March 11, 2024 Jamaica Broilers Group Limited (JBG) for the nine months ended January 31, 2024, reported a 3% increase in Revenue totalling $70.35 billion compared to $68.51 billion in the corresponding period last year. Revenue for the third quarter had a 4% increase to close at $23.58 billion compared to $22.67 billion for the
March 11, 2024 United States: End of Fed Tool That Buoyed US Banks Puts Reserves in Spotlight Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires. The Bank Term Funding Program, which was established in March
March 8, 2024 EXPRESS CATERING LIMITED: – BASIS OF ALLOTMENT OF SENIOR UNSECURED BONDS DUE 2027 Montego Bay: Express Catering Limited (“ECL”), issuer of the invitation for subscription of Senior Unsecured Bonds Due 2027 made subject to a prospectus dated January 31, 2024 (the “Prospectus”), announces that the basis of allotment has been determined in
March 8, 2024 Jamaica Producers Limited (JP) for the year ended December 31, 2023, reported a 75% decrease in Turnover totaling $7.15 billion compared to $29.00 billion in the corresponding period last year. Turnover for the fourth quarter had a 100% decrease to close at $29.28 million compared to $7.44 billion for the comparable quarter
March 8, 2024 138 Student Living Jamaica Limited (138SL) has advised that at its Annual General Meeting held on Tuesday, March 5, 2024, the following resolutions were passed: “That the Directors’ Report, the Auditor’s Report and the Statements of Account for the year ended 30 September 2023 be and are hereby received and adopted.”
March 8, 2024 Sagicor Group Jamaica Limited (SJ) has advised that the Trustee of Sagicor Long-Term Incentive Plan sold 114,717 SJ shares to two executives on March 7, 2024. This trade relates to the exercise of stock options pursuant to the Executive Stock Option Plan. Disclaimer: Analyst Certification - The views expressed in
March 8, 2024 Net International Reserves – February 2024 BOJ has reported that Jamaica's Net International Reserves as at February 29, 2024 stood at US$4,698.90 million, reflecting an increase of US$19.81 million when compared to the US$4,679.09 million reported at the end of January 2024. Foreign Assets totalled US$4,808.15 million, US$19.62 million more than the
March 8, 2024 In February, total nonfarm payroll employment in the United States increased by 275,000 jobs, according to the U.S. Bureau of Labor Statistics. However, the unemployment rate also rose slightly to 3.9 percent. Job gains were observed across various sectors including health care, government, food services and drinking places, social assistance, and transportation
March 8, 2024 United States: Concentrated US Payrolls Growth Likely Masked Cooling, Bloomberg Economics Says The US Bureau of Labor Statistics will likely issue another strong jobs report Friday, but one that shows hiring in February was concentrated in just a few sectors and masked a broader cooling in the labor market, according to Bloomberg Economics.
March 7, 2024 On March 7, 2024, the Governing Council made the decision to keep the three key interest rates set by the European Central Bank (ECB) unchanged. Therefore, the interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility will all remain at 4.50%, 4.75%, and 4.00%, respectively. Since
