April 27, 2022 According to the country’s tourism minister Edmund Bartlett, Jamaica expects its tourism sector to be "fully recovered and growing" from the impacts of the Covid pandemic by 2023. The island is on track to welcome 200,000 British visitors - a record number - by the end of the year with global arrival
April 25, 2022 The U.S. Single-family homebuilding and permits in the United States fell in March as mortgage rates rose, although residential development remained hampered by a severe housing scarcity. The Commerce Department's report also revealed a record backlog of houses approved for building but not yet begun. It came on the heels of news
April 25, 2022 The International Finance Corporation (IFC)—a member of the World Bank Group (WBG)—has agreed to support the Government of Jamaica (GoJ) in the development of three key brownfield road segments on the North Coast Corridor of the Caribbean country. The initiative aims to improve the mobility of people and goods as well as
April 25, 2022 Weekly Picks 25.04.2022 JBG Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is,
April 22, 2022 The Statistical Institute of Jamaica (STATIN) reported that the unemployment rate for January 2022 was 6.2 per cent compared to 8.8 per cent for the same quarter of 2021, the lowest unemployment rate in Jamaica's history. In January 2020, before the coronavirus (COVID-19) pandemic, the unemployment rate was 7.3 per cent, there
April 21, 2022 Governments lessened the economic pain of the pandemic by providing plenty of liquidity to stricken consumers and businesses through credit guarantees, concessional lending, and moratoriums on interest payments. Though these policies proved effective in supporting balance sheets, they also led to a spike in private debt, extending a steady increase in leverage
April 20, 2022 Global shipping costs are starting to trend downwards, nonetheless, prices remain elevated considerably above pre-pandemic levels. Notably, there is an approximate 50% reduction being experienced by Caribbean importers. According to Richard Pandohie, former President of the Jamaica Manufacturers & Exporters Association, the cost for shipping a 40ft container now ranges between US$10,000
April 19, 2022 Margaritaville Turks Limited (MTL), for the nine months ended February 28, 2022, reported revenues of US$975,061 versus US$46,606 reported in the prior corresponding period, an increase of US$928,455. For the third quarter, revenues increased to US$974,015 (2021: US$6,155). Management stated, “Revenue earned for the Quarter was USD$974,015 or an average spend frate of
April 19, 2022 Paramount Trading (Jamaica) Limited recorded a 22% increase in total revenues to $1.23 billion from $1.02 billion reported in 2021. For the quarter, revenues rose 34% to close at $463.96 million (2021: $347.24 million). PTL stated that, “The reduction in curfew hours, elimination of ‘no movement days’ and the re-opening of schools
April 19, 2022 Weekly Picks 19.04.2022_ JMMBGL Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is,
