May 22, 2023 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) unanimously decided to keep the policy interest rate at 7% despite the continued downturn of headline inflation, which was 5.8% at April 2023. This should maintain tight Jamaican dollar liquidity and preserve relative stability in the foreign exchange market. The
May 22, 2023 United States: Fed’s Bullard Sees Two More Interest-Rate Hikes Needed in 2023 to Cool Prices Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation. “I think we’re going to have to grind higher
May 19, 2023 Salada Foods Jamaica Limited (SALF) has advised that its Board of Directors at a meeting held on May 18, 2023, declared an interim dividend of $0.057 per stock unit payable on July 26, 2023 to shareholders on record as at June 5, 2023. The ex-dividend date is June 2, 2023.
May 19, 2023 Pan Jamaica Group Limited (PJAM) has advised that a connected party purchased 2,885 PJAM shares on May 17, 2023. 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
May 19, 2023 FosRich Company Limited (FOSRICH) has advised of the incorporation of FosRich USA, Inc., which is being established with a view to pursuing various business opportunities in the United States of America. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research
May 19, 2023 United States: US Economy Headed for Downturn in Second Half of 2023, Forecasters Say Forecasters see the US economy continuing to cool in the current quarter before a further slowdown in consumer spending and pullback in business investment cause the economy to shrink in the second half of the year. Gross domestic
May 18, 2023 Dolphin Cove Limited (DCOVE) has advised that the Company has been notified of a decision of the Revenue Appeals Division that the assessment for J$91,797,671, referred to in Note 26 (b) (i) of the audited financial statements for the year ended 31 December 2022, is confirmed. The assessment, as determined on
May 18, 2023 TransJamaican Highway Limited (TJH) has advised that Mr. Nicholas A. Scott has been appointed to its Board of Directors effective May 12, 2023. 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
May 18, 2023 Honey Bun (1982) Limited (HONBUN) has advised that Daniel Chong has been appointed to the role of Deputy Chief Executive Officer effective April 1, 2023. 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
May 18, 2023 ISP Finance Services Limited (ISP) has advised that Mr. Damian J. Duncan and Mr. David A. Lee have been appointed Independent Directors effective May 17, 2023. 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)
