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So far Joel Thomas has created 266 blog entries.
21 02, 2023

BOJ Increases Cash Reserve Requirement to 6% and Maintains Policy Rate at 7%

2023-02-21T14:23:41-05:00

February 21, 2023 The Bank of Jamaica's Monetary Policy Committee has decided to increase the domestic and foreign currency Cash Reserve Requirements (CRRs) applicable to deposit-taking institutions (DTIs) by 1 percentage point to underpin the return of inflation to the target range of 4.0 to 6.0 per cent. DTIs are now required to hold a

BOJ Increases Cash Reserve Requirement to 6% and Maintains Policy Rate at 7%2023-02-21T14:23:41-05:00
20 02, 2023

iCreate reports year-end net profit of $22.83 million

2023-02-20T12:18:25-05:00

February 20, 2023 iCreate Limited (ICREATE) for the year ended December 31, 2022 reported revenues of $136.05 million, 314% up from the $32.83 million reported a year ago. For the fourth quarter, ICREATE posted $28.98 million in revenue (2021: $1 million). Management noted, “This strong performance was positively impacted by our expansion initiatives, the acquisition

iCreate reports year-end net profit of $22.83 million2023-02-20T12:18:25-05:00
17 02, 2023

GENAC reports 109% increase in year end net profits attributable to shareholders

2023-02-17T12:26:11-05:00

February 17, 2023 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2022 reported gross premium written of $15.11 billion, 8% higher than the $13.96 billion reported for 2021. Reinsurance ceded also rose by 8% to close at $11.33 billion relative to $10.49 billion booked in 2021. Excess of loss reinsurance trended

GENAC reports 109% increase in year end net profits attributable to shareholders2023-02-17T12:26:11-05:00
16 02, 2023

Sygnus reports 16% increase in six months net profit

2023-02-16T12:35:55-05:00

February 16, 2023 In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the six months ended December 31, 2022, reported Interest Income of US$5.99 million 27% increase on the US$4.70 million recorded in 2021. For the quarter, Interest Income rose 30% to US$3.21 million (2021: US$2.46 million). Interest expense

Sygnus reports 16% increase in six months net profit2023-02-16T12:35:55-05:00
16 02, 2023

138SL reports 36% increase in three months net profit

2023-02-16T10:25:54-05:00

February 16, 2023 138SL’s Revenue increased by 23% to $341.07 million relative to the $276.27 million recorded for the corresponding period last year. Other operating income for the period under review rose by 102% to $5.29 million compared to $2.62 million a year earlier. 138SL noted, “The increase was driven by an increase in occupancy

138SL reports 36% increase in three months net profit2023-02-16T10:25:54-05:00
16 02, 2023

CPFV reports 50% increase in three months net profit

2023-02-16T10:05:14-05:00

February 16, 2023 Expressed in Barbados Dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2022 reported net rental income of $1.13 million (2021: $1.10 million), a 4% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $566,122 in 2021 to

CPFV reports 50% increase in three months net profit2023-02-16T10:05:14-05:00