Brent Oil Brent oil prices increased by 4.58%, as prices increased this week. Oil traded on August 23, 2017 at a price of 52.57 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 1.07% . Additionally 90 Octane declined by 1.05% week over week. 87 Octane and 90 Octane opened the year
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between June 5th and July 14th 2017 and had 304 respondents. June’s survey indicated the expected inflation rate for 2017 is 2% in line with expectations recorded in the previous survey. Expectations dipped from the 2.3% expected subsequent to March’s
According to the Bureau of Labour Statistics, “Unemployment rates were higher in July in 3 states, lower in 1 state, and stable in 46 states and the District of Columbia,” while the national unemployment rate was 4.3%, 0.6% lower than in July 2016. The Bureau reported that, “nonfarm payroll employment increased in 11 states and
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Jamaica Teas Limited (JAMT) for the 9 months ended June 2017 reported a 26% increase in Revenue to total $1.18 billion (2016: $938.63 million). Revenue for the quarter saw a 35% increase to total 421.01 million relative to 312.72 million 2016. According to the company, “Revenues at our supermarket division amounted to $106 million for the
The inflation rate for the month July 2017 was 0.6 %, following an upward movement of 0.7% in June 2017. The division which recorded the highest movement for the month was ‘Food and Non-Alcoholic Beverages’ with a 1.2% growth. STATIN reported that the prolonged effect of the flood rains in mid-May continued to impact agricultural
Dolphin Cove Limited (DCOVE) for the six months ended June 30, 2017 reported Total Revenue of US$8.66 million, a 6% increase when compared to US$8.20 million booked the year prior. Revenue from dolphin attraction contributed US$4.91 million to total revenue, a 2% increase when compared to the US$4.80 million reported in 2016, while revenues from
Key Insurance Company Limited (KEY) for the six months ended June 30, 2017 reported a 46% growth in net premiums written from $285.15 million to $415.45 million as a result of a 36% increase in gross premium written which closed the period at $660.71 million (2016: $486.74 million). Reinsurance ceded for the period also increased
Lasco Manufacturing Limited (LASM) for the three month ended June 30, 2017 recorded a decrease of $379.89 million or 13% in total revenue to total $1.51billion, relative to the $1.73 billion recorded for the comparable period in 2016.according to LASM, “revenue was impacted by the phasing down of production during periods of the first two
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