Banker after Dark with Stephen CuUnjieng: Get to know MIC President & CEO Rafael Consing Jr. | ANC

[@johnnyrichy]

Ah what a breath of fresh air. It's great to know that there are still people in the government who values long term planning, people who have skill that we can count on. Great show Mr. Cuunjieng

[@scuunjieng]

Many thanks

[@scuunjieng]

Thank you to Joel for appearing on the show

[@JoelConsing]

It was an honor to be invited to your show, Stevie, maraming salamat.

[@scuunjieng]

@@JoelConsingthe honor and pleasure was ours

[@deojudedevera332]

Thank you for your thoughts and insights, all the best!

[@deojudedevera332]

Thank you Stevie for another great episode. All the best!

[@JoelConsing]

@@deojudedevera332 thank you 🙏

[@joeljoves8782]

This type of discussion is what Filipinos need to know!

[@scuunjieng]

Many thanks

[@nmamparo]

Another great episode Stevie. Am sure this short but substantive interview you had with Mr. Consing will provide the public a good understanding on the real role of the MIC, its challenges and what has been done so far to ensure its success moving forward. Great point on the need to depoliticize this crucial undertaking.

[@scuunjieng]

many thanks

[@patrickgarcia1083]

Good guest, finally got to know Mr. Consing! All the best to MIC! Well done Stevie!

[@JoelConsing]

Thank you, Sir.

[@scuunjieng]

many thanks

[@carloa877]

Thank you Sir Stevie. This interview somehow gave me clarity about the Maharlika Fund. Hoping this would be sucessful for the sake of our country.

[@scuunjieng]

Many thanks

[@qwertyui-u8y]

New episode finally. Much needed break from the current political crisis.

[@scuunjieng]

Thanks

[@keisermonteds]

Indeed. Breather, much needed.

[@scuunjieng]

@ many thanks

[@jai9587]

My favorite episode thus far, thanks Stevie.

[@scuunjieng]

Many thanks

[@vincentdoronila2805]

I hope your optimism and fairness is contagious, Stevie. We sure need it!

[@scuunjieng]

many thanks

[@AnthonyAdena]

The Philippines need more quality talk shows like Banker After Dark and Beyond the Exchange. No more trash talk shows the like of Boy Abunda and Toni Gonzaga. Kudos to ANC for producing these two intellectually stimulating talk shows.

[@scuunjieng]

many thanks but alas for this just a limited series

[@edwardsy8849]

Enlightening interview.!

[@scuunjieng]

Many thanks

[@Cbr1174]

Very informative episode.... Thank you Mr Cuunjieng.

[@scuunjieng]

many thanks

[@kobebasso6260]

Love this show. ❤❤❤

[@scuunjieng]

Many thanks

[@hotonelicano6780]

Bravo! Another well executed interview, and I can't seem to get enough of Joel Consings thoughts and insights. Balanced very well with highly appropriate questions that paint a really good picture of MIC. Congratulations and more power to you both.

[@scuunjieng]

Many thanks

[@sergiorenatoreyes6967]

The episode i've been hoping and waiting for!

[@scuunjieng]

Many thanks

[@totoyporto3587]

When Mr. Consing was first named to the position, he mentioned developing idle lands for rice production as one of his projects. I have not been hearing this mentioned lately. I believe he should push through with this, partnering perhaps with our state agricultural schools. Let them show their worth. Increasing rice supply will certainly ease worry among our population and give them food security. Of course other equally important concern like electricity supply is also important. Best of luck!

[@JoelConsing]

Thank you, Sir, for the reminder. I am committed to giving my best during my remaining 703 days in this post and to delivering a world-class platform for my successor to build upon. 🇵🇭💙 Mabuhay ang Pilipinas!

[@totoyporto3587]

@@JoelConsing Thank you, Sir, for your reply. I pray that you have bountiful success running this important organization for the betterment of the country.

[@JoelConsing]

@ salamat 🙏

[@Tomasing200-ci9us]

nice one Joel

[@jetaristamusic]

Thank you it somehow changed my perception on the maharlika fund. I do hope it brings prosperity to our country and not be politicized ❤

[@scuunjieng]

Many thanks

[@samueloutthere5933]

Watching stevenomics every month and banker after dark every week. Both using in business and personal life. :)

[@scuunjieng]

Many thanks

[@Iczey1]

Truly an amazing show. What a breath of fresh air from all the showbiz and politics of a brain rot content continuously fed to the people. Very insightful and meaningful show which i hope would reach a lot more people. Lastly, it is very heart warming to see that there are still selfless and patriotic people who work in the government, albeit silently without flair. Mr Consing probably had easier and better paying options in his career but still chose to lend his expertise for his country. My heart and support goes to selfless people like him wish many more would serve our country in the same way

[@scuunjieng]

Many thanks

[@guillervillaflor7955]

Great conversation!

[@scuunjieng]

many thanks

[@jemjangood20]

Great interview! I really got no idea with MIC til now. Our country really needs platform for financial education. I really appreciate Mr. Consing's effort to provide his skills for the country. We need more Filipinos like him. Thank u Stevie! I am not really a businessman and does not know most of the business terms, those made me to google them. 😂

[@scuunjieng]

Many thanks and sorry about using such technical terms!

[@parexcellence8222]

Yes we need to invest in Energy infrastructure. Thank you

[@MrMrsTab]

Big shoes to fill indeed. Praying for MIC as its success is the Filipino people’s success

[@scuunjieng]

Many thanks

[@manuelilagan3054]

Visionary leaders ang kailangan ng pilipinas Hindi artista o Kung sino pamang sikat na tao

[@scuunjieng]

Many thanks

[@justinvinuya7766]

I can feel Stevie’s disappointment for our/his country. We could’ve been one of best in our region. I personally was hoping that I experience living my early 20s in an emerging market. Im turning 30 and I’m not even sure there is even a market. Stevie’s take on “politicizing everything” is really on point. KAPAGOD KA NA PILIPINAS. Ps. Hoping for continuous episodes. Thank you stevie!

[@scuunjieng]

Many thanks

[@Exgol2005]

thanks to you❤

[@scuunjieng]

thanks

[@timpaulino2592]

Nice interview. My thoughts was MIC should be run the same as BSP., Independent of NG. To ensure the best talent and maximum result and also so NG can demand results because they are paid generously to deliver results

[@boyepal9856]

Philippines focusing more on politics kaya gnto tyo, need more this session. Sana next generation mas mging maayos pra ok ph Salamat po Ps hirap mo mahalin pinas

[@scuunjieng]

Salamat

[@jethroilagan9856]

The real challenge in the Philippines is the politicizing everything. Whether it's barangay level, local or national agency, private sector, medium or large taxpayers whatever. 😅 I used to work 15 yrs in government then eventually to private, but was extremely shocked with the politics/ culture in the private sector 😅. Sir consing please be an example, so the politicking would be greatly reduced if not eliminated completely

[@JoelConsing]

Thank you Sir!

[@scuunjieng]

Many thanks

[@asinglefrenchfry2983]

Our bankers are elite, especially those who work in the Bangko Sentral. They're literally world class that Central Banks from other countries are learning from them. Managing money in the Philippines is a tough task with all the chaos and insecurity happening all the time.

[@scuunjieng]

Thanks

[@jedi10101]

23:00 i think the issue of making it nonpolitical has to go beyond ratios. sure the ratios will point to this or that being the most important thing to address. we understand that process. *for the sake of discussion. assuming that the ratios identified infrastructure. how do you shield your shortlist & final decision to invest in an infrastructure entity from political influence? to put it bluntly, how will you prevent crony capitalism?

[@JoelConsing]

Thank you for your comment; it's much appreciated. I believe the governance we have established under our investment framework will shield our decisions from political influence. While we certainly consider sectoral data, our investment decisions are ultimately centered around our twin mandate of maximizing investment returns (FIRR) and generating positive socio-economic impact (EIRR). This will become more apparent once we begin deploying capital and our investments are disclosed to the public.

[@jedi10101]

@@JoelConsing i see. thank you for clarifying & i look forward to reading through the public disclosures. more power to you sir. p.s. i will delete similar comments i've made in other threads so you don't have to repeat yourself.

[@JoelConsing]

@ salamat and all the best

[@jedi10101]

@@JoelConsing you're welcome. i raised that because the taste of crony capitalism by the administration before the EDSA revolution & the succeeding administrations still linger. i pray that there will be effective guardrails that pierces through the corporate layering & other ownership obfuscation tactics. i pray that the disclosures identify who are the ultimate beneficiaries of funding from the MIF. best regards.

[@JoelConsing]

@@jedi10101 thank you. Maharlika is committed to transparency. We went beyond the requirement of R.A. 11954 by establishing board committees to ensure that the main aspects of our operations-finance, governance and ethics, investment, and human capital - have board oversight. I am committed to turning over a well-governed platform and well-structured portfolio to my successor when my term ends in 703 days. I appreciate your comments; they help us refine our thinking for Maharlika. All the best.

[@michaellestermonteron7025]

❤❤❤❤

[@scuunjieng]

Many thanks

[@oden-jo]

Curious if we can have Benjamin Yao to somehow get into the importance of revive domestic industrialization

[@CharlieTangoLaw]

I have many questions to ask about MIC that I hope this interview should be in podcast form LOL. 1. Will MIC be the first option in developing or at least participate in resources extraction or advancement in value Like Nickel,NatGas and ETC. 2.Will Cooperatives be able to join the capital formation for MIC? the long-standing problem with cooperative sector was if a cooperative become large enough no other coop can absorb the big capital and offer the same interest. can we see Private,Coop & govt partnership here? 3. Nuclear, I know that MIC will prioritize grid transmission for renewables, but will they also help with the long-standing issue of baseload electricity in efficient manner. 4. The momentum for capital growing will be a long long time from 75B what is the MIC total asset target for atleast the next 10 yrs.

[@deantan4080]

Mr. Consing, where can i have accurate data of road network for South East Asia per Capita? I would want to analyze that data too. Especially growth per year difference. I now understand why Thailand and Malaysia have manufacturing bases for cars there. There is alot of roads. Also Vietnam building their longest highway from North to South. Hope to hear from you or Mr. Stephen. Difficult to find to data source.

[@JoelConsing]

Dear Sir. I calculated what I refer to as Road Network Infrastructure Per Capita (per 1m people) from various sources such as Statista, ASEANStatsDataPortal, CEIC, World Highways, etc.). I hope you find these sources useful. Thank you.

[@deantan4080]

@JoelConsing thanks, I will search it. I read another source also where it stated that even if our road networks are short. Most of the highway "classified" roads we have in Phils are paved. So I guess the country invests in good roads but with high maintenance needed. Indonesia only has 80% paved. Is there a reason for this? Maybe climate? Etc etc I know it may not be your speciality to answer these questions but based on the interview, there might specific direction where MIF could go in terms of road infra?

[@rigobertoitachijohnson]

​​@@deantan4080according to MCC.gov "The Philippines has a total road network of approximately 200,000 km, including some 29,000 km of national roads. Approximately 79 percent of the national arterial roads are paved, and 48 percent of these require rehabilitation." what do you mean by "only" ? their landmass is bigger than ours, the percentages are skewed...

[@0401412740]

How much funds under management?

[@JoelConsing]

Sir, for now, we have PHP75 billion allocated to us to invest.

[@VivaciousStrutting]

@@JoelConsing Are you also lending the funds to international market?

[@na2072]

I nominate Mr. CuUnjieng to be part of MIC. (wishful thinking) hehe

[@scuunjieng]

Many thanks

[@LawyeredMr]

This is great. Hope some of the commenters would also be non-political. 🤣

[@scuunjieng]

Thanks and agree

[@samueloutthere5933]

Sir @scuunjieng, still on the regular schedule on Banker after Dark and monthly Stevenomics on Market Edge @ 3PM, despite of having changes beginning December 2? And If the stevenomics will be move in Business Outlook or still with Market Edge with Ms Michelle Ong?

[@scuunjieng]

Watch on Monday

[@samueloutthere5933]

@@scuunjieng Thank you in advanced.

[@CharlieTangoLaw]

Agree that the social issues should not be in a way politicized as this should be consensus among the politicians, will MIC consider aside from having website a social media platform like in X,Tiktok or FB? as one of its goal was to make MIC not politicized and more of a technocratic decision making driven GOCC.

[@NewB2025]

Hope you prove the doubters wrong. This could be one of the legacies of PBBM admin.

[@scuunjieng]

Thanks

[@justice_equity]

@6:53 On where the MIF, will invest?

[@Moneyandfood]

I have a few questions. Mr Consing mentioned the fund will be debt funded but he goes on to say the fund will receive dividends from the funders. Perhaps he should clarify next time if the equity they receive is debt funded by the investor. Secondly he mentions the investment parameters on sectors. Like 30%. Is that based on the market capitalization of the sector? Because some sectors like electricity already are relatively large. It seems the 30% figure was haphazardly chosen

[@0rbital]

So, is Maharlika going to buy out the Chinese in NGCP? It seems like NCGP is delaying most, if not all it's projects by design and is willingly paying the fine, which is a small price compared to the progress lost due to its deliberate delay in it's projects.

[@juanitogamboa]

Indonesia v phil?

[@archilife2555]

Invest in a solar farm or new 500 kilovolt submarine cable to Siargao so they have stable power for the tourist industry and locals.

[@thadsriway]

Hmmm. Anti maharlika ideas.. now.... host...

[@thadsriway]

No malice intended... but that's always the dilemma when an expert who knows more about the topic than the subject... becomes a journalist...

[@scuunjieng]

@@thadsriwaymany thanks

[@juamu1132]

jesus christ what happened to maharlika fund now?

[@horebeliot7090]

Buy Bitcoin with it.

[@gilberttello08]

Boring.....