The Bureau of Economic Analysis (BEA) today revised the U.S. Gross Domestic Product (GDP) growth for the January to March quarter of 2017 to 1.4%. This was the third estimate of the quarter following the availability of more complete data which was previously not available for the second estimate. The previous estimate produced a revision
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
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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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,
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Main Event Entertainment Group Limited (MEEG) for the six months ended April 31, 2017 recorded a total of $652.15 million in revenue compared to $602.99 million booked for the comparable period in 2016. The growth according to the company, “reflects increased sales in all three segments of the of the business, with the most significant
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Scotia Group Jamaica Limited (SGJ) for the six months ended April 30, 2017 recorded an improvement in Net Interest Income to $13.17 billion, moving from $12.40 billion for the corresponding period in 2016, while Interest Expenses declined by 13% to total $2.23 billion (2016: $2.56 billion). Interest Income for the six months increase 3% to close
