Nasa 1,000 indibidwal, sumugod sa BSP para umano kubrahin ang nakatagong yaman ng Pilipinas

News5Everywhere

8 May 202403:25

Summary

TLDRAround 1,000 individuals from various provinces gathered outside the Bangko Sentral ng Pilipinas in Manila, claiming to be the rightful managers of trillions in hidden wealth. The group, including seniors from areas like Leyte and Pangasinan, demanded the release of these funds. Led by Prince Gilbert Salvador, founder of the group 'Democrat PH', they argue that the wealth has been hidden for a long time and should be released for the benefit of the Filipino people. Despite the protest, no money was received, and they left after submitting a letter to the BSP.

Takeaways

🏦 Around 1,000 individuals from various provinces gathered at the Bangko Sentral ng Pilipinas (BSP) in Manila.
👥 They claim to be the managers of trillions of pesos in hidden wealth deposited in the BSP.
📢 The group, including senior citizens from places like Leyte and Pangasinan, was confronted by the Manila police for assembling outside the BSP.
🗣️ The leader of the group, identified as Prince Gilbert Salvador, is the founder of the group 'Democrat PH'.
💼 According to Salvador, the wealth has been hidden for a long time and should be released to benefit the Filipino people.
📜 Salvador refers to the 1987 Philippine Constitution, suggesting that the BSP should be following its guidelines.
🚫 The BSP operates under specific laws and does not directly give money to the public; instead, it provides funds to the government for poverty alleviation programs.
🔍 The group left without receiving any money from the BSP but submitted a letter stating their demands.
📰 The news report was presented by Gary De Leon from News 5, urging viewers to follow and subscribe to News 5 for complete and comprehensive news updates.

Q & A

What is the main issue discussed in the transcript?
-The main issue discussed is the gathering of around 1,000 individuals from various provinces at the Bangko Sentral ng Pilipinas (BSP) in Manila, claiming to be the management of trillions in hidden wealth.
Who are the individuals involved in the gathering outside the BSP?
-The individuals involved are from different provinces, including Visayas and Mindanao, with some being senior citizens.
What is the claim made by the group outside the BSP?
-The group claims that there is a hidden wealth of trillion pesos that the BSP is supposed to release to the public.
Who is Prince Gilbert Salvador, and what is his role in the gathering?
-Prince Gilbert Salvador is identified as the leader of the group, and he is the founder of the group 'Democrat PH'. He claims that the wealth has been hidden for a long time and it's time for the people to benefit from it.
What is the group's demand from the BSP?
-The group demands that the BSP release the trillion pesos that they believe is hidden and intended for the public's benefit.
What is the response of the Manila Police District to the gathering?
-The Manila Police District is present to ensure the safety of the gathering, especially since it involves senior citizens.
What is the amount each individual expects to receive according to the group's claim?
-According to the group, each individual expects to receive around 20 million pesos.
How does the BSP respond to the group's claims?
-The BSP does not directly give money to the public; instead, they provide funds to the government for programs aimed at improving the welfare of Filipinos.
What is the legal basis for the BSP's operations as mentioned in the transcript?
-The legal basis for the BSP's operations is the 1987 Philippine Constitution, specifically Article 12, Section 20, which establishes the BSP as the central monetary authority.
What is the outcome of the gathering as per the transcript?
-The group decided to leave after almost an hour without receiving any money from the BSP. They left a letter expressing their demands.
How does the news report suggest staying updated with the situation?
-The news report encourages following and subscribing to the social media pages of News 5 for complete and comprehensive updates on the situation.

Outlines

00:00

🏦 Thousand Individuals Gather at BSP

A group of 1,000 individuals from various provinces gathered in Manila at the Bangko Sentral ng Pilipinas (BSP), claiming to be the rightful managers of trillions of pesos allegedly hidden in BSP. The group, which included senior citizens from areas like Leyte, was escorted by the Manila Police District due to their assembly outside the BSP. They demanded the release of the supposed wealth deposited in BSP, which they claim belongs to the Filipino people. The leader of the group, Prince Gilbert Salvador, cited the 1987 Philippine Constitution, specifically Article 12 Section 20, which states that the BSP operates under special laws to serve as the central monetary authority. However, the BSP clarified that they do not directly give money to the public but instead provide funds to the government for poverty alleviation programs. After almost an hour, the group decided to leave without receiving any money from BSP, but they submitted a letter stating their demands.

Mindmap

Keywords

💡Bangko Sentral ng Pilipinas (BSP)

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines. It is responsible for formulating and implementing monetary policy, maintaining the stability of the Philippine peso, and supervising financial institutions. In the context of the video, the BSP is central as it is the institution where the protesters believe trillions of pesos are hidden. The mention of the BSP being 'on the frontline' of the news suggests that it is at the center of a significant event or controversy.

💡Trilyon piso

In the transcript, 'trilyon piso' refers to the alleged trillion pesos that are supposedly hidden in the BSP. This is a significant amount of money, and the claim of its existence is the driving force behind the protests and the main theme of the video. The term is used to describe the magnitude of the wealth that the protesters believe should be released to the public.

💡Protest

The term 'protest' is evident in the script where it describes a gathering of individuals outside the BSP. The protesters are demanding the release of the trillion pesos they believe are hidden. The protest is a key event in the video, showcasing the public's dissatisfaction and their call for transparency and accountability from the central bank.

💡Gary De Leon

Gary De Leon is mentioned as a reporter 'from the frontline' of the news event. He is likely the journalist covering the protest and providing updates on the situation. His role is crucial as he is the conduit through which the audience receives information about the unfolding events at the BSP.

💡Roxas Boulevard

Roxas Boulevard is a significant location mentioned in the script, as it is where the BSP is located. The mention of Roxas Boulevard situates the protest in a specific geographical context within Manila, indicating the scale and potential impact of the protest on the city and the country's financial sector.

💡Senior citizens

The script mentions 'senior citizens' among the protesters, highlighting the diversity of the crowd and suggesting that the issue of the alleged hidden wealth affects people across different age groups. Their presence underscores the urgency and importance of the protesters' demands, as it implies that this is a matter of intergenerational concern.

💡Manila Police District

The Manila Police District is referenced in the context of managing the protest outside the BSP. Their role is to ensure public safety and maintain order during the demonstration. The mention of the police indicates the seriousness of the situation and the potential for conflict between the protesters and authorities.

💡Gilbert Salvador

Gilbert Salvador is identified as a key figure in the protest, described as a 'Prince Attorney' and the founder of a group called 'Democrat.' His involvement suggests that the protest may have organizational backing and legal implications. His role and the mention of his group indicate a structured effort to address the alleged hidden wealth.

💡Philippine Constitution

The Philippine Constitution is mentioned in relation to the BSP and its functions. It is the supreme law of the land and provides the legal framework within which the BSP operates. The reference to the Constitution implies a debate about the legality and legitimacy of the BSP's actions, as well as the protesters' demands.

💡Central monetary authority

The term 'central monetary authority' is used to describe the role of the BSP as outlined in the Philippine Constitution. It emphasizes the BSP's responsibility for monetary policy and financial stability. The protesters' demands challenge this authority, suggesting a conflict between the BSP's legal mandate and the public's perception of its responsibilities.

💡News 5

News 5 is mentioned as the news outlet covering the protest. It is likely the source of the transcript and the medium through which the audience learns about the events. The reference to News 5 situates the video within a broader media landscape and highlights the role of journalism in reporting on significant social and political issues.

Highlights

Around 1,000 individuals from various provinces gathered at the Bangko Sentral ng Pilipinas (BSP) in Manila.

They claim to be the managers of trillions of pesos in hidden wealth stored at BSP.

Gary De Leon, a frontline reporter, is covering the story.

Thousands of individuals from provinces like Leyte and Pangasinan are outside the BSP on Roxas Boulevard in Manila.

Among the crowd are senior citizens who were barricaded by Manila police.

The group's intention is to claim the hidden wealth allegedly deposited in BSP.

Many are now curious about the amount that the claimants expect to receive.

The claimants reportedly expect to receive tens of millions each.

Prince Attorney Prince Gilbert Salvador is identified as one of the leaders of the group.

Gilbert Salvador is the founder of the group 'Democrac'.

According to Salvador, the trillion pesos have been hidden for a long time and should be released to the public.

The group demands that the hidden wealth be used to benefit the Filipino people.

The 1987 Philippine Constitution is mentioned as a reference for their claims.

Article 12 Section 20 of the Constitution mentions the BSP as the central monetary authority.

BSP states they do not directly give money to the public but provide funds to the government for poverty alleviation programs.

After almost an hour, the group decided to leave without receiving any money from BSP.

The group reportedly submitted a letter to BSP stating their demands.

News 5 encourages viewers to follow and subscribe to their social media pages for concrete, complete, and comprehensive news updates.