February 16, 2022 The seasonally adjusted Producer Price Index for final demand jumped 1.0 percent in January, according to the US Bureau of Labor Statistics. This increase comes after gains of 0.4 percent in December 2021 and 0.9 percent in November 2021. Final demand prices increased 9.7% in the year ended January 2022 on an
The executive board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation with Jamaica. Jamaica made good progress to restore macroeconomic and financial stability in the decade preceding the pandemic. Aided by Fund financial support, the fiscal deficit was brought down from 11 percent of GDP in 2009 to a surplus; public debt
United States: U.S. Freight Cost Blowout May Mean Little Inflation Relief Soon “Getting goods to market in the U.S. is becoming costlier by the month and that suggests American shoppers will find little relief from high inflation any time soon. The costs of transportation and warehousing goods for final demand climbed another 1.4% in January
February 15, 2022 SSL Venture Capital Jamaica Limited (SSLVC), for the six months ended December 31, 2021, reported no revenues versus the $19.32 million reported in the prior year’s corresponding period. SSLVC stated that, “The SSL Venture Capital Group ended the reporting quarter with no active operating portfolio company. The revenues earned in the prior
February 15, 2022 Productive Business Solutions Limited (PBS) for the year ended December 31, 2021, reported a 37% increase in revenues from US$161.86 million in 2020 to US$221.92 million in 2021. For the quarter, revenues increased 53% to total US$76.46 million relative to US$49.89 million the prior corresponding quarter. PBS noted, “This year PBS solidified its position as the
February 15, 2022 Expressed in Barbados dollars Eppley Caribbean Property Fund Limited (CPFV), for the three months ended December 31, 2021 reported net rental income of $1.10 million (2020: $936,220), a 17% increase year over year. In addition, share of profit of investments accounted for using the equity method decreased from $417,430 in 2020 to $566,122
February 15, 2022 For the first quarter ended December 31, 2021, Barita Investments Limited (BIL) net interest income rose by 29% amounting to $472.69 million relative to $367.38 million for the comparable quarter in 2020. “This increase was driven focused on expanding the Group’s credit and fixed income portfolios through the efficient deployment of on-balance
February 15, 2022 Wigton Windfarm Limited, for the nine months ended December 31, 2021, reported sales of $1.58 billion, a 19% decrease on the $1.94 billion reported in the prior year. Revenue for the quarter decreased by 36% to $367.45 million (2020: $578.60 million). WIG indicated, “The nine months period, April to December 2021, saw
February 15, 2022 138SL’s Revenue increased by 8% to $276.27 million relative to the $255.56 million recorded for the corresponding period last year. Other operating income for the period under review fell by 87% to $2.62 million compared to $20.53 million a year earlier. Administrative expenses declined by 5% to amount to $134.50 million (2020:
February 14, 2022 Stanley Motta Limited (SML) for the year ended December 31, 2021, booked an 8% increase in revenue to total $492.92 million compared to $458.18 million for the same period in 2020. For the quarter, revenue increased by 8% to $125.95 million in 2021 compared to $117.04 million the previous year. SML indicated that,
