Investment Fund that is apparently bound to fail right from the start since, actually, surplus funds which is supposed to start it up are non-existent?
Halatang hindi mo naintindihan mga sinabi nya 😂😂😂 nagmamaru ka pa dyan manahimik ka nalang
I said it depends on the various aspects I raised
@@johnnyrichy Sorry po, Sir, kung di ko napantayan ang katalinuhan mo. Pero, di Naman siguro masamang magtanong.
@@MootaBae-jo9embaka Sabihin Nyan npa ka😂
Stevienomics book perhaps
Thanks!
Simula palang natawa na ako don sa pagturn over daw ng fund ng lbp at dbp 75 B. Kahit sinong mahina ang ulo, mag iisip, anong gagawin ng ganong kalaking pera don, e di pa nga nagstart?😂😂😂😂
Thanks
I hope President Marcos would have time to watch this. These are important points missed out due to people holding very delicate positions but don't have the necessary credibility & experience, much more the expertise to oversee such heavy responsibilities. We could have gotten that blind side and suffered the severe consequences. 'Positive you are Always up to the Pinas best economic position. 'Always appreciative of people like you, doing their social responsibilities seriously.
Deeply appreciated
Calling all those "supporters-to-death" loyalists, Benjamin JOKEno, to listen to this.
Thanks
Diokno isnt stupid. But but but… the interests of the powers that be always take precedence over national interest.
@@onlinesignsanddisplays3484 nobody said he is, IN THE FIRST PLACE. but having listened to the opinions made by mr. cuunjieng, i agree more to the man than to the position of mr. diokno. his words on where MIF is focused as per their plan should be considered. never disagree to your "interests of the powers that be", you said it perfectly.
btw, out of the topic, how come mr diokno have not expressed any single disagreement on the mup's pensions when he was in another position in the past administration but is now raising howls as he now worries about the most-likely deficits in the budget. Just MAKES ME THINK why. personally, i don't agree with the current full government subsidy on these pensions. the philippines have other government workers - teachers, nurses, doctors, who else - who are all contributing for their future pensions.
@@poreyndyerpinoy well you did call him a joke. :) that aside, its all politics. Nothing is beneath them.
@@onlinesignsanddisplays3484 true that, but those are just coined names of the famous. and seriously, and look at it yourself, bbmj's suspending the implementation of the mif should contain your guy's involvement ie they could have look at their "irr's" much better. although my opinion that is more of "the polite way" of saying pag-aralan natin ulit from the government.
The Romualdez-Araneta Administration is Incompetent
why isnt this guy in the office for managing funds? well its a sh*t show to start, why get into something na puro pacute lang. kudos to this guy. really knows what he's saying
Thanks
Good thing on suspension.
Your discourse gives credence to the idiocy of the rah rah boys in gov't. Hope there's more of your tribe to set things straight.
Thanks
I really hope the right people will be appointed. also agree with the equity being shelled out by DBP & LB all at once? not even staggered? I hope there's no malicious intent.
I hope the right people are appointed. I'm sure matalino mga professor or government posts. Pero iba parin private sectors iba yung practice sa theory
always good insights from boss stevie
Many thanks
13:50 💩😂 telling it like it really is. made my day. salamat po.
many thanks
Repealing the law is the best approach
Mas madali na mgpivot kahit mapostpone since it is a law now, rather than take years to make a perfect plan then Hindi n ma passed as a law
Paano na Yung investment ko
Never enough time for these insights, can we just have him do a daily show with him instead mimi.
Many thanks but a lot of the success is Mimi’s excellent interviewing skill and preparation.
Too bad that the BBM admin ,did not consult you and other ''instant '' economic experts and grandstanding opposition politicians [pimentel ,et al.].. And where are the economic experts of the administration.. But the saving grace for BBM is that he listens to the concern of people /economic experts to suspend the Maharlika Fund..
many thanks
Same sa price cap sa rice
as I heard sen. Pimentel issue is about the legality of maharlika investment funds, he is a lawyer / senator and not an "instant economic expert" as what you have branded him. ✌️🙏👍
@@jellmaker9941 I did not brand him as that
@@scuunjiengmy reply is not for you Sir, its for the guy above who make that commitment! ✌️🙏👍
It seem stheir mind is far trom that negative aspect they may be thinking ow things will ger better in the long run if they still can run somewhere if they will be welcome maybe in cayman island
Everybody is given his/her opinion. This was how long he provided his opinion. Just wait....
This man's wisdom. Omg. Goosebumps.
Many thanks
👏👏👏
Many thanks
Mona Lisa Capital😂😂. Stephen ever brilliant.
many thanks
Secretary of Finance Diokno and BBM's economic managers should RESIGN NOW !
The lowest cost of capital for the government is to issue government bonds ... if the project is not viable even with the least cost of capital ... how should it be funded otherwise ? ... therein lies the moral hazard of central planners who believe they know what is best. Someone has to foot the bill ... there is no such thing as a free lunch.
If the project is not viable with even the least cost of capital ... the better question I think is ... should it be funded in the first place ? If the answer is yes like it will bring more economic prosperity to the country, then it's the proponent's job to sell the project so that it can be funded with the least cost of capital. Circumventing that process will just create a moral hazard of capital not being properly allocated.
Does it mean, govt managers like sec diokno does not know what their doing? He should not be in that position!
Mint.
Thanks if you mean what I think as being 64 I am not sure
LOL. You are spot on again Sir, as usual. As sure as they should have booked the funds as debt. @@scuunjieng
@@jaymorales3078 many thanks