September 09, 2020 The PIOJ presented the preliminary estimates on economic performance for quarter the April to June 2020 quarter. The following were noted: Overview of Real Industry Developments For April to June 2020, real GDP fell by an estimated 18.0% relative to the corresponding quarter of 2019. The Goods Producing and Services Industries contracted by
United States: U.S. Businesses in China Not Heeding Trump’s Call to Return Home “President Donald Trump says U.S. companies should leave China and return home. A new survey of U.S. businesses in the country shows most aren’t interested in taking him up on the offer. Only about 4% of the more than 200 manufacturers surveyed
September 8, 2020 President and CEO, Mr. Christopher Zacca highlighted the financial performance of Sagicor Group Jamaica (SJ). For the year ended December 31, 2019, revenue amounted to $92.67 billion from $70.66 billion in 2018 to reflect a net profit of $15.46 billion (2018: $13.88 billion). Revenues for the six months ended June 30, 2020 amounted to $38.85 billion (2019: $42.59
September 8, 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,759.39 million as at August 2020, reflecting a increase of US$1.03 million relative to the US$2,758.36 million reported at the end of July 2020 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$5.09 million to total US$3,745.18 million compared
September 8, 2020 Stationery and Office Supplies Limited (SOS) reported outstanding financial performance for 2019, with over $1.2B in revenues and a 60% increase in pre-tax profits. In recent years, the company’s increased emphasis on local production, supply and storage has proven to be successful, as it has seen a 16% rise in inventories. Furthermore, sales
United states: Fed Wants Banks to Say What They’re Doing to Promote Diversity “The Federal Reserve wants the banks it oversees to provide more information on what they’re doing to promote racial and gender diversity, a senior central bank official said. “In the last two years, regulated entities slightly increased their submissions of assessments of
September 07, 2020 Caribbean Cream Limited (KREMI) has declared an interim dividend of $0.029 per share payable on Friday, October 2, 2020 to shareholders on record as at September 16, 2020. The ex-dividend date is September 15, 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry
United States: Factory Owners Hiking Pay to Lure Workers Even With Jobless Rate “As the economy picks up, America’s warehouse and factory owners increasingly find they can’t fill jobs without boosting meager wages. E-commerce is driving a surge of orders, with U.S. manufacturing expanding in August at its fastest pace since late 2018. That has
September 4, 2020 Daily Market Summary 4.09.2020 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,
September 4, 2020 Ms. Brenda-Lee Martin, CEO of Sagicor Real Estate X Fund, Ms. Martin highlighted the financial performance of XFUND. For the year ended December 31, 2019, revenue amounted to $6.30 billion (2018: $8.81 billion) to reflect a net loss of $38.31 million relative to a net profit of $154.35 million in 2018. This
