3 06, 2021

Overseas Headlines – June 3, 2021

2021-06-03T07:48:07-05:00

United States: Economists Brace for Another Volatile Monthly U.S. Jobs Report “Economists, blindsided by a major miss in April’s U.S. employment report, are now ready for any number of surprises. Estimates for May payrolls growth are wide-ranging -- from 335,000 to 1 million, according to a Bloomberg survey. After the previous month’s disappointment, in which

Overseas Headlines – June 3, 20212021-06-03T07:48:07-05:00
2 06, 2021

Government Operations Results for April 2021

2021-06-02T16:02:08-05:00

June 02, 2021 Government Operations Results for April 2021 For the period of April 2021, the GOJ reported Total Revenues & Grants of $75.73 billion, $3.41 billion more than the Government’s projection. This represented an increase of approximately 105.1% relative to the $36.92 billion recorded for the corresponding period in 2020. ‘Grants’ amounted to $93.5

Government Operations Results for April 20212021-06-02T16:02:08-05:00
2 06, 2021

PIOJ estimates contraction of 5.7% for Q1 2021 GDP

2021-06-02T14:46:07-05:00

June 02, 2021 Overview For January to March 2021, real GDP is estimated to have fallen by 5.7%, relative to the corresponding quarter of 2020. The Goods Producing Industry grew by 3.0% while the Services Industries fell by 8.1%. Notably, there is a gradual tempering of the rate of contraction as indicated by the preliminary

PIOJ estimates contraction of 5.7% for Q1 2021 GDP2021-06-02T14:46:07-05:00
2 06, 2021

COVID-19 Clinical Management Summary Update

2021-06-02T14:41:20-05:00

June 2, 2021   The graph above shows deaths reported since the previous day and the 7-day moving average   As of June 2, 2021, the outbreak of the coronavirus disease (COVID-19) had spread across the globe to six continents, and three million people had died after contracting the respiratory virus. Cases now stand at

COVID-19 Clinical Management Summary Update2021-06-02T14:41:20-05:00
2 06, 2021

MPCCEL reports first quarter net loss of US$80,702

2021-06-02T12:27:34-05:00

June 2, 2021 MPC Caribbean Clean Energy Limited (MPCCEL), for the three months ended March 31, 2021, recorded a total expenses amount of US$80,702. The breakdown for total expenses is: Accountancy fees closed the period at US$4,000 (2020: US$4,400). Administrative fees for the quarter amounted to US$17,443 versus US$28,584 recorded in the prior corresponding quarter.

MPCCEL reports first quarter net loss of US$80,7022021-06-02T12:27:34-05:00
2 06, 2021

Overseas Headlines – June 2, 2021

2021-06-02T08:53:54-05:00

United States: Weary Seafarers Come Ashore in U.S. for J&J One-Dose Shots “Ports around the U.S. are rolling out vaccines for seafarers, extending a lifeline to thousands of mostly foreign workers who’ve spent the pandemic isolated aboard ships ensuring goods kept trading across a battered global economy. From Boston to Houston and Los Angeles, and

Overseas Headlines – June 2, 20212021-06-02T08:53:54-05:00
1 06, 2021

U.S. Construction Spending Rose in April 2021

2021-06-01T15:20:36-05:00

June 01, 2021 Total Construction During April 2021, construction spending rose at an estimated seasonally adjusted annual rate of 0.2% (±0.8%) to $1,524.2 billion above the revised March estimate of $1,521.0 billion, reported by US Census Bureau. This April figure is 9.8% (±1.2%) above the April 2020 estimate of $1,387.9 billion. Private Construction  According to

U.S. Construction Spending Rose in April 20212021-06-01T15:20:36-05:00
1 06, 2021

EU unemployment rate at 7.3% and euro area at 8.0%

2021-06-01T10:17:13-05:00

June 1, 2021 The euro area seasonally-adjusted unemployment rate decreased by 0.1% to 8.0% in April 2021, compared to March 2021 and greater than 7.3% recorded in April 2020, according to Eurostat, the statistical office of the European Union. Additionally, it was reported that, “the EU unemployment rate was 7.3% in April 2021, stable compared

EU unemployment rate at 7.3% and euro area at 8.0%2021-06-01T10:17:13-05:00
1 06, 2021

Overseas Headlines – June 1, 2021

2021-06-01T08:32:08-05:00

United States: Americans Are Done With 5-Days a Week in the Office. Here’s What That Means for the Economy “Americans are shedding their masks, buying concert tickets and booking vacations like it’s 2019. But there’s one thing that’s doesn’t appear to be going anywhere as the pandemic fades: remote work. Companies from Vanguard Group Inc.

Overseas Headlines – June 1, 20212021-06-01T08:32:08-05:00
31 05, 2021

KLE reports year end net loss of $103.96 million

2021-05-31T12:17:10-05:00

May 31, 2021 K.L.E Group Limited (KLE), for the year ended December 31, 2020, recorded total revenue of $151.38 million (2019: $224.57 million), representing a 33% decrease. Whereas revenue, for the fourth quarter ended December 31, 2020, declined 38% to $43.53 million (2019: $70.68 million). Cost of sales for the year decreased by 31% to $44.37

KLE reports year end net loss of $103.96 million2021-05-31T12:17:10-05:00