24 Oras Weekend is GMA Network’s flagship newscast, anchored by Ivan Mayrina and Pia Arcangel. It airs on GMA-7, Saturdays and Sundays at 5:30 PM (PHL Time). For more videos from 24 Oras Weekend, visit http://www.gmanews.tv/24orasweekend.
#GMAIntegratedNews #KapusoStream
Breaking news and stories from the Philippines and abroad:
GMA Integrated News Portal: http://www.gmanews.tv
Facebook: http://www.facebook.com/gmanews
TikTok: https://www.tiktok.com/@gmanews
Twitter: http://www.twitter.com/gmanews
Instagram: http://www.instagram.com/gmanews
GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe
#GMAIntegratedNews #KapusoStream
Breaking news and stories from the Philippines and abroad:
GMA Integrated News Portal: http://www.gmanews.tv
Facebook: http://www.facebook.com/gmanews
TikTok: https://www.tiktok.com/@gmanews
Twitter: http://www.twitter.com/gmanews
Instagram: http://www.instagram.com/gmanews
GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe
Category
🗞
NewsTranscript
00:00A fire broke out in a market in China.
00:04Eight people were killed and 15 injured.
00:07Residents were not able to do anything while watching the shops that were on fire.
00:12The fire was extinguished after more than an hour.
00:15The authorities are now investigating the fire.
00:19Are you one of those who love to go to London or loan here, loan there?
00:23This new year, let's talk about loans.
00:26How to recover from a loan or be certified debt-free?
00:29Let's find out with EJ Comets.
00:36Vivian admits that she's used to borrowing whenever she can.
00:40She can't afford the budget because of the high expenses.
00:44In 2023, her cooperative loan reached Php 100,000.
00:50This new year, she has a new loan of Php 50,000 because of Judith or Judate.
01:07She has no choice but to go to London.
01:09Loan here, loan there.
01:14Vivian also borrows whenever she can.
01:18I really don't have any.
01:20I used to borrow at Php 5,600.
01:23According to the Banco Central ng Pilipinas,
01:25this past month compared to last September,
01:28the number of Filipinos who borrowed this October is increasing.
01:31Christmas is just around the corner.
01:33What happened to Vivian is a possible debt trap.
01:37In terms of loans, there are three strategies that the BSP recommends for recovery.
01:42The first is debt stacking,
01:43where the first payment should be the loan with the highest interest.
01:47The second is debt snowball,
01:49where the priority is to pay loans with the smallest outstanding balance or amount.
01:55The third is loan restructuring,
01:57where the banks or lenders are asked to make the payment without penalty flexible and affordable.
02:04In order to get rid of the debt,
02:06it's better to look for an additional racket or sideline to increase the income.
02:10But according to a financial expert,
02:12if the income rises,
02:14expenses should also be considered.
02:17It's not an assurance that if the income rises,
02:20the salary rises,
02:21it's in the lifestyle.
02:22If the lifestyle is high,
02:24you can't avoid borrowing.
02:28In order to be debt-free this 2025,
02:31it's possible to start adjusting the lifestyle according to the financial capacity.
02:36Discipline is a must.
02:38And learn to stick to the budget.
02:41There's no option there.
02:42If you prepare the budget,
02:45the expenses,
02:46for example, if it's travel,
02:48of course, it's leisure.
02:50So, it's also optional.
02:52So, you can do away with it first if you can't afford it.
02:56You need to stick to the necessities first.
02:59For GMA Integrated News,
03:01EJ Gomez,
03:02for 24 Hours.
03:11Some of our countrymen seem to be abroad to earn money.
03:14But they are not OFWs,
03:16but online sellers who are selling abroad.
03:19Bonaquino is aiming for a possible increase in their income.
03:27During the pandemic,
03:29live selling of plants was popular.
03:31In the past,
03:32only at home or garden in the Philippines,
03:34live sellers were selling.
03:36Now, it's leveled up because they are selling abroad.
03:40Like Lloyda Lasam,
03:42who has been going back and forth to Thailand for more than a year
03:45to do live selling of plants.
03:47The plants they sell in the Philippines are now limited.
03:51So, they went straight to importing countries.
03:54A lot of people are looking for rare plants.
03:58To give to their loved ones,
04:01we tried Thailand.
04:03The importer of plants in the Philippines,
04:06is Bea Clarice Cinco.
04:08In Indonesia, she chose to do live selling.
04:11The hybrids here in Indonesia are different.
04:15She earns around Php 100,000 in one live selling.
04:19But the big income,
04:21is equivalent to a lot of effort because it needs to be secured
04:24the packaging of the plants and permit of these.
04:28Here, if you see their sellers,
04:33they are very proud because
04:35the business is booming because they are supported.
04:38Their import and export is good.
04:42For us, it's very hard.
04:45According to an e-commerce advocate,
04:47live selling abroad
04:50is no different from those who sell products from abroad.
04:54But because of the spread of online selling,
04:57the competition now is more of
05:00what makes you different from other live sellers.
05:03You will look for products that you are the only one who sells
05:06or you are the only one who has that kind of access
05:08so that you will have unique viewers
05:12or you can capture niche markets.
05:14For GMA Integrated News,
05:16Vonna Quino, for Tutok, 24 hours.