President Marcos mentions economic growth of 7% for the Philippines this year

Not so long after Finance Secretary Benjamin Diokno stated that the Philippine economy is expected to grow by around 6.5% this year, President Ferdinand “Bongbong” Marcos stated a figure of 7% economic growth for 2023, according to a news article by the Philippine News Agency (PNA). GMA Network and the Philippine Daily Inquirer each had similar news stories.

To put things in perspective, posted below is the excerpt from the PNA article. Some parts in boldface…

During the Country Strategy Dialogue at the World Economic Forum (WEF) in Davos, Switzerland, Marcos presented the current state of the Philippine economy and the opportunities that are expected to be unlocked.

Marcos, in his opening remarks, cited that while the International Monetary Fund’s (IMF) forecast for the 2023 global economic growth is only 2.7 percent, the Philippines projects that its economy would grow by at least 7 percent this year.

The IMF’s latest projection is slower than the 3.2 percent posted last year and shows a significant decrease from the 6 percent recorded in 2021.

“Our strong macroeconomic fundamentals, fiscal discipline, and structural reforms instituted over the years have enabled us to withstand the negative shocks caused by the pandemic and succeeding economic downturns and map a route toward a strong recovery,” he said.

Marcos said the Philippines remains focused on sustaining the country’s economic recovery, as well as promoting a local environment that would help businesses maximize their competitiveness and facilitate their entry into the global market.

He added that the Philippines’ development plan puts together coherent strategic measures to address the current energy and food crises, allowing the country to hasten its economic and social recovery toward inclusive and resilient development.

Addressing challenges – In his speech, Marcos also emphasized the need for the world economies to implement sufficient welfare measures to cushion the impact of elevated inflationary pressures, especially on the most affected and vulnerable sectors.

“We have seen inflation accelerating globally in recent months. While protectionist policies may be appealing in the short term, there will ultimately be no winners,” he said.

“We support the call for all governments to unwind any trade restrictions and reinforce our commitment to the World Trade Organization (WTO) reform.”

Marcos also renewed the Philippines’ support for the timely and effective delivery of pragmatic outcomes to address the current geopolitical risks, adding that economies should try to find a common ground to settle critical global issues.

He likewise emphasized the importance of economic and technical cooperation to assist the development of smaller economies and enable their participation, including the small businesses and economic segments with untapped potential, in the global economy.

Marcos said it is also vital to address the current social vulnerabilities, noting that education, skills development, and lifelong learning would help enhance the employability of workers.

Government interventions and public-private partnerships (PPPs), he said, must be strengthened to improve access to employment opportunities, adding that health systems and social protection must also be enhanced to abate and mitigate present and future risks.

Digitalization – Marcos also acknowledged the need to pursue heightened collaboration to realize economic and social transformation.

He believed that his bid for digital transformation is a “key driver for long-term economic growth.”

“The government also recognizes the importance of digitalization as a key driver for long-term economic growth and as a tool for economic recovery,” Marcos said, adding that he would put a premium on the participation of micro, small and medium enterprises (MSMEs) in the digital economy.

More details are available for reading in the PNA’s news article.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you believe that the Philippines can achieve 7% economic growth this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

A Look Back at What If #61 (1994)

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back superhero enthusiasts, 1990s arts and culture enthusiasts, Marvel Comics fans and comic book collectors! Today we go back to the wild 1990s and examine an alternate universe portrayal of one of Spider-Man’s many events told through the What If monthly series!

If you are looking for a portrayal of Spider-Man going over the edge and into the extremes emotionally, you are about to experience something in this retro review of mine. Some time ago, I reviewed a What If comic book about Spider-Man becoming a murderer which was compelling but ended on a whimper.

With those details laid down, here is a look back at What If #61 published in 1994 by Marvel Comics with a story written by Kurt Busiek and drawn by Kirk Jarvinen, Andrew Wildman, Derek Yaniger and Jim Amash.

The cover.

Early story

The story begins with Richard and Mary Parker (Peter Parker’s parents) arriving in the presence of Aunt May who happens to be visited by their son Peter (Spider-Man). Having learned something from a while back, Aunt May tells Richard and Mary that they are not genuine persons. Suddenly, Peter Parker’s spider sense intensifies and in an attempt to defuse the situation, he leads his aunt to walk out of the house with him. Richard and Mary watch them walk away.

It turns out, Richard and Mary are impostors and they have been working all the time for a secretive boss. Richard calls his employer under an emergency and reports that they have completed phase one of their assignment, that Aunt May knows the truth about them and is about to inform Spider-Man. Richard is then told that under no circumstances is the plan to be jeopardized and anyone who suspects must die. He is also told to flush Mary’s programming and reset her as she showed signs of acting odd to the situation.

A short time later, Richard and Mary – now in morphed forms with vastly different bodies and half their heads resembling their human selves – suddenly break into an apartment surprising Peter, his wife Mary Jane and Aunt May. Violent action by one of them accidentally ripped open Peter’s shirt, revealing his Spider-Man suit to Aunt May. Just as Peter’s aunt figures out the secret, he tells Mary Jane to grab her and get out.

However, the sight of the morphed Mary Parker shocked Aunt May and Mary Jane so much, they failed to move. Mary Parker then morphs her two hands into large, makeshift hammers, and swiftly killed Aunt May and Mary Jane. Peter is instantly shocked by their sudden deaths but deep inside, rage begins to burn…

Quality

Spider-Man already over the edge and reacting violently to the abusive Daily Bugle.

I can start by confirming that Kurt Busiek’s writing is very strong and his alternate take on the events of Amazing Spider-Man #388 (1994) is indeed very solid. In one way, I find the emotional stakes for Spider-Man has been raised a lot higher than what was portrayed in the canon story. The concept of losing his beloved family members to enemies who were impostors that looked like his long lost parents is indeed disturbing as well as emotionally charged. In relation to this, Busiek and the illustrators brought to life a Spider-Man who really went over the edge by taking matters into his own hands as the loss of beloved ones led to the blurring of the boundary between good and evil. Even the boundary between innocence and guilt gets blurred which adds more depth to the emotions of the story. As I read the story, there were moments when I felt that Spider-Man became as bad as the evil ones even though he is clearly the victim and his family was targeted.

Apart from showing Spider-Man getting outraged and pushed to the limits, Busiek inserted elements about how people perceive incidents without knowing all the facts and how easily they get manipulated by a news outlet – the Daily Bugle where Peter Parker worked as a freelance photographer – whose leader does not care about ethical journalism nor the pursuit of the truth. In this age of widespread fake news and liberal news media outlets in America doing propaganda for American Communists (read: Democrats, abortionists, LGBTQ, Black Lives Matter, Antifa, the terrorists, the climate change extremists and the socialist hordes), this particular aspect of the story makes this comic book strongly relevant to read today.

The story also sheds light on Spider-Man’s connections with other Marvel superheroes who happen to be in New York City. You will see Captain America and Johnny Storm express their concern about Spider-Man’s state of mind as they themselves still tried to figure out what really happened. In short, the superheroes here showed restraint even as Spider-Man goes to the extreme being a victim as well as a fugitive.

If there are any weak points in this comic book, it would be the art which has this cartoon-like aesthetic for much of the story. Considering the serious subject matter, the visuals are quite contradicting as they make this look like it was made for much younger readers. In fairness, the quality of the art improved during the 2nd half of the story.

Conclusion

Spider-Man takes on the impostors who looked like his parents.

As far as storytelling and characterization goes, What If #61 (1994) succeeded a lot on portraying the iconic Spider-Man as the superhero who went over the limits of his emotions and his reasoning which is the result of the tragic deaths of two beloved family members caused by individuals who pretended to be his parents. This is a very solid story which also has a powerful ending. Where What If #72 failed, this comic book succeeded and even exceeded it with Spider-Man truly becoming unheroic. I should state that this comic book should convince readers to go to the Amazing Spider-Man series and follow the Lifetheft storyline in issues #386 to #388 (which were released months before this comic book). Kurt Busiek’s script is indeed great and it is easily the driving force of the comic book.

Overall, What If #61 (1994) is highly recommended.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Metro Manila Council head Francis Zamora: Metro Manila traffic code for single ticketing system approved by technical work group

The proposal for a single ticketing system related to traffic matters within Metro Manila was approved by a technical work group (TWG), Metro Manila Council (MMC) chairperson San Juan City Mayor Francis Zamora announced recently, according to a GMA Network news report. This means that the proposal will be formally discussed with the MMC members and they will determine the final form of the system.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The technical working group (TWG) has approved the Metro Manila traffic code that will be used for the single ticketing system, Metro Manila Council (MMC) chairperson San Juan City Mayor Francis Zamora said Friday.

Interviewed on GMA News’ Unang Balita, Zamora said the final TWG meeting in connection with the single ticketing system was conducted in San Juan City on Thursday.

“Kaya ang gagawin ko po ngayon ay mag-schedule ng meeting ng MMC upang pag-usapan na ang pinal na porma nga ng ating magiging Metro Manila traffic code na prinisenta na rin kahapon at inaprubahan ng mga representatives na nandoon at kasama na po ako doon,” he said.

(So, I will schedule a meeting in MMC to discuss the final form of the Metro Manila traffic code, which was already presented yesterday and approved by the representatives including me.)

“I just want to clarify na ang aprubado dito ay sa level pa lang ng TWG. So ito ay ii-elevate na natin sa mismong MMC at kung wala naman pong pagtutol ng mga mayors dito, dyan  po magsisimula ang aktwal na proseso ng pag-implementa,” he added.

(I just want to clarify that it is approved only at the level of the TWG. So it will be elevated to the MMC and if there is no objection from the mayors, the process of implementation will start.)

According to Zamora, 20 common traffic violations with corresponding fines have been identified.

In San Juan, he said the fine for disobedience of traffic signs will be lower with the implementation of the single ticketing system. From 2,000 up to 4,000, the fine will be 1,000 only.

The Metropolitan Manila Development Authority (MMDA) will shoulder the expenses for the equipment needed for the new system, according to Zamora.

Let me end this piece by asking you readers: What can you say about this new development? Do you think a single ticketing system is needed?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippine government sees economy growing around 6.5% for 2023

Even though HSBC and the World Bank revealed their own 2023 economic growth forecasts for the Philippines to be below 6%, the national government still sees the economy growing around 6.5% this year, according to a recent Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

The Philippine government expects a strong full-year gross domestic product (GDP) growth for 2022, most likely much faster than its growth target of 6.5 to 7.5 percent, Department of Finance (DOF) Secretary Benjamin Diokno said here on Jan. 16 (Switzerland time).

Diokno said this during a Monday luncheon hosted for President Ferdinand “Bongbong” Marcos Jr. and Philippine chief executive officers (CEOs) in Davos, Switzerland.

In addition, Diokno said the Philippine economy is seen to “grow by around 6.5 percent this year” due to the expected slowdown of the global economy.

“And that’s still one of the highest, if not the highest, growth projection in the Asia-Pacific Region,” he said.

According to Diokno, the country’s bustling manufacturing sector, record-low unemployment, and stable and resilient banking system can alleviate buffers against external headwinds, all indicating a resilient economy.

Further, opening economic sectors to foreign equity, improving the ease of doing business, and allowing modern transformative industries to take root and grow will sustain the economy.

At the same time, the Finance chief said the Marcos government has created a more competitive and enabling environment through public-private partnership (PPP) to expand further the Build, Better, More infrastructure agenda of the administration.

Diokno said this would further boost investments on top of the government’s goal to spend at least five to six percent of GDP on infrastructure, stressing all these form the backbone for the rapid and sustained growth of the Philippines.

But because of the current challenges, he said the Philippines is taking the first steps toward launching the Maharlika Investment Fund, the country’s first-ever sovereign wealth fund that will support the goals set by the administration in the Philippine Development Plan 2023-2028.

Let me end this piece by asking you readers: What is your reaction to this new development? Do you believe that the Philippines’ economic fundamentals are strong enough to keep the economy growing around 6.5% this year? Do you think that the tourism industry alone will be a major driving force of economic growth and earning foreign currency? Apart from the announced Maharlika Investment Fund (sovereign wealth fund) new economic initiatives do you want to see from President Ferdinand “Bongbong” Marcos, Jr.?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Lady found dead inside abandoned vehicle in Las Piñas City

Recently in the City of Las Piñas, a 29-year-old lady was found dead inside an abandoned vehicle in front of a particular complex along C5 Extension Road, Barangay Zapote, according to a Manila Bulletin news report. The vehicle was discovered by two street sweepers who informed the local security guard and called the attention of the local authorities. Subsequently, the Manila Bulletin reported that robbery-holdup could be the motive behind the death of the victim.

To put things in perspective, posted below is the excerpt from the initial Manila Bulletin news report. Some parts in boldface…

A 29-year-old beauty specialist was found dead inside an abandoned car in Las Piñas City on Tuesday, Jan. 17.

Col. Jaime Santos, city police chief, said the victim, identified as Jennifer Mendoza of Balagtas St., Tondo, Manila, was found lifeless around 9:30 a.m. in front of Villar Sipag Complex on C5 Extension Road in Barangay Zapote, Las Piñas City.

Santos said street sweepers Olivia Olimberio, 48, and Teresita Mejorada, 47, informed Villar Sipag security guard Gian Carlo, 32, about their discovery.

Carlo immediately called up the Zapote Police Sub-Station, informing them that an unconscious woman was found inside an abandoned colored gray Mazda car with plate number ATA-9782.

Santos said responding Zapote Sub-Station personnel found Mendoza inside the car and blood stains on the road, prompting them to call for an investigator from the Station Investigation Detective and Management Section (SIDMS).

He said during investigation, the victim was found seated at a passenger seat and was already dead.

Crime scene investigators removed the body from the car and brought it to the PNP Forensic Unit through Royalty Funeral Services for autopsy.

Santos said the family of the victim was already notified of Mendoza’s death.

He also said that during coordination with the Land Transportation Office (LTO), it was found out that the abandoned car was registered to a certain Julius Pascual Guillermo of Kalamansi St., Maligaya, Caloocan City.

The station commander of Caloocan Police Sub-Station 10 was already informed of the incident and a team proceeded to the address of Guillermo.

For the follow-up report to the above report, click https://mb.com.ph/2023/01/18/robbery-behind-the-killing-of-beauty-specialist-las-pinas-police/

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you think robbery-holdup could be the motive behind the killing of the victim?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City offers online business permit processing and extends deadline to January 31, 2023

Recently in the progressive city of Muntinlupa, the City Government made things more convenient for local business to renew their business permits by offering online business permit processing as well as moving the deadline to January 31, 2023, the Manila Bulletin reported.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

The Muntinlupa City government is offering an online business permit processing for the convenience of taxpayers.

The Business Permits and Licensing Office (BPLO) encouraged people, especially those who are unable to visit the Business Permit Renewal Hub at the Muntinlupa Sports Center in Barangay Tunasan, to avail of the Business E-Payment System (BESt) as a more convenient alternative to the renewal process.

In addition, the Muntinlupa City Council passed a resolution granting the request of BPLO officer-in-charge Engr. Allan Cachuela to extend the business permit renewal deadline to Jan. 31 to give business owners the chance to comply and avoid penalties.

Mayor Ruffy Biazon welcomed these developments and urged Muntinlupeños to beat the deadline by taking these opportunities that support grassroots businesses–a key component of his economic agenda.

Entrepreneurs who wish to renew their permit may visit the Muntinlupa City government website (https://muntinlupacity.gov.ph/). They must first send their business account details and active company email address to bplo.muntinlupa@yahoo.com or through a personal message to the BPLO Muntinlupa Facebook page. For security, entrepreneurs must send their details via message and not put them in the Facebook comments.

An official notification will be sent to the provided email address. Afterwards, the applicant must create a BESt account and undergo verification through email. Once verified, entrepreneurs must sign into the BESt portal, choose the business permit renewal option, and provide the necessary details and business information. Payment fees can then be settled via Development Bank of the Philippines or Landbank.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? If you are trying to renew your business permit, are the latest announcements good enough on making things convenient for you?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

A Look Back at Spider-Man 2099 #11 (1993)

Disclaimer: This is my original work with details sourced from reading the comic book and doing personal research. Anyone who wants to use this article, in part or in whole, needs to secure first my permission and agree to cite me as the source and author. Let it be known that any unauthorized use of this article will constrain the author to pursue the remedies under R.A. No. 8293, the Revised Penal Code, and/or all applicable legal actions under the laws of the Philippines.

Welcome back superhero enthusiasts, 1990s arts and culture enthusiasts, Marvel Comics fans and comic book collectors! Today we go back to the will 1990s and explore the far future of 2099 within the Marvel Comics shared universe through one of the tales of Spider-Man 2099.

Shortly after his return from the old lower city of New York, Miguel O’Hara’s personal life got more complicated and intense. Aside from that, his rift with his mother remains unresolved. Miguel then begins to assess his personal life as well as his secret life as the swinging hero Spider-Man.

With those details laid down, here is a look back at Spider-Man 2099 #11, published in 1993 by Marvel Comics with a story written by Peter David and drawn by Rick Leonardi.

The cover.

Early story

The story begins when armed security personnel apprehend a man for defacing Alchemax property with spray paint. As the suspect gets threatened with physical violence, Spider-Man suddenly appears and surprises the one holding the suspect down. It turns out, Spider-Man secretly knocked out one of the security personnel quietly.

The active security officer lets the suspect go and he activates his armor which turns out to be the Situation Emergency Gear (SIEGE for short) which is the result of a project between Alchemax and Stark-Fujikawa. The armored man then begins to strike at Spider-Man in response for the sudden intervention. Very notably, the security officer wearing SIEGE tells Spider-Man he apologizes for taking action and will do everything he could to harm him as little as possible…

Quality

The futuristic Spider-Man has serious opposition here.

Considering what happened in issue #10, this comic book ramped up the spectacle showing more of Spider-Man 2099 in action-packed conflict with one of the local authorities who happened to be armed with a powered suit of armor. The figure of opposition here is almost like a super villain but one who is not evil but rather doing what he was hired to do. Apart from being an action-filled conflict with strong sci-fi elements, this conflict symbolizes Miguel O’Hara’s willingness to put himself at risk by taking on the authorities as a deliberate violator of local law even though he himself works with Alchemax. This also shows Miguel’s recklessness as he struggled with the lack of a clear direction with his second life as Spider-Man. At this stage, Miguel’s inner rebellion against his corporation is very clear and this alone will put readers on the edge as they figure out what the deeply troubled hero plans to do next.

This comic book is not an all-out action fest. There was still enough room for Peter David to craft more of Miguel’s affairs at Alchemax, only this time he gets to meet someone who happened to be connected with one particular member of X-Men 2099 (note: this is related to the eventual 2099 crossover storyline). This only adds more intrigue into Miguel’s troubled personal life which is something you must read and find out here.

Conclusion

This comic book will make you wonder if Spider-Man 2099 himself is slowly becoming evil by getting into direct conflict with the law.

Spider-Man 2099 #11 (1993) is a fine example of plot really thickening while also making life not only harder but more intense on the part of Miguel O’Hara. At the same time, this comic book built up something new for Spider-Man to eventually face off with. Peter David’s writing and direction of the character are very engaging to follow from start to finish.

Overall, Spider-Man 2099 #11 (1993) is recommended.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

Middle income earners in the Philippines will have lower income taxes this year

Recently, it was emphasized that middle income earners here in the Philippines will have lower income taxes to pay in accordance to the Tax Reform for Acceleration and Inclusion (TRAIN) law (Republic Act Number 10963) which will result in better take-home pay this year, according to a news article published by the Philippine News Agency (PNA). This is related to what was reported weeks ago by GMA Network news.

To put things in perspective, posted below is the excerpt from the PNA news report. Some parts in boldface…

Middle-income earners will have lower income taxes this year and thus, higher take-home pay, under Republic Act No 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Taxpayers earning more than PHP250,000 a year but not over PHP8 million will be subject to lower income tax rates ranging from 15 percent to 30 percent, from the previous 20 percent to 32 percent.

Those with annual taxable income of PHP250,000 or below will continue to be exempt from paying income taxes.

“Inaasahan natin na lalo pang lalakas ang domestic consumption na may malaking kontribusyon sa paglago ng ating ekonomiya. Dahil sa pinababang buwis, mas mataas ang take-home pay ng mga empleyado na magiging malaking tulong sa gitna ng mataas na presyo ng mga bilihin (We expect a stronger domestic consumption which will be big contribution to our economy. With lower tax and higher take-home pay, this will be a good help amid the rising prices of commodities),” Senator Sherwin Gatchalian said in a statement on Monday.

Gatchalian cited the Teacher 1 post, with a monthly salary of PHP25,439 or Salary Grade (SG) 11, will now have monthly tax savings of PHP420.83 or PHP5,050 for the year.

A Nurse III with SG 17 or an entry level monthly income of PHP43,030 will save PHP1,289.13 monthly or PHP15,469 yearly.

“Dahil sa mas mataas ang kanilang kita, inaasahan din natin na magiging maganda itong insentibo para sa mga empleyado na lalo pa nilang paghusayan ang kanilang trabaho at magtulak sa kanila para mag impok o kaya ay mamuhunan (Because of a higher take-home pay, workers will be inspired to work better, save and invest), Gatchalian said.

Also included in the TRAIN law are provisions for small and micro self-employed professionals, who now have the option to pay a simpler, flat tax of eight percent on gross sales in lieu of the income and percentage tax.

Taxpayers can save time falling in line and filing and paying from eight times a year will be reduced to just four.

Estate tax will also be lowered from 20 percent to a single rate of six percent for net estate with standard deduction of PHP5 million as well as exemption for the first PHP10 million for the family home.

Let me end this piece by asking you readers: What is your reaction to this new development? Are you qualified for a reduction of income taxes under the TRAIN Law? Have you consulted with a certified tax expert already?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/.

Xbox-Bethesda Developer_Direct Livestream set for January 25, 2023, Starfield to have standalone showcase soon

For all the gamers and the loyal fans of Xbox and Bethesda reading this, you better get ready for lots of new stuff and announcements regarding upcoming games as the Developer_Direct livestream will take place on January 25, 2023 (at 12pm PT/3pm ET), Team Xbox announced recently. For those who are anticipating Starfield’s release this year, be aware that a standalone showcase of that Xbox-exclusive science fiction role-playing game (sci-fi RPG) from Bethesda will be held soon. Posted below is the precise Xbox YouTube spot for the Developer_Direct livestream.

To put things in perspective, posted below is an excerpt from the Xbox.com announcement. Some parts in boldface…

Xbox and Bethesda will present a Developer_Direct on Wednesday, January 25, providing fans with an inside look at some of the games coming to Xbox, PC and Game Pass over the next few months.  

Presented by the game creators themselves from studios including Arkane Austin, Mojang Studios, Turn 10 Studios, and ZeniMax Online Studios, the Developer_Direct will focus on big features, extended gameplay showcases, and the latest info for Xbox games launching in the next few months, including The Elder Scrolls OnlineForza MotorsportMinecraft Legendsand Redfall 

To dedicate the proper amount of time for a deep dive into Bethesda Game Studios’ Starfield, a standalone show is in the works

Fans should tune in on Xbox channels (TwitchYouTube) and Bethesda channels (TwitchYouTube) at 12pm PT/3pm ET, January 25 to see all the latest on:  

The Elder Scrolls Online: Studio Director Matt Firor will unveil 2023’s major Chapter update, including the latest regions of Tamriel to become playable in ESO, as well as a major new feature coming in the game’s biggest update this year. The Developer_Direct will be immediately followed by the full, standalone ESO Chapter Reveal Event, hosted by Zenimax Online Studios, which will provide all the in-depth details ESO players will be keen to know. 

Forza Motorsport: The team at Turn 10 Studios have been hard at work, bringing fans the next generation of Forza Motorsport, built from the ground up to take advantage of Xbox Series X|S. Forza Motorsport is back, and we can’t wait to share more gameplay and exciting new details. 

Minecraft Legends: Mojang Studios will showcase an insider’s look into the PvP multiplayer experience in Minecraft Legends – the upcoming action-strategy game from the makers of Minecraft. Developed in partnership with Blackbird Interactive and launching this spring, don’t miss exclusive gameplay footage at the Developer_Direct. 

Redfall: The minds behind Dishonored and Prey, Arkane Austin, will showcase several minutes of gameplay from their upcoming FPS. The Developer_Direct will reveal single and multiplayer gameplay, showing more of how you and your friends will take down bloodthirsty Vampires on the picturesque island of Redfall, Massachusetts. Fans can expect to learn more about combat, customization, bosses, the open world, and more. 

If there is anything for me to say about the upcoming Developer_Direct, it is not only Team Xbox’s way of responding to the gamers’ constant inquiries or demands for new updates about new games this year, it is also their way of bouncing back to the criticism about their absence from The Games Awards 2022.

More notably, it seems to me that the Developer_Direct online event is Team Xbox’s new way of updating the loyal fans and the fun-seeking gamers about what to expect on the Xbox platform, when will the new games this year will come out, what features to look forward to, what can Xbox Game Pass (XGP) subscribers look forward to and the like. It is also their way of letting executives or representatives from Xbox game studios reach out to the gamers and establish a clear narrative so that confusion and uncontrolled expectations can be minimized just as Team Xbox’s marketing teams will ramp up the pre-release hype of the new games.

To be clear, it is simply too limiting for both Team Xbox and gamers to wait for the annual E3-related conference to happen just so that updates will be made. As such, I am anticipating that there will be more editions of this Developer_Direct online event to follow.

More on the Developer_Direct event of January 25, 2023, I am hoping that the respective release dates for Forza Motorsport (2023) and Redfall will be announced. 2022 saw the lack of big-time Xbox-exclusive games and the delays of Starfield and Redfall were strongly felt. For 2023, this is a big make-or-break year for Team Xbox. This is also the year for them to become more competitive than PlayStation and Nintendo in terms of publicity and setting the narrative. Apart from release dates, I am eager to find out what gameplay features of the announced games for the January 25 event will be revealed.

For those who are paying too much attention to Starfield not being part of the January 25 showcase, please keep in mind that such a high-profile game like that needs to have its very own event (perhaps Developer_Direct session #2) as it has tons of visuals, concepts, features and details that need to be emphasized by Bethesda. As it is an Xbox-exclusive game, there are lots of PlayStation fanboys who hate Xbox out there and they still cannot accept the fact that Starfield will never be released on the PlayStation platform and Microsoft-owned Bethesda is not obligated to release it on competing platforms. As such, anti-Xbox buzz connected with Starfield is being generated by those troublesome people right now and they are spreading lies and falsehoods about the Developer_Direct event. The successful integration of Bethesda into Team Xbox remains very painful for those people because they know that future sequels of The Elder Scrolls, Fallout and other Bethesda game franchises will not be released on their favorite platforms. They can get louder and more troublesome but you should not let them fool you.

Watch out for the Developer_Direct event on January 25, 2023.

In concluding this article, posted below for your enjoyment are Xbox-related videos.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

World Bank sees 5.4% economic growth for the Philippines in 2023

As it continues to make predictions about different nations’ economies around the world, the World Bank (WB) revealed that it sees the Philippines achieving 5.4% economic growth in 2023, according to a BusinessWorld news report. The said forecast goes against the more optimistic 2023 target of the Philippine government.

To put things in perspective, posted below is the excerpt from the BusinessWorld news report. Some parts in boldface…

PHILIPPINE economic growth would probably slow to 5.4% this year, from an estimated 7.2% in 2022, amid a looming global recession, the World Bank (WB) said.

In its latest Global Economic Prospects report, it trimmed its gross domestic product (GDP) growth forecast for the Philippines from its 5.6% projection in June.

The World Bank’s latest GDP forecast is below the government’s 6-7% growth target for the year.

“After the strong rebound in 2022, growth in Malaysia, the Philippines and Vietnam is expected to moderate as the growth of exports to major markets slows,” it said.

In December, the World Bank upgraded its forecast for the Philippines to 7.2% for 2022 from 6.5%, amid a surge in private consumption and robust export growth.

The Philippine economy expanded by 7.6% in the third quarter, bringing the nine-month average to 7.7%. The strong third-quarter data prompted economic managers to say that full-year GDP growth would settle above the 6.5-7.5% target.

“The recovery from the pandemic-induced recession has been uneven across the region. Output surpassed pre-pandemic levels last year in Cambodia, the Philippines and Thailand,” the World Bank said.

However, a “sharp, long-lasting” slowdown in the global economy this year is expected to affect nearly all regions, particularly developing countries, World Bank President David Malpass said in a statement.

Global growth is expected to decelerate sharply to 1.7% in 2023 — the third weakest pace of growth in nearly three decades, overshadowed only by the global recessions caused by the pandemic and the global financial crisis,” the multilateral lender said in the report, noting this is 1.3 percentage points below previous forecasts.

The World Bank said the latest estimate reflects “synchronous policy tightening aimed at containing very high inflation, worsening financial conditions and continued disruptions from Russia’s invasion of Ukraine.”

It said urgent global efforts are needed to mitigate the risks of a global recession and debt distress in emerging market and developing economies.

By the end of 2024, GDP levels in these markets will be about 6% below pre-pandemic levels, according to the report.

Let me end this piece by asking you readers: What is your reaction to this new development? Do you agree with the WB’s analysis about slower economic growth for the Philippines this year? What do you think will help the Philippines achieve the more optimistic targets set by the national government?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/.

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