Good morning, everybody. Thanks for bearing with us. Welcome. Your Excellencies, ladies and gentlemen. Just a few house rules to get things going with. Just to say, if you've got a mobile phone, please, for our panellists' sake, can you have it turned off? Just to say this is also being live streamed on the internet, and it will also be broadcast a week on Friday, six o'clock on Bloomberg Television, Hong Kong, and Singapore Time. My name's Rashad Salaam. I'm the host of a program called On The Move, which goes out at 9 a.m. on Bloomberg, each and every morning. And we will be ending with a Q&A session, and it'd be just good if you could mention your name and the organization that you come from as well. Thank you very much indeed. We should start off any second. Well, we're here this morning to discuss the challenges facing the ASEAN nations and how we can move away from growth models that are, well, fairly dependent on the export side of things. How can we actually have a deal of a greater degree of integration to move away from that and have intra-ASEAN trade here as well? And for that, of course, great integration, and that brings us onto the subject of we're looking at ASEAN's network to future. And I'd like to introduce our guest. We have here Cesar Corisima, who is the Secretary of Finance for the Philippines. We have Hirohiko Kojima from Mitsubishi Corporation, also co-chair of the World Economic Forum in East Asia as well. Harish Manwani is Global Chief Operating Officer for Unilever. And of course, we have over there Kitarat Narono. He is the Finance Minister for Thailand. And last but certainly not least, Tarek Sultan Alisa, who is the Managing Director of Agility Group as well. Now, I'm going to start off with asking each of our participants about how they frame the debate, what they think the priorities are. And I'm going to start things off with Kitarat Narono. Well, I would like to be most brief to say a few words about the relevance of this topic. The bottom trade within the region was lower than 20 percent. And as of now, it's already higher than 26 percent. And of course, 26 percent of the very high growth of trade. Thailand, as sitting in the middle of the mainland ASEAN member, and also we can connect to our friends in the east, like the Philippines and the nation, Brunei, and also down south Malaysia, Singapore. We believe that it's our responsibility to work the best with our member friends in ASEAN to offer ourselves to improve the connectivity and transportation system. And the efficiency of the so-called logistic and transportation as being non-human resource costs would allow the so-called human resources to be more efficient and have the ability to earn more in order to have higher possessing power for their well-being, of course, and as being the counter-trade partners with the other countries. That's what I believe. Kojima-san, you come, of course, from a Japanese perspective, but one which is, of course, with Mitsubishi so ingrained in this part of the world. Please. Thank you very much for your kind introduction. And it's a fact that Asia has taken a greater importance in recent years. And as a key driver of global economic development, and likely continue to do so in the future, particularly under such circumstances. And now, and Japan has a role, but I'll speak a little later. So what is the secret to Asia's sustained economic growth? I believe the reply is the region's economic diversity in terms of the different stages of development among nations. And the fact that the Asian nations are in different stages of development allows companies to be more selective in setting up a local production with labor costs rising in China. And other potential production bases like Vietnam and Myanmar are ready to catch up the competitiveness. Investment in these nations also serves to realize sustainable growth for the region as well as more industrialized nations such as Japan, South Korea, and China to focus on more value added business activities. This multi-level development framework gives Asia the flexibility of the regions. That is my point. Harish, I mean, I asked you whether you were global chief operating officer or Asian chief operating officer because you're based in Singapore, but it speaks volumes that you are based there. And it gives us an idea of the importance of this part of the world. Yeah, well, it's no surprise because 57% of Unilever's global business actually comes from developing and emerging markets and 90% of our growth comes from here. And if you just do a simple math, then 75% of Unilever's business is going to be in the emerging markets with Asia as our biggest block and ASEAN as a very significant block. If you look at ASEAN, for example, we operate in every one of the 10 countries. So our presence and we haven't, I mean, this is not new. We've been operating in some of these markets for 80 to 100 years. From a business perspective, if I can just make a few comments on ASEAN, the first, of course, is that we follow the people. There are 600 million people. This is one of the fastest growing parts of the world. And most importantly, it's been a beacon of stability in a context of a lot of economic turbulence that we've seen in the world. And that makes it very attractive. I think the excitement and the challenges of ASEAN are all related to how do we make this growth more inclusive? Because that's really what will drive it. And how do we make it more consumption like? So the first thing that I want to really put on the table is about how do we work together to create a consumption led growth model? And this is, to my mind, one of the big challenges of ASEAN. The second bit is around building intellectual capital and talent. It's interesting that while ASEAN is a great story in terms of economic growth, if you just look at the number of patents, for example, or the number of PhDs, and I'm using this just as a surrogate, the share of ASEAN is significantly lower than its economic share. And I think this is an area that needs to be worked at. The third, and to my mind, what we as Unilever feel very passionately about is this whole concept of sustainable growth. Because we live in a very resource-starved world, whether it's energy, water, and so on. And how do we work together between public, private sectors to really create a growth model that will be not just sort of good economically, but good in terms of also being more sustainable. And lastly, if I can make one comment, which is something I often make, we often make within our company, what is the purpose of coming together as a block? And I think the purpose of coming together as a block has to be always to remember that you still have to be locally relevant. I think the point that was made about cultural diversity, national boundaries and sovereignty, locally relevant, regionally leveraged, and globally material. And I think to my mind, if you can hit these three, you hit the sweet spot. Cesar's Ministry of Finance, Secretary of Finance for the Philippines, presiding over one of the biggest stories right now in ASEAN. What's your view? Well, I believe the future of ASEAN is bright if we do things right. Imagine, as a single country, we'd be the third largest in population and seventh largest in GDP right now. I believe we need to do things right in three main areas. In regulation, infrastructure and people. In regulation, I think we have to realize that there will be no room in an integrated ASEAN for regulatory nationalism. We all have to go for harmonization of our regulation in the areas of customs rules, in the areas of mutual recognition, in the areas of standard across the board. Second, in infrastructure, I think what we need to attain is what I would refer to as complementary interconnectedness. Companies like Unilever will have a main role in making this a reality by making sure that all 10 countries will be winners in integration. And they've started doing that by making countries specialized in certain products. At the global company level, I think that's good. What we need to do is work on regional companies and ultimately SMEs. The third area is people, because after all, economies are about people. In ASEAN, we still have about 80 to 100 million people in poverty. And we need to make sure that we invest in them. And this is right at the heart of the agenda of President Aquino in the Philippines. We're investing in our people, our infrastructure, and we're opening up our country. And I think we're seeing the effects of that, that with better governance, we can unleash the potential of our country. Tariq, of course, logistics, the heart of your business, no doubt the heart of the priorities that you want to seek. And also, of course, these bottlenecks that do exist therein. It's correct. We tend to frame the opportunity as being one associated with the supply chain. We all know that FDI is largely driven by how competitive the supply chain is. And the research shows that up to 10% of growth within ASEAN is being literally robbed by not addressing some of the supply chain barriers that exist. So from a policy perspective, the low hanging fruit is how do we address these barriers? And I think there's two parts to them. There's the physical infrastructure barriers. And I think countries by and large are doing quite a good job developing the physical infrastructure. There's some initiatives across that are being funded by the ADB through the east west corridor that are addressing the infrastructure from a regional perspective. I think countries can do more by filling in the gaps, working on selective basis on partnerships with private companies to fill in the gaps that aren't being addressed by some of the larger plans. But by and large, I'm quite confident that from an infrastructure perspective, the government's will get it right. The main issue or the main concern is on the softer issues, the soft barriers. And for me, there's three that I think are essential. The first is that when you look at the way countries approach supply chain issues, these matters impacting the supply chain are dispersed between different government agencies across the board, it's courts, it's customs. There's no single body that's responsible for supply chain competitiveness in a country. So I think the first thing that we need is a regulator on a country by country basis that's responsible for the supply chain. We have regulators in banking, we have them in telecom. I think it's about time that we had them in the supply chain. If 10% of growth is at stake, then I think it makes sense from a policy perspective to have such a body. Secondly, that sort of organization needs to be cascaded upwards within ASEAN. So ASEAN also needs to have a mirror of that organization with a body of its own that can look at the soft supply chain issues that are really responsible for, I think, driving growth. Thirdly, I think at the end of the day, this cannot be accomplished without really looking at the electronic infrastructure for trade. A lot of investment has been made in ports and airports and oftentimes it's the easiest to do. But what holds back the potential of those investments is not having an electronic infrastructure that allows all of these stakeholders to communicate with each other and to function as a system. And that's where I think the opportunity lies. Thank you, Tariq. Let's start off with asking Harish about the supply chain issue as well. I mean, it's the heart of what you do as well. So what needs to be done? Where are we? And what are the next steps? Yeah, no, I think it's a very valid point. And like I was saying, when it comes to leveraging efficiencies regionally, it's important. I mean, you know, you don't want to have a situation where there are absolutely no economies of scale. And supply chain plays a really critical role here. I mean, we have, for example, manufacturing plants are almost all the countries. Having said that, the whole logistics behind end to end sourcing of raw materials, and you spoke about specialization. I mean, there is a lot of scope here. Now, we haven't quantified it. But all I can say is that more and more companies are moving towards regional supply chains. I think global supply chains, particularly in fast moving consumer goods, is still a step too far. But regional supply chains, certainly. And I think I fully agree that there is a lot of scope here. One of the key projects that we're working on is the national single window. And the goal is to make sure that each of the country has one and will connect to each other. Because then the imports from one country automatically become the, or the exports rather from one country become automatically the imports into my country. Not only will make movement of goods much easier, but it will reduce smuggling. I think a key to this is making sure that we harmonize our standards, our nomenclature and everything to make sure that our systems work with each other. And we have seen the impact of this in the electronics industry. It's one of the industries that were integrated ahead of 2015. And in the case of the Philippines, 15, 20 years ago, they were already sounding the net knell for our own electronics industry because the cluster was not complete. But with advanced integration, our cluster now is not just the Philippines, but the whole Asian cluster. And moving electronic products from the Philippines, say, to Penang or Singapore is just like moving it from Chicago to California. And I think that's what we need to do with the rest of the industries. But this will need a lot of coordination. Yeah, Kitarai, the political will to do that. And what benefits do you see from it for your country in particular? Well, of course, to add to extensive risk was that us in member countries has got commitment to develop ourself, this whole call, national senior mentor, because we really want to be more sufficient when we interconnect. The trouble is you have so many different and disparate, as Tariq was saying, government departments who are fighting for their own slice of the cake, aren't they? Yeah, what I'm about to add after that is that once we have international commitment with our dialogue partners, it's also internal commitment because we're talking about several organizations within the country, those government organizations and agency. We really have to work together in order to develop the so-called national senior mentor. So the strong will on the political side is there because we have a milestone deadline in order to deliver that. Then I couldn't have agreed more with Sutan Alessa that to improve the area of government regulatory work can be very effective in terms of economic prosperity. And in Thailand, the list of finance where I'm directly responsible is designed with the work from the government to work with all other ministries and also government agencies to look into the area that we should improve. The ease of doing business is important. Then I would like to encourage you all to work hard into that. And if we can achieve that, I'm sure that the economic activity is not only within the country, but from outside. They will trust us more and they will be happy to do business with us with more efficient costs. What about human capital as well? I'd like to ask Kojima-san about that. Human capital. I mean, you've got so many different factories, plants, et cetera, offices in this part of the world that you've got to transfer those staff there. You have a huge amounts of paperwork you have to go through. Okay, I referred a multi-level development framework and in these connections, and we are developing our business in Asia, then Japanese companies have a long recognized and leveraged multi-level development framework in their own business strategies. The company has their own business strategies while providing much needed transfers of technologies and business practices to other Asian nations. And rather than simply transferring existing infrastructure and systems, when relocating production basis to Asia, Japan companies have worked closely with local employees and utilizing their collective expertise to address local issues and challenges, while developing the kind of local talent capable of making their own decisions in their future. These processes also facilitated the division of the labor throughout Asia, which helped to make the region's supply chain more efficient. I'm very much confident that this economic diversity which has served Asia so well in the past will continue to play a very key role in her future prosperity. That's very, very important. Well, I believe human capital is one of the biggest assets of Asian. Our average age is 27, as opposed to say Japan at 43 and Europe at around 43, but we need to make sure that we will allow mobility. We need to make sure that we invest in them. We need to make sure that we get the right people in the right place. And that's why the Philippines is excited in integrated Asian because we will be the second largest population in integrated Asian and probably the most mobile. But whether we're mobile or not, it's important. We should have the right skills. And that's why since President Okinaw took over, he's increased the budget in education by over 50%. And we'll continue to do so because having our people actively participate in the future Asian integrated economy will be crucial to making them believe that it's a win for them. Because if poverty stays, then people will say that their life is worse off. So we have to make sure that everybody's a winner. And this is where companies like Unilever, the global companies, will really play a very important role. They cannot put all their eggs in one area. They have to make sure that each country will have a role in this integration so that they will improve their trust and confidence in integration. Can I just just a quick add to this thing? I think there is another dimension that Asian countries have to have to start looking at, which is how do they benchmark globally? And it's not just about regionally. Can I make two points, one on supply chain? We speak about costs. I think the opportunity for ASEAN is how do you marry the concept of Japanese quality with Asian costs? And how do we really make sure that in terms of benchmarking, you are able to go out there to the rest of the world and be able to show that you can do both? I think there should be much more emphasis on quality and cost and not just cost. That's one. The second on talent. Again, I would say if a large part of the world's growth is going to come from Asia, there is absolutely no doubt in my mind that we are not producing the kind of talent and leadership that can be globally benchmarked and it's the responsibility of countries and companies indeed to build what I call global leaders, not necessarily leaders that are ASEAN leaders or Asian leaders. You're going to make this happen to some extent with what you do. So what's your take on it? Well, I think first the issue of cost. It comes back to what I see are the supply chain barriers that are actually leading to those costs. I think the way you address that is by having or thinking about the ability to change. The only constant going forward in the future is that the pace of change is going to accelerate and as governments and specifically around the supply chain, it's going to be very difficult to change with the current approaches and I think that we need to focus again on this concept of a regulator, focus on electronic infrastructure because the only way to get change to stick is to be able to manage it in a different way than we have in the past. Again, with 10% GDP growth as the the bonus, I think it behooves everybody to really focus on this issue and let's have somebody on a country by country basis responsible to actually improve the supply chain on a sort of benchmark by benchmark basis. When we get to that stage, I think we'll have the ingredients necessary to actually move very quickly and reap the benefits of this change. Kitterang, how far are we away from a genuinely free market, a single market perhaps? When do you envisage it happening and indeed human labor, human capital is going to be absolutely at the center of that? Well, form-wise we're not that far away substance perhaps still have to solve a little bit of a problem in the mindset but I would like to refer that you know histories repeat themselves. If you talk about you know the less prosperous economic situation we've got to start suffer or enjoy depends on how I want to term it with the unemployment low wage, cheap labor cost but then after a while when the economy can improve itself into higher prosperity then the cost living is higher, wage is higher then naturally the more labor intensive industry, business and low value added would have to be solely transferred to the less prosperous economic that happened in Europe, it happened in East Asia not too long ago even like three four decades ago, East Asian countries the base is to produce low cost government then later on it's impossible anymore and then Thailand absorb it. Now it's about time for Thailand to work to transfer those living tensiveness into the others. Then when you talk about how far away we're from the education I think as I said form-wise we're not that far because now as an example we've been working for decades and as of now the custom tariff of about 90% of items is down to zero already. Now the rest is only very small items and before we approach 2015 I'm sure that all the tariff will be eliminated but then the problem that we have to make sure my own set have confidence in my own self will be the NTV and not to replace with the no tariff with the non tariff barriers and that has got to be something that we have to hold hands and work together because countries will be under some pressure with domestic misunderstanding or demand to help solve problems in some area but I believe that because of the long period of time that our same country has been worked together I'm sure that we can achieve that crazy. As of now people seems to divide into three steps like you know trade in goods, in investment and then the free flow of human capital. As of now I think instead of doing step by step the three aspects of this are working together in a very good progress. I'm going to bring in Kojima-san before I say so. Kojima-san you of course have a huge experience with them going up the value chain you mentioned economic diversity saying it was one of the great success story why ASEAN was so successful. Could it be a curse as well? Yes and the presence of many nations being at different stage of development means that the region is home to providers of capital and technologies and the low materials and the energy and production bases and labor are also boosting an impressive consumer market for business this means that there are an opportunity to build supply chains therefore value chain management and supply chain management are very important in Asia. Up to now say Japanese companies have invested mainly in Indonesia, Thailand, Malaysia, Philippines and other Asian nations also and we are now trying to develop more in Asia. We have shared our work ethics and sense of reality with the local work forces introduce Japanese manufacturing techniques and develop value and the supply chains. One example is Thailand's auto parts industrial cluster which Japanese companies have promoted and this kind of business model now coming out so many therefore we like to develop more business and we like to communicate collaborate with Asian countries from time to time then eventually the level of the value chain and supply chain will be now increasing. I'd like to pick up from what Kon Kitarat mentioned earlier that we're getting there. I believe we'll get there if we do not lose sight of ASEAN centrality and this is where I think TPP the Trans-Pacific Partnership will pose a key challenge to the ASEAN as a region because TPP has four ASEAN members as members and as you know the aspiration of TPP is a high standard trade agreement and if that happens the four members suddenly become a backdoor entry to the rest of the 10 and this can cause problems because the non TPP member countries of ASEAN who might lose in terms of the US market might start putting up their hands and that's why I think as a block we should never lose the key premise in integration which is centrality of ASEAN and if we lose that we won't achieve our goal of having a common customs border we won't achieve our vision of making ASEAN the hub of Asia trade because we should not remember forget the fact that individually the ASEAN countries are small unlike the BRIC countries and we are only strong or stronger if we work together if we harmonize together and if we look outward together because if we start competing with each other instead of complementing each other then we will have challenges especially from a political standpoint domestically so I think that's what we should not lose yeah well I can't agree with with the points that have been made firstly what does a business really want business really wants to make sure that there is regional harmonization of regulation I think that's point has been made and it's absolutely critical the second bit is the eventual removal of not just trade barriers but non trade barriers that's critical and I just sorry such as such as for example you know pre-inspection that have to be done quota systems on agriculture products there are lots of these that that impede movement of goods and again I come back to saying ASEAN is bigger than I think ASEAN even imagines this is 600 million people fast-growing economy surrounded by some really big markets so my view is that when you when you talk about intra ASEAN trade it's a big opportunity it's 25 percent today if you look at EU for example it's two thirds is intra EU now you can say they were bigger countries but the way I see this between the ASEAN and ASEAN plus three there is a huge intra trade opportunity that can be unlocked if we can actually create these these common markets in a true sense and and the last bit bilateralism must not trump creating an economic block in ASEAN and that I agree with you is the real danger everyone wants to go and do different deals then the logic of ASEAN goes. Tariq how do you respond to that? I totally agree I think the solution to the opportunity is within the ASEAN and I believe that the opportunity needs to be approached from a ground up in ASEAN and only by doing so will you fully realize the potential of this tremendous block. Keterad okay this is almost when you use words like commonization it just strikes me it's almost EU talk here now let's move along and talk about what else we can talk about the EU and what they've been through. Would you see single currencies being ever something which the ASEAN nations would consider or just shudder at the thought of it. But to be as straight on as I would say impossible. The reason is that you know ASEAN countries and to send ASEAN the economies in East Asia too we have together suffered with the ASEAN economic crisis in 1997 and we have seen the benefit of the exchange rate currencies which I believe that it's the very important substance of this market-based and capitalism system the country. I think if just imagine what if after 1997 Thailand for example we somewhat take our Thai part currency with the US dollar 25. So actually by nature we dollar rise ourselves or we are in the US dollar zone. But what if after that crisis we have got to still stick to that and then cannot adjust the local currency to the level that would turn the country from a deficit situation to surplus. We perhaps wouldn't have today. Of course it's so painful in early days that we have got to accept that fact but it helped solve the economic problem of these countries in Southeast Asia. So I think it's impossible for the idea of a single currency among the ASEAN members. I thought you might have a question. No, no. I totally agree with Konketerat that single currency is not something we're looking at but more integrated financial market is I think what is necessary. Individually our markets are very shallow. What we need to do is create an ASEAN class of financial instruments so that we can attract continue to attract large capital to the region to help us invest in our infrastructure, invest in our businesses. We also need to create the market deep enough so that we can recycle our own reserves. What currency would they be denominated in that as a thing these financial instruments? It doesn't market, it doesn't matter. So long as the standards are the same, disclosure requirements are the same, the trading platform is the same, they can trade in pesos or Singapore dollars or Thai baht but the market are connected. That I think doesn't need to be one term. By being one doesn't mean you have to lose your individuality. I think it's important that you're just working together towards a common goal. The reserves of the region is almost a trillion dollars. Imagine we have to send that out to the money centers of the world for foreign fund managers to determine whether they can invest it in ASEAN when it's our own money and I think it's important that ASEAN people determine where their money goes and for that to happen we need to deepen the market, we need to integrate the market and I think that's a goal that we should do earlier than the 2020 deadline. Harish I'm not going to ask you the currency question but what about the deepening of these financial markets and with the company like Unilever which is so global does it really matter for you? Well you know for a global company what matters is simplification and essentially I think the more important thing is simplification of regulatory processes that's number one simplification of taxes and so on within a country so you don't create complex myriad of this thing and of course financial markets that work. To my mind I mean I'm glad you didn't ask me the question on currency we've got too many experts here all I can say is that it's a very theoretical discussion we are having considering what people are seeing in the EU but having said that the idea is to have a transparent financial market that is as simple as possible and I think it's I mean you know remember that there's not just one currency in the world there are still many currencies in the world and the world seems to be moving ahead and the problems are not caused because because there is no single currency so I think it is possible to manage the system even within the current context. Tarek. I think it's very clear a single currency would not give us the 10% growth bonus that we're looking for that's going to come from looking at the supply chain issues that are impeding those opportunities and that's where we should focus and the focus first starts at a local basis and the and creating the capacity to change and impact the supply chain across each and every country within the ASEAN and then after that how do you do it for a regional perspective. Tarek. I'm interested this 10% of GDP is it a one-off or is it over a certain length of time what? You know the I think it is a one off and I think it's a theoretical number I personally believe that it's probably a lot there's a lot more at stake than just 10% I think it's a compounding sort of repeating benefit because when you start addressing these barriers all of a sudden all the issues related to labor mobility are being pulled by demand and you know you can you have a growth that's driving sort of revenue development you have growth that's driving employment opportunities so it becomes much easier to address some of the issues that are facing the ASEAN so I'd like the audience to take part now if they would do I'd just raise your hand say which person you'd like to address and your name and the organization you're from as well I think it's that gentleman with the glasses over there first of all. Thank you Mr Chairman and Patsuo master from Japan I'm teaching in Agoya and they're fascinated with wonderful talk about towards unification of ASEAN and overlapping with what EU has experienced over the half century but let me play at a devil's advocate and I'd like to ask one word by each panelist what would be the largest risks going against the efforts of implication of ASEAN in future would that be the impact of climate change would that be the joining of PTT or intervention by big powers from outside thank you. Gitarat Ranongong first. Well I think the high risk is not those as identified by the you but I believe that it's the mindset and understanding of the people because by work together they're always pro and cons in every move of the economic activities and policy and if of course the administration of the country would try to look at the overall benefit of the integration but of course they might have some negative impact immediate impact on certain groups and then those certain groups need time to adjust themselves so I think that's the that's the greatest risk and as a politician I think it's the political risk of the understanding of the waters within the country. I've got to get another politicians view here as well. Well I'm not a politician but I think bilateralism is going to be a big issue when countries start continue to think of themselves vis-a-vis the world rather than ASEAN with the world because if that's the case then it will create all sorts of complications politically for the various leaders of the region and in any integration process you need a lot of trust when people bring their guards down they don't want to make sure that they won't be hit by a punch so we need to continue to build the trust we need to continue to prove to our own people that they will win in a more integrated ASEAN and all of us governments corporations multilaterals and the big powers will have a role if they want to see a stronger integrated ASEAN. Harish very quick word from you on this. Yeah I think this is still a socially economically and politically a very diverse region and staying the course in terms of ensuring that the people on the street see the benefit of what is good for the country is also good for them to my mind that will always be the challenge and therefore I mean to put it simply inclusive and equitable growth is critical to you know people looking outside their own boundaries. Lady the front here please. Good morning my name is Barbin Zhao I am the Senior Reporter for Publication Court Foreign Direct Investment and I'm representing the Financial Times Group. My two questions well my question is for the two gentlemen who are representing the respective governments the Honourable Deputy Prime Minister from Thailand and the Secretary of State from Philippines. My question is regards to country specific weaknesses and there's not much that's been discussed with regards to that so for example Thailand's GDP contracted in the first quarter of this year by about two percent and so one of the things that I'd like to know is what measures are you putting in place to offset the possible global headwinds that are happening for example the eurozone slowdown and the consequent effect it's having on your respective economies and also one of the things that hasn't been specifically identified is some of the weaknesses in your doing business environments so could you identify to me what some of the weaknesses that you have identified and how you're working to counter these thank you. Which one of you wants to go first? Well I would say that information about the GDP in the first quarter contracted by that percentage as compared to the fourth quarter of last year but if compared to the first quarter of the year before it's still 5.3 percent growth of course we had expected that the year-on-year growth should be somewhat higher but of course I think we all understand that the weaker economies that used to be our important buyers they're not that ready to buy that much from us anymore so that's why when this government stepped into the office a year and a half ago we made very clear that we can't hope that Thailand would be an export led growth as we have been enjoying in the past a decade and a half and more and we cannot be too proud of being a cheap labor country now the country is not suffering with unemployment problem actually unemployment problem in the country unemployment rate in countries as low as 0.6 percent so we have to work to improve the productivity efficiency and hope that our people millions of those people whether in the urban area or in rural area would earn more in order that they can improve the quality of life of cost and also become a better consumer for the products produced in Thailand also outside Thailand so I think it's more than that we realize that we need to change and besides not only the improving the possessing power of the country but we realize that in the past a decade and a half we haven't invest enough in the necessary infrastructure of the country especially in transportation system that's why the government announced the plan to invest as much as 65 billion US dollars in the following seven years to improve all the transportation system of the country I have all the reasons to believe that after seven years or a decade the global economy should be able to solve our weakness problem but in the meantime if Thailand work harder in the area of infrastructure investment it would not only help stabilize our economy in the medium term but it would prepare ourselves to be most ready when the world is ready to move more aggressive in terms of growth so after 2020 the planned investment in the transportation system would be completed and then that's how we look into the immediate term medium term and the long term this is all very briefly yeah if you ask the IFC the Philippines is 138th in the world in terms of ease of doing business and yet we grew at 7.8 percent in the first quarter 6.8 percent last year we're one of the few countries that have grown consistently since the Asian crisis we're among the leaders in BPO we're number four in ship building among the leaders in semiconductors so my question is if you focus on these witnesses then you as a businessman will miss all these opportunities the important thing is to look at the fundamentals of the country what are the fundamental assets of the country sweet spot in terms of demography for the next 30 to 50 years right location right at the heart of what is the most dynamic economic region for the next 30 to 50 years fifth in mineralization right the heart of the coral triangle we're working definitely on this infrastructure challenge regulatory issues but definitely I think despite those so-called weaknesses I think the opportunities are there in the Philippines and the rest of us here could you sum very very briefly the recent weakness in the yen does that make Japanese corporates less likely to be expanding abroad and investing abroad and investing domestically instead very very quickly it's a very delicate question therefore say I think it may take some more time for us to say finalize this currency situation in the world and particularly in Asia and I have so many offices in the world therefore I know euro programs and also the currency itself is very very we have to seriously think about that and give us some time gentlemen over there the fourth row third in hi thank you Ken from Parami Energy local company I'd just like to address my my question to the Mr. Kajima and the you talk about the diversity I fully agree with you diversity make people excited and motivated and for example you know you go to Myanmar down south you have a beautiful beach and we go up and then you have a very sunny experience and then you go to the up north you will have some skiing the resource or something like that so the I just want to ask you the vision of that you have in terms of this that ASEAN network the in the future so how how how's the how's the japan and the the the superpower like japan see this the east Asia economy network in the future and the what are the the the major binding factors and what are the challenges to have this the network infrastructure to be sustainable thank you so much very quickly so yeah in japan say we have already since japanese yen was very high and strong therefore say most of the japanese you know manufacturers have to you know say go out from japan to manufacture the main products say and outside of japan means Asian countries and under such circumstances around the type of technology should be established in japan but the actual manufacturing including parts and so forth are now almost all of them are in say Asian countries therefore now under such circumstances we should collaborate or communicate or human resources should go on back then eventually we'll go to the say right directions that is the current case and maybe I do believe say some more beautiful situations in Asian countries that is my idea anybody else ladies back in the black hello Rowena Anil from Sydney Australia hub of young shapers young global shapers my question relates to the comment that was made at the panel about the importance of building within ASEAN global leaders and I'm wondering what can ASEAN government and business do to really enable young people to grow their capacity who would like to answer that I can pick that up since I think I made that point I think firstly let me start with what companies can do as your business begins to move more and more east which is what's happened you have to have a mindset which says that if you have to have a longer-term perspective on successful running successful businesses developing local talent is a necessity not something that's good to do and so on therefore this over reliance and dependence on bringing expatriates to run your business so for example in our company a lot of our local leaders by the way are indeed local just to give you an example Myanmar which is a business we restarted in 2010 is run by a local person is the Burmese because we do think it's important to have local leadership and develop local talent so it's a mindset firstly and longer-term it serves us well Indonesia we have a local chairman and so on and so forth and that's the way we start a starting position is second is it's not just about leadership how do you really identify leaders early and build capabilities organizational capabilities and capacity we have a system for example where we recruit a thousand interns across the world by the way a majority of them are recruited in the developing markets and the career templates that we create for them are not just building their careers in the local company people like myself I'm a product of exactly that process that I'm describing to you and I think therefore companies have to do their bit as far as countries are concerned it starts really with providing you know it's the educational facilities that you provide and how do you really create the infrastructure for I would say high quality education at least you know at the primary level because that's where it all kind of starts so it's a combination of both and I find that there are lots of countries now engaging with the private sector in terms of generally lifting the skills and capabilities of their people I really do believe the big issue in Asia not just ASEAN but larger Asia is employability we have a large number of graduates coming out but there's no employability to that extent so we have to work together on that agenda very very very quickly Tarik well the sectors that are most impacted by by supply chain barriers are the SMEs and I think if you're thinking about how you develop young leaders and create opportunities going forward I think you have to look at the segments of the economy that are most heavily impacted by these non-trade barriers so I think that's one part of the solution the second obviously is focusing on unlocking the growth potential growth means there's more opportunity for everybody including young leaders to to develop well that concludes that the audience bit I want to just ask one final question of each of you don't spend too long on it please which is what will ASEAN look like in a decade what will it look like and what would you like it to look like in a decade and I think we'll start with Harish ASEAN will continue to be to my mind the biggest economic growth areas in the world and if you're talking about a decade it's not a very long time so I think I'll put my money on ASEAN Gujima-san Yes I think so I have the same ideas in the decade time ASEAN is say in economically the biggest in the world and I'm watching the say ASEAN's economy and Latin America is now going up and also China economy is now but it's still very big and therefore in total ASEAN economy is the biggest in the world that is my idea Kichirat Well I think the effort of ASEAN 10 working together I don't think we try to group ourselves, integrate ourselves and then exclude ourselves from the rest of the world we only believe that once we are working together we can improve the standard practice and governance and rules and regulations also mindset to make it most harmonize among ourselves so I do believe that after a decade all the members will be at the highest standard and once it's highest standard this would be it would be good for all of us for ourselves for the other members in ASEAN also for the world and I believe that we still want to work for the rest of the world to really understand whatever practice we should improve before my departure I have the chance to attend a company a Korean company opening the new hybrid headquarter in Thailand and the majority of the subsidy of that company is actually a Japanese company sending the help except in Japan also the other shareholders happen to be Malaysian so I think some reporters to ask me that why is this happening and they're not opening up the factory in Thailand they're sending products produced from Korea to into Thailand how I would respond so I said I'm very happy if it's right for them to open factory here because we are good enough so be it if it's not let's work with all of them together in the most constructive way Tariq I think 10 years from now we'll probably be saying the same thing that's probably the most exciting investment region opportunity there is all you have to do is look at the a structure of the population countries like Indonesia and realize that you know in 10 years you still won't be able to address the opportunity that that market is going to create intrinsically from its own growth so you're saying ASEAN has a great future in 10 years it'll have a great future that's right CESA find out what well if we don't lose sight of ASEAN centrality I think you'll see an ASEAN with more than double the GDP more than double the per capita with more than double the intra ASEAN trade and with ASEAN achieving its vision of becoming the hub of Asia trade intra Asia trade thank you very much gentlemen please put your hands up for Kajima San of course CESA Puraesima Harish Manwani Kitrat Narong and Tarek Sultan Al-Isra


Hello, everyone. My name is Melissa Armone. Today I thought it would give a little lecture about what kind of trader are you? Are you a day trader? Are you a long-term investor? Are you a swing trader? I really think it's important to know your time horizon. And by the way, you might be all three. You might have day trading in your pocket, something you do where you're quickly in and out of trades between ninth or any four, or you might be a swing trader. You have swing positions where you're in a couple of days or a couple of weeks, or you might be in a long-term investor where you buy a position or short a position in the market and hold it out for months and years. You could do all three, like I said. A lot of people for the retirement accounts, obviously they're looking out far out ahead, but it does depend what age you're at. Are you in retirement now? Are you close to retirement? And that's something that you really gotta think about when you're looking at long-term investments for yourself for retirement. What kind of trader are you? You can be all three if you want to, but the way that you manage risk and the amount of money that you risk and how aggressive you wanna be with risk is very important. You might be very aggressive as a day trader, but you might not be as aggressive as a long-term investor and that's okay. You should have a separate trading plan or separate money management plan for each time horizon that you're looking at, whether it's day trading, swing trading or long-term investing.  If you're day trading, looking at the stuff and the market falls hard, fine, capitalize on that if you can and if you want to as a day trader, but don't necessarily lose conviction in the market as a whole, looking at the long-term trend if you're in retirement accounts. And I think that's what gets people confused. You can be all kinds of trader if you want and actually I think that's great because once you learn how to day trade extremely well, you'll be much better off in looking at long-term investments. A lot of people though just have the long-term investments then they want to get into day trading and then they get confused and they go back to the long-term stuff. Think about what you're doing. What kind of trader are you? If you're all three and you're looking at time horizons for all three, you need to have money management plans or risk management plans for all three so you can space them out. So you get up in the morning for day trading, focus on that. If you're taking swing trades, I'd say look at them in the afternoon, look at them once a week, look at them every two or three days.  Once a week is good enough for that or if there's any kind of volatility in the market you can take a look at it. I would say separate yourself in your mind so you don't get screwed up in the head about it and make sporadic decisions that you later regret by taking two early of an entry or two early of an exit in something. And it doesn't matter I'm talking about day trading, swing trading or long-term investments. You wanna make sure you get the timing right in your trades. I'd rather see people do that and make money and wait and make money at a great placement rather than buying too soon or short too soon in a stock in something. The confirmation is extremely, extremely important and really what helps you with that is knowing yourself, knowing how much risk you can take. Obviously if you're well off from retirement 10, 15, 20, 30 years away from retirement you can take more risk and long-term investments than if you're in retirement right now. So you really gotta look at your situation, everybody's different, make decisions based on what type of trader you wanna be. I do think that one thing that's very, very interesting is if you learn how to day trade well, if you learn how to recharge well, like I do in a small timeframe and it's really gonna help you on a bigger timeframe looking at stuff too and then you'll become better at everything that you do with every investment decision that you make whether it's in in-app quick or whether it's for the long-term. If you're interested in learning my Golden Gap course email me at mollus of the stockswush.com you will learn how to reprice action, whether stocks are getting bought or sold off and that will help you make decisions no matter what kind of day trader, swing trader investor you want to be. Thanks everyone, have a great day.


A dog isn't your dog, is it? Until you name it. And a problem isn't your problem until you identify to name it. Those names and labels that we give to our problems become our experience. Our experience becomes our narrative. Our narrative becomes our life. And when we misdiagnose our problem, wrongly name the dog if you like, we finish up using bogus solutions to fix something that we've not properly identified yet as the real problem and spend years exhausted trying to solve a problem with bogus solutions because we're only identified it. So this year can we try to properly identify our problems. I think it will simplify your life and stop you wasting your energy trying to fix things that are not the problem in the first place. Love you guys. Thanks for being here. I hope that helps.


Welcome to nursing school explained and this video on test prep and test taking strategies as you know in nursing school There are many exams and at the end of nursing school You're going to be studying for your NCLEX your national certification and Licensure exam so the best way of preparing for that big exam at the end of your nursing school career is to prepare and Really practice these things as you're going through school Now what I've written down here in this video and what I'm going to be going over here shortly are strategies that I talked to my Students about all the time because my job was when students did not do well on an exam to sit down with them and Evaluate see how they study what the strategies they use and What techniques they use and then there are typically always? The same kind of things that the students needed to support them and so I've summarized them here for you to hopefully So hopefully they can help you as well So let's get started here So critical thinking is the first thing we need to discuss critical thinking in and nursing are really Interrelated you've probably heard the term a lot and it's not foreign to you Don't think about this as a nursing concept only critical thinking is something that you use in everyday life In when you go shopping when you drive somewhere When there is a problem that arises in the tasks that you have then you use a critical thinking to solve that task And that really all critical thinking is it's designed to solve problems As well as make decisions and then in nursing we follow the nursing process our assessment Planning implementation and then the evaluation in the end and you do that a lot already So don't think of it as foreign and these other strategies here will help you get better in your critical thinking and Then it is super important to prepare for class many nursing schools now They do not provide traditional lecture anymore Which is why I'm hoping that my videos with the content actually help you but in order to prepare for class You need to come in and know the topic No will have read at least a little bit about what you're going to learn in class because the instructors many times Do not have time to just go over certain things that you can just acquire the knowledge for by watching videos or reading your textbooks so prepare for class and any assignments that there are So that way when you're in class and when you're discussing these disease processes or whatever it is that you are learning that you can Participate in the discussion and you already know the very basis And then can kind of take it to another level as you're discussing a patient care scenario in a case study for example And then study group study groups are super important That's one of the things that I tell my students all the time get together with your classmates But keep the group small maybe three four maximum of five people And it really helps to bounce ideas off of each other because one person heard an Additional detailing class that maybe you didn't hear the other person thinks about it differently And when you're discussing these things it helps your critical thinking it helps you remember those discussions during your exam and that will benefit you tremendously and Then the very important part the types of questions that you encounter on your exams And they are basically divided in four categories. So first of all there are knowledge questions So these are pure memorization So this is something like normal values for vital signs normal lab values the landmarks for your apical pulse Oscultation those kind of things things that you're just going to have to memorize Now taking it a step up is Comprehension so now you have to show that you're understanding the memorized information So this is kind of still requires you of course to memorize certain pieces But now it's not just reciting that but it's to actually understand why is it why do we assess the apical pulse? at that fifth intercostal space at the mid-clavicular line Next level up would be an application question So now you have all this memorized information, but you utilize the information in a patient care scenario So now it's it gives you an apical pulse through it And you have to determine whether or not it is safe to give a certain medication for example And then the highest level of question is the analysis question where you actually now have the acquired the knowledge You understand it and you know how to utilize it But now you're also able to compare and contrast the information Interpret the data come to conclusions from that interpretation and understand relationships and differences of things that occur in this particular question and So from top to bottom here from knowledge to analysis these types of questions increase in difficulty and they also increase in the percentage that you're going to see them on your exams as you advance through your nursing courses So in your very fundamentals class you're going to have questions that are mostly Knowledge and comprehension questions and then some application problem analysis If you're just about to graduate you have already acquired the knowledge and you comprehend the material Now you need to show that you can apply and analyze the information given That's why later on in your nursing school career the questions get more difficult And here's the important part every nursing school They have policies and procedures that they follow and they also have a test plan where they say okay You know a first semester 80% questions are going to be knowledge and comprehension and 20 are going to be application and analysis and typically these two are kind of a Together and then these two are kind of lumped together Where so 80 20 in your first one in your last semester you might have 20% knowledge and comprehension and then 80% application and analysis because now you've been through the knowledge Acquisition you have memorized the information now You need to show that you're ready to take that nice national licensure exam And that's what most of the the questions are going to be on application and analysis because now you're getting ready to practice as a as a registered nurse and To to prove to the licensing body that you're actually able to apply the information that you've learned And so the tidbit here is ask your professor about a test plan or a blueprint Because they might give you an analysis where it says okay for this topic We have so many questions of knowledge and comprehension and so many questions for application and analysis Or at the very least you can ask them what their policies are going forward in the nursing semester So that you know the percentage of questions that you should expect on the exam Now when it comes to actual test taking there is something that we call the race model so a race is an acronym here that we use and When you're actually faced with a question now It's very important to recognize key words and those are usually in the question as well as in the answer If you have a piece of scratch paper there Or maybe if you even take an exam on paper and pencil it's you can highlight those or underline these words If it's okay to write down or write these key words down on your piece of paper so that when you might get confused with reading through the answer choices that you can come back to that key word and And figure out what it is that's actually going on in this question. What is key to this question? And then a ask yourself. What is the question really asking because let's be honest questions can be confusing They might have an introduction might be two three sentences long and by the time you get to the answers You don't even remember what they asked you so we maybe reword the question for yourself What what do they really want to know? What do they want me to answer here and Then see critically analyze every option in a relation to the question and all the other options So that's when you go back and you say, okay a Maybe be absolutely does not apply see maybe and then D I don't think applies so then you're usually left with two options And then you have to critically analyze it in relationship to the question because maybe a and C are right But C doesn't really apply to the question. It's a right correct statement But it doesn't really reflect back to what the question is actually asking you which is very important That you are reading the questions in every answer choice very carefully and then reflect back to these keywords What are they asking you and then in the end you're going to eliminate the incorrect options and come up with the correct answer number six do not ever change your answer Unless you find out that you misread the question you missed the keyword You didn't see the not which one does not apply something like that Then you can change your answer But if you were between option a and c and you picked a but now you go back and you review it and now you want to go with C, please do not change the answer Many times or actually research has shown that I think it's the percentage is greater than 80 percent If you change your answer, you're still going to have the wrong answer So might as well stick with that first gut feeling that you had and just stick it please don't change your answer and Then number seven practice practice practice and practice some more Practicing these type of questions is going to what's gonna get you ready for your exams the more you do it the more used You'll get to the types of questions and the better you'll get at answering them And the best way is to do these type of practice questions Now here is another thing There's a company called F.A. Davies They're a book publisher that mostly does health care Professions and they have a lot of different nursing books and what I found over the years is really really helpful Is their success series and that is specifically for nursing students? So they're called the Davies success series and there's a variety of books there. There is Test success fundamental success, which is more applicable to your first semester or introductory foundations classes in nursing school and then they have success books for Pediatrics, MedServe, Psychiatric, Maternal Health, Pharmacology Really any specialty that you can think of and then they also have an Anclic success book Which kind of summarizes everything that you need to know in one book and this success series? I have example of it right here looks like this Davies test success These are the test taking strategies for beginning nursing students and actually some of the information I put down here like this race model comes from this book So they tell you how to approach these questions and that really really nice thing is that they have tons of practice questions They are available in hard copy and they also have availability to online resources Which is called Davies Edge and these questions online are updated constantly So if you go back later, then you might see a question that you haven't had before and as the NCLEX changes they can update These online questions and so it gives you more opportunities for practice And the best thing about it is they give you the Rationals for the correct as well as the incorrect answers because now if you got stuck here between option A and C and A was the correct option But you chose C for example, then you can read why is A the right answer and C is not So they give you the rationales for why one one answer is right and the other ones are not right And that I think is the biggest learning impact that this book series has because otherwise if you just know This is the correct one and here's why but you don't know whether incorrect one is not correct Then you're not really going to get as much learning out of it And that's why I really love this success series so much and I have another example here of the fundamental success And then again with this Davies Edge here for the online resources and keep in mind They don't actually review material in their books the test taking strategies has some strategies that you can go over But actually they don't actually give you information where there's like a couple pages of the information for the chapter like a summary It is these are strictly questions and answers with rationales And the thing is I like them so much so I've contacted FAA Davies and They know that their products are good So through nursing school explained you can get 20% off all of the resources Well, that's digital or hard copies and free shipping if you use the coupon code Petra 20 So that's my name and then 20. I will put the information about All of this in the description of the video below so you can have access and I also need to let you know That this is an affiliate link So when you use this coupon code not only do you get 20% off plus free shipping But also I get a small percentage for the referral and know that these are resources that students over the years have found very helpful So I hope that they will help you too. And here's a little extra bonus with having a little percentage off here and Then once you get done with all your practice questions you take your exam And then it's very important to reflect after the exam and before the next exam What went well what didn't go so well? How did I score on my exam? What can I do better next time and then most of all it's important to be and stay positive nursing school is super stressful There are so many exams and assignments and clinical and places to be and family to take care of at home So just stay positive even if you don't do as well as you would have liked on a certain exam If you follow these test-taking strategies and reuse the resources You will be successful also ask your professors stay in touch with them see with other advice They can give you but like I said before these are kind of like the things that I find are Have found very helpful over the years Just for students and then they have succeeded through their nursing school Now there's also another video that I'm going to put on about what to do on exam day to actually prepare for exam days That you're mentally and physically prepared to take that important test So thanks so much for following nursing school explained also check out my Instagram account Check the description below regarding the information on FAA Davis and I hope this video has helped you See you soon right here on nursing school explained. Thanks for watching


All roles lead to the property show happening on the 27th and the 28th of August, 2022. The show will be in Center and Convention Center as well as virtually, so you can join from anywhere you are in the world. Tickets are still available at thepropertyshow.co.za. So tonight we are having a good conversation that you would definitely want to take part in. But before we get into that conversation, remember to engage with us, send us your comments, send us your property-related questions, and you could win 500 grand cash by also sharing that post, and winners of that 500 grand cash will also stand in line to win tickets to the property show. So tonight I'm sitting with somebody who is no stranger to the podcast. I'm sitting with Luanda Kotla Limajik. Thank you so much for joining us. Thank you very much for inviting me. You are a transactional broker at Galatier Real Estate, and this is something that you are really passionate about. So before we jump into our conversation, just tell us what exactly does a transactional broker do, and why is it such a passion for you? I guess when you understand the property space and you see a lot of people making mistakes every day, you can't help yourself, but you want to assist them. And also we are a highly regulated industry. So you actually want to always guide them so that they never make the same mistakes. Sure, and how long have you been doing this? And as I asked in terms of passion, you know, it really goes beyond just helping people make these transactions. You're literally giving people a home. So how long have you been doing it, and how has it impacted your life and the life of others?  You never realize the part that you're playing until somebody comes to say thank you. And sometimes you are faced, I mean, I'm on the sales and auctions team at Galatier. Sometimes you go see a property so that you can auction it and you find that there's a way that you can actually help the client or the person who is having problems with the bank to meet their payments, you find that there is a way that you can assist them. And you end up because you become very conversational and you end up wanting to help them not to lose the property. So sometimes it's not about the deal, but it's about making sure that you, the company is very well represented. Sure. And you know, you have a very strong financial background. So one would think or assume you work for a bank rather. So why did you choose a corporate agency and how has that changed in terms of your career path? All right, so I spent over 24 years, I'm not trying to give away my age in investment banking. And that was a wonderful experience, understanding the economy of the country, just understanding the vibe of what makes South Africa a great beat in the sense of how the economy works. So a friend of mine, in fact, maybe just to go back a little bit. So 2020, I wanted to start my own little spuzzer shop. And I actually resigned from my job I was looking for an asset management company. And I was a business development manager there.  I'm done with banking. I've been doing this for so long. So I need a change. Maybe if I could start my own consultancy. And unfortunately for me, I was finishing my resignation in February, 2020, and over 24th of March, then when they told us the news and there was no way of spending money on something that you don't even know whether, I mean, we didn't even know when the markets were going to open. So eventually I started calling some of my old friends, some of the companies that I knew were struggling with finance or maybe raising capital for their small businesses. But obviously they were very reputable. They had built so much into their businesses, but obviously they needed to grow. So I spent March until November, just marketing myself, my consultancy, and see what would be the low-hanging fruit. And one of my friends called me in 2020, asked me to come and have coffee with him. So I went to do coffee with him. And when I went for coffee, it wasn't a coffee discussion, but he wanted me to come and assist him with his business. And I said, but you know, I don't know anything about selling properties. And he said to me, listen, if you've done lending, if you've closed deals, if you've worked on projects, I mean, I've worked on volumes and volumes of projects and I've been lucky enough to be exposed. So he said to me, listen, this is not a rocket science. So come through, let's discuss it, but I need you to be here full-time. You can park your consultancy for a little bit and I can teach you the ropes. And that's how I started 2020.  And for somebody who doesn't really understand, you spoke a little bit about how you are currently in the auctions and sales, right? So just maybe take us through how that looks, what some of the transactions that you encounter look like and what are some of the mistakes that you spot, especially in the property space?  So what are some of those mistakes that you've spotted compared to other industries, or even just generally in terms of what those mistakes that happen in the property industry? Overpricing. I have, you know, we become very emotionally attached to the property. And sometimes you realize that there's a problem and you need to resolve this problem so that it doesn't, you know, bury you. So you want to sell so that you can pay your bank and move on. But I find that there's so many properties which have gone to auction. I mean, there's properties that I have come across that have been to at least four auctions and they still haven't sold. And I mean, that's the same question that I asked. Like, what happened? Why didn't it sell? So those are very important questions. So I like to do my own comparisons. I mean, Galeti, we have a whole team broken sales and then we've got GCS as well. So the team, it's like an open plan. We use a hot desk. So you can literally just go to anyone and find out. So how do I do this? How does this area perform compared to this other area? So the brokers also have certain areas that they work at. So those numbers are readily available. It's not rocket science. So I will go through the comparison, sit down with the client, make them understand. If they believe that I can sell their property, they will give it to me. And at the rate that we have discussed, otherwise, sometimes we have to cut our losses. It's sad because you want the commission. But you know that you're going to waste so much time holding a property, trying to sell it. And yet it's not saleable. Sure. And what advice would you give to somebody who is a first-time home buyer, you know, they're coming into the market for the first time. And you've maybe dealt with some of these transactions before. What are some of the advice that you could give them? Speak to the bank. You know, speak to your banker. Go to the bank even if you don't have a banker. Visit them. Just find out what you're up against.  Involve, go to a real estate agency. Try to involve them. Tell them what it is you're looking for. These people are there to help you. They're not there to just take commission. And I know sometimes we try to run away from paying commission. That commission, it's a saving grace for many people. Yeah. No show. You know, when we talk transactional brokerage or brokering, a lot of people think you're just adding another player to this big mess, you know? And I'm trying to just get a property. So why would you say it's important for one to have a transactional broker when they are starting a process of getting a home or even a property? Maybe the person is an investor. And you know, investors want to make sure that they spend less and increase their returns. So what is that advice that you would give them to say, this is the reason why you need a transactional broker for this? So the process, like I said, it's a very regulated, a highly regulated process that you go through. And the reason you need a transactional broker, there is jargons that you come across in these mandates or in the agreement. And you are struggling to even relate what it is that they want from you. I've seen people sign offer to pages as the ones that they buy from P&A. And I wonder, like, OK, if you sign these agreements, you don't even understand what's in the agreement. How well do you think this agreement is going to represent you when somebody has taken off with your money? And it's not like we don't know that people have lost so much money trying to do private sales friend to friend. It doesn't work. So try to use the professionals. We are regulated. We are on the system. You can even do your own homework to find out who Luanda is and what Luanda can help you with. And we act in assisting the buyer and the seller. So the transactional broker sits in between. And when it comes to the types of properties maybe that you engage in, are we talking only residential or commercial? Or is it both? Is it just any property that one has? So at Galei to be focused mainly on commercial. So it will be your office space, a retail, petrol stations, industrial properties, you name it. When we have residential, it's usually like a packaged parcel of residential properties. We try to not represent residential because it's not our space because our strength is more on commercial. Sure. And if somebody is going in for a residential, I understand that Galei just does that, the commercial side. But if I'm going into farming or going into a residential farming, do I still need a transactional broker or is it just really for huge deals? No, you actually do because you still have to go through the agreements. I mean, signing an offer to purchase is not all of it. You still have to go see the conveyance. You've got some documentation.  Sometimes you don't even know the type of zoning, what it restricts you from doing. So you don't want to buy a property. And then you find that the ideas that you had for that farm, you cannot actually put them through counsel. And they cannot be approved by counsel because of the state of what that piece of land is sold for. Yeah. And let's talk about property investors. Somebody who's watching us today and is a property investor and wants to pivot their property portfolio, what are some of the advices that you would give them in terms of getting a transactional broker on board in terms of their team and then understanding a little bit more how to grow it? What advice would you give them? So people must never get intimidated by titles. All right? People must learn to speak their mind and speak their peace and understand what it is that they're putting themselves into. If somebody wants to invest in property, I, as a transactional broker, I also need to understand what do you want to do with the property? So there'll be a string of questions that I will ask. And from those questions, I'm able to understand what your needs are and what are you trying to achieve. So my main role is to understand what you're looking for and present you with what it is that you're looking for. Sure. Now, thank you so much for that. Really great insights that we are receiving tonight. And really, really appreciate it. Before we conclude, funny question. If you were to receive $10 million right now with your expertise and with your experience, what would you do with it? Well, I would invest it. In fact, I would invest in, so if $10 million is a friend, it sounds like a large sum of money. But when you start shopping around to realize that it's not necessarily that much. But it's always best to look for an income generating property that can actually help you to pay off your lending from the bank. Because sometimes we just go with eyes closed that I want that property. It's not about I want that property. Check the numbers, understand the numbers, understand how they relate to your rate per square meter, the property, the position. You have to understand all of those things. Food security is another one of my passion as well. Because I have been looking at how some of your big, like your pick and pay, your checkers, and super spark. They're growing every day.  And now they're partnering with some of the funds to say, OK, this is the type of property that I need. Because we need to have like immediate access when it comes to whatever food storage that they need to use it for. So I find food security for me is very important. So if you have a warehouse, you can never run dry because there's always somebody who's looking for storage to store their dry goods. Sure. Now, thank you so much for that. Any closing words as we round up today's conversation? Yes.  So that system, it helps us to map the entire, you know, South Africa and we can tell you where properties are, where investment properties are, where they can land is.  We have the system to do that. I mean, we look after properties like a portfolio, like tenant portfolio. We do leasing. We also do sales on auction, like I have said. And I mean, yes. And the list goes on and on. Well, thank you so much and really, really does show the importance of having a transactional broker because you bring in so much great expertise. I mean, if you ask me what I'm going to do at $10 million, I might just say I'm buying my dream home. But you were talking things that would really, really help somebody who needs and who needs those expertise at the right time. Thank you so much for joining us and have a good one. All right. Thank you. Thank you so much for you, for tuning in until we get to this part of the episode. We really, really appreciate it. And thank you for sending those questions, sending those comments and sharing. The winner of tonight's competition, oh, yesterday's competition, rather, will be announcing the comments section and make sure that you don't miss out on that. Until the next time, we see you. Remember to get your tickets at thepropertieshow.co.za. Thank you so much for joining us and have a good night. This year, we're back. In real life and virtual with content generated in our Metaverse studio. We've designed the exhibition space to replicate the world's most popular property game and added in activities for the whole family, including an indoor park and play area. The game board is divided into four journeys, namely, first time homebuyers Boulevard, Investment Avenue, Sellers Street, and Renters Road. Visit thepropertieshow.co.za for more information and to get your tickets today. The property show 2022, 27th to the 28th of August at the Santon Convention Center. No matter where you are on your property journey, we've gathered the experts.


Another way of saying that everything within the cosmos is simultaneous is that ideas leave not their source. There is no gap. There is no space in between events, a span of minutes or seconds or days or months or years, that separate events because ideas leave not their source. All events are of the wrong mind. There is no gap. We were just reading the line that for time and space are one illusion which takes different forms. If it has been projected beyond your mind, you think of it as time, the nearer it is brought to where it is, the more you think of it in terms of space. So time and space are just this little gap in between cause and effect. And the teachings of the Course, the teachings I'm teaching are that there is no gap between cause and effect. And if there is no gap between time and space, there is no personhood. Because that's where personhood is. It's in that gap. It isn't. It isn't. It seems to be. That's where it is, but it isn't. The subject-object split. We're taking time. We're taking time. We're taking time. I think the first half hour could be so crucial, I bet, huh? I feel like I'm running to catch up here. Step back, please. You must say that in another way. He could say it in many ways. The subject-object split that we talked about can only be equated with that gap. No matter how you come at it, you just have to see the impossibility of that gap. The whole teachings of the Course is that there is no gap between cause and effect. The whole teachings of the Course is that there is no such thing as linear time. But by hanging on to linear time, personhood, I hold the gap. And I'm standing here like this. Cause, effect. Hold it, pushing it away. It's hard, but I can do it. To use the example of the Hub or the teaching learning sessions where I say, you know, bring all of your adjustments, bring all of your logistics to the Hub and see that there aren't any. You know, the whole point of mysticism is to keep coming and coming and coming and going and going and going towards that point where you see that cause and effect aren't apart and there aren't any logistics to handle. You know, it's even the things that we seem to be doing as messengers of peace, you know, preparing whatever, a cover page or a part for the front, preparing applications to send into the IRS for non-profit status. Everything that seems to be done in the world is perceived within the basic assumption that cause and effect are separate. That you have to do certain things to have other things happen. That if you do this, then this will happen. If I apply for non-profit status and I fill out all the forms and do this and this and this and I really am persistent with it, then non-profit status will be granted. Cause, effect. If I plant a seed, plant some seeds and I put them in fertile soil and I water them and there's sunshine and there's rain, the seeds will grow. But how does that say, why is that showing that their separate cause is separate from effect? Because one is happening before the other seemingly in linear time. Cause always precedes the effect. And what the teachings of the Course are and what we're coming to see is that's ludicrous. The world of images is a projection of unreal effects that are coming from this unreal cause. If you think about the projector, the motion picture analogy where there's the projector and then there's film going through which would be the false cause. And then the images that are seen on the screen at the movie theater, those would be effects of the projection of those images. But if the film's not real and therefore the image, if the film is an unreal cause then the images are an unreal effect. But when you're watching a movie from a seed point of view it seems as if, you know, how the mind gets identified as if it's right there in the movie and it starts feeling startled or happy or crying and doing all these things because it believes in these false cause effect relationships and it really believes that people do things to other people. And certain objects, you know, like in science for every action there is a reaction. The mind really believes in the reality of that. So that's why when you go really deep into this stuff it can start to seem disorienting. Tom and I were talking about on our walk today is that times there can be these disorienting moments where the world as one has known it doesn't seem to be as it was. Things are not as they appear to be in the world. There's nothing in the world that there's not this cause in the world that's producing this effect in the world. It's all generated from my mind. The cause and the effect, that's where they're simultaneous. It's all in my mind. So the thought of a cause, the effect goes along with it because the ideas leave out their source. The ideas in my mind, that's what's generating it. That's where it's coming from. Then the effect is there as well. There's nothing in the world. It's not like having the thought produces something in the world and then the cause and the effect. I guess the question that I am at then is how does knowing this help us out? I guess what I would ask is do you it? Is it even a valid question to ask do you experience it differently?  You don't have to assume that I'm a person. Just think that there's a symbol. Whoever I'm speaking to now, do you experience it differently? It's not even whoever. It's with the clarity of mind, with the right mind. How is that perceived? That's a question. That's still, I want to know... You want the experience. I want the experience and I want to know if that's possible. Meaningful. This is what you will experience. Written down doesn't help me out because that's still... I take that and say that's a possibility but if I don't know how to get there then it doesn't help me. How is this helpful to us? How is it helpful is it's a goal as peace of mind or the peace of God which we stated and you can formulate it in different ways than the mission statement and so on and so forth, joy or however you want to look at it, freedom, whatever. Then this is the most practical thing. See the recognition, the realization that caused an effect or not apart is imminently practical in the sense that that is the state of peace, that is the state of restfulness, that is the state of contentedness, that is the state of joy. It's the state of pulling it all back to the mind too and not seeing that cause and effect out here in the world as something separate. The whole purpose of time is to see that there is no linear time. It can seem like, oh, it's a mind bender kind of in a statement, but while that statement we just read, don't project it to time, time is as neutral as the body is except in terms of what you see it for. What is the purpose that I have for time? What am I using it for? David then gave two examples. The second example was that of advising someone who had great resistance to the idea of drawing unemployment to apply for benefits. He did so as advised. However, when found ineligible for benefits, he thought having done so was a waste of time. But it's all about the healing of your own mind. I could tell that there was resistance that you were having. Going and having the Holy Encounter with a woman with a German accent was that a waste of time? Was getting in touch with the resistance, the feelings that you were having about being in that office when that was coming up? Nothing is a waste of time. No perceptual image, no event or circumstance is a waste of time if you use it to get in touch with what you believe and how you perceive the world. Anything in that sense can be used for your healing to start to see that cause and effects are not a part. You can see that those are like specific examples of just getting back, back, back and starting to move into the experience of I don't know what anything is for. Where you're not trying to think that I know that this is the way things happen in the world. So if I do this, then this will happen. If I do that, then this will happen. That takes a lot of effort and strain to hold on to that kind of a conception of the world. So to answer your question, what's practical about this? Joy, peace, happiness, rest. That's the state of mind that comes from the recognition that cause and effect are not a part. That's the experience that you want. And when we go into these metaphysics it's just to seem to bring the mind to that experience of that. It's not to get into a bunch of deep philosophical metaphysical stuff so you can go pontificate and go around the country and come across philosophers and professors and prove how deep you can go or how fancy the words can sound and all this and that. No, this is eminently practical because this is about coming to the awareness of peace of mind. Another way of looking at it is if you start to really come to the awareness that the script is written and that there is no cause and effect in the world, well, that takes all the struggle out of life. You see? What would you be striving for? What would you be striving to attain in the future if you can really come to see that cause and effect are not separate? What a joy! And there are no results in the future. Yeah. Future results, future outcomes. You know, I've been saying over and over that to me I have this feeling in this experience that everything is complete now. Messengers of peace are no messengers of peace. Non-profit status are no non-profit status. Tapes, journals, teaching learning sessions, traveling of the country, coming together with people or no coming together with people, no journal, no teaching learning sessions, this and that. It's all the same from this perspective, from this state of mind. There's nothing that has to evolve or unfold. Yes, those metaphors will still be helpful at times. But more and more what I want you to do is look at to go beyond the metaphors. I want you to leap into that experience. That's what you really want. You want the experience. You don't want the words. You want to go beyond the words. Do not project this fear to time where time is not the enemy that you perceive. Time is as neutral as the body is except in terms of what you see it for. What is my purpose for time? If you would keep a little space between you and your brother still, you then would want a little time in which forgiveness is withheld a little while. And this but makes the interval between the time in which forgiveness is withheld from you and given seem dangerous with terror justified. Yet space between you and your brother is apparent only in the present, now, and cannot be perceived in future time. No more can it be overlooked except within the present. Future loss is not your fear, but present joining is your dread. Well, that's a good sense. Future loss is not your fear because it sure doesn't seem that way. Oh, yeah. If the mind believes in linear time, future loss seems to be big time. Primary source of fear. Yeah. But present joining is your dread. So, you know, that's that experience of a lot of times people feel


So what the magnets do is you can now physically feel the vibration because you hold the magnet to next to the coil, it'll shake in your hand violently because of the energy coming from it. Also, you can, it's kind of acts as a focusing element of the energy, of the energy field as it comes out of the coil. I put the two qi coils yin and yang in front of me. I play my biohacking frequencies, methylene blue, bpc 157.  I don't have to meditate. I'm just sitting there working on my laptop and I'm getting this daily energetic therapy every day and every day I'm getting stronger. I'm 43. I do boxing and I'm basically outpacing all these 20 and 30 year olds. So scaler is another time. I mentioned that there's different types of qi energy, right? So scaler is a different kind of energy. So scaler waves is a little bit more complex, but basically when two electromagnetic fields of equal, let's say frequency or equal intensity, when they meet in the middle, right? Let's say you have one coil on the left, one coil on the right and they're facing each other. They're both creating this magnetic field and when they meet in the middle, it doesn't cancel out, right? Well, it cancels itself out. Like if you have, you know, you know how noise cancelling headphones work, right? Yes. Okay. It's basically uses a mic to pick up what sounds is coming in and then it plays a sound that's opposite of that. That's why it cancels out the sound. So, but according to a lot of conservation, energy never cancels out. It goes somewhere. It has to go somewhere, right? So when you have two electromagnetic fields and they are equal to each other and they face each other in the point of middle, they don't cancel out. They create a third, I mean, another type of energy called scaler waves in the 90 degrees from it perpendicular to the energy field. So long story short, basically it's like this. You can't really detect it because it's cancelling out, right? But you can measure the effects of it on plant life or on humans or on biology.


Everybody Matt here for Leighton sports cards ripping three boxes for Cody H We have two boxes of 2022 tops tier one baseball and one box of 2022 tops pristine baseball Good luck Cody. This is the first box of pristine I have ripped in months Nothing in queue right now. So no hurry. I'm just gonna Open them as if I were opening a box for myself. Gary Carter Clayton Kershaw I'm Derek Jeter and rookie gold 50 Tony Santilla. Yeah, that'd be all right No, I'll be on I'll be there on Thursday Sam there's Ron Carew base 10 case pristine. I don't know. She might not come back then How you doing today Sam? Guys I have nothing else in queue after this break So feel free to grab a box if you want something ripped Gavin sheets Jordan Alvarez, and this is Matt relic auto Joe Carter. That's a cool card. I Know right wolf nice Joe Carter and auto Xander Bogarts Nice one Cody That is not numbered. Yeah, those city jerseys. Those are cool. Did you had you do on those Rory? Wander 92 that's awesome. I Don't know about it just a few minutes ago, but I pulled a Nolan 91 design variation Aaron judge for you Those 92s have been tough pulls. I think I've only pulled like two of the 92 design variations There's Colton Welker and Babe Ruth. That is purple to 99. This is blue Andrew Vaughan That is to 75 Zach Shorten Zach pop. Yeah, see her in Muncie. Yeah, that's crazy. I've ever probably More than that number of cases and haven't seen that or haven't seen more than that. They're so layer without brujan and There you go, Cody Ozzy Albie's gold There's a brave for you. That is 15 of 50 nice Albies Let's find you some more braves Arnie Clement and Anthony Rizzo purple to 99 Lendor This is Otto Casey Mice Nothing else in queue after this break grab up some boxes if you want something ripped. Oh jeez It's Mariano Rivera and Joe Maurer Audrey Dawson Vlad Ozzy Ronald Acuna Jr. Pure Power and Mark McGuire And you go nice big Mac Tier one, let's do it. This is Jersey to 299 Alex Kiroloff. It is Otto to 299 Keebrian Hayes The back of his card. Yeah, it was Sam. That is Jordan Alvarez Otto to 175 Solid bet hits there. All right. Here we go That is Jersey to 299 Miguel Cabrera and Jersey to 399 David Ortiz Here's rookie Otto to 299 Trey Ambergy back Jersey Otto to 99 that is Ian Hap 99 of 99. All right, Cody, that'll do it for your break. Appreciate the purchase. We'll get these right out to you