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The President in Action
PTVPhilippines
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2/1/2025
The President in Action
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Transcript
Display full video transcript
00:00
The activities of President Ferdinand R. Marcos Jr. this week were very active.
00:05
Let's go back to the story of Kenneth Paciente.
00:12
On Monday, President Ferdinand R. Marcos Jr. signed the Binding Term Sheet between
00:18
Synergy Grid and Development Philippines, Inc. and Maharlika Investment Corporation.
00:23
The agreement is that the M.I.C. will get 20% of the S.G.P. by the government
00:31
to have a share in the National Grid Corporation of the Philippines or NGCP.
00:35
The M.I.C., which is responsible for governing the Sovereign Wealth Fund of the Philippines,
00:40
will invest in the preferred shares of the S.G.P. which have 40.2% ownership of the NGCP.
00:47
The two board seats in the M.I.C., S.G.P. and NGCP are also included in the agreement.
00:53
According to the M.I.C., this investment is to protect the supply of electricity to the country
00:58
and to have reliable and affordable electricity for each Filipino.
01:04
On Tuesday, the President helped the Department of National Defense and other Cabinet members
01:09
as well as the Department of Finance, Department of Budget and Management,
01:13
Presidential Communications Office, Special Assistant to the President for Investment and Economic Affairs,
01:19
Frederick Goh, and other government officials.
01:22
The Executive Board of JobStreetCareerCon 2025 also attended
01:26
and opened thousands of job opportunities for Filipinos on the day of the Chinese New Year.
01:32
On the occasion, the President also stated that such initiatives
01:36
are just part of the assistance of the government and private sector
01:40
to lower the unemployment rate in the country.
01:44
On Thursday, a series of activities were held by the President in the province of Cebu,
01:48
including the 20th National Convention of Lawyers
01:52
organized by the Integrated Bar of the Philippines.
01:55
The Executive Board of JobStreetCareerCon pointed out the important role of legal professionals
01:59
in strengthening the justice system in the country.
02:02
The Executive Board of JobStreetCareerCon also gave their responsibility
02:05
to be fair and adapt to the changing times.
02:08
The Executive Board of JobStreetCareerCon also agreed to the meeting of all the governors in Visayas.
02:14
The President emphasized the importance of the assistance of the local and national governments for the development.
02:20
The Chief Executive also reiterated the government's commitment
02:24
to support the major infrastructure projects in the province of Cebu
02:28
to strengthen connectivity as well as economic activities in the area.
02:33
The President also led the inauguration of the Mactan-Cebu International Airport Parallel Runway in Lapu-Lapu City.
02:39
According to the President, the 2.56-kilometer infrastructure project was designed
02:44
to meet the increasing traffic demand and accommodate the large number of passengers as well as the cargo.
02:50
The President also added that this project is part of a broader vision to improve the infrastructure in the country.
02:57
He also led the meeting with the Regional Development Council of Central Visayas.
03:02
This is where the main infrastructure initiatives related to transportation and urban connectivity are discussed.
03:09
This Friday, the President received a farewell call
03:13
from the outgoing United Nations Resident Coordinator and Humanitarian Coordinator in the Philippines,
03:18
Gustavo Gonzales.
03:20
The President acknowledged Gonzales' contributions to strengthen the relationship between the Philippines and the UN,
03:26
especially in the wake of the COVID-19 pandemic, and its support to the Moro Autonomous Region in Muslim Mindanao.
03:33
The President also greeted more than 600 graduates of the Development Academy of the Philippines
03:39
and asked them to be the pioneers in transparency and good service for the betterment of the people.
03:48
He also asked them to join the government for faster services,
03:53
open the red tape, and improve the bureaucratic processes.
03:57
The Philippine Federal Party was once again helped by the Executive Board
04:01
before the formal start of the campaign period for Hato Nang Bayan 2025.
04:06
As the National Chairman of the party, the President once again reminded the members of the PFP
04:12
to remain focused on the goal of bringing change to the country and the lives of Filipinos.
04:19
Kenneth Paciente
04:21
for Pambansang TV in Bago, Philippines.
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