August 9, 2021 BOJ MINTS FIRST BATCH OF JAMAICA’S CENTRAL BANK DIGITAL CURRENCY At a short ceremony this morning, Bank of Jamaica (BOJ) minted Jamaica’s first batch of central bank digital currency (CBDC). A total of J$230 million dollars in CBDC will be issued to deposit-taking institutions and authorized payment service providers during the CBDC
August 9, 2021 Kingston Properties Limited reported Rental Income of US$1.44 million, 59% more than the US$903,470 reported for 2020. However, for the quarter, there was a 62% rise from US$448,890 in 2020 to US$727,420 for the period under review. KPREIT noted, “the higher year on year figure was mainly due to the acquisition of
United States: Fed’s Sanguine Inflation View Tested in New Data: Eco Week Ahead “U.S. consumer prices probably rose in July at the slowest pace in five months, marking a deceleration that stops short of full relief from cost increases weighing on sentiment and driving political debate. The government’s index is seen climbing 0.5%, according to
August 5, 2021 The advance number for seasonally adjusted initial claims for the week ending July 31 was 385,000, down 14,000 from the previous week's revised estimate. The prior week's figure of 400,000 was revised down to 399,000. The 4-week moving average was 394,000, down 250 from the adjusted average from the prior week. The
United States: Peak Doesn’t Mean Weak as U.S. Economic Growth Set to Cool “The best growth of the expansion is likely behind the U.S. just as the world’s largest economy reclaims its pre-pandemic level of output. Gross domestic product likely revved up in the second quarter, fueled by the delivery of vaccinations, the unleashing of
August 4, 2021 Barita Investments Limited (BIL) has advised that the following Ordinary Resolutions Nos. 1 and 2 relating to an Additional Public Offering of Shares were passed at an Extraordinary General Meeting held on Tuesday, August 3, 2021: Resolution No. 1 Ordinary Resolution “THAT the Company hereby approves the issue of up to 160,000,000 ordinary shares
August 4, 2021 In June 2021, the seasonally adjusted unemployment rate in the euro area was 7.7%, down from 8.0% in May 2021. The unemployment rate in the EU was 7.1% in June 2021, down from 7.3% in May 2021 and from 7.3% a year earlier. In June 2021, the number of people unemployed in
August 4, 2021 According to Bureau of Economic Analysis, personal income climbed $26.1 billion (0.1%) in June. Personal consumption expenditures (PCE) rose $155.4 billion (1.0 percent) but disposable personal income (DPI) dropped $2.6 billion (less than 0.1 percent). In June, the real DPI fell 0.5%, but the real PCE rose 0.5%; goods fell 0.2%, while services rose
August 04, 2021 FosRich Company Limited (FOSRICH) for the six months ended June 30, 2021 booked a 28% increase in revenue to total $1.09 billion compared to $857.15 million for the same period in 2020. The Company noted, “These increases were attributed primarily to the greater availability of the products required by the market. While the overall increase
United States: U.S. Companies Add Far Fewer Jobs Than Forecast, ADP Data Show “U.S. companies added far fewer jobs than expected in July, indicating persistent hiring obstacles despite broader improvement in the economy. Businesses’ payrolls increased by 330,000 last month, the smallest gain since February, after a revised 680,000 gain in June, according to ADP
