While the government of the Philippines is delighted over the nation’s new status as an upper-middle income economy (click here and here) believing that a bright economic future is approaching, the International Monetary Fund (IMF) sees the national economy growing at a weaker pace until 2027, according to a BusinessWorld news report.
To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…
THE PHILIPPINE ECONOMY could post its weakest growth this year since the pandemic, as the Middle East war drives up prices and dampens economic activity, the International Monetary Fund (IMF) said.
In its latest World Economic Outlook (WEO) released on Wednesday, the IMF trimmed its 2026 gross domestic product (GDP) growth forecast for the Philippines to 3.9% from 4.1% previously. This is still within the government’s 3.5%-4.5% target.
“This reflects a weaker-than-expected outturn in the first quarter of 2026 (2.8%) alongside a larger-than-expected effect of the war in the Middle East on prices and activity in the Philippines,” an IMF spokesperson said in an e-mail.
Oil price shocks and the lingering impact of the flood control fallout dragged first-quarter Philippine GDP growth below market and government expectations at 2.8%.
Since the United States and Israel first launched attacks on Iran on Feb. 28, spiraling oil prices fed into the costs of other key commodities and squeezed consumers’ pockets.
If the IMF’s projection holds true, the country’s full-year expansion will be weaker than the 4.4% recorded in 2025, when a massive flood control corruption scandal dampened public spending, investments, and sentiment.
It would also mark the economy’s worst performance since the 9.5% contraction during the COVID-19 pandemic in 2020.
Excluding the pandemic, it would match the 3.9% expansion in 2011 and would be the worst in 17 years or since the 1.4% in 2009.
The multilateral lender’s Philippine growth estimate is below its projection for ASEAN-5, which it kept at 4.1% for this year. ASEAN-5 is composed of Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
The Philippines is expected to lag Indonesia (5%) and Malaysia (4.7%) but outpace Thailand (1.9%) this year.
At the same time, the IMF trimmed the Philippine growth projection for 2027 to 5.5% from 5.8% previously, on the back of base effects and a potential improvement in sentiment.
This is within the government’s 5%-6% target for the year. It is also above the IMF’s 2027 growth projection of 4.3% for ASEAN-5.
“The rebound in 2027 is driven mainly by favorable base effects, alongside a gradual pickup in investment as confidence improves and supply-side effects related to the war ease,” the IMF spokesperson said.
According to the multilateral lender, risks to domestic growth may come from extreme weather disturbances, as well as a slower-than-projected normalization of public investments and reform momentum.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you find the IMF’s analysis for the Philippines believable? Do you think the economy of the Philippines will grow below 5% per year until the end of 2028?
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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Remember the many coin deposit machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) installed in key locations in the Philippines? The BSP is aiming to relaunch the coin deposit machines program before the end of this year, according to a news article by the Philippine News Agency (PNA).
To put things in perspective, posted below is an excerpt from the PNA article. Some parts in boldface…
The Bangko Sentral ng Pilipinas (BSP) is aiming to relaunch the operation of coin deposit machines (CoDMs) in Metro Manila before the end of the year.
In a recent media luncheon, BSP Deputy Governor Bernadette Romulo-Puyat told reporters the BSP is targeting the initial relaunch of the existing 25 CoDMs for the last week of October to early November 2026.
“This timeline takes into account the required software enhancements, modifications to the enclosure and hardware components, as well as the calibration, accuracy testing, and end-to-end testing of the existing CoDM units prior to deployment,” Romulo-Puyat said.
CoDMs allow customers to conveniently deposit legal tender coins and directly credit the equivalent amount to their GCash electronic wallets.
To recall, the BSP temporarily suspended the operation of CoDMs last year to review how to re-circulate idle coins.
Following the review, the BSP will relaunch the coin deposit machines as part of its commitment to enhancing its coin recirculation program.
Romulo-Puyat said the BSP partnered with SM to lower the operational costs of the CoDMs.
“The coin retrieval was so expensive, so we found ways for the private sector to be able to bear the cost,” she said.
Aside from the 25 CoDMs earlier deployed in Metro Manila, another 25 will be deployed in other areas next year.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?
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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
More than one hundred ten thousand students of Muntinlupa are officially beneficiaries of the local scholarship program which continued to expand, according to a news report by the Manila Bulletin.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
A total of 110,508 students are now beneficiaries of the Muntinlupa City government’s scholarship program, Mayor Ruffy Biazon announced.
He said the city’s guiding principle is that “no child should be left behind,” noting that the program continues to expand alongside the annual Free Back to School Package.
“Bukod sa taun-taong Libreng Balik Eskwela Package para maging handa ang mga estudyante sa school, patuloy pang pinalalawak ang scholarship program para mas marami ang makinabang (So aside from the annual Free Back to School Package to get students ready for school, the scholarship program is continuously expanding so that more people can benefit),” Biazon said.
He added that the number of scholars is more than twice the maximum capacity of the Philippine Arena, regarded as the largest indoor arena in the world.
This year, the city government allotted P600 million for scholarships covering learners from Grade 1 to post graduate levels.
Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you satisfied with the current state of education in the city? Do you approve of the local scholarship program?
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 engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
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, Spider-Man fans and comic book collectors! Today we go back to the mid-1990s to examine a small part of the Marvel Comics shared universe through a tale of the Amazing Spider-Man monthly series.
Issue #362 was a compelling read on its own. The creators had the difficult tasks of having Spider-Man and Venom in conflict once again, have the two stop fighting each other and then agree to join forces together to go up against Carnage who was simply too dangerous to be left free. Having read a lot of comic books showing Spider-Man and Venom in conflict with each other, to see them become partners was really alienating.
With those details laid down, here is a look back at Amazing Spider-Man #363, published in 1992 by Marvel Comics with a story written by David Michelinie and drawn by Mark Bagley.
The cover.
Early story
The story begins inside the office of Daily Bugle publisher J. Jonah Jameson and Carnage has him cornered. The symbiote-wearing murderer does not give a damn about Jameson’s importance in the city and he throws him across the room to hurt him a lot. Suddenly, editor-in-chief Robbie Robertson enters the office with an assistant and Carnage notices them.
Elsewhere in New York, Spider-Man and Venom (both previously encountered Carnage after arriving in the city) swing their way through the city towards the Daily Bugle. While traveling, Spider-Man finds it very odd that he has partnered with his mortal enemy to go after the sociopathic murderer Carnage who does not even have the twisted conscience of Venom.
As Spider-Man mentions the need to call the Avengers for assistance, Venom rejects it and reminds him of the freedom promised to him when the mission against Carnage is over. Privately, Spider-Man begins to regret the arrangement with his mortal enemy.
The two arrived at J. Jonah Jameson’s office only to discover they are too late. Robbie Robertson tells them that the monster – Carnage – took Jameson with him going somewhere south and it wanted a large group of people to witness something…
Quality
Spider-Man with Venom during this part of the final conflict with Carnage.
To be clear, this comic book marks the end of the 3-part storyline that started with issue #361 (Carnage’s deadly debut). Similar to the previous issue, David Michelinie carefully set up scenes to build-up not only the tension for the inevitable final conflict with Carnage, but also to emphasize the moral and legal complications of Spider-Man’s team-up with Venom (who has been convicted by the justice system). That said, there was this very notable moment in which law enforcers wanted to apprehend Venom but Spider-Man intervened by taking responsibility on his behalf and pointed to Carnage as the greater danger to society.
Carnage in this comic book is really unhinged, obsessed with death and has no morals whatsoever. He has Jameson as his hostage and does not care about the lives of those who got in his way. In his insane mind, having a great audience for his bloody plan was a priority here and he shamelessly tries to connect with members of audience who share his cold-blooded ways. The insanity and unrelenting violence of Carnage are heavily emphasized here which only added to the tension of the final conflict.
The final conflict here is very action-packed and intense. Visually, this is one of the finest works of Mark Bagley in 1992 and he really delivered the spectacle big-time here. Not only that, Bagley brought Michelinie’s script to life which made the personal encounters between Spider-Man, Venom and Carnage very lively to see.
Conclusion
J. Jonah Jameson is completely helpless in the presence of Carnage.
Amazing Spider-Man #363 (1992) is undoubtedly a powerful conclusion to the 3-part storyline that started in issue #361. Carnage’s personality and unrelenting violence has been clearly defined here and he easily eclipsed Venom when it comes to being evil and murderous as a super villain. Spider-Man here is desperate to stop Carnage and yet he maintained his sanity to focus on the mission while ensuring the protection of civilians and doing some restraint on his enemy-turned-partner Venom (who has violent impulses). The build-up is powerful and the same can be said about the pay-off. While the conclusion is expected, this comic book raises questions about Spider-Man’s honor and what he morally lost when he became so desperate he made very risky and very questionable decisions along the way.
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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Following its current success on attracting tourists from around the world during the first half of this year, Vietnam raked in $9 billion in the said period, according to a news report by VnExpress.
To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…
Vietnam collected more than US$9 billion from foreign visitors in the first six months, while Vietnamese spent $8 billion abroad in the same period.
The country recorded a tourism trade surplus of $950 million, compared with a surplus of $480 million in 2025 and a deficit of $380 million in 2024, according to the General Statistics Office.
Vietnam’s Party General Secretary and President To Lam, in a meeting with government bodies on Saturday, called for a more detailed analysis of the country’s services trade balance and urged the development of a strategy to rebalance Vietnam’s tourism sector in the coming years.
He said achieving a larger tourism surplus would require upgrading the industry so that international visitors spend more during their stays, while encouraging more Vietnamese travelers to choose domestic destinations.
The country welcomed nearly 12.3 million international visitors in the first six months, up 14.9% year-on-year.
Minister of Culture, Sports and Tourism Lam Thi Phuong Thanh said the government would continue efforts to develop tourism into a genuine key economic sector.
She said the mutually supportive relationship between tourism and related industries should be strengthened, with the sector shifting from a growth model focused on scale and visitor numbers to one emphasizing quality, higher value-added services, creative products, and distinctive travel experiences.
Vietnam’s tourism industry will also target higher-spending visitors and longer-stay travelers, she added.
Let me end this piece by asking you readers: What is your reaction to this development? With tourism booming in their country, do you think Vietnam can collect at least $20 billion from foreign tourists by the end of this year?
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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
As the military conflict between the United States and the Islamic terrorist state of Iran intensifies, the State Department announced that action has been taken to cut off the financial lifelines of the evil regime.
To put things in perspective, posted below is the entire announcement by the State Department. Some parts in boldface…
The United States is taking decisive action to cut off the financial lifelines sustaining Iran’s ruling elite. Today’s action targets Ali Ansari, a Dubai-based Iranian national who has built a sprawling global network of real estate and commercial holdings — spanning Germany, the United Kingdom, Spain, Cyprus, the UAE, and beyond — on behalf of Iranian Supreme Leader Mojtaba Khamenei and other regime insiders.
The United States also sanctioned three Iran-based currency exchange houses — Mohammad Darbani and Partners, Lavasani and Partners, and Mohsen Khandan and Partners — along with their managing partners and associated front companies. By targeting these networks, the United States is directly disrupting the regime’s ability to access foreign currency and conduct international financial activity.
These actions reflect the Trump Administration’s commitment to holding accountable all those who enable the regime’s corruption and regional aggression. The United States will continue to pursue sanctions against individuals, companies, and financial institutions — including foreign entities — that facilitate illicit Iranian commerce, and will not relent until the Iranian regime ends its destabilizing behavior and its exploitation of the Iranian people.
Today’s action is being taken pursuant to E.O. 13902, which targets persons operating in Iran’s financial and petroleum sectors, E.O. 13876, which focuses on the Supreme Leader of Iran and his affiliates, and the counterterrorism authority E.O. 13224, as amended by E.O. 13886. These designations build on a series of OFAC actions targeting Iranian shadow banking and currency exchange house networks
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US will be able to cut off Iran’s links to all financial sources around the world? Could it be possible that the sinister financiers behind LGBTQ and transgender mobs and human traffickers (involved with mass migration targeting Europe) could secretly be funding the Islamic terrorist regime of Iran?
Remember the law granting value-added tax refund (VAT refund) to foreign tourists signed a few years ago? That law was challenged and recently the Supreme Court of the Philippines upheld the constitutionality of Republic Act 12079 (the act creating a VAT refund mechanism for non-resident tourists), according to a news report by GMA News.
To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…
The Supreme Court (SC) has upheld the constitutionality of a law that grants value-added tax (VAT) refunds on select local purchases by non-resident foreign tourists.
In a 30-page decision, the SC En Banc dismissed a petition challenging the validity of Republic Act 12079, or an act creating a VAT refund mechanism for non-resident tourists, adding Section 112-A to the National Internal Revenue Code.
“Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination,” the SC said.
“In fine, foreign tourists may be granted privileges and benefits that are not extended to Filipino citizens, so as long as these distinctions are based on reasonable and justifiable classifications, as in here,” it added.
According to the SC, the VAT refund applies to goods brought from duly accredited stores and taken out of the country within 60 days from purchase. The goods must be priced at least P3,000 per transaction.
Meanwhile, the SC said Section 5 of the law’s implementing rules and regulations limit the refund to retail and tangible goods, including clothing, apparel, electronics, gadgets, jewelry, accessories, souvenirs, food or non-food consumables, and other items intended for personal use.
The petitioner, however, argued that the law violates the constitutional guarantee of equal protection as it excludes Filipino citizens.
For its part, the SC said equal protection does not require identical treatment for all persons.
It said the act also distinguishes foreign tourists from Filipino citizens.
According to the SC, the VAT refund system follows the basic rule of VAT that goods are taxed where they are consumed. If the goods are consumed in the Philippines, they remain subject to Philippine VAT.
Meanwhile, the SC added that VAT refund for foreign tourists is a well-established international practice.
“The Philippines is among the last few countries in Asia to adopt such a system. Our Asian neighbors, Indonesia, Malaysia, Singapore, Thailand, Vietnam, China, and Japan have long implemented this VAT refund mechanism for foreign tourists,” it said.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?
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 @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/and on Instagram athttps://www.instagram.com/authorcarlocarrasco
New Life Community Care Foundation International, Inc. (NLCOM) – the compassion arm of New Life Philippines located inside Alabang Hills Village in Muntinlupa City – provided assistance and much-needed relief to more than one thousand families in General Santos City who were impacted by the powerful Mindanao earthquake.
To put things in perspective, posted below is an excerpt from the July 5 social media announcement by NLCOM. Some parts in boldface…
From June 22–25, we had the privilege of serving earthquake-affected communities across General Santos City, Sarangani, T’Boli (South Cotabato), and nearby areas. During those few days, we distributed relief assistance to 1,100 families, installed 17 community water filtration systems, and conducted Psychological First Aid (PFA) to help children, families, and communities.
Every disaster reminds us that the need is always greater than our capacity. While we thank God for every relief bag distributed, every family reached, every community given access to clean water, and every conversation that brought comfort, we also recognize that there are still many who need help, hope, and healing.
Our prayer is not simply to do more, but to be more prepared—to continue equipping ourselves, strengthening partnerships, and responding with excellence whenever communities are faced with crisis. We pray that God will continue to expand our capacity so that more lives can be served, more families can receive practical care, and more hearts can experience His love through the Church.
As we look ahead, we invite you to continue standing with us. Pray for the communities that are still rebuilding, pray for our local church partners, and if God is stirring your heart to be part of future disaster response efforts, we’d love to connect with you.
For the newcomers reading this, I previously blogged about NLCOM back in 2020 which you can read by clicking here and my recent blog posts can viewed by clicking here, here, here, here, here and here. NLCOM has an established record of providing relief to disaster victims and helping them rebuild their lives and communities as they recover.
NLCOM is committed to organizing activities from disaster preparedness trainings, relief goods distribution, mobile kitchen feeding operations, Psychological First Aid to kids and adults traumatized by a disaster, and rebuilding of damaged houses. To get to know NLCOM better, I recommend you watch their official YouTube video below…
If you have decided to help people through NLCOM, be aware that New Life’s compassion arm is accepting donations. You may send your monetary donations to:
For more information about NLCOM, visit https://nlcom.org.ph/ or visit their office at 2 Don Manolo Boulevard, Alabang Hills Village, Barangay Cupang, Muntinlupa City, Metro Manila, Philippines. Contact them at landline 88091542 extension 426.
In ending post, let me share with you a few holy scriptures that should remind you that God is our source, our provider and the blessedness of giving is absolutely true. Be remind that Lord Jesus is the hope of all nations.
Mercy to the needy is a loan to God, and God pays back those loans in full.
Proverbs 19:17 (MSG)
Let nothing be done through selfish ambition or conceit, but in lowliness of mind let each esteem others better than himself. Let each of you look out not only for his own interests, but also for the interests of others.
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
As a long-time Xbox fan and owner of three Xbox game consoles, I can say that this current console generation has been disappointing and the current state of Xbox gaming is a huge letdown.
With the approval of Microsoft’s leadership, Team Xbox acquired a lot of game companies that include the giants Activision-Blizzard-King (ABK) and Bethesda, going right down to the smaller game studios. Those were acquired with the promise of new and exciting games that would make Xbox gaming really great in the form of exclusive games, new content for Game Pass subscribers and more.
Sadly, things turned out really disappointing and now the new Xbox head Asha Sharma has the tremendous challenge of making drastic reforms, downsizing and correcting the cases of mismanagement by the previous leadership. That said, she declared a hard reset of the Xbox business and the changes are being implemented already.
To put things in perspective, posted below is an excerpt from the Xbox announcement focused on Asha Sharma’s message to the entire team. Some parts in boldface…
We are beginning the most significant restructure in XBOX history. After careful consideration, I’ve made the difficult decision to reduce our team by approximately 3,200 throughout FY27. This will include approximately 1,600 role eliminations today, and in addition, four studios will leave XBOX to new management. I recognize that a year-long restructuring creates additional challenges. Unfortunately, it is not possible to make all the necessary changes in a single day, and I wanted to be direct about the scale.
I know this is painful. These changes will directly affect people who have poured their creativity into building XBOX. Many joined us through acquisitions, while others were recruited here, or sought us out because they loved this industry and loved XBOX. Today’s decisions do not reflect their talent or dedication.
Our business today is not healthy. We are operating at margins that are 3-10x lower than comparable platform and publishing businesses. We entered Gen 9 with a smaller install base and a higher cost structure. To grow, we bet on Game Pass, multi-platform, and a broader portfolio of content. While those businesses have created meaningful value, they did not grow at the pace we expected. As that happened, our core business weakened, and we added more teams, more investment, and more time, hoping for a better outcome. And now the industry is facing the most severe hardware crisis in its history. We must reset XBOX.
First, we will reset our content portfolio.
Since 2018, we have aggressively expanded our studio portfolio while the number of games created each month across the industry now outpaces the last ten years combined. We now find ourselves competing not only with the largest publishers, but also with smaller independent studios. It is neither possible nor desirable to own every great independent studio. We have also learned that we are not the best home for every type of studio; in a typical year, we lost 64 cents for every dollar we invested. As we reset XBOX, we will help independent creators succeed by providing open development tools and audiences to realize their vision.
Compulsion Games and Double Fine Productions will return to management and transition to independent studios with their IP, catalog, and runway for their next games. Ninja Theory and Undead Labs have entered terms to join new ownership with funding to complete and grow Senua and State of Decay 3. In France, Arkane’s management is beginning required consultation with its Works Council to review potential strategic options.
We are also making reductions across other units, and in some cases, shifting investment to focus on higher priority projects. These changes vary in size across Activision, Bethesda/ZeniMax, Blizzard, King, Mojang, and XBOX Game Studios. None of our first party publicly announced games or projects are being cancelled as part of these reductions.
In addition, Mojang and King will now report directly to me. These two studios have increasingly become platforms and are our largest by monthly active players. They bring critical geographic, demographic, and differentiation to XBOX.
Second, we will reset our platform.
We know that great technology gets better when it gets simpler, not bigger. Today, in some parts of the company, work passes through as many as 14 layers of management. Our platform teams are 40% larger than they were at the start of this generation, even as our player base and playtime have declined. That complexity has slowed decisions, blurred accountability, and made it harder to deliver for players. As we reset XBOX, we will simplify.
We will reduce management layers to no more than 5, and where possible, 3. We will deliver success through a flatter organization that is built around makers (individual contributors focused on building), player-coaches (leaders who remain deeply involved in the work while developing their teams), and directly responsible individuals (DRIs) who own key decisions and outcomes. And we will streamline how we work across our tools, with a cleaner code base, shared services, and 50% reduced vendor spend.
Third, we are resetting how we operate.
As XBOX grew our headcount, we became more fragmented. Teams, studios, and functions often operate independently, and it became harder to work towards a shared goal, make the right tradeoffs, and get things done.
For the first time, we are establishing a Chief Operating Officer with end-to-end P&L responsibility across content, hardware, platform, and services. Helen Chiang has been promoted to this role and will report directly to me. Over nearly two decades at XBOX, Helen has helped build some of our most important businesses, from XBOX Live to leading Mojang and the Minecraft franchise. She will bring our businesses together under one operating model, making sure we make clear investment decisions, learn from our successes and failures, and hold ourselves accountable for results.
Thank you, Dave McCarthy, who is retiring after 17 years with XBOX. Dave has played a defining role in building the platform that millions of players rely on every day and has been a trusted partner through many of the biggest moments in XBOX’s history. We wish him all the best.
These changes are about a bigger future for XBOX, not a smaller one. The next decade of gaming will be larger, more global, and more creative than anything we’ve seen before. This year, we’ll invest as much in XBOX as we ever have, but we’ll invest with greater focus, greater discipline, and greater clarity, all in service of making XBOX where the world plays and creates.
I want XBOX to be one of the few companies that entertains more than a billion people each day and gives everyone the opportunity to create and connect.
Indeed, the Xbox business model deteriorated financially and became much harder to manage. The billions of Dollars spent on Xbox gaming over the past several years did not result in the great gaming experiences for fans and gamers, nor did it compel the Xbox game studios to become productive and disciplined.
First-party games of Xbox in the generation of Xbox Series X and Xbox Series S have been lackluster in quality and enjoyment overall. I played Starfield a lot on my Xbox Series X via Xbox Game Pass and my enjoyment of it has been limited compared with other games of Bethesda. Senua’s Saga: Hellblade II was fun at first but it ended up being hollow. As the said Ninja Theory-developed game lacked depth with its gameplay and game design, I never bothered to replay it after finishing it. Obsidian Entertainment, a company that specialized in making role-playing games (RPGs), produced new RPGs under the Xbox umbrella but none of them were great. In fact, Avowed and The Outer Worlds 2 ended up as commercial failures.
Going back to Asha Sharma’s message, I can say that letting go of Compulsion Games and Double Fine Productions was the right move as the huge amount of money Team Xbox spent of them did not result in great games. Compulsion Games’ South of Midnight was a $100,000,000 production that ended up with sales of way below one million copies. More notably, Compulsion Games has a discriminating woke and hateful community manager who goes by the handle @PikaChulita. Look at the captured evidence below.
The community manager of Compulsion Games openly hates gamers.
Look at the details very closely.
Speaking of wokeness and discrimination, the controversial Matt Hansen has been laid off from Obsidian Entertainment. Hansen was heavily involved in the huge disappointment called Avowed. That being said, Team Xbox should really REMOVE all the untalented woke activists among its many game developers. Those activists – the feminists, the LGBTQ mob, the Islamists, the Black Lives Matter zealots and others –do not care about making great games at all and they have been misusing Microsoft’s money to turn new Xbox games into vehicles of Leftist/woke/socialist propaganda. Xbox should also cut off any ties with the super woke Sweet Baby Inc.
When it comes to the larger entities like Activision, Bethesda/ZeniMax, Blizzard, King and Mojang, the layoffs are painful but it makes sense to shift investment to focus on higher priority projects. Activision should regain focus on ensuring quality and great fun with its continued productions of Call of Duty (COD) games. Bethesda has to deliver new Fallout and The Elder Scrolls games faster and with the highest quality possible.
With the way things are right now, I am not certain if I will pursue the next-generation Xbox console called “Project Helix”. Memory has gotten much more expensive in recent times due to extremely high demand from artificial intelligence (AI) data centers and the memory manufacturers’ deals with AI companies. How much memory could the next-generation Xbox have and could its retail price exceed $1,000 at launch?
Indeed, the future of Xbox gaming is really clouded and I can only hope that the hard reset of the Xbox business under Asha Sharma will create positive changes and results. To say the least, the reforms have started and only time will tell what will happen next.
In ending this blog post, posted below are selected YouTube videos about the state of Xbox for your enlightenment.
Tourism in Vietnam continues to boom as the nation attracted more than twelve million foreign tourists in the first half of this year, according to a news report by VnExpress.
To put things in perspective, posted below is an excerpt from the news report of VnExpress. Some parts in boldface…
Vietnam received 12.3 million international visitors in the first six months of the year, a 14.9% increase from the same period last year, fueled by the country’s reputation as a safe destination amid global geopolitical uncertainty.
In the second quarter alone, the number of foreign visitors to Vietnam reached 5.49 million, up 18.2% year-on-year, according to the General Statistics Office.
Mainland China remained the largest source of visitors so far this year with 2.69 million, followed by South Korea with 2.1 million. The rest of the top 10 were Russia, Taiwan, the U.S., Cambodia, India, Japan, the Phillippines and Australia.
The Vietnam National Administration of Tourism attributed the strong growth to the country’s reputation as a safe and stable destination amid global political uncertainty.
Let me end this piece by asking you readers: What is your reaction to this development? What do you think makes Vietnam very attractive to visitors from around the world? Have you thought about visiting Vietnam soon?
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