Brent Oil Brent oil prices fell by 0.22% or US$0.20 relative to the prior week. Oil traded on February 3, 2022, at US$89.14 per barrel relative to US$89.34 on January 27, 2021. Brent oil opened 2022 year at US$78.98 per barrel. Petrojam prices 87 Octane prices rose by 1.78% (JMD$3.060) and 90 Octane increase by
United States: U.S. Jobless Claims Decline for Second Week as Omicron Eases “Applications for U.S. state unemployment insurance fell for a second week, partially unwinding a recent spike in claims as the omicron wave recedes. Initial unemployment claims decreased by 23,000 to 238,000 in the week ended Jan. 29, Labor Department data showed Thursday. The
February 2, 2022 Government Operations Results for December 2021 For the period of April to December 2021, the GOJ reported Total Revenues & Grants of $492.22 billion, $1.23 billion less than the Government’s projection. This represented an increase of approximately 23.6% relative to the $398.26 billion recorded for the corresponding period in 2020. ‘Non-Tax Revenue’
February 02, 2022 In the fourth quarter of 2021, national vacancy rates for rental housing were 5.6% and 0.9%, respectively. The rental vacancy rate was 0.9 percentage points lower than in the fourth quarter of 2020 (6.5%) and did not differ statistically from the third quarter of 2021 (5.8%). The 0.9% homeowner vacancy rate was 0.1
February 2, 2022 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2021 posted gross premiums of $881.21 million relative $836.97 million; representing a 5% increase. Fourth-quarter gross premium amounted to $260.67 million, a 12% increase when compared to $233.76 million for the corresponding quarter of 2020. Proportional reinsurance amounted to $634.28 million
United States: Fed Won’t Be Rushed in Its Hiking Path by Wall Street Frenzy “Federal Reserve officials have a message for investors ramping up 2022 interest-rate expectations: not so fast. None of six Fed officials speaking so far this week have backed the idea of a half-point rate increase in March, and the most aggressive,
February 2, 2022 The Caribbean Development Bank (CDB) is projecting gross domestic product (GDP) growth of 9.1% across its 19 Borrowing Member Countries (BMCs) in 2022, accelerating the region’s economic recovery which started in 2021. The favourable outlook is anchored by an expected surge in the GDP of commodity-exporting economies by an estimated 17.5% on account of
February 1 , 2022 The number of job openings on the last business day of December remained unchanged at 10.9 million, according to the US Bureau of Labor Statistics. The number of people hired and the number of people who left fell to 6.3 million and 5.9 million, respectively. The quit rate within separations remained
February 1, 2021 Indies Pharma Jamaica Limited (INDIES), reported revenues for the twelve months ended October 31, 2021 of $846.83 million, an increase of 11% when compared with the $765.95 million booked last year. Revenues for the fourth quarter increased 7% to $213.54 million (2020: $200.11 million). Cost of sales amounted to a total of
February 1 , 2022 Jamaican Teas Limited (JAMT) reported a 3% increase in revenues to total $2.27 billion (2020: $2.20 billion). For the quarter, revenues amounted to $520.36 million (2020: $782.88 million). Cost of sales increased by 7% to $1.72 billion (2020: $1.61 billion). Hence, gross profit fell 5% to $553.30 million (2020: $584.89 million).
