October 9, 2020 The financial position of the Turks and Caicos Islands government and the economy has worsened. Under the leadership of the minister of finance Sharlene Robinson the country has lost an enviable opportunity to finance its growth and development and avoid a recession and is now facing British government intervention in its finances.
United States: Fed Officials Say More QE May Lack Punch, Fiscal Aid Needed “Federal Reserve officials kept up pressure for Washington to renew fiscal support for the virus-ravaged economy even as hopes of a deal between Democrats and Republicans continued to look dim. Without additional fiscal relief, the recovery will likely be a lot weaker,
October 08, 2020 Mr. Keith Duncan, CEO of JMMB Group, commented on the financial performance of the company. Operating revenue net of interest expenses for the FY2019/20 amounted to $21.52 billion (FY2018/19: $18.04 billion), a growth of 19% year over year. This translated to an 83% increase in net profit for the year to total
Daily Market Summary 8.10.2020 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, or will
Brent Oil Brent oil prices increased by 5.18% or US$2.12, as prices rose this week relative to the prior week. Oil traded on October 8, 2020 at a price of US$43.05 per barrel relative to US$40.93 on October 1, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
October 8, 2020 The Directors of Jamaican Teas Limited (JAMT) have approved a resolution setting November 30, 2020 as the new record date for the Company's proposed 3 for 1 stock split. The stock split will be put to the Company's shareholders for their approval at a continuance of the Annual General Meeting (AGM) which was
October 8, 2020 QWI Investments Limited (QWI) has advised that a connected party purchased a total of 1,457,868 QWI shares during the period October 2 to 6, 2020. 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
October 8, 2020 Supreme Ventures Limited (SVL) has advised that a connected party sold 382,297 SVL shares on October 5, 2020. 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
October 8, 2020 Ciboney Group Limited (CBNY) for the year ended May 31, 2020 reported total revenue of $18,435 relative to $54,435 reported for the prior financial year. Revenue for the last quarter reported an 82% decline to $2,000 compared to $11,000 recorded for the fourth quarter of 2019. Administrative and general expenses closed the
October 8, 2020 Jamaica’s Net International Reserves (NIR) totalled US$2,747.49 million as at September 2020, reflecting a decrease of US$11.90 million relative to the US$2,759.39 million reported at the end of August 2020 (see figure 1). This significant change in the NIR resulted from a US$31.81 million decrease in Foreign Assets which total US$3,713.37 million
