Date: February 21, 2019 The leading contributors to the increase in U.S. economic growth in the third quarter of 2018 were Wholesale trade; information; and finance and insurance. According to The U.S. Bureau of Economic Analysis (BEA), “19 of 22 industry groups contributed to the overall 3.4 percent increase in real GDP in the third
Date: February 21, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the Governor, Mr. Brian Wynter, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 1.50%. According to the Governor, “this policy decision reflects the Bank’s assessment that inflation will again
Date: February 21, 2019 tTech Limited (TTECH) has advised of the appointment of Tracy-Ann Spence as an Independent Non-Executive Director of the Company effective February 19, 2019.
Date: February 21, 2019 Berger Paints Jamaica Limited (BRG) has advised that the transaction to transfer 109,332,222 BRG shares from Lewis Berger (Overseas Holdings) Limited (LBOH) to ANSA Coatings International Limited (ACIL) was completed on February 19, 2019.
Date: February 21, 2019 Sygnus Credit Investments Limited (SCI) has advised that at a meeting of the Board of Directors held on February 20, 2019, an interim dividend of US$0.001735 per share was declared. The dividend payment will be made to all shareholders on record as at March 11, 2019 and will be paid on
Brent Oil Brent oil prices increased by 4.23% or US$2.72, as prices increased this week relative to the prior week. Oil traded on February 21, 2019 at a price of US$67.06 per barrel relative to US$64.34 on February 21, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices increased
February 21, 2018 Please see the below graph with regards to the movement of the MJE’s Net Asset Value:
February 20, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) by 25 basis points to 1.50 per cent. This decision reflects Bank of Jamaica’s forecast that inflation, which is currently below the target of 4.0 per cent to 6.0 per cent,
Date: February 20, 2019 Salada Foods Jamaica Limited held its 54th Annual General Meeting today, which was hosted by the Company’s Chairman, Mr. Patrick Williams. The Chairman, in his opening remarks, highlighted that the financial year 2017/18 was Salada’s best performance in its 60-year history. Mr. Williams stated that, “not only did Salada surpass the
Date: February 20, 2019 The Planning Institute of Jamaica (PIOJ) Quarterly Press Briefing for October-December 2018. Mr. Wayne Henry, Director General for PIOJ, started the press briefing by providing the main highlights of the macroeconomic performance for the October-December 2018 quarter. The following were noted: Overview of Real Industry Developments For October-December 2018, real GDP
