May 11, 2022 The Financial Policy Committee (FPC), following their meeting of May 6, 2022, and review of the financial performances and risks up to the quarter ended March 2022, issued the Statement dated May 10, 2022, which serves as an update to the FPC’s Statement on the Annual Financial Stability Report dated April
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3% in April 2022, on a seasonally adjusted basis, according to U.S. Bureau of Labour Statistics (BLS) after a 1.2% increase in March. The all-items index rose 8.3% before seasonal adjustment over the last year to an index level of 289.109 (1982-84=100). The all-items less
May 11, 2022 Edufocal Limited (LEARN), for the three months ended March 31, 2022, reported revenue of $60.92 million, 81% more than the $33.60 million reported in the previous corresponding period. LEARN noted, “This increase is indicative of our continued growth in business sales.” Administrative and Operating expenses increased by 48% to $45.06 million relative
May 11, 2022 Salada Foods Jamaica Limited (SALF), recorded a 10% increase in turnover for the six months to close at $635.27 million (2021: $579.30 million). Management stated, “Gross Revenue for the half-year was $635.3 million, a 10% increase over the prior year of $579.3 million. By increasing promotional efforts, the Company quickly adapted to
United States: Prices in US Outstrip Forecasts in Sign of Inflation Persisting “US consumer prices rose by more than forecast in April, indicating inflation will persist at elevated levels for longer and keeping the Federal Reserve on the path of aggressive interest-rate hikes. The core consumer price index, which excludes food and energy, increased 0.6%
May 10, 2022 Kingston Properties Limited, for the three months period, reported rental income of US$797,770, 12% more than the US$709,695 reported in the previous corresponding period. KPREIT noted, “The higher year on year figure was mainly due to achieving higher occupancy levels at our properties in Jamaica and the Cayman Islands, as well as increases
May 10, 2022 Sagicor Group Jamaica Limited (SJ) for the three months ended March 31, 2022, reported an increase in total revenues by 3% to $23.76 billion from $23.12 billion in 2021. Total revenue is broken down as follows: Net premium revenue rose by 5% to close at $13.12 billion compared to $12.52 billion documented 2021. Net investment
May 10, 2022 NCB Financial Group Limited (NCBFG), for the six months ended March 31, 2022, booked a 19% increase in net interest income to total $32.38 billion relative to the $27.10 billion booked the corresponding period in 2021. NCBFG noted, “This reflects continued growth in lending and higher investment securities coupled with effective interest
United States: Inflation Is So Bad Democrats Want Biden to ‘Do More’ for Midterms “As Ronald Reagan might have put it: Here we go again. Forty-two years after inflation helped sweep the former California governor into the White House and return the Senate to GOP control, surging prices threaten once again to upend a Democratic
May 9, 2022 Seprod Limited (SEP) posted revenue totalling $43.88 billion compared to $37.74 billion recorded for the same period of the prior financial year, representing a 16% increase year over year. Revenue for the quarter amounted to $12.73 billion relative to the $9.08 billion reported in 2020. Direct expenses increased by 21% from $27.25
