finance – Page 16 – Author Carlo Carrasco

New investments worth P23.5 billion from Japanese companies pledged in connection with CREATE MORE

March 10, 2025March 6, 2025carlocarrasco

With the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act already in effect, more than P23 billion in new investments was pledged by Japanese companies in connection with it, according to a Philippine News Agency (PNA) news article.

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

Department of Trade and Industry (DTI) Secretary Ma. Cristina Roque said Wednesday the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law has attracted Japanese companies to invest in the country.

Roque and Special Assistant to the President for Economic Affairs and Investments Secretary Frederick Go visited Japan from March 3 to 4 to meet Japanese companies and business groups.

The DTI said during the visit, four companies pledged PHP23.5 billion worth of investments.

“Representing both the government and private sectors, those we engaged with expressed excitement and enthusiasm about collaborating with us, inspired by the positive developments they’ve heard about our country—our robust economic fundamentals and reformed policies and regulations,” Roque said.

“Specifically, what caught their attention was the recently enacted CREATE MORE law, which offers enhanced tax incentives, simplified processes, and greater opportunities for businesses to thrive in the Philippines,” she added.

Among Japanese companies that the Philippine government officials met include Ibiden Co., Ltd., Nidec Corp. and Sumitomo Corp.

The Philippine Trade and Investment Center (PTIC)-Tokyo told the Philippine News Agency that two of these companies are eyeing fresh investments in the country, while one of them is updating its three-year investment pledge.

DTI said Ibiden expressed its prospect for expanding its advanced substrate technologies operations, while Nidec eyes to expand its manufacturing footprint here.

On the other hand, Sumitomo renewed its commitment to collaborate with the Marcos administration’s infrastructure and clean energy goals.

Sumitomo’s project in the Philippines include the Metro Manila Subway Project, the MRT Line 3 maintenance contract, and the First Philippine Industrial Park.

Roque also had meetings with Fast Retailing Co. Ltd., the firm behind clothing brand Uniqlo, as well as the Japan Association of Corporate Executives (Keizai Doyukai) and the Japan Business Federation (Keidanren).

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the new investments pledged by Japanese companies in connection with CREATE MORE will influence many other foreign companies to invest in the Philippines 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

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UBS Investment Bank Global Research economist sees Philippine economy growing by 5.9% this year

March 5, 2025February 26, 2025carlocarrasco

A senior economist of the UBS Investment Bank Global Research stated that the economy of the Philippines will grow better this year by 5.9%, according to a Philippine News Agency (PNA) news article. In 2024, the economy grew by 5.6%.

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

Philippine economic growth is expected to accelerate this year on the back of higher investments and consumption, an economist of UBS Investment Bank Global Research said.

In a virtual briefing on Wednesday, UBS Investment Bank Global Research Senior ASEAN and Asia Economist Grace Lim said the Philippine economy is projected to grow by 5.9 percent this year from 5.6 percent in 2024.

“We see an improving growth outlook for the Philippines,” Lim said. “The underlying positive growth delta is driven by domestic demand as both investment and consumption accelerate in 2025.“

She said private investments would recover gradually as financial conditions become less restrictive and consumer sentiment gradually picks up. Solid labor income growth and the easing of food inflation will also help boost consumption growth.

“Consumption, as well, is likely to be positive amidst the improving fundamentals and the resilient labor market, which, I should add, is one of the most significant support for Philippines demand,” she said.

Lim said government spending and the continued growth in services exports would also support economic growth.

“What is also often underappreciated is the bright spot of services exports, especially in the BPO sector,” she said.

Lim said she expects the country’s BPO sector to remain resilient this year.

Higher tariffs – Asked about the impact of tariff trade escalation on the Philippine economy, Lim said the Philippines is in a “rather defensive market in the event of potential trade tariff escalation.”

“That’s because the Philippines is primarily domestic-oriented with investment as a percentage of GDP 23 percent, consumption over 70 percent. So not very trade-exposed,” she said.

She pointed out that in the case of trade tariff escalation, the Philippine peso could also be a relative outperformer in the region.

“That said, we do think that if tariffs are universal, then obviously there could be weaker prospects for currencies in general, but even in that scenario, it would not be a very big depreciation,” she said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippine economy has what it takes to grow by at least 5.9% this year? Do you think that the national economy can withstand the effects of new tariffs?

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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Muntinlupa City declared as smart, sustainable and strong

March 4, 2025March 2, 2025carlocarrasco

This past weekend, the 30^th anniversary of the cityhood of Muntinlupa was celebrated with special activities. On the afternoon of March 1, Mayor Ruffy Biazon delivered his State of the City Address declaring Muntinlupa as a smart, sustainable and strong city, according to the Manila Bulletin news report.

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

Mayor Ruffy Biazon said Muntinlupa has become a smart, sustainable and strong city with the use of technology and innovation, and solutions that maximize resources.

“Today we celebrate the 30th year since our home town became a city. Today we can say that Muntinlupa has transformed into a city that is Smart, Sustainable, and Strong,” said Biazon in his State of the City Address during the 30th Muntinlupa cityhood anniversary celebration on March 1.

He said, “Smart because we are utilizing technology and innovation to make the government more efficient in the use of resources, faster in the delivery of services, more streamlined in its processes and make decisions based on data gathered through its systems.”

The mayor said Muntinlupa is “sustainable because we adopt solutions that help us maximize our use of resources but still remain mindful of the needs of future generations. Strong because we remain resilient in the face of calamities, crisis, and challenges that put to the test our determination to survive and succeed.”

Muntinlupa became a highly-urbanized city with the signing of Republic Act 7926 on March 1, 1995.

In his speech, he mentioned what the city government has done since he assumed office in 2022 and the plans that will be implemented under his 7K Agenda.

“While we have come a long way from what was described as a sleepy town to a bustling, modern, highly urbanized city that it is now, the character of its people remains rooted in the traditional values of caring for the community, goodwill towards each other, and earning your keep through hard work,” he said.

He added, “Coming at the heels of the successes of those who laid the city’s foundation, we ask ourselves: what else can we do to achieve greater accomplishments? We ask this not to just simply outdo those we followed, but more to push ourselves to break new ground, find new paths and create through innovation.”

Kaunlaran (Development) – Under his “Kaunlaran” agenda, the mayor envisions Muntinlupa to be a “Model Smart Urban Village” of the region.

“We crafted our vision to visualize a future that we want for our people. But as I quote during my previous addresses – ‘The best way to predict the future is to create it,’” he said.

This year, he said, the city government is updating the Comprehensive Land and Water Use Plan and Zoning Ordinance, which “will provide a framework for the City’s physical development, and the smart and efficient allocation of land and water resources for various uses.”

The city government will implement key e-governance projects, including the Citizens’ Database and Muntizen ID, “a city-wide database and unified ID Card System to record and monitor the city’s population and migration information, as well as the provision and availment of City Government’s social, educational and medical benefits to our citizens.”

The city will also have the Centralized Geographic Information System (CGIS), “a software to map and digitalize geographic data of the City.”

Improving the MUNCONNECT, Muntinlupa’s public wi-fi system located in schools, business establishments and government facilities, is also being planned.

Biazon said the city government’s efforts were recognized through various awards including the Seal of Good Local Governance for the third consecutive year and ranking fourth among all highly-urbanized cities in the country in the Cities and Municipalities Competitiveness Index.

He thanked the business sector as the city government surpassed its business tax collection target in 2024, reaching P2.4 billion.

“Through our programs on business permit registrations complimented by ‘Ease of Doing Business’ strategies, we made sure that Muntinlupa is a City that remains Business-Friendly and attractive for new and thriving investment opportunities,” he said.

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 delighted with what the City Government achieved and how it rendered public service? Do you feel confident that Muntinlupa will keep on progressing and become even more competitive with other cities of the nation over the next ten to fifteen years?

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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PAOCC files cases against many foreign nationals involved in Parañaque City scam hub

March 3, 2025February 25, 2025carlocarrasco

In relation with the big raid on an office build in Parañaque City that resulted in the apprehension of hundreds of suspects, the Presidential Anti-Organized Crime Commission (PAOCC) announced that it has filed charges against several foreign nationals who were among the many suspects arrested, according to a Philippine News Agency (PNA) news article.

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

Charges of qualified human trafficking were filed by the Presidential Anti-Organized Crime Commission (PAOCC) against 20 foreign nationals apprehended in the Feb. 20 raid of a scam hub in Parañaque City.

PAOCC Executive Director Gilbert Cruz said the raided Philippine Offshore Gaming Operator (POGO) hub at the ATI building, in front of the Parañaque Integrated Terminal Exchange (PITX), ran investment and love scams using foreign nationals.

A total of 435 POGO workers, including 148 foreign nationals, were arrested at the Chinese-run hub.

“We conducted the inquest for the foreign nationals operating the POGO hub here at PITX and we have filed charges against 20 of them,” Cruz said in an interview.

“Qualified trafficking, because you can clearly see that they facilitated the employment of individuals in this POGO hub to work here for a long time.”

Cruz said the scam hub also had several other violations, including the lack of the necessary permits to operate.

Among the complainants were three Vietnamese women.

“These Vietnamese women were the models they used to attract investors and then after you fall in love, that’s it, they will invite you to invest in cryptocurrency,” Cruz said.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think the presence of illegal POGOs having hundreds of employees – both locals and foreigners – make the city look bad? Do you consider Parañaque City a hot spot of criminal activities involving Chinese nationals and other foreigners? Do you think that a lot of bad money – money sourced from scams and illegal means – made its way into Parañaque’s local economy?

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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More investors expected in relation to newly signed CREATE MORE IRR

February 28, 2025February 26, 2025carlocarrasco

In connection with the recent signing of the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, a director of the Philippine Economic Zone Authority (PEZA) expects more investors to come in, according to a news article by the Philippine News Agency (PNA).

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

Philippine Economic Zone Authority (PEZA) Director General Tereso Panga is expecting more investors to put up their businesses in economic zones across the country following the signing of the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

Panga said the IRR provides clarity for the smooth implementation of the law.

“It is a product of conjoined efforts that will surely attract more interest in the Philippines and paves the way for future investment growth,” Panga said in a statement Wednesday.

On Feb. 17, Finance Secretary Ralph Recto and Trade Secretary Ma. Cristina Roque led the signing of the CREATE MORE’s IRR.

The IRR supports PEZA’s mandate of driving investment growth into the country, promote sustainable development in the countryside, and create more jobs.

“The CREATE MORE Act refines the investment landscape of the Philippines to be at parity with other countries,” he said.

“With these new policies in place, coupled with the positive attributes already presented by our country and the various advantages like a communications-ready skilled workforce, a conducive business environment and a whole-of-government approach, it is without doubt that new investors will come in and old investors will choose to stay for the long haul,” he added.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the newly signed IRR of CREATE MORE will result in more investors to come into the Philippines and put up businesses in economic zones?

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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Building owners in Parañaque City who allow illegal POGO operations will be held accountable

February 25, 2025February 24, 2025carlocarrasco

In relation with the big raid on an office build in Parañaque City that resulted in the apprehension of hundreds of suspects, building owners in the city will have avoid Philippine Offshore Gaming Operators (POGOs) as the Presidential Anti-Organized Crime Commission (PAOCC) announced it is eyeing the filing of criminal cases against the owner of the building that was the site of the said raid, according to a news article by the Philippine News Agency (PNA).

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

The Presidential Anti-Organized Crime Commission (PAOCC) is eyeing the filing of criminal cases against the owner of the building in Parañaque City that was recently raided after the reported operation of an illegal Philippine offshore gaming operator (POGO).

At the regular Saturday News Forum in Quezon City, PAOCC director and spokesperson Winston Casio said the PAOCC would also seek the forfeiture of the whole building allegedly used by the Dan Ying Gaming Corp. where POGO workers have been operating for two years.

“Obviously, we will move for the criminal and civil forfeiture of the whole building sapagkat ‘yung operation noong POGO ay nasa (because the POGO operations were on the) fourth, fifth, sixth, and seventh (floors),” Casio said, adding that a security agency also mans the building.

“So, may kakaharaping malaking problema ang may-ari ng building sa kaniyang pagpayag na magamit ang kaniyang building bilang POGO hub (So, the building owner will face a big problem in allowing his building to be used as a POGO hub).”

He said the building owner may also face a human trafficking case for “knowingly renting out his facility to POGO operations for the past several months.”

The owner, he said, apparently ignored the “red flags,” including the questionable PHP20 million monthly lease payment.

“Nakita naman nila ang red flag. Maraming foreigners coming in and out doon sa building. Nakita naman siguro nila na maraming computers (They must have seen the red flags. Many foreigners were coming in and out of the building. They probably saw that there were many computers). All of those are red flags already but they did not fulfill their social responsibility,” he said.

A total of 435 POGO workers, including 148 foreign nationals, were arrested during a raid on the Chinese-run POGO hub inside the ATI building in front of the Parañaque Integrated Terminal Exchange on Thursday night.

About 136 Chinese nationals, five Vietnamese, three Malaysians, two Thais, a Taiwanese, and an Indonesian were among those taken into custody, Casio said.

Casio said the Dan Ying Gaming Corp. is allegedly owned by a “well-known” Filipino-Chinese businessman.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could still be a lot more illegal POGOs operating inside many buildings all across the city? Do you consider the Bay Area of Parañaque a potential hot spot of illegal POGOs secretly operating inside office buildings? Do you think that money generated by POGOs and sourced from illegal activities online are fuelling Parañaque’s economy significantly? Does this influence the way you plan to vote in the local elections of Parañaque this May?

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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Direct loading to GCash and Maya recently phased out by BPI

February 20, 2025February 12, 2025carlocarrasco

In case you missed the news, direct loading to e-wallet services GCash and Maya using the app of Bank of the Philippine Islands (BPI) has been disabled recently as the bank made changes, according to a Manila Bulletin news report.

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

The Bank of the Philippine Islands (BPI) is phasing out its direct e-wallet loading feature for GCash and Maya on Feb. 13, 2025.

After this date, BPI customers will no longer be able to use the “Load E-Wallet” option within the BPI mobile app to fund their GCash or Maya accounts.

Instead, BPI is advising users to transfer funds via InstaPay and PesoNet using the “Transfer to other banks” function. Within this feature, customers can select “G-Xchange” for GCash or “Maya Philippines Inc/Maya Wallet” for Maya.

BPI explained that this shift is in line with Bangko Sentral ng Pilipinas (BSP) Circular 980, which outlines the National Retail Payment System Framework, and complies with recommendations from the Philippine Payments Management, Inc. (PPMI) as detailed in Advisory No. 2024-1104-020.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a BPI user who also has a GCash or Maya account, were you deeply affected by the recent changes? Do you find transferring money from BPI to an e-wallet service more inconvenient to do today?

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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Over P1.2 billion in coins deposited through BSP’s machines

February 13, 2025February 4, 2025carlocarrasco

The Bangko Sentral ng Pilipinas (BSP) revealed online recently that the overall collection of its coin deposit machines (CoDMs) has exceeded P1.2 billion. The latest statistics are accurate of as January 15, 2025.

Based on the latest statistics, a total of P1,235,393,307.96 (14.07%% higher than the previous count of P1,082,972,600.36) in coins got deposited into BSP machines on 284,974 transactions from customers. In terms of physical quantity, 310,679,523 coins were deposited.

Doing the math on the latest statistics, customers averaged P4,335.1088 per transaction at the machines (compared to the November 15, 2024 average of P4,231.9156 per transaction). As for the grand total Peso amount divided by the number of coins deposited, the average is P3.9764 per coin deposited (previous average was P3.8654 per coin deposited)

When it comes to the number of coins involved with each transaction, 310,679,523 coins divided by 284,974 transactions resulted in an average of 1,090.2030 coins per transaction (a slight drop compared to the previous average was 1,094.8293 coins per transaction).

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the BSP coin deposit project deposits could hit P2 billion by the end of this year? When was the last time you deposited at least 50 coins into the nearest CoDM of the BSP? Do you think it is time for the BSP to add its coin machines in the Visayas and Mindanao regions?

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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Mitsubishi will invest P7 billion in the Philippines

February 13, 2025February 7, 2025carlocarrasco

Japanese motor giant Mitsubishi Motors Corp. (MMC) formally announced recently that it will be investing P7 billion in the Philippines which President Ferdinand “Bongbong” Marcos, Jr., welcomed, according to a Manila Bulletin news report.

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

President Marcos welcomed Mitsubishi Motors Corp.’s (MMC) P7-billion investment plan in the Philippines in the next five years, saying this will create more jobs for Filipinos.

Marcos expressed his appreciation to MMC during Mitsubishi President and CEO Kato Takao’s courtesy call to the President in Malacañan on Thursday, Feb. 6, to discuss the company’s investment plan in the Philippines.

During their meeting, Kato said MMC’s expansion plan includes adding a new production model at its Mitsubishi Motors Philippines Corp. (MMPC) plant in Laguna. Marcos welcomed this move as it would generate more jobs for Filipinos.

“The jobs that it will provide, that your investment will provide, are very important to us and certainly, vehicle manufacture is one of those,” President Marcos said.

In a Facebook post, the President described Mitsubishi as a valuable partner in his administration’s quest to boost the automotive industry.

“As a strong partner in our journey to strengthen the automotive industry and empower Filipino workers, we welcome Mitsbushi Motors Corporation’s plans to expand operations in the country,” he wrote.

“Mr. Takao Kato and I share the same goals of driving innovation, creating more jobs, and making sustainable transportation a reality for Filipinos,” he added.

During the meeting, Marcos said that MMC will be included in the government’s Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) Program, a new proposed version of the Comprehensive Automotive Resurgence Strategy (CARS) Program. He hoped MMC’s inclusion would help in its expansion plans.

For his part, Kato said the Philippines is MMC’s most important investment in Southeast Asia, citing its good and stable economy.

“In the ASEAN, (the) Philippines is our number one market,” Kato told the President.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Mitsubishi’s ambitious investment plan will add a lot to the ongoing economic growth of the country?

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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What to watch on YouTube right now – Part 56

February 12, 2025February 8, 2025carlocarrasco

Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following topics and the related videos I found.

#1 Saving Private Ryan reaction videos – I still remember the day I saw Steven Spielberg’s Saving Private Ryan in the local cinema in 1998. It was a mesmerizing war movie experience. Considering its acclaimed status, commercial success and impact on pop culture, it is not surprising that the movie is the subject of many movie reaction videos on YouTube. That being said, I spotted a few must-see videos. If you have not seen the movie yet, watch it first. Otherwise, enjoy the videos below.

#2 Woke game companies panic as gamers reject their games – There is no doubt that the woke virus and the pathetic DEI (Diversity, Equity and Inclusion) have infected a lot of video game companies, most notably Ubisoft and Electronic Arts. This explains why several video games ended up as creative promotions of identity politics, woke concepts and feminist garbage done at the expense of quality and fun. That being said, a lot of gamers collectively rejected the woke games by not buying them, as well as avoiding future woke releases. Be aware of the latest trends in video games by watching Adam Post’s analytical video below.

#3 US President Trump’s plan for the American takeover of the Gaza Strip – I can clearly say that US President Donald Trump’s announcement of a plan for America to take over the Gaza Strip (which is physically located within Israel and borders Egypt in the southwest) to redevelop it was both totally surprising and very ambitious. For decades now, Gaza has been a hot spot of Islamic terrorists – notably Palestinian terrorist group Hamas – who were able to arm themselves heavily, launched countless attacks against Israel, and even enriched themselves by abusing the countless humanitarian donations they received. That being said, Trump’s plan makes a lot of sense and if implemented (only after Israel concludes its war against the terrorists), it could change the tone of the Middle East. Watch and learn the details from the video below.

#4 Democrats keep getting dumber and dumber – Ever since Donald Trump returned as President of the United States, the remaining Democrats in power only turned more chaotic and dumber. In his show, Ben Shapiro explains in detail why the Democrats have gotten dumber. Watch the video below.

#5 Trump’s ban and the trans hysteria – In case you missed the news, US President Trump signed an executive order that banned men from participating in women’s sports events. In short, men who identify as women (read: transgender) are not allowed to compete with the real women in their sports activities. Since then, the transgendered mob and LGBTQ have turned chaotic. Very clearly, the Satanic Leftists do NOT care about fairness in sports, do NOT care about the protection of women, and they do NOT care about common sense! Watch and learn from the videos below.

#6 VKunia reacts to Mission: Impossible – Ghost Protocol – Remember back in 2011 when Tom Cruise had a successful return with Mission: Impossible Ghost Protocol? Since then, the Hollywood superstar kept coming back as Ethan Hunt in more sequels and the Mission: Impossible film franchise still remains essential for both Cruise and Paramount. Witness how the 2011 MI movie impacts VKunia in her reaction video below.

#7 PatmanQC examines the history of the Superman arcade game – Back in 1989, I played the Superman arcade game developed by Taito. Even though it was repetitive and had generic villains to fight with, it was still a fun experience for me. Looking back at it, it was one of the early Superman-related video games that was made with fun and quality in mind. It even came with the iconic theme from the movie. To learn more about the history of the Superman arcade game, watch PatmanQC’s video.

#8 GoodBadFlicks examines The Cannonball Run – Released in 1981, The Cannonball Run is a action-comedy movie inspired by a real-life cross-country outlaw road race. The film had a huge cast that includes Roger Moore, Burt Reynolds, Farrah Fawcett, Jackie Chan and others. To learn more about what made the movie fun to watch and what else inspired its creation, watch GoodBadFlicks’ video below.

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