United States: Trump Pledges Tax Credits, Tariffs to Redirect Jobs from China “President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies. “We will create tax credits for
August 17, 2020 PANJAM Investment Limited (PJAM) for six months ended June 30, 20120 reported an 85% decrease in total income to $335.75 billion relative to $2.30 billion booked for the prior year’s corresponding period. For the quarter, total income decreased 69% to close at $538.35 billion (2019: $1.72 billion). Of total income: Investment losses amounted
September 29, 2020 Elite Diagnostic Limited (ELITE) for the year ended June 30, 2020 booked a 9% increase in revenue to total $439.80 million compared to $404.87 million in 2019. ELITE noted, “Despite the increase in revenue, the company experienced challenges with the St Ann location, equipment breakdown and the effects of Covid-19. With the delay of
August 17, 2020 Consolidated Bakeries (Jamaica) Limited (PURITY) recorded a 1% decrease in revenue to $543.63 million from $548.67 million reported for the corresponding period in 2019. For the second quarter the company recorded a revenue of $244.58 million (2019: $275.03 million), representing an 11% decline year over year. Cost of sales for the period slid
August 17, 2020 JETCON for the six months ended June 30, 2020 reported total turnover of $313.73 million, 33% less than the $467.17 million reported for the corresponding period in 2019. Jetcon noted, “After a challenging 2019 financial year, your company started off 202) with some positive signs that suggested the year would show encouraging
August 17, 2020 GENAC for the six months ended June 30, 2020, reported Gross premium written of $6.21 billion, 5% lower than the $6.56 billion reported for 2020. Reinsurance ceded fell 11% to close at $4.84 billion relative to $5.45 billion booked in 2019. Excess of loss reinsurance trended upwards by 16% to $78.64 million
August 17, 2020 ISP Finance Services Limited’s (ISP), Results for the six months ended June 30, 2020, Total Interest Income amounted to $177.78 million compared to $182.02 million in 2019, a decrease of 2%. For the quarter, Total Interest income amounted to $92.13 million (2019: $95.80 million). Total Interest Income for the six months ended June
August 17, 2020 For the period ended June 30, 2020, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 37% to $310.59 million relative to $226.33 million for the comparable period in 2019. For the quarter, the Company generated revenue of $161.20 million (2019: $113.75 million), a 42% increase year over year. CFF noted that, “this
August 17, 2020 Key Insurance Company Limited (KEY), for the six months ended June 30, 2020 reported a 157% increase in net premiums written from $148.98 million in 2019 to $382.92 million. This performance stemmed from a 20% decrease in gross premium written which closed the period at $643.09 million (2019: $802.48 million). Reinsurance ceded for the period fell to $260.17 million relative
August 17, 2020 JMMB Group Limited – (JMMBGL) for the three months ended June 30, 2020 booked Net interest income of $2.42 billion compared to $2.20 billion booked June 2019, an increase of 10%. Of this, Interest income grew by 19% to close at $5.46 billion, from the $4.60 billion booked in 2019, while interest
