The Manila Times News Prime | July 23, 2025 - video Dailymotion

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Transcript

00:00good evening i'm michael ang and you're watching the manila times news prime let's dive straight

00:27into today's biggest stories the trade agreement between president ferdinand marcos jr and u.s

00:33president donald trump on tuesday local time following washington's proposal to slap a 20

00:39tariff on philippine goods drew mixed reactions from various sectors in a joint press conference

00:46the u.s leader announced that there would be zero tariff on some u.s goods while agreeing to a one

00:52percent reduction in the 20 tariff on philippine products or 19 washington dc-based lawyer arnedo

00:59valera an international law expert and longtime advocate of filipino migrant communities told

01:06the manila times in an interview that the philippines appeared to concede more than it gained

01:11citing the absence of new trade deals preferential access or innovation partnerships the federation of

01:18free workers or ffw said the administration should focus on sectoral trade deals in semiconductors and

01:25electronics and the real gains for workers a sand plus three macroeconomic research office amro

01:33group head and principal economist alan nang said the direct impact of the u.s tariff cut was limited

01:39given the domestic driven nature of the economy but broader implications of global trade tensions

01:46in a slowdown in global activity could weigh on the philippine exports and investment appetite in

01:52other news seven people are dead seven are injured and eight are missing due to the effects of the

01:57southwest monsoon and tropical storm preceding that past according to the this according to the national

02:04disaster risk reduction management council or ndrrmc most of the death toll are coming from indanao

02:10while those missing are from rizal and the rest of the national capital region

02:14the philippine national police or pnp has also reported that the death toll due to inclement weather

02:21by their count has risen to 12 as of today the weather disturbance has affected over 1.9 million

02:28individuals with 21 000 families inside evacuation centers and another 21 000 outside of evacuation centers

02:37there are currently 732 evacuation centers all over the country

02:42the ndrrmc also reported a total of 4 billion pesos worth of infrastructure damages and 217.5 million

02:52pesos worth of agricultural damages which were due to the southwest monsoon and tropical storm

02:59on another story sss to issue revised guidelines on calamity loan program to help increasing affected members

03:07the social security system or sss announced on wednesday that it would be issuing a revised calamity

03:14loan program or clp guidelines to help members in areas declared under state of calamity due to various

03:21natural disasters including severe tropical storm christine sss president and chief executive officer robert

03:29joseph de claro said in a statement emailed to the manila times that the agency was set to reduce the

03:35interest rates for calamity loans to seven percent per annum from the current rate of ten percent

03:42the sss said the revised guidelines have been liberalized to allow calamity loan renewal after six

03:48months provided that the existing clp is not past due in a bid to further enhance financial assistance to its

03:55members under the revised clp guidelines the sss chief explained that the activation process will be

04:02streamlined for only seven working days from the calamity event date for the weather update storm

04:10emong triggers class work suspensions across luzon and visayas government urges public to stay alert as

04:17rainfall warnings are raised in several provinces the department of interior and local government or dilg

04:23announced the suspension of classes and government work in at least 32 provinces and metropolitan areas

04:30as tropical depression emong developed northwest of the country and began moving southwest among the

04:37provinces included are nueva vizcaya ifugao mountain province nueva esija quezon oriental mindoro palawan

04:47marinduque sorsogon romblon masbate albay camarines sur katanduanes antike iloilo pangasinan benguet tarlac pampanga

04:58bulacan metro manila batangas laguna grizzal cavite cagayan ilocos norte ilocos sur abra kalinga and apayaw

05:09the advisory also said the heaviest rains are expected in zambales bataan and occidental guindoro and

05:18for news overseas u.s president donald trump accuses former president barack obama of treason and called

05:25for his prosecution obama's democrat administration allegedly manipulated information on russia's

05:32interference in the 2016 elections director of national intelligence tulsi gabbard sent criminal

05:40referrals to the department of justice that asserted obama's officials involvement in the conspiracy

05:46obama spokesman patrick rodenbush denied the allegations the report further says the russian

05:53intelligence assault on the integrity of the 2016 u.s elections represents a grave threat to american

05:59national security that's it for now thanks for spending your evening with us for more news and

06:04information visit the manilatimes.net read the manil times on print subscribe to its digital edition

06:11or log on to www.manilatimes.net follow us on facebook instagram x tiktok and linkedin and be

06:20part of our communities on viber telegram and mastodon i'm michael ang and you've been watching

06:26the manilatimes news prime stay informed and we'll catch you here same time tomorrow good night

06:56the manilatimes.net

The Manila Times News Prime | July 23, 2025

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