The Bank of Jamaica (BOJ) to assay update of FX system Commencing July 26, 2017, authorized dealers and eligible cambios will purchase foreign exchange from the Bank of Jamaica (BOJ) via a competitive bidding process. The new framework is being introduced by way of a pilot exercise on June 28, 2017. This framework, referred to
C2W Music Limited records (MUSIC) a loss of US$6,610 for the first quarter ended March 31, 2017. Three months Results as at March 31, 2017:- C2W did not record any revenue over the first quarter ended March 31, 2017 compared to the US$239 for the same period last year. C2W spent US$6,394 on total expenses
The International Monetary Fund reduced its outlook on the world biggest economy, the United States, to 2.1% from 2.3% in its World Economic Outlook in April 2017. The outlook is clouded by important medium-term imbalances according to the Fund. The IMF highlighted that the economic model is not working as well as it could in
On June 26, 2017, 2,031,926 units of Derrimon changed hands with the share price closing the trading day at $8.50. The volume represents the largest traded since the start of the year. The second largest volume traded to date was 1,039,357 units, with the share price closing at $8.52 on June 14, 2017. Year to
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Today at the Jamaica Producers Group Limited Annual General Meeting held June 23, 2017 , The Chairman, Mr. Charles Johnston highlighted that JP earned record profits attributable to shareholders of $3.9 billion. Mr. Johnston also indicated that the performance of the company was due to the recognition of Kingston Wharves as a Subsidiary. Gains reported in
Introduction After greeting and welcoming shareholders and visitors, Jeffery Hall, Chairman of Kingston Wharves Limited (KW) stated, “the performance of your business in 2016 was satisfactory and strong.” He highlighted that Kingston Wharves is an important service provider to businesses and people of the wider Caribbean. The Chairman went on to state his view that,
Consumer Price Index- May 2017 The inflation rate for the month May 2017 was 0.1%, following and upward movement of 0.3% in April 2017. The movement was credited to a 0.1% increase in the division ‘Food, Non-Alcoholic Beverages and Tobacco’. The division ‘Transport’ moved up by 0.2%, while the ‘Alcoholic Beverages and Tobacco increased by
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