During the period January to June 2017 the Jamaica’s trade deficit worsened to US$2,046.4 million, increasing by US$383.9 million or 23.1% relative to US$1,662.5 million for the corresponding period in 2016. According to the Statistical Institute of Jamaica (STATIN), the total spend on imported goods amounted to US$2,720.6 million, an increase of 19.9% or US$451.8
Please click below to view today’s Featured Stock. Weekly Picks 04.09.17 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 this information is strictly
U.S. jobs report was released by the Bureau of Labor Statistics on Friday. The report highlighted an increase in total nonfarm payroll employment by 156,000 in August. This resulted in the unemployment rate being 4.4%, and the number of unemployed persons totalling 7.1 million according to the Bureau. The report further states, “employment growth has
Ansa Coatings International Limited has alerted the public, its intention to acquire 48.99% of the share capital of the Berger Paints Jamaica Limited (BRG) being the remaining 104,990,171 issued ordinary shares of Berger Paints Jamaica Limited. The offeror, Ansa Coatings International Limited is a diversified manufacturer and supplier of paint and coatings in the Caribbean.
Scotia Investments Jamaica Limited (SIJL) shareholders today approved by way of vote, a scheme of arrangement to cancel and extinguish all the scheme shares held by shareholders excluding those held by Scotia Group. This approval seeks to further integrate SIJL into the Scotia Group as, “greater operational synergies can be gained from the relationship with
U.S. economic growth second estimate for the second quarter increased 3%, beating the advanced estimate of 2.6%. The growth came on the back end of increased consumer spending, non-residential fixed investment, exports, federal government spending, and private inventory investment that were partly offset by negative contributions from residential fixed investment and state and local government
In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2017 reported a 4% growth year on year in revenues to close at $98.29 million compared to the $94.10 million for the prior year. For the fourth quarter the company posted a 19% growth
Today Crude Oil WTI futures fell from an opening price of US$47.72 per barrel to US$46.30 per barrel, a decline of 2.98%. The price of the commodity did not experience a rapid rise in price subsequent to Hurricane Harvey making its land fall in Texas Late Friday, August 25, 2017. The category 4 hurricane barrelled
lease click below to view today’s Featured Stock. Weekly Picks 28.08.17 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 this information is strictly
Effective today, August 25, 2017, The Bank of Jamaica (BOJ) has advised the public of a reduction in its policy interest rate by 25 basis point from 3.75% to 3.50%. The rate is offered on overnight placements with the Bank. This amendment according to the BOJ, “reflects the Bank’s assessment that inflation will be within
