January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
January 17,2018 Business Confidence Index Business Expectation is at its second highest level since the start of the study in 2001. The Jamaica Chamber of Commerce(JCC) index for Business Confidence in the fourth quarter of 2017 rose to a high of 142.6 from 135.2 recorded in the third quarter of 2017. The Business Confidence index
January 16, 2018. The inflation rate for the month December 2017 inched up to 0.6%, following an upward movement of 0.6% in November 2017, bringing the 2017 calendar year inflation rate to 5.2% according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 247.3 in November 2017 to
January 16, 2018 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported recently. Over the last 12 months, the all items index rose 2.1% before seasonal adjustment. An increase of 0.4% in the shelter index was responsible for approximately
Date: January 16, 2018 Eppley enters agreement with Fortress Fund Managers and Altman Real Estate Fortress Fund Managers Limited (‘Fortress’), Alleyne, Aguilar & Altman Limited (‘Altman Real Estate’) and Eppley Fund Managers Limited (‘Eppley’) are pleased to announce an agreement pursuant to which Eppley will assume all investment management and advisory responsibilities for Fortress Caribbean
Date: January 15, 2018 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2017, reported a decrease in revenues by 20% to US$2.25 million ( 2016: US$2.82 million). For the second quarter, MTL booked a 68% decline in revenue to US$390,044 compared to US$1.20 million for the comparable period in 2016. MTL noted,
January 15, 2018 PJX, for the nine months ended August 31, 2017, booked net gain on financial assets classified as at fair value through profit and loss of US$693,335 compared to US$745,947 last year. For the three months, net gain on financial assets classified as fair value through profit amounted to US$668,158 (2016: $311,887). Interest
Date: January 15, 2018 Caribbean Cream Ltd. (KREMI) for nine months ended November 30, 2017, reported a 12% increase in revenue during the period totalling $992.24 million compared to $885.63 million in the corresponding period last year. Revenue for the third quarter rose 18% to close at $318.98 million compared to $270.73 million for the
Date: January 15, 2018 Please click below to view today’s Featured Stock. Weekly Picks 15.01.18 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 the contents of
Date: January 12, 2018 Paramount Trading (Jamaica) Limited (PTL), for the quarter ended November 30, 2017 recorded a 27% increase in total revenues to $687.18 million from $539.13 million reported in 2016. PTL indicated, “our lubricants business line produced strong sales performance during this quarter when compared to last year growing by $28.9 million on
