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- 13 hours ago
What happens next for North Cebu’s economic future?
Cebu Vice Governor Glenn Anthony Soco is pushing for a comprehensive master plan for the proposed North Cebu Economic Zone (NCEZ) to attract investors, spur industrial growth, and create more jobs in the northern part of the province.
How can the proposed economic zone unlock new opportunities for northern Cebu? What needs to be in place to turn this vision into reality?
Join us on Beyond the Headlines as Vice Governor Glenn Soco discusses the proposed NCEZ and its potential to shape Cebu’s economic future.
Look Deeper. Think Better.
Cebu Vice Governor Glenn Anthony Soco is pushing for a comprehensive master plan for the proposed North Cebu Economic Zone (NCEZ) to attract investors, spur industrial growth, and create more jobs in the northern part of the province.
How can the proposed economic zone unlock new opportunities for northern Cebu? What needs to be in place to turn this vision into reality?
Join us on Beyond the Headlines as Vice Governor Glenn Soco discusses the proposed NCEZ and its potential to shape Cebu’s economic future.
Look Deeper. Think Better.
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NewsTranscript
01:11What if the next major economic growth center of Cebu is built in the North?
01:18Good afternoon. Welcome to Beyond the Headlines. I'm DJ Moises and today's conversation is brought to us by Coffee First.
01:25For decades, Cebu has been a major engine of economic activity in the Visayas.
01:32But as we look toward the future, an important question emerges. How do we spread that growth, attract new investment,
01:41and create opportunities for communities beyond Metro Cebu?
01:46One proposal now gaining ground is the North Cebu economic zone. Let's look deeper and think better.
01:54Joining us today is Cebu Vice Governor Glenn Soko to discuss the vision for Northern Cebu and what it will
02:01take to turn that vision into tangible economic opportunities for Saboana.
02:05Hello, Vice Governor Glenn. Welcome back to Beyond the Headlines.
02:08Hi, DJ. Thank you again. Thank you for having me. And it's always a privilege and an honor to be
02:13part of your program.
02:14And happy birthday.
02:19So, the moment we heard about this development, at least in the business sector, it's one of the future states
02:28that we are also excited about.
02:32So, for the viewers who have not heard so much about the North Cebu economic zone, maybe you can tell
02:41us more about what it is.
02:42Well, let me start, DJ, by saying that we need to grow our economy.
02:51In layman's terms, we will be able to grow our economy so that it will provide more opportunities and jobs
02:59for our people who are going to grow our economy.
03:04As an island economy, Cebu has always been known as a trading and a transshipment hub in the Visayas and
03:15Mindanao.
03:18So, I took note of several figures that came out, one of which is from the Philippine Statistics Office, that
03:30measured the growth of Cebu for 2024 and 2025 to be at 2.7 percent, lower than the national average
03:42of 7 percent.
03:44Before, in 2023-2022, correct me if I'm wrong with my figures, we were growing at more than 8 percent,
03:53higher than the national average.
03:56And then, parallelly, inflation is also rising at its highest actually for Cebu and the central Visayas at 7 percent,
04:138 percent or even 10 percent, the latest figures.
04:16So, it made me wonder, how do we position Cebu to really expand its economy?
04:26Now, I had a discussion with Secretary Frederico when he came here.
04:30He's a Cebuano.
04:31He came here during the Mandawi Business Month Forum sometime a few months ago.
04:39And then, he mentioned to me that, Glenn, you know, you need to get your act together.
04:45You need to really come up with something solid because Luzon, with its vision and the tangible development happening now,
05:05So, they coined it as the Luzon Economic Corridor would corner 80 percent of the logistical market.
05:13So, the Luzon Economic Corridor,
05:16muna siya muna-consolidate or muna-connect sa areas outside of Metro Manila and even greater Metro Manila.
05:26So, you're talking about provinces of Laguna, Clarke, Batangas, Cavite, even Bataan,
05:34which has an economic zone and a free port.
05:39So, I said to myself,
05:42you know, I look at Cebu as an island economy.
05:47Actually, the entire economy of Cebu is about 1.3 trillion.
05:51That includes the tri-cities of Cebu, Mandawi, and Lapu-Lapu.
05:56But you take, you call out Cebu province economy lang as a province,
06:01it's only about 440 billion pesos.
06:05So, I have a report here from the Philippines Statistics Authority,
06:13the 2024 data.
06:14It ranks Cebu number 6 among 10 province economies.
06:22So, first is Laguna, Cavite, Batangas, Bulacan, Pampanga.
06:27Then you have Pangasinan after Cebu, Rizal, Nuevo Siya, and Bataan.
06:31Number 10 is Bataan with 300.61 billion.
06:35Cebu is 441.14 billion.
06:39It's not too far away that the 10th spot Bataan would overtake Cebu
06:44given this trust of the national government and Luzon
06:51to develop the Luzon Economic Corridor.
06:57So, kadagahanan yun,
06:59huwag mo gawasta when we go to other countries
07:01or when we talk to investors,
07:03one of the questions they'll ask,
07:05do you have the land?
07:07Now, the challenges of Cebu as an island
07:11is that we are an elongated island.
07:14From north to south is about 4 hours to 5 hours.
07:19That's about 235 kilometers.
07:21From west to east, that's about 45 kilometers.
07:25That's only about 45 minutes
07:26if you drive it through the Transcentral Highway.
07:3070% of the land is mountainous.
07:34Only 30% is developable
07:37and coastal, predominantly coastal areas.
07:41Of the 70%, which is mountainous,
07:4450% of that roughly is protected area.
07:50So, it leads us to the north
07:57because the north has huge tracts of land
08:00which is flat,
08:02which can be master planned,
08:03and which can be developed.
08:05So, the concept is really
08:07we build a Metro Cebu outside of Metro Cebu.
08:12We create an economic center
08:14outside of the existing economic center
08:19which we can master plan.
08:22All the problems that we have
08:24understood happening here
08:27in our metro area,
08:29it's not going to be able to
08:31be able to
08:31in the new development.
08:35Now, the north
08:38with Bogo, Middilin,
08:42Daan Bantayan,
08:43San Romeo,
08:44and probably portions of Tabugon,
08:48you can accommodate
08:49or consolidate about
08:50mga 3,000 hectares siguro there.
08:53Roughly.
08:54I mean, based on my studies.
08:57And the usual requirement
08:58for a development like this
09:00is for land area?
09:02Well, the bigger,
09:03the better.
09:05You know,
09:07Secretary Goh
09:08has mentioned about
09:08Paxilica.
09:10You know,
09:10Paxilica is 1,600 hectare development.
09:14Flat
09:16and well-supported.
09:18So,
09:19if we intend to bring
09:21new technologies here,
09:22new businesses,
09:24an investment of that size
09:26as a man-taog land
09:28which is
09:29at least 1,000 hectares.
09:32Now,
09:33there are two ways to do it.
09:34based on my research
09:36that it can be
09:38a government-led
09:40of course,
09:41government is needed
09:42in terms of policies,
09:44in terms of direction,
09:46in terms of application
09:48of resources.
09:49We are still,
09:49by the way,
09:50the richest province
09:50in the entire country.
09:53It can also be
09:54a private sector-led
09:57development.
09:58Similar to what is happening
09:59in the north,
10:01in Luzon.
10:02Because in Luzon,
10:04you have developments
10:05in Laguna
10:06like Nuvali.
10:07You have the
10:08Clark Development
10:10Zone
10:11or Development Authority.
10:13You have Subic.
10:14These are all
10:15private-initiated
10:16developments.
10:17Of course,
10:18in cooperation
10:18with government.
10:20So,
10:21mota na siya
10:22mo yung mahitabo
10:22yung diha sa
10:24north.
10:25Now,
10:27in the past,
10:29this is nothing
10:30new to
10:32Cebu.
10:33because if you look
10:35at the Balamban
10:35model,
10:36the West
10:36industrial model,
10:38you created
10:41an industry
10:43there
10:43in the West,
10:46which is the
10:46catalyst of growth
10:47in that area.
10:50There is a
10:51metro area.
10:52You have a
10:52development like
10:53Makta Newtown
10:54without necessarily
10:55endorsing the
10:56development.
10:57I know you were
10:58avoiding it.
11:00But that
11:01Newtown concept
11:02should be
11:03what we should
11:04do in the
11:05north.
11:06So,
11:07it should be
11:07a live-work-play
11:10development.
11:11So,
11:12if you work
11:13here,
11:14you go to
11:18church there,
11:20you have
11:20hospital services
11:21there.
11:23Recreation.
11:24Yes,
11:25and if there's
11:26a need to
11:27come to the
11:27city,
11:28it would not
11:28be as
11:30necessary
11:31as much
11:32as possible.
11:33that is
11:35really in a
11:35nutshell
11:35what this
11:37North Cebu
11:39Economic Zone
11:40envisions
11:42and
11:43because we
11:44are targeting
11:45high-value
11:46manufacturing
11:47and new
11:48technologies,
11:49new investments,
11:51digital technology,
11:52AI if possible.
11:56I would push
11:58that it will
11:58be complemented
11:59by a
11:59free port
12:01because
12:01no free
12:02port here
12:03in Visayas
12:06and Mindanao.
12:07In Luzon,
12:08there are already
12:08a couple of
12:09free ports.
12:09ports and
12:11Cebu as
12:12strategically
12:14located as
12:15it is
12:15and its
12:17history as
12:18a transshipment
12:19hub with
12:21its own
12:21self-governing
12:23authority,
12:23which is the
12:24Cebu
12:24Ports
12:25Authority,
12:26and its
12:27local
12:28customs and
12:29other support
12:30government
12:30services,
12:31can very
12:32well
12:34host a
12:35free port.
12:37What you've
12:38mentioned
12:39are among
12:40the many
12:40reasons
12:40that
12:41at least
12:42the people
12:42within my
12:43circle
12:43are excited
12:44about this
12:45because
12:45actually
12:46is miles.
12:47They say
12:48it's
12:48125 miles
12:50north to
12:51south
12:51and then
12:5325 miles
12:55east to
12:56west.
12:57So
12:57one of
12:59the factors
12:59that
13:01development
13:02is pushing
13:02towards the
13:03mountain,
13:04and thank
13:04you for
13:04saying
13:0570%
13:06because
13:07congested
13:09area
13:09within
13:10Metro
13:10Cebu.
13:11That's
13:12why
13:12SACA
13:12is.
13:13The
13:13ideal
13:14movement,
13:15I would
13:15agree
13:15with you,
13:16is really
13:16to move
13:17to the
13:17north
13:17or move
13:18to the
13:19south.
13:19That's
13:19why
13:19this
13:20type
13:20of
13:20development
13:20is
13:21really
13:21welcome.
13:22Well,
13:22this is
13:23not just
13:24talking
13:24about
13:24the
13:24north.
13:26It's
13:26about
13:27developing
13:27economic
13:29centers
13:29outside
13:30of the
13:30existing
13:31economic
13:32center,
13:32outside
13:32of the
13:33Metro
13:33Cebu
13:33area.
13:34If
13:34there is
13:35a
13:35development
13:35similar
13:36in the
13:36south,
13:37then it
13:37is
13:37welcome.
13:38But
13:39the
13:39north
13:42has
13:43the
13:43biggest
13:44potential
13:44because
13:46we can
13:47consolidate
13:49bigger
13:49tracts
13:50of
13:50land
13:50there
13:50which
13:51is
13:51highly
13:52developable.
13:53And
13:53it's
13:54at the
13:54tip
13:54which
13:57we can
13:59capitalize
14:00on the
14:01port
14:01activity.
14:02If
14:03we're
14:03talking
14:03about
14:05national
14:06inter
14:06provincial
14:08port
14:08operations
14:09or maybe
14:10even
14:10international
14:11port
14:11operations
14:12as I
14:12have
14:12pushed
14:13for
14:13the
14:13economic.
14:13So
14:14now
14:14south
14:15if you
14:17look at
14:17the
14:17map
14:17one
14:18third
14:18of
14:19the
14:20land
14:21mass
14:21is
14:22the
14:22south.
14:23We're
14:24talking
14:24about
14:24from
14:25Argao
14:26it cut
14:26across
14:27here
14:27to
14:28Tudumanhug.
14:29The
14:29second
14:30and the
14:31seventh
14:31districts
14:32used to
14:32be the
14:32second
14:32district.
14:33That
14:33is
14:34one
14:34third
14:34of
14:35the
14:35entire
14:35land
14:36mass
14:36of
14:37the
14:37island.
14:38main
14:40economic
14:40drivers
14:41there
14:41are
14:41tourism
14:42activities
14:43and
14:46ecotourism
14:46activities
14:47even
14:48agriculture.
14:49It's
14:50strong
14:50in
14:50agriculture
14:50because
14:51the
14:51vegetable
14:51basket
14:52of
14:52the
14:53provinces
14:53in
14:53the
14:54south
14:54in
14:54Mantalongon.
14:55We have
14:56the
14:56vegetable
14:56highway.
14:57Now
14:58the
14:58south
15:00connects
15:00to
15:00Negros
15:02Island
15:02and
15:03even
15:03other
15:04provinces.
15:05So
15:05the
15:06strength
15:06is
15:07so
15:07it
15:08doesn't
15:08mean
15:08that
15:09if
15:10we
15:10bring
15:10this
15:11kind
15:11of
15:11development
15:12to
15:12the
15:12north
15:12because
15:14we are
15:14still
15:15one
15:15island
15:15economy.
15:17So
15:17let
15:17this
15:19North
15:19Cebu
15:20economic
15:20zone
15:20be
15:21the
15:21catalyst
15:22of
15:22growth
15:22for
15:23the
15:23entire
15:23island
15:24of
15:25Cebu.
15:26And
15:26correct
15:27me
15:27if
15:27I'm
15:27wrong,
15:27but
15:27if
15:28I
15:28captured
15:28what
15:28you
15:29said
15:29correctly,
15:29it's
15:29also
15:30like
15:30a
15:30good
15:31insight
15:32at
15:32least
15:32to
15:33me
15:33because
15:34it
15:34leverages
15:35on
15:35what
15:35the
15:36available
15:36strength
15:37of
15:38the
15:38south
15:39and
15:40also
15:40the
15:41north.
15:41The
15:42north
15:42has
15:42the
15:44potential
15:44for
15:44a
15:45flat
15:45land.
15:46So
15:46I
15:46think
15:46it's
15:47best
15:48suited
15:49for
15:49now
15:49for
15:50it
15:50to
15:50be
15:50developed
15:51somewhere
15:52in
15:52the
15:52north.
15:53So
15:53I've
15:53also
15:54gathered
15:54there's
15:55already
15:55House
15:56Bill
15:576058
15:58that's
15:59proposed
15:59by
16:02Representative
16:03San
16:04Shimura.
16:04So
16:05where
16:05is it
16:05now
16:06also
16:06in
16:07its
16:08passing?
16:09House
16:10Bill
16:106058
16:13establishes
16:15the
16:154th
16:15District
16:16Economic
16:16Zone.
16:18But
16:19if
16:20its
16:21main
16:21focus
16:23or the
16:23area
16:24of
16:24the
16:26it
16:27encompasses
16:28is
16:28predominantly
16:29in the
16:30Middeline
16:31town.
16:33My vision
16:34is to
16:35complement
16:35this
16:36to
16:37expand
16:38because
16:40you have
16:40huge
16:41tracts of
16:41land in
16:42Bugo,
16:42you have
16:43huge
16:43tracts of
16:43land in
16:44San
16:44Romeo,
16:44you have
16:45huge
16:45tracts of
16:45land in
16:46Danmantayan
16:46which
16:47are
16:50sugar
16:54plantations.
16:55and
16:56unfortunately
16:57the sugar
16:58prices in
16:58the world
16:58market
16:59are
16:59down.
16:59In fact,
17:00the sugar
17:03planters
17:03have
17:04leveraged
17:04their
17:05resources,
17:06their
17:06lands.
17:06And
17:09that
17:09has
17:09been
17:10their
17:10claim
17:10or
17:10okay.
17:11But
17:11their
17:12hindrance
17:14is
17:14the
17:15land
17:17in
17:17itself
17:18because
17:19of
17:19certain
17:20government
17:20restrictions
17:21and
17:24I
17:25wrote
17:28to the
17:28provincial
17:29board
17:30and
17:31they
17:32passed
17:32a
17:32resolution
17:33approving
17:34this
17:35vision
17:35because
17:36I
17:37ask
17:38of
17:38them
17:38to
17:40study
17:41all
17:42possibilities
17:43which
17:43are
17:43embedded
17:44in
17:44the
17:44local
17:44government
17:45code
17:45and
17:45all
17:45other
17:46pertinent
17:46laws
17:46that
17:47move
17:49as a
17:51province
17:53without
17:54necessarily
17:54being
17:57entangled
17:58with
17:58national
17:59government
18:00bureaucracies.
18:02Taking
18:03note
18:03from
18:03what
18:03si
18:04Secretary
18:04Go
18:04has
18:05told
18:05me
18:06Glenn
18:06you
18:07need
18:07to
18:07get
18:07your
18:08act
18:08together
18:08because
18:09this
18:09is
18:09already
18:10happening
18:10in
18:10Luzon.
18:12So
18:14I'm
18:15happy
18:15that
18:15the
18:16provincial
18:16board
18:17has
18:17supported
18:17this
18:17idea
18:18and
18:19in
18:19fact
18:19I
18:20am
18:21writing
18:22also
18:22to
18:22the
18:23governor
18:23as
18:23chairman
18:24of
18:24the
18:24regional
18:24development
18:24council
18:25and
18:25as
18:26governor
18:26of
18:27the
18:27province
18:27of
18:27Cebu
18:28consider
18:28the
18:31proposal
18:32so
18:33if
18:34we
18:34get
18:36everybody
18:36on
18:37board
18:37we
18:38look
18:38at
18:38the
18:38north
18:39and
18:40sooner
18:40or
18:40later
18:41when
18:41we
18:41will
18:42talk
18:42to
18:42investors
18:43then
18:43we
18:43can
18:43say
18:44okay
18:44you
18:46have
18:46big
18:47developers
18:47and
18:47I
18:48wouldn't
18:48need
18:48to
18:48mention
18:48how
18:50much
18:51of
18:51a
18:51land
18:51you
18:52know
18:52when
18:52we
18:52went
18:52to
18:54Fujian
18:55DJ
18:55in
18:56one
18:56of
18:56the
18:56trade
18:56missions
18:57there
18:58was
18:58a
18:59proposal
19:00for
19:01it
19:01was
19:02called
19:02the
19:02Twin
19:02Cities
19:05Exchange
19:05so
19:06it
19:07was
19:07an
19:07agreement
19:07signed
19:08by
19:08both
19:09presidents
19:11President
19:12Bongbong
19:13Marcos
19:13and
19:15Prime
19:16Minister
19:16Xi
19:17Jinping
19:18that
19:19was
19:19carried
19:19over
19:20from
19:20the
19:20previous
19:20administration
19:21of
19:21former
19:22President
19:22Rodrigo
19:23Duterte
19:23which
19:25establishes
19:26exchange
19:29companies
19:30from
19:30Fujian
19:31will
19:31set up
19:31here
19:32in the
19:32Philippines
19:32and
19:33companies
19:33here
19:34in the
19:34Philippines
19:34will
19:34also
19:34set up
19:35there
19:35in
19:35Fujian
19:36they
19:36are
19:36asking
19:37for
19:37at
19:37least
19:37100
19:37hectares
19:38so
19:39the
19:40original
19:41proposal
19:41was
19:42Bataan
19:42but
19:43then
19:43a
19:43portion
19:43of
19:43Bataan
19:45there
19:45is
19:46geopolitical
19:47because
19:47part of
19:48which
19:48is
19:48part
19:49of
19:49the
19:49West
19:49Philippine
19:50Sea
19:50so
19:50they
19:51said
19:51why
19:51not
19:51Cebu
19:52because
19:53from
19:54Fujian
19:54to
19:55Cebu
19:55there
19:56no
19:56entanglement
19:57they
19:58don't
19:58need
19:58to
19:58pass
19:58by
19:59the
19:59controversial
20:00seas
20:01so
20:02we
20:02welcome
20:03that
20:03and
20:04in
20:04fact
20:04when
20:05we
20:06last
20:06went
20:07to
20:07China
20:07to
20:08Guangxi
20:08that
20:09was
20:09again
20:09raised
20:09by
20:10the
20:11local
20:12officials
20:12there
20:13now
20:14you've
20:14mentioned
20:15also
20:15at least
20:16from
20:16what
20:16I
20:16read
20:16that
20:17this
20:18economic
20:19zone
20:19is going
20:20to
20:20prioritize
20:21high value
20:23manufacturing
20:24work now
20:26so can you
20:26articulate
20:27more about
20:28this one
20:28preferably
20:29when I was
20:29with the
20:30Mandawi
20:30Chamber of
20:31Commerce
20:31and Industry
20:32that was
20:32one of the
20:33visions we
20:34had for
20:34Mandawi
20:35City
20:35to house
20:36high value
20:38manufacturing
20:38but over
20:39the
20:39years
20:40the
20:43economy
20:45world
20:46economy
20:46has
20:47evolved
20:47and I
20:48think we
20:48have to
20:49attract
20:49other
20:50investments
20:51as well
20:52or other
20:54empowering
20:58programs
20:58or systems
20:59investments
21:00that can
21:01aid
21:02or that
21:02can
21:03help
21:04our
21:05people
21:06and the
21:07Cebu
21:08economy
21:08per se
21:09so
21:10if we
21:11have
21:11AI
21:12then we
21:13need to
21:14have the
21:14support
21:16facilities
21:17the support
21:17tools
21:18education
21:19per se
21:20but
21:21that should
21:22be
21:22not far
21:23from
21:23what we
21:24envision
21:25for the
21:25north
21:26so
21:29it is
21:30open
21:31but
21:31yes
21:32high value
21:32manufacturing
21:33because
21:35you know
21:36again
21:36we are
21:37strategically
21:38located
21:38and
21:39we have
21:40strengths
21:40salient
21:41for the
21:42province
21:43of Cebu
21:43which are
21:44not found
21:44in other
21:45provinces
21:45now
21:47if I am
21:48to put
21:49the two
21:50major
21:51strengths
21:52that you
21:53mentioned
21:54I like
21:55that
21:56the development
21:57is going
21:58out of
21:58metro
21:59Cebu
21:59because
22:00that's
22:00going to
22:00decongest
22:01the existing
22:03development
22:04or existing
22:05tri-cities
22:06if we call
22:07it
22:07and then
22:08this one
22:09because
22:09personally
22:10I'm
22:12seeing
22:12the pattern
22:14at least
22:14Philippines
22:15in general
22:15if we look
22:17at
22:17manufacturing
22:18we have
22:20not really
22:21moved
22:21beyond
22:22assembly
22:23testing
22:24packaging
22:26towards
22:26really higher
22:27value
22:28and then
22:29this is
22:29my
22:29opinion
22:30and then
22:31the same
22:32let's tone
22:33this down
22:33frustration
22:34also
22:35because
22:35if we
22:35look
22:35at
22:36ITBPM
22:36we've
22:37been
22:37talking
22:37about
22:38moving
22:38towards
22:39higher
22:39value
22:39services
22:40like
22:4020
22:40years
22:41ago
22:41but
22:41if we
22:42look
22:42at
22:42the
22:42composition
22:43of
22:43the
22:43industry
22:43now
22:44it's
22:44still
22:4480-90%
22:45call center
22:46nothing
22:47against
22:47call centers
22:48but it's
22:48just
22:49that
22:49we've
22:49been
22:50meaning
22:50also
22:50to
22:51move
22:51beyond
22:51call centers
22:52but we
22:52have
22:53not
22:53been
22:54quite
22:54successful
22:55to do
22:55that
22:55and I'm
22:56glad
22:56that
22:56there
22:56is
22:57a
22:57vision
22:57such
22:57as
22:58this
22:58that
22:59really
22:59is
23:00starting
23:00from
23:01the
23:02very
23:02beginning
23:02to
23:03really
23:03move
23:05towards
23:05higher
23:06value
23:07manufacturing
23:08I totally
23:09agree
23:10with
23:10you
23:10DJ
23:11on
23:11that
23:12note
23:12and
23:12higher
23:13value
23:14manufacturing
23:15is
23:15something
23:16we can
23:17pick up
23:18off the
23:19table
23:19but
23:20you know
23:20the world
23:21economy
23:21has
23:22changed
23:22and
23:23it's
23:23changing
23:24fast
23:24and
23:25very
23:25very
23:25fast
23:26so
23:27to
23:27adapt
23:28to
23:28these
23:28new
23:28investments
23:29and
23:31you're
23:31talking
23:31about
23:33again
23:34digital
23:35technology
23:35AI
23:36and all
23:37other
23:37we need
23:37the
23:38support
23:38services
23:39but
23:39you know
23:40there's
23:40a way
23:41to it
23:41to do
23:42it
23:42faster
23:43and
23:43to do
23:43it
23:43more
23:43efficiently
23:44I am
23:46encouraging
23:47that
23:48this
23:48would
23:48be
23:48a
23:48private
23:49sector
23:50led
23:52development
23:52because
23:53when you
23:54get
23:54big
23:54developers
23:56without
23:57mentioning
23:57again
23:57invest
23:59there
23:59master
24:00plan
24:01their
24:01development
24:01sila
24:02mo invite
24:02sa mga
24:03investors
24:03then
24:05everything
24:05else
24:06will
24:06follow
24:07government
24:08can
24:09support
24:11in terms
24:12of
24:12policy
24:13in terms
24:13of
24:14resources
24:14in terms
24:15of
24:15direction
24:17now
24:18a lot
24:19of
24:19officials
24:19I talked
24:20to some
24:20officials
24:21I've
24:21consulted
24:21with
24:21this
24:22and a
24:22lot
24:22of
24:22people
24:23have
24:23asked
24:23me
24:24to get
24:27there
24:27is
24:27take
24:283 to
24:284
24:29hours
24:33I'm
24:36not
24:37being
24:37in
24:37government
24:38I have
24:38to say
24:38this
24:39but
24:39if
24:40we
24:41rely
24:42on
24:42national
24:43government
24:43to
24:44initiate
24:45or to
24:46implement
24:47the
24:47projects
24:49to
24:50expand
24:51roads
24:51for
24:51example
24:51going
24:52to
24:52the
24:52north
24:54complications
24:56and it
24:57might
24:58take a
24:59very long
25:00time
25:00we have a
25:01project in
25:02the south
25:03Metro
25:04Cebu
25:04Expressway
25:05and
25:0710-20%
25:08complete
25:09so far
25:10and cannot
25:10even be
25:11used
25:11up to
25:11now
25:11and that
25:12was
25:12started
25:12in
25:122017
25:13so
25:14we
25:15follow
25:15the
25:15Luzon
25:16model
25:17if
25:18you
25:18build
25:18economies
25:19of
25:19scale
25:19critical
25:20mass
25:21in the
25:21north
25:21the
25:22private
25:22sector
25:23will
25:23follow
25:23and
25:24the
25:24way
25:24to
25:25go
25:25for
25:25projects
25:26to
25:27be
25:27done
25:27should
25:28be
25:28through
25:29PPPs
25:31talk
25:31about
25:32rail
25:32talk
25:32about
25:35subway
25:36talk
25:36about
25:38express
25:39ways
25:40we
25:41have
25:41models
25:42by which
25:43it
25:43works
25:45similar
25:46to
25:46Luzon
25:47so
25:47my bias
25:49there
25:49is
25:49we
25:50build
25:51critical
25:51mass
25:51there
25:51we
25:52create
25:52interest
25:53there
25:54we
25:54bring
25:54in
25:55investors
25:55there
25:55and
25:56everything
25:56else
25:56will
25:56follow
25:56and
25:58to
25:59your
25:59point
26:00earlier
26:00if
26:01this
26:01is
26:02also
26:02an
26:02area
26:03that
26:03the
26:03kids
26:04can
26:04go
26:04to
26:04school
26:05they
26:05can
26:05go
26:06to
26:06church
26:06already
26:07there
26:07is
26:07health
26:07care
26:08and
26:08their
26:09needs
26:09are
26:09provided
26:10and
26:10they
26:10don't
26:11need
26:11to
26:11travel
26:11so
26:12much
26:12and
26:13brave
26:14through
26:14the
26:15traffic
26:15live
26:16work
26:17play
26:18now
26:19you've
26:20mentioned
26:20the
26:20free
26:20port
26:21I
26:21hope
26:22I'm
26:22not
26:22putting
26:22you
26:22on
26:23the
26:23spot
26:23what
26:24about
26:24air
26:25connectivity
26:26because
26:26I've
26:27also
26:27heard
26:27somewhere
26:28that
26:29there's
26:31the
26:32idea
26:32of
26:33also
26:34have
26:34of
26:35idea
26:35of
26:35having
26:36another
26:37airport
26:37also
26:38in the
26:38north
27:02welcome
27:02it
27:04can
27:04land
27:04737
27:05you
27:06know
27:06it
27:07upgraded
27:07it's
27:08usable
27:09there
27:10was
27:10a
27:10provider
27:12that
27:12applied
27:14the
27:14route
27:14but
27:15unfortunately
27:16they can
27:17sustain
27:18so
27:19even
27:20if
27:21government
27:21builds
27:21the
27:22airport
27:23there
27:25without
27:26the
27:26volume
27:27without
27:28the
27:28market
27:29it
27:30it
27:30is
27:30bound
27:30to
27:30fail
27:32we
27:32have
27:32an
27:33international
27:33airport
27:33it
27:35is
27:35a
27:35world
27:35class
27:35airport
27:36and
27:36it
27:37is
27:37semi
27:37self
27:37governing
27:40airport
27:41by virtue
27:42of
27:42an
27:43authority
27:43so
27:44the
27:44terminal
27:45is
27:45being
27:45operated
27:46by
27:46private
27:47so
27:47if
27:48you
27:48build
27:48a
27:49express
27:50way
27:50that
27:51links
27:51to
27:51the
27:51north
27:51you
27:52can
27:53cut
27:53travel
27:53time
27:54by
27:54half
27:55and
27:56traveling
27:56from
27:57the
27:58north
27:58to
27:58the
27:59airport
27:59if
27:59it
27:59only
28:00takes
28:00you
28:00an
28:00hour
28:01or
28:01an
28:01hour
28:0130
28:01it
28:02is
28:02a
28:02problem
28:03because
28:03in
28:03other
28:03countries
28:04that
28:04is
28:04what
28:04is
28:04happening
28:06and
28:06I
28:07would
28:07agree
28:08with
28:08that
28:08now
28:08because
28:09I
28:09have
28:09a
28:09little
28:10bit
28:10of
28:10an
28:10operation
28:11in
28:11Danau
28:12and
28:12normally
28:13I
28:13would
28:13prefer
28:14to
28:14travel
28:15in
28:15the
28:15evening
28:15but
28:16I'm
28:16surprised
28:16because
28:17I
28:17can
28:17go
28:17back
28:17to
28:18the
28:18city
28:18in
28:1820
28:1930
28:19minutes
28:20and
28:20I
28:21thought
28:21it's
28:21very
28:21far
28:22yes
28:22it's
28:22not
28:23too
28:23far
28:24it's
28:24really
28:25the
28:25congestion
28:27it's
28:27the
28:28congestion
28:29yes
28:29and
28:30also
28:30the
28:30discipline
28:31and
28:32everything
28:32else
28:32but
28:34if
28:35you
28:35build
28:35skyways
28:37then
28:38that
28:39can
28:39solve
28:40the
28:40problem
28:40yes
28:41because
28:41in
28:42my
28:42case
28:42I
28:43would
28:43travel
28:43like
28:4311
28:43p.m
28:44that's
28:44like
28:44a
28:44skyway
28:45and
28:46then
28:46a
28:46mass
28:46transport
28:49wishfully
28:50thinking
28:51and
28:52then
28:52if
28:52there's
28:52scale
28:53there
28:53then
28:53there's
28:54potentially
28:54more
28:55interest
28:55also
28:55to
28:55invest
28:56yes
28:56because
28:57we
28:57have
28:57to
28:57bring
28:58in
28:58the
28:59private
28:59sector
29:00I've
29:00studied
29:01several
29:01models
29:02in
29:03terms
29:03of
29:04infrastructure
29:04I've
29:05seen
29:05how
29:06other
29:08countries
29:08like
29:09Japan
29:09and
29:09Yokohama
29:10for
29:10example
29:10to
29:11build
29:11a
29:117
29:13kilometer
29:13stretch
29:14of
29:14rail
29:15or
29:16train
29:17line
29:18would
29:19cost
29:19at least
29:19250
29:20billion
29:20pesos
29:21and
29:21that
29:21if
29:22you
29:22if
29:23it
29:24is
29:24even
29:24if
29:25it
29:25subsidized
29:26so
29:27will
29:27I
29:28return
29:28rate
29:28of
29:29return
29:29so
29:30government
29:32can
29:32subsidize
29:33but
29:33we have
29:34to bring
29:34in the
29:34private
29:34sector
29:35for us
29:35to
29:35be able
29:36to
29:36achieve
29:36that
29:37but
29:37that
29:37should
29:38be
29:38part
29:38of
29:38the
29:38vision
29:41similar
29:42to
29:42for
29:42example
29:43in
29:43again
29:44in
29:45Mactan
29:46there's
29:47a
29:47new
29:47town
29:47concept
29:48so
29:48the
29:49Cicelx
29:50that's
29:51part
29:51of
29:51its
29:52calculations
29:53and
29:55even
29:55the
29:55connected
29:57road
29:58from
29:58the
29:59foot
29:59of
29:59the
30:00Cicelx
30:00to
30:00the
30:00airport
30:01that's
30:01part
30:01of
30:01its
30:02calculations
30:02so
30:04compliment
30:05Ginesia
30:06Tanan
30:07now
30:08you've
30:09mentioned
30:09a little
30:09bit
30:10of
30:10this
30:10earlier
30:10because
30:11there
30:11are
30:12other
30:12choices
30:13we'll
30:13talk
30:13about
30:14the
30:14Philippines
30:14later
30:15but
30:15there
30:15are
30:15also
30:15other
30:16choices
30:16even
30:17in
30:18Southeast
30:18Asia
30:18for
30:19an
30:20economic
30:20zone
30:21and
30:21one
30:22of
30:22the
30:22usual
30:24perception
30:25about
30:25the
30:25Philippines
30:26in
30:26general
30:26are
30:27certain
30:27disadvantages
30:29like
30:30power
30:31cost
30:32and
30:33also
30:34ease
30:34of
30:34the
30:34wing
30:34business
30:35so
30:35let's
30:35start
30:35with
30:35power
30:36cost
30:36power
30:37cost
30:39we
30:39have
30:39talked
30:40to
30:40some
30:40of
30:40the
30:40stakeholders
30:41and
30:42if
30:43you
30:43look
30:43at
30:43the
30:44entire
30:44country
30:44in
30:44general
30:45there
30:45is
30:46surplus
30:46of
30:47power
30:47it's
30:48just
30:48a
30:48matter
30:49of
30:49bringing
30:50excess
30:51power
30:52from
30:52Luzon
30:52for example
30:54which
30:54has
30:54more
30:54than
30:555,000
30:55megawatts
30:56excess
30:57to
30:58island
30:59of
30:59Cebu
31:00but
31:01the
31:01direction
31:02for
31:03Cebu
31:03to
31:04be
31:04more
31:04sustainable
31:04is
31:05really
31:05to
31:05build
31:05more
31:06to
31:06increase
31:07its
31:07capacity
31:08which
31:08is
31:09I've
31:09heard
31:09short
31:09300
31:11400
31:12thereabouts
31:13which
31:14is
31:14not
31:15too
31:15far
31:16maybe
31:16looking
31:17at
31:17it
31:17on
31:17a
31:173
31:18to
31:185
31:18year
31:19framework
31:20I
31:20think
31:20there's
31:20interest
31:21because
31:21again
31:22we
31:22have
31:22the
31:22volume
31:23Cebu
31:23is
31:24always
31:24lucrative
31:24for
31:28production
31:29producers
31:30to
31:31distributors
31:32to
31:32invest
31:32in
31:33because
31:33if
31:33there's
31:33volume
31:35in
31:36the
31:36north
31:36everything
31:37else
31:37will
31:37follow
31:38now
31:38there's
31:39an
31:39existing
31:41provincial
31:42government
31:43project
31:43there
31:43in
31:44partnership
31:44with
31:45Acciona
31:45Energia
31:45which
31:46would
31:48capacitate
31:48at least
31:49150
31:49megawatts
31:50that
31:50can
31:51be
31:51integrated
31:51into
31:52the
31:52grid
31:52so
31:52that
31:53is
31:53still
31:53ongoing
31:54now
31:54and
31:55if
31:55you
31:55get
31:55similar
31:56of
31:56those
31:56projects
31:57even
31:57around
31:57that
31:58area
31:58that
31:59can
31:59already
32:00support
32:00that
32:00development
32:01now
32:01you
32:03bring
32:03in
32:03huge
32:03developers
32:04like
32:06the
32:07huge
32:08developers
32:09they
32:10also
32:12build
32:13their
32:13capability
32:14their
32:14capacity
32:15in
32:16fact
32:16they
32:17have
32:17excess
32:18capacity
32:18that
32:18they
32:19can
32:19even
32:19sell
32:20to
32:20the
32:20grid
32:22so
32:22there's
32:23a lot
32:23of
32:23ways
32:23to
32:23address
32:24the
32:24power
32:25now
32:26the
32:26other
32:26concern
32:27about
32:27ease
32:27of
32:27doing
32:28business
32:28this
32:29is
32:29where
32:29we
32:29come
32:29in
32:30so
32:31if
32:32we
32:32have
32:32this
32:33framework
32:34if
32:35we
32:35have
32:36this
32:36direction
32:36then
32:39we
32:39support
32:40it
32:40with
32:40all
32:41the
32:41policies
32:43that
32:43are
32:44embedded
32:45or
32:47our
32:47capabilities
32:47embedded
32:48in the
32:48local
32:49government
32:49code
32:49and
32:50all
32:50other
32:50pertinent
32:50laws
32:51to
32:52ensure
32:53that
32:53the
32:57development
32:57is
32:58sustainable
32:58and
32:59ease
32:59of
32:59doing
32:59business
33:00is
33:01enabled
33:02similar
33:03to what
33:04is
33:04happening
33:04in
33:04Luzon
33:05because
33:07national
33:07government
33:08is heavily
33:09invested
33:09in
33:09Luzon
33:10they say
33:11it will
33:12account
33:12for
33:1380%
33:13of
33:14the
33:14logistical
33:14market
33:15so
33:15if
33:15you
33:17corner
33:1780%
33:18of
33:18the
33:18logistical
33:19market
33:2180%
33:22of the
33:22national
33:23government
33:23resources
33:24will go
33:24to
33:24Luzon
33:25there is
33:26we have
33:27to
33:27master
33:28our
33:28strength
33:28as a
33:28local
33:29government
33:29unit
33:30if
33:31we
33:31get
33:31all
33:32the
33:32stakeholders
33:32together
33:32in
33:33partnership
33:33with
33:33the
33:33private
33:34sector
33:35there's
33:36no
33:36way
33:36of
33:36failing
33:36that's
33:37one
33:38thing
33:38I
33:38can say
33:38now
33:39let's
33:39move
33:39closer
33:40to
33:40home
33:41that
33:41Southeast
33:41Asia
33:42now
33:42let's
33:42talk
33:43about
33:43the
33:43Philippines
33:44you've
33:44mentioned
33:45certain
33:46challenges
33:46specific
33:47to
33:47Bataan
33:47but
33:47there's
33:48also
33:48Subic
33:49there's
33:50Clark
33:50so
33:51why
33:51Cebu
33:52well
33:53Cebu
33:54has
33:54always
33:54been
33:54Cebu
33:55even
33:55before
33:56Subic
33:56and
33:56Clark
33:56came
33:57about
33:57we
33:57have
33:57always
33:58been
33:58Cebu
34:00in
34:00fact
34:01Secretary
34:01Frederico
34:02the
34:02family
34:03the
34:04Gokong
34:04Ways
34:04hails
34:05from
34:06Cebu
34:06they
34:07first
34:07landed
34:08here
34:08in
34:08Cebu
34:08before
34:09they
34:09moved
34:09elsewhere
34:10to
34:11Manila
34:12so
34:13since
34:14time
34:14in
34:15memorial
34:15even
34:16before
34:16the
34:16Spanish
34:17colonization
34:17we've
34:19always
34:19been
34:19known
34:19as
34:20a
34:20trading
34:21and
34:22a
34:22transshipment
34:22port
34:23transshipment
34:24hub
34:24so
34:26the
34:28people
34:29here
34:29have
34:30always
34:30been
34:30resilient
34:31independent
34:32and
34:33entrepreneurial
34:33so
34:34that is
34:35our
34:35strength
34:35so
34:36if
34:37we
34:38pitch
34:39this
34:39to
34:39the
34:40private
34:40sector
34:41instantaneously
34:42even
34:42local
34:43developers
34:43will
34:44open
34:44their
34:44eyes
34:44and
34:45look
34:45at
34:45the
34:46north
34:46now
34:47this
34:48one
34:48is
34:49Philippines
34:49not
34:50necessarily
34:51Cebu
34:51but
34:52in
34:53one
34:53of
34:53the
34:53studies
34:54that
34:55I
34:55found
34:55and
34:56this
34:56is
34:56from
34:56OECD
34:58so
34:58this
34:58is
34:58organization
34:58for
34:59economic
34:59operation
35:00and
35:00development
35:01it's
35:01the
35:02study
35:02of
35:02the
35:03semiconductor
35:03industry
35:05it
35:05actually
35:06identifies
35:07shortage
35:07of
35:08qualified
35:09engineers
35:09as a
35:11constraint
35:11to
35:12industrial
35:12growth
35:13so
35:14how
35:14can
35:14we
35:14do
35:14that
35:15differently
35:16at
35:16least
35:16in
35:16Cebu
35:17if
35:18we
35:18have
35:18high
35:18value
35:19industries
35:21then
35:22we
35:22have
35:22high
35:23paying
35:23jobs
35:23so
35:25for
35:26one
35:26we
35:26get
35:26to
35:27retain
35:27our
35:28talents
35:29and
35:31secondly
35:33the
35:34support
35:35services
35:35I have
35:36mentioned
35:36will
35:37follow
35:37education
35:39social
35:40services
35:40healthcare
35:42and
35:43everything
35:43else
35:44follows
35:44because
35:46they're
35:47anchored
35:47to the
35:48vision
35:50vision
35:50for
35:51example
35:55to
35:56capacitate
35:57the
35:57workforce
35:58and
35:58especially
35:59parents
35:59have
35:59the
36:00tendency
36:00to
36:00also
36:01encourage
36:02their
36:02children
36:02to
36:03go
36:03where
36:04the
36:04opportunity
36:04is
36:05in
36:06fact
36:06you
36:06mentioned
36:06about
36:07business
36:07process
36:08outsourcing
36:08yes
36:09we
36:10need
36:10to
36:10really
36:10recalibrate
36:11but
36:12for
36:13the
36:13time
36:13being
36:16it
36:16provided
36:18the
36:20local
36:20talents
36:21the
36:21skills
36:22and
36:22the
36:22multiplier
36:23effect
36:23the
36:26safe
36:26haven
36:28for
36:28the
36:29time
36:29being
36:29for
36:30the
36:30time
36:30being
36:30for
36:30the
36:30time
36:31being
36:31I
36:31know
36:32why
36:32because
36:33I
36:33think
36:33you're
36:33talking
36:33about
36:34automation
36:34eventually
36:35and
36:35artificial
36:35intelligence
36:36that
36:36is a
36:37threat
36:37but
36:38again
36:38as
36:39I've
36:39said
36:40the
36:41economy
36:41the
36:42world
36:42economy
36:43now
36:43so
36:43dynamic
36:44so
36:44diverse
36:45it's
36:45so
36:45fast
36:46moving
36:46you
36:47know
36:48you
36:48have
36:48Elon Musk
36:49who
36:49just
36:49launched
36:50his
36:50car
36:51that
36:52has
36:52really
36:52exceeded
36:53expectations
36:54and really
36:54surprised
36:55the
36:55whole
36:55world
36:56so
37:03let's
37:04have
37:04a
37:04direction
37:04because
37:05we can
37:05talk
37:06about
37:06investments
37:07we can
37:08talk
37:08about
37:08attracting
37:10there's
37:11no
37:11size
37:12fit
37:12all
37:12for
37:14attracting
37:14investments
37:15but
37:16canicia
37:16is just
37:17making
37:17it
37:18more
37:18specific
37:18and
37:19providing
37:19a
37:20clearer
37:20direction
37:21how
37:22things
37:22should
37:23move
37:23economically
37:24here
37:25in
37:25Cebu
37:26and
37:27I
37:27don't
37:27know
37:27if
37:27you
37:27will
37:27agree
37:28with
37:29me
37:29because
37:29I
37:29don't
37:29like
37:29to
37:30put
37:30in
37:30space
37:30I'll
37:30own
37:31this
37:31opinion
37:31that
37:32I'm
37:32about
37:32to
37:32say
37:32we
37:33have
37:34guested
37:34a
37:35couple
37:35of
37:37people
37:37from
37:38the
37:38labor
37:38organization
37:39and
37:40they
37:41are
37:41and
37:41I
37:42would
37:42understand
37:42actively
37:43campaigning
37:44for
37:44higher
37:44wages
37:45and
37:46I
37:46understand
37:47because
37:47if
37:48we
37:48look at
37:49the
37:49inflation
37:49numbers
37:50etc
37:50but
37:51what
37:51I
37:51would
37:51normally
37:52tell
37:52them
37:52is
37:53why
37:53don't
37:53we
37:54advocate
37:54for
37:55higher
37:55value
37:55work
37:56that
37:57would
37:57demand
37:58higher
37:59skills
38:00so
38:01that
38:01the
38:02demand
38:03to
38:04have
38:04better
38:05pay
38:05would
38:06come
38:07with
38:08higher
38:08value
38:09work
38:09rather
38:10than
38:10retaining
38:11the
38:11same
38:12content
38:12of
38:13work
38:13and
38:14then
38:14asking
38:15for
38:16a
38:16higher
38:17pay
38:17why
38:18don't
38:18we
38:18advocate
38:18for
38:19higher
38:20value
38:20manufacturing
38:21for
38:21example
38:21that
38:22means
38:23it
38:23would
38:23require
38:23higher
38:24skills
38:24and
38:25naturally
38:26that's
38:27higher
38:27pay
38:28you
38:29said
38:29it
38:29perfectly
38:29I
38:30don't
38:30need
38:30to
38:30add
38:30anything
38:31but
38:32I've
38:32always
38:32been
38:32an
38:32advocate
38:33of
38:33productivity
38:34based
38:35compensation
38:36so
38:38again
38:39that
38:39is
38:39aligned
38:40with
38:40higher
38:41pay
38:42because
38:42of
38:42higher
38:43value
38:43output
38:44and
38:45higher
38:46value
38:46demand
38:47so
38:47again
38:47that
38:48is
38:48really
38:48the
38:49direction
38:49we
38:49should
38:49look
38:50at
38:50and
38:51we
38:51have
38:52to
38:52think
38:52of
38:53Cebu
38:53as
38:54Cebu
38:56without
38:57really
39:00getting
39:01entangled
39:02with the
39:02peripherals
39:02when I'm
39:03talking
39:03about
39:03the
39:03national
39:05scale
39:06or
39:06what is
39:07happening
39:07in Luzon
39:07is salient
39:08to Luzon
39:08what is
39:08happening
39:08in Minano
39:09is salient
39:09to Minano
39:09because we
39:12can connect
39:12directly
39:12to the
39:13world
39:15correct
39:17now
39:17the
39:18other
39:18thing
39:19also
39:19which
39:19is
39:19still
39:20on
39:20talent
39:20but
39:23if
39:23we
39:23move
39:24down
39:24into
39:24primary
39:25and
39:25secondary
39:26and
39:27by the
39:29way
39:29this
39:29is
39:30where
39:30my
39:30passion
39:30is
39:31that's
39:31why
39:31the
39:32questions
39:32are
39:32also
39:33leaning
39:33towards
39:34this
39:34in
39:34PISA
39:35SAD
39:35this
39:35is
39:35program
39:36international
39:36student
39:37assessment
39:37in
39:382022
39:39in
39:40terms
39:41of
39:41mathematics
39:42and
39:43Philippines
39:43is
39:4475
39:45place
39:46out
39:47of
39:4781
39:47and
39:48in
39:48terms
39:48of
39:49science
39:49the
39:50Philippines
39:51is
39:5179th
39:53out
39:53of
39:5481
39:54so
39:55in
39:55short
39:55the
39:55Philippines
39:55in
39:56general
39:56is
39:56trailing
39:57compared
39:58to the
39:58rest
39:58of
39:59the
39:59world
39:59in
39:59terms
40:00of
40:00science
40:00and
40:00math
40:01and
40:01higher
40:01value
40:02work
40:02tend
40:03to
40:03gravitate
40:03towards
40:04science
40:04and
40:05math
40:05so
40:05what
40:06can
40:07you
40:07also
40:07suggest
40:08that
40:09we
40:09can
40:09do
40:10differently
40:10aside
40:11from
40:11tertiary
40:11education
40:12even
40:12primary
40:13or
40:13secondary
40:14strong
40:15or
40:16science
40:17technology
40:17engineering
40:18math
40:18I could
40:20not
40:21disagree
40:22with
40:22you
40:24in
40:24fact
40:25I
40:25fully
40:25agree
40:26with
40:26you
40:26but
40:27I
40:27always
40:28believe
40:28in
40:28the
40:29concept
40:29of
40:29build
40:30it
40:30and
40:30they
40:30will
40:31come
40:31so
40:32once
40:32the
40:33market
40:34is
40:34there
40:34everything
40:35else
40:35will
40:35follow
40:36I
40:37like
40:37the
40:37term
40:37that
40:38you
40:38use
40:38it
40:38will
40:38gravitate
40:39you
40:40know
40:40government
40:41private
40:42sector
40:42and
40:44you're
40:44talking
40:44about
40:44educational
40:45institutions
40:46they will
40:46surely
40:47align
40:47and
40:48adapt
40:48I'll
40:49give you
40:49an
40:49example
40:50in
40:51Balamban
40:52in the
40:52west
40:53because
40:54it's
40:54heavily
40:55ship
40:56building
40:56good
40:57point
40:57we
40:58we
40:58producing
40:59the
40:59best
41:00ships
41:01here
41:02in
41:02Cebu
41:02in
41:02the
41:02west
41:03good
41:03point
41:03where
41:04did
41:04we
41:04get
41:04our
41:04talent
41:05good
41:05point
41:05everything
41:06aligned
41:07with
41:07what
41:08is
41:08the
41:09need
41:09agree
41:10in
41:11that
41:11area
41:11so
41:11if
41:12we
41:12have
41:13these
41:13industries
41:13already
41:14in
41:14place
41:14if
41:14even
41:15the slightest
41:17interest
41:17from
41:18any
41:19locator
41:19it's
41:20going to happen
41:22very fast
41:23because
41:23I
41:24as a
41:25local
41:25investor
41:26if I
41:27see
41:27that
41:27there's
41:27a
41:27potential
41:28there
41:28I'll
41:29be the
41:29first
41:29one
41:30to
41:30jump
41:30into
41:30the
41:30band
41:31wagon
41:32until
41:36you're
41:37in
41:38the
41:38first
41:38end
41:39or
41:40in
41:40the
41:40tail
41:40end
41:41or
41:41barbecue
41:41man
41:44I've
41:44always
41:44believed
41:45in the
41:45capability
41:46of the
41:46Cebuanos
41:47to
41:47adapt
41:50that's
41:51why
41:51I'm
41:52really
41:52so
41:52bullish
41:53on
41:53Cebuanos
41:54because
41:55we
41:56are
41:56not
41:56really
41:58an
41:58agriculturally
42:01renowned
42:02province
42:03or an
42:04island
42:05we
42:06are
42:06not
42:06we
42:08don't
42:08have
42:09bigger
42:10industries
42:11that
42:11we
42:12can
42:12really
42:12boast
42:13of
42:13good
42:14it's
42:15always
42:15been
42:15a
42:15combination
42:16or
42:16mix
42:16of
42:17industries
42:18which
42:19is
42:19more
42:19on
42:19trade
42:20and
42:20commerce
42:22so
42:23we
42:24are
42:24sustainable
42:25and
42:25we
42:25are
42:25resilient
42:26and
42:26we
42:26are
42:26adaptable
42:28now
42:30I'm
42:30enjoying
42:31so much
42:31but I
42:31checked
42:31the
42:32time
42:33so
42:35there's
42:36one
42:36point
42:37that I
42:38also
42:38want
42:38to
42:40get
42:41to
42:41know
42:41what
42:42you
42:43think
42:43about
42:43this
42:44there
42:45are
42:46also
42:46potential
42:47roadblocks
42:48like
42:49I
42:50think
42:50you
42:50mentioned
42:51this
42:51before
42:51the
42:52start
42:52like
42:53the
42:53comprehensive
42:54program
42:54etc
42:56etc
42:56so
42:56what
42:57are
42:57the
42:57other
42:57roadblocks
42:58that
42:58you
42:59are
42:59anticipating
43:00that
43:01could
43:01potentially
43:02put
43:03a
43:03risk
43:04for
43:05this
43:05becoming
43:06a
43:06reality
43:07and
43:08what
43:08are
43:08the
43:09steps
43:09that
43:10you
43:10are
43:10suggesting
43:11for
43:12us
43:13to
43:13get
43:13past
43:13what
43:14you
43:14think
43:14is
43:15a
43:15roadblock
43:16that
43:17we
43:17can
43:17already
43:17anticipate
43:18this
43:18early
43:20this
43:21is
43:22still
43:22fresh
43:22although
43:23this
43:25has
43:25been
43:25started
43:25by
43:26our
43:26local
43:27leaders
43:28the
43:29vision
43:30has
43:30always
43:30been
43:30there
43:31so
43:31I'm
43:32just
43:32here
43:32to
43:33amplify
43:33it
43:33and
43:34share
43:35my
43:35own
43:38biases
43:38regarding
43:39the
43:39vision
43:40and
43:41first
43:43is
43:43we
43:44have
43:44to
43:44buy
43:45into
43:45the
43:45vision
43:46both
43:48private
43:48and
43:48government
43:49has
43:49to
43:49buy
43:49into
43:49the
43:50vision
43:50are
43:51we
43:51in
43:52agreement
43:53that
43:53we
43:53will
43:56adapt
43:56to
43:57this
43:57north
43:58economic
43:58zone
43:59idea
44:00with
44:00the
44:00freeport
44:01concept
44:02then
44:03we
44:05get
44:06our
44:06act
44:07together
44:08we
44:08talk
44:09and
44:10then
44:10when the
44:12opportune
44:12time
44:12comes
44:13then
44:13we
44:13have
44:13to
44:13bring
44:14this
44:14to
44:14the
44:14national
44:14government
44:15and
44:16tell
44:17the
44:17president
44:18this
44:19is
44:19what
44:19we
44:20want
44:20this
44:20is
44:20our
44:20wish
44:20list
44:21this
44:21is
44:21our
44:21wish
44:22this
44:24is
44:25number
44:25one
44:25in
44:25our
44:25bucket
44:26list
44:26we
44:27help
44:27us
44:27an
44:28economic
44:28priority
44:29capacitate
44:30this
44:30now
44:30agencies
44:31of
44:31government
44:33without
44:33a clear
44:34direction
44:34also
44:35will
44:36also
44:36do
44:36their
44:36own
44:37thing
44:38department
44:39of
44:40agriculture
44:40there's
44:41department
44:42of
44:42agrarian
44:43reform
44:43but
44:43you
44:44have
44:44the
44:44president
44:45saying
44:45okay
44:46make
44:47this
44:47possible
44:48just
44:48like
44:49what
44:49is
44:49happening
44:49in
44:49the
44:49north
44:50in
44:51Luzon
44:53but
44:54along
44:55the
44:55course
44:55of
44:55doing
44:56this
44:56we
44:57are
44:58already
44:59creating
45:00awareness
45:02you
45:02have
45:03local
45:03investors
45:04you
45:04have
45:05foreign
45:06investors
45:06already
45:07looking
45:07at
45:07you
45:08know
45:08let's
45:09look
45:09let's
45:09have
45:10a
45:10paradigm
45:10shift
45:10okay
45:12see
45:13it
45:13we
45:14are
45:14we
45:14are
45:14just
45:14focused
45:15on
45:16Cebu
45:16City
45:17Mandawi
45:17City
45:17and
45:17Lapu
45:18Lapu
45:18City
45:18but
45:19maybe
45:20you
45:20know
45:20think
45:20out
45:21of
45:21the
45:21box
45:21and
45:22mind
45:23you
45:23I've
45:23talked
45:23to
45:24possible
45:25investors
45:25actually
45:26in the
45:27north
45:27who
45:27are
45:27very
45:28very
45:28willing
45:28to
45:28invest
45:30so
45:32you
45:32know
45:33again
45:34even
45:34without
45:34me
45:35without
45:35us
45:36talking
45:37about
45:37this
45:37this
45:37will
45:38circumstantially
45:39and
45:40naturally
45:40flow
45:41because
45:43everything
45:44leads
45:44there
45:45where
45:46do we
45:48have
45:48tracks
45:50of lands
45:50here
45:52of
45:53that
45:53magnitude
45:53of
45:54that
45:54size
45:55we
45:55have
45:56to
45:58create
45:59an
46:00economic
46:01center
46:01outside
46:02of
46:02the
46:02existing
46:03economic
46:03center
46:04all
46:04the
46:05problems
46:05here
46:05traffic
46:06septage
46:08management
46:09pollution
46:11and
46:15then
46:15live
46:15work
46:16play
46:16I've
46:17seen
46:17the
46:19Kobe
46:19model
46:20in
46:20Kobe
46:20Japan
46:21they
46:22cut
46:23mountains
46:24convert
46:25it
46:25into
46:26flat
46:26and
46:28the
46:29material
46:30or the
46:30soil
46:32so
46:34by just
46:35one
46:35project
46:36they
46:36built
46:36two
46:38economic
46:39zones
46:39one
46:41is
46:41reclaimed
46:42it's
46:42an
46:42island
46:43concept
46:43and
46:44the
46:44other
46:44one
46:44live
46:48work
46:48play
46:49and
46:50connect
46:50through
46:52mass
46:52transit
46:52and
46:54express
46:55ways
46:55and
46:56other
46:56modes
46:57of
46:57mass
46:58transit
46:58so
46:59I'm
46:59enjoying
46:59this
47:00conversation
47:00like
47:00what
47:00I
47:01said
47:01but
47:01we're
47:02running
47:02out
47:02of
47:02time
47:03so
47:03for
47:03our
47:04viewers
47:04everyday
47:05Sabuan
47:06who
47:07are
47:08watching
47:08what
47:09can
47:09you
47:09tell
47:10them
47:10about
47:11this
47:12project
47:12and
47:13how
47:13can
47:13this
47:16improve
47:16their
47:17quality
47:17of
47:18life
47:18because
47:21it's
47:22not
47:22just
47:22talking
47:22about
47:23economics
47:24in terms
47:25of
47:25income
47:26but
47:26it's
47:26also
47:26talking
47:26about
47:27quality
47:27of
47:27life
47:27you're
47:28very
47:28right
47:28and
47:30you know
47:31again
47:32we have
47:33to
47:33improve
47:34expand
47:35our
47:35economy
47:36and
47:37by
47:37expanding
47:38our
47:38economy
47:38we
47:39can
47:39bring
47:39in
47:40more
47:40jobs
47:41and
47:41opportunities
47:41para
47:42sa
47:42itong
47:42mga
47:42kingsunang
47:43subuanon
47:43so
47:46there's
47:47a measure
47:47to that
47:47GDP
47:48per
47:49capita
47:50no
47:50nanakoy
47:52figures
47:52but
47:52we don't
47:52have
47:52much
47:53time
47:53to
47:53share
47:53that
47:54but
47:54again
47:55that
47:55is
47:55the
47:55it
47:56can
47:56be
47:57measured
47:57so
47:57onta
47:58mudako
47:58ang
47:59atong
47:59income
47:59because
47:59when
48:00we
48:00have
48:00we
48:01graduate
48:01into
48:02a
48:02middle
48:03income
48:03economy
48:06you know
48:07we can
48:07send
48:08our
48:08children
48:08to
48:08school
48:08private
48:09schools
48:09maka
48:10afford
48:10health
48:10care
48:11private
48:12health
48:13care
48:13without
48:13pay
48:13us
48:14we
48:15can
48:15travel
48:16abroad
48:16at least
48:17two
48:18times
48:18go on
48:19vacations
48:19at least
48:20two times
48:20a year
48:21we can
48:22buy a
48:22car
48:23we can
48:23own
48:23homes
48:24so
48:24everything
48:25else
48:26follows
48:26if
48:26we
48:27expand
48:27our
48:27economy
48:27and
48:29there
48:29are
48:30a lot
48:30of
48:32things
48:33in
48:33this
48:34vision
48:34that
48:35I'm
48:36also
48:36thankful
48:37that
48:38we
48:38have
48:39more
48:39leaders
48:40like
48:40you
48:40who
48:42are
48:42also
48:43having
48:43this
48:44mindset
48:44to
48:45move
48:46the
48:47Philippines
48:47starting
48:48with
48:48Cebu
48:48forward
48:49you know
48:50DJ
48:51what
48:52struck
48:52me
48:52also
48:53it
48:54was
48:54an
48:54eye
48:54opener
48:55also
48:55when
48:56we
48:56had
48:56floods
48:57and
48:58every
48:59now and
48:59then
49:00we
49:00experienced
49:00floods
49:01and
49:02it
49:04not
49:05just
49:05affect
49:06homeowners
49:07but
49:07even
49:07businesses
49:08because
49:09when
49:10it rains
49:11it
49:11downpours
49:11then
49:13the retail
49:14malls
49:14maghinay
49:15and
49:16everything
49:17stands
49:17still
49:18flooding
49:19so
49:21we have
49:23to create
49:23again
49:25a master
49:26plan
49:26development
49:27can
49:31it be
49:32done
49:32yes
49:32it
49:32can
49:33be
49:33done
49:33because
49:33even
49:34in
49:35here
49:35in
49:36the
49:36metro
49:36area
49:36nakita
49:37na
49:37that
49:37master
49:38plan
49:38communities
49:39are
49:39sustainable
49:41but
49:42if
49:42we
49:42continue
49:43on
49:43building
49:43here
49:44we'll
49:44build
49:44going
49:45to
49:45the
49:45mountains
49:45or
49:46we
49:47do
49:47reclamation
49:47projects
49:48that's
49:49the only
49:49way
49:49to
49:49go
49:49and
49:50there's
49:51environmental
49:51cost
49:52and
49:52social
49:52cost
49:53but
49:54if
49:54we
49:55start
49:55looking
49:56that
49:57we're
49:58you
49:59know
49:59our
50:00lands
50:00have
50:01already
50:02been
50:02designed
50:03to be
50:03as such
50:05if
50:06you
50:06think
50:06out
50:06of
50:06the
50:06box
50:08i
50:09believe
50:09it
50:09can
50:09happen
50:10now
50:10and
50:11it's
50:12raining
50:12when
50:14it
50:15rains
50:15it pours
50:15literally
50:16but
50:17this
50:17project
50:18is
50:18among
50:18those
50:18as
50:19i
50:19mentioned
50:19in
50:19the
50:19opening
50:20that
50:20is
50:21worth
50:21looking
50:21forward
50:22at
50:22least
50:23it's
50:23one
50:24but
50:25this
50:25can
50:25also
50:26have
50:27opportunities
50:28and
50:28possibilities
50:29for
50:29more
50:29Cebuanos
50:30that
50:30are
50:31poor
50:31so
50:33I'm
50:34excited
50:34about
50:35this
50:35project
50:36and
50:36I'm
50:36hopeful
50:37to
50:37see
50:37this
50:38sooner
50:39than
50:39later
50:39sooner
50:40than
50:40later
50:40so
50:41thank
50:41you
50:42vice
50:42governor
50:42for
50:43joining
50:43us
50:43today
50:43thank
50:44you
50:44DJ
50:44and
50:44thank
50:45you
50:45very
50:45much
50:46for
50:46the
50:46opportunity
50:47and
50:47not
50:48too
50:48many
50:48platforms
50:49that
50:50can
50:52absorb
50:53and
50:53translate
50:54and
50:54can
50:54even
50:55contribute
50:55as
50:56much
50:56as
50:57you
50:57have
50:57your
50:57inputs
50:57can
51:00also
51:01be
51:01part
51:02of
51:02the
51:02success
51:02of
51:03this
51:03vision
51:04so
51:05thank
51:06you
51:06for
51:06sharing
51:07your
51:07inputs
51:07the
51:08pleasure
51:08is
51:08mine
51:08I'm
51:09just
51:09as
51:09grateful
51:10so
51:10the
51:11North
51:12Cebu
51:12economic
51:13zone
51:13presents
51:13an
51:14opportunity
51:14to
51:15reshape
51:15the
51:15economic
51:16future
51:16of
51:17Northern
51:17Cebu
51:18and
51:18Cebu
51:19in
51:20general
51:20the
51:21vision
51:21is
51:21important
51:22the
51:23plans
51:23matter
51:23and
51:24more
51:24than
51:24how
51:25much
51:25investment
51:26it
51:26attracts
51:26the
51:27true
51:27measure
51:28of
51:28the
51:28North
51:29Cebu
51:29economic
51:30zone
51:30is
51:30going
51:31to
51:31be
51:31how
51:31much
51:32it
51:32will
51:32improve
51:33the
51:33quality
51:33of
51:34life
51:34for
51:35the
51:35people
51:35of
51:36Cebu
51:36so
51:37I'm
51:37DJ
51:37Moises
51:38shout
51:38out
51:38to
51:39Coffee
51:39First
51:39for
51:39supporting
51:40conversations
51:40that
51:41matter
51:42let's
51:42continue
51:43to
51:43look
51:43deeper
51:44and
51:44think
51:44better
51:45have
51:45a
51:46good
51:46afternoon
51:51it
51:52starts
51:53with
51:53a
51:53fresh
51:53shot
51:54of
51:54espresso
51:55bold
51:56rich
51:57pulled
51:58just
51:59right
52:01then
52:02comes
52:02the
52:03milk
52:03steamed
52:04smooth
52:04creamy
52:05and
52:06balanced
52:06the
52:07perfect
52:07latte
52:08is
52:08not
52:09brushed
52:09it
52:10is
52:10crafted
52:10one
52:11cup
52:12at
52:12a
52:12time
52:13your
52:14perfect
52:14latte
52:14is
52:15ready
52:15coffee
52:16first
52:17then
52:18everything
52:19else
52:47you