May 8, 2020 Net International Reserves- April 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,132.65 million as at April 2020, reflecting an decrease of US$105.02 million relative to the US$3,237.67 million reported as at the end of March 2020 (see figure 1). Changes in the NIR resulted from an decrease in Foreign Assets of US$106.77
May 7, 2020 Brent Oil Brent oil prices increased by 21.49% or US$5.43, as prices rose this week relative to the prior week. Oil traded on May 07, 2020 at a price of US$30.70 per barrel relative to US$25.27 on April 30, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
May 06, 2020 In March 2020, the COVID-19 containment measures widely introduced by Member States had a significant impact on retail trade, as the seasonally adjusted volume of retail trade declined by 11.2% in the euro area and by 10.4% in the EU, compared with February 2020, according to Eurostat, the statistical office of the
May 5, 2020 Government Operations Results for March 2020 For the period of April 2019 to March 2020, the GOJ reported Total Revenues & Grants of $649.76 billion, $4.50 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 3.3% relative to the $628.99 billion recorded for the corresponding
May 05, 2020 The latest report published by Eurostat, the statistical office of the European Union stated that “in March 2020, the month when COVID-19 containment measures began to be widely introduced by Member States, industrial producer prices fell by 1.5% in the euro area and by 1.4% in the EU, compared with February 2020.”
Date: May 01, 2020 IronRock Insurance Company Limited (ROC), for the three months ended March 2020, posted gross premiums of $178.67 million relative $120.78 million booked in the prior corresponding quarter; representing a 48% increase. Management noted that, “the increase was driven primarily by growth in our Motor and Property portfolios.” Proportional reinsurance amounted to $115.70
Date: May 01, 2020 NCB Financial Group Limited (NCBFG), for the six months ended March 31, 2020, booked a 40% increase in net interest income to total $27.98 billion relative to the $19.99 billion booked the corresponding period in 2019. NCBFG noted that this increase was "primarily due to the consolidation of GHL’s results. There
Date: May 01, 2020 Supreme Ventures Limited (SVL), for the three months period, reported a 9% increase in Total Gaming Revenue from $9.30 billion in 2019 to $10.13 billion in 2020. Revenues from the company’s segments were as follows: Revenue from Non fixed odd wagering games, horse racing and pin codes- $5.72 billion (2019: $5.42
April 30, 2020 Real gross domestic product (GDP) declined at an annual rate of 4.8% for the first quarter of 2020 according to the advance estimate released by the Bureau of Economic Analysis (BEA). However, for the fourth quarter of 2019, real GDP had a 2.1% growth. The downward movement in real GDP for the
April 30, 2020 Brent Oil Brent oil prices increased by 24.57% or US$5.24, as prices fell this week relative to the prior week. Oil traded on April 30, 2020 at a price of US$26.57 per barrel relative to US$21.33 on April 23, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
