During the period January to July 2017 the trade deficit worsened to US$2,376.7 million, increasing by US$383.2 million or 19.2% relative to US$1,993.5 million for the corresponding period in 2016 based on data released by the Statistical Institute of Jamaica (STATIN). Imports The total spend on imported goods amounted to US$3,156.0 million, an increase
Lasco Distributors Limited (LASD) has advised that the Judge has fixed November 3, 2017, as the day for the delivery of Judgment in the assessment of Damages in the matter of Pfizer v Medimpex and LASD.
Caribbean Cream Limited (KREMI) held their fourth Annual General Meeting (AGM) today, highlighting the company’s successful year. Chairman, Mrs. Carol Clarke Webster opened the meeting stating, “we are proud to have completed another successful year. At the end of the financial year our share price increased to $7.48, up by 76%. Our net profit increased
Based on estimates from Eurostat, the statistical office of the European Union, industrial prices rose 0.3% in the euro area (EA19) and 0.4% in the EU28. Prices remained stable in July for the euro area while an increase of 0.1% was observed in the EU28. The increase of 0.3% in the euro area was attributed
The Jamaican economy recorded a 0.1% contraction for the second quarter of 2017 compared to the corresponding quarter of 2016 as indicated by the Statistical Institute of Jamaica (STATIN). The decline was attributed to a 3.3% decrease in the Goods Producing industries as the Agriculture, Forestry and Fishing and Mining and Quarrying industries declined. In
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LASCO Manufacturing Limited (LASM) held its Annual General Meeting held today at the Knutsford Court Hotel. Subsequent to the opening remarks by the Executive Chairman, Honourable Lascelles A. Chin and the reading of the auditor’s report, Managing Director, James Rawle made his presentation to shareholders. In his review of the company’s performance last year, the
The Bureau of Labor Statistics released its unemployment summary for the Metropolitan area today. The report highlighted unemployment rates were lower in August than a year earlier in 323 of the 388 metropolitan areas, higher in 55 areas, and unchanged in 10 areas. According to the Bureau, “Thirty-two areas had jobless rates of less than
Medical Disposable’s Managing Director, Mr. Kurt Boothe began his address by highlighting that "despite the challenging operating environment” the company, through its solution oriented program has completed another year with successful and positive results. Mr. Boothe noted that, “the company had undertaken many changes over the last and current business cycles.” MDS hit a symbolic
The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between July 17th and August 04th 2017. July’s survey indicated the expected inflation rate for 2017 is 1.8% for the calendar year, lower than the previous survey outturn (see Figure 1). Notably, the expected rate of 1.8% for 2017
