August 19, 2021 Productive Business Solutions Limited (PBS) for the six months ended June 30, 2021 reported a 41% increase in revenues from US$73.17 million for the 2020 period to US$103.06 million in 2021. For the quarter, revenues increased 72% to total US$53.72 million relative to US$31.26 million the prior corresponding quarter. Direct expenses increased 80%
Brent Oil Brent oil prices decreased by 6.30% or US$4.49, as prices decreased this week relative to the prior week. Oil traded on August 19, 2021 at a price of US$66.82 per barrel relative to US$71.31 on August 12, 2021. Brent oil opened 2021 year at US$54.52 per barrel. Petrojam prices 87 Octane prices decreased
August 19, 2021 Consumer Price Index – July 2021 According to the Statistical Institute of Jamaica (STATIN) the consumer price index for July 2021 was 111.4 resulting in an inflation rate of 1.5% when compared to the previous month’s inflation rate of 0.7%. STATIN noted that, “This movement was primarily due to the 2.3% increase
United States: Fed Minutes Show Most Officials See Taper Starting This Year “Most Federal Reserve officials agreed last month they could start slowing the pace of bond purchases later this year, judging that enough progress had been made toward their inflation goal, while gains had been made toward their employment objective. “Various participants commented that
September 30, 2021 SSL Venture Capital Jamaica Limited (SSLVC), for the year ended June 30, 2021, reported revenues of $19.70 million versus $116.76 million reported in the prior year’s corresponding period. While for the quarter, revenue amounted $363,222 (2020: $3.53 million). Cost of sales amounted to $20.24 million (2020: $105.12 million), thus resulting in gross loss of
August 18, 2021 Building Permits In July, the seasonally adjusted annual rate of privately owned housing units permitted by building permits was 1,635,000. This is 2.6% (±0.9%) higher than the revised June rate of 1,594,000. It is also 6.0% (±0.9%) higher than the July 2020 rate of 1,542,000. In July, 1,048,000 single-family permits were issued,
August 18, 2021 Jamaica Producers Group Limited (JP), for the six months ended June 30, 2021, experienced a 20% increase in revenue to total $11.40 billion compared to the $9.52 billion reported in 2020. The company posted second quarter revenue of $5.92 billion, a 36% increase on 2020’s $4.36 billion. Management noted that, “During the
August 18, 2021 Sagicor Real Estate XFUND Limited’s total revenue for the six months rose by 75% to $2.70 billion (2020: $1.54 billion). Of this; Interest income rose 106% to $22.26 million (2020: $10.80 million). Net capital gain on financial assets and liabilities amounted to $803.47 million, relative a loss of $144.07 million booked the
United States: U.S. Wealth Gap Rises With Jackson Hole Coming at the Top “When U.S. Federal Reserve officials head to their annual mountain retreat next week to talk economic inequality, they’ll be sitting in the country’s wealthiest county. Wyoming’s Teton County, home to Jackson Hole, has the nation’s highest per-capita income from assets, according to
August 17, 2021 Barita Investments Limited (BIL) has advised of the following senior management appointments: Mr. Ian Anderson, Head - Non-Financial Risks & Enterprise Risk Management effective June 14, 2021 Mr. Percival Hurditt, Head - Financial Risk effective June 14, 2021 Ms. Carolyn Keane, Head-Strategy, Planning & Analysis effective July 15, 2021. Disclaimer: Analyst Certification -The
