By Chino S. Leyco The Department of Finance (DOF) has raised its expected additional revenue from the new owners of Mighty brand cigarettes starting next year that will be earmarked to fund the unexpected costs of several calamities. In a statement, Finance Secretary Carlos G. … [Read more...] about DOF raises expected sin taxes from JTI-Mighty to P40 B in 2018
Raised expectations
BSP raises expectations for key policy rate hike
July inflation seen at 4.1 – 4.9%, near target ceiling The central bank indicated a firm hawkish stance on the eve of today’s Monetary Board meeting, assuring the markets and the general public of its readiness to implement policies to ward off any further upward … [Read more...] about BSP raises expectations for key policy rate hike
China builds expectations of reforms at key meeting
BEIJING: Chinese state media on Sunday raised expectations for major reforms at a Communist Party meeting which is setting the course for the world’s second largest economy over the next decade. Leaders on Saturday began a four-day meeting, known as the Third Plenum, to … [Read more...] about China builds expectations of reforms at key meeting
Stocks are down as expectations for an interest rate hike increase
US stocks are down slightly on Thursday while Treasurys are slipping as investors raise expectations for an interest rate hike. At 10:36 a.m. ET, the Dow was down 86.28 points (-0.47%), the S&P 500 was down by 5.86 points (-0.27%) and the Nasdaq fell 23.08 points … [Read more...] about Stocks are down as expectations for an interest rate hike increase
GDP growth blows past expectations in May, powered by energy industry
OTTAWA—Economic growth in the country blew past expectations in May, powered by the energy sector, posting the fastest expansion on an annual basis since October 2000 and raising expectations the Bank of Canada will raise interest rates again this fall. Statistics Canada … [Read more...] about GDP growth blows past expectations in May, powered by energy industry