August 27, 2019 Bank of Jamaica (BOJ) announces its decision to lower the policy interest rate (the rate offered on overnight placements with BOJ) by 25 basis points to 0.50 per cent, effective Wednesday, 28 August 2019. This decision reflects Bank of Jamaica’s assessment that inflation is projected to average 4.3 per cent over
Date: August 27, 2019 Blue Power Group Limited (BPOW) for the three months ended July 31, 2019 revenues increased by 2%, year over year, totaling $443.91 million (2018: $436.45 million) as sales from the Lumber division increased by 9%, while sales from the Blue Power division fell by 14%. Cost of Sales for the quarter
Date: August 27, 2019 1834 Investments Limited (1834) For the three months ended June 30, 2019 Revenue for the first quarter of the 2019 financial year declined by 31% to $5.67 million (2018: $8.23 million). Other operating income increased in the first quarter of 2019 to $26.12 million. This compares to the prior year’s period
Date: August 26, 2019 Mr. Wayne Henry, Director General for PIOJ in his address to the audience, highlighted the 2017 Poverty Overturn in addition to the perspective on the likelihood of a global recession and how it would affect Jamaica. In regards to Employment Update, the Director General briefly highlighted that for the month of
August 26, 2019 SSL Venture Capital Jamaica Limited (SSLVC) For the six months ended June 30, 2019 reported revenues of $132.10 million versus $43,725 reported in the prior year’s corresponding period. While for the quarter, SSLVC reported 38.51 million (2018: $43,725) in revenue. Cost of sales amounted to $112.68 million (2018: nil), thus resulting in gross profit
Date: August 26, 2019 Kindly click the link below to view today's featured stock. Weekly Picks 26.08.19 ECL The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on
Date: August 23, 2019 According to the latest report published by Bureau of Economic Analysis, based on the operations and finances of U.S. parent companies and their foreign affiliates, worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4% to 42.5 million workers in 2017 from 42.3 million in 2016. In 2017, employment in the United States by
Date: August 22, 2019 The latest report from the U.S. Bureau of Labor Statistics showed that from March 2018 to March 2019, employment increased in 298 of the 355 largest U.S. counties. National employment rose 146.5 million in March 2019, a 1.4% increase over the year. Midland, Texas, had the largest percentage increase in employment
Date: August 21, 2019 Seasonally adjusted production in the construction remained unchanged in the euro area (EA19) and fell by 0.3% in the EU28 in June compared with May 2019. According to Eurostat’s first estimates stated in May 2019, “production in construction decreased by 0.5% in the euro area and by 0.4% in the EU28.
Date: August 19, 2019 Knutsford Express Services Limited (KEX), for the year ended May 31, 2019 reported total revenue of $1.15 billion, relative to $926.15 million reported for the prior financial year. Revenue for the last quarter amounted to $304.68 million, an increase of 22% from the $249.02 million for the same period last year.
