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The President in Action
PTVPhilippines
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2/3/2025
The President in Action
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Display full video transcript
00:00
President Ferdinand R. Marcos Jr. held an active six-week meeting last week.
00:05
Let's go back to the story of Kenneth Paciente of PTV.
00:11
President Ferdinand R. Marcos Jr. signed a binding term sheet
00:16
between Synergy Grid and Development Philippines, Inc. and Maharlika Investment Corporation.
00:22
The agreement is that the M.I.C. will get 20% of the S.G.P. by the government
00:29
to have a share in National Grid Corporation of the Philippines or NGCP.
00:34
The M.I.C., which is responsible for governing the Sovereign Wealth Fund of the Philippines,
00:39
will invest in the preferred shares of the S.G.P. which have 40.2% ownership of the NGCP.
00:46
The two board seats in the M.I.C., S.G.P. and NGCP will be given in accordance with the agreement.
00:52
According to the M.I.C., this investment is to protect the supply of national electricity
00:57
and the continuous existence of reliable and affordable electricity for each Filipino.
01:03
On Tuesday, the President helped the Department of National Defense and other Cabinet members
01:08
as well as the Department of Finance, Department of Budget and Management,
01:12
Presidential Communications Office, Special Assistant to the President for Investment and Economic Affairs,
01:18
Frederick Goh, and other government officials.
01:21
The Executive Board of the JobStreetCareerCon 2025 also attended
01:25
and opened thousands of job opportunities for Filipinos on the day of the Chinese New Year.
01:31
At the same time, the President also stated that such initiatives are only part of the assistance
01:37
of the government and private sector to lower the unemployment rate in the country.
01:43
On Thursday, the President held a series of activities in the province of Cebu.
01:48
As part of the 20th National Convention of Lawyers organized by the Integrated Bar of the Philippines,
01:54
the Executive Board assigned the important role of legal professionals
01:58
in strengthening the justice system in the country.
02:02
He also assigned the responsibility of these people to be fair and adapt to the changing times.
02:08
The Executive Board also participated in the gathering led by all the governors in Visayas.
02:13
The President emphasized the importance of the assistance of the local and national government for the development.
02:19
Again, the Chief Executive assigned the commitment of the government
02:23
to support the major infrastructure projects in the province of Cebu
02:27
to strengthen connectivity as well as economic activities in the area.
02:32
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 many passengers as well as cargo.
02:50
The President 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 from the outgoing United Nations Resident Coordinator
03:15
and Humanitarian Coordinator in the Philippines, Gustavo Gonzalez.
03:19
The President acknowledged Gonzalez's contributions to strengthen the relationship between the Philippines and the UN,
03:25
especially in the face of the COVID-19 pandemic and its support to the Moro Autonomous Region in Muslim Mindanao.
03:32
The President also greeted more than 600 graduates of the Development Academy of the Philippines
03:38
while asking them to be the pioneers in transparency and good service for the well-being of the people.
03:47
He also encouraged them to join the government for faster services,
03:52
opening the red tape and improving the bureaucratic processes.
03:56
The Philippine Federal Party was once again helped by the Executive Board
04:01
before the formal start of the campaign period for the 2025 City Council.
04:06
As the National Chairman of the party, the President again reminded the members of the PFP
04:11
to remain focused on the goal of bringing change to the country and to the lives of Filipinos.
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4:11
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