February 19, 2020 The consumer price index for January 2020 was 267.5 resulting in an inflation rate of -1.1%, according to the Statistical Institute of Jamaica (STATIN). This downward movement was largely attributed to the decreases in the division of ‘Food and Non-Alcoholic Beverages’ by 1.4% and ‘Housing, Water, Electricity, Gas and Other Fuels’ by
February 19, 2020 United States: Fed’s Balance Sheet Dominates What to Watch For in FOMC Minutes “Traders and investors are eager for more detail on the Federal Reserve’s plans to wrap up its balance sheet expansion and a related short-term lending program when minutes of the Jan. 28-29 policy meeting are released Wednesday in Washington.
February 18, 2020 KINGSTON, Jamaica – Mayberry Investments Limited (“Mayberry”), announces the closure of Caribbean Assurance Brokers Limited’s (the “Company”) Initial Public Offer (the “Offer”) of 52,500,000 ordinary shares (the “Shares”), at the price of $1.91 per share, made subject to a Prospectus issued by the Company on Friday, 7 February, 2020. The application
Date: February 18, 2020 Medical Disposables & Supplies Limited (MDS) has advised that, in keeping with strategic plans to expand its Consumer Goods and Medical Divisions, the Company has recently been appointed distributors of the following product lines: Tree Hut Hawaiian Silky Wonder Gro Baby Magic Swinger Safety Matches Stauffers Sana Health Care Underpads
Date: February 18, 2020 iCreate Limited (ICREATE) has advised that Miss Antoinette Hamilton has been appointed to the position of Chief Financial Officer effective January 2, 2020. Miss Hamilton will be responsible for the financial operations of the Company. ICREATE has also advised that the Company raised J$24,000,000 through the issue of a bond arranged
Date: February 18, 2020 Eppley Caribbean Property Fund Limited SCC (CPFV) has advised that during the period February 4 to 5, 2020, a total of 14,645 CPFV shares were purchased under the Company’s share buyback program. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited
February 18, 2020 In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the six months ended December 31, 2019, revenues increased by 11% from $53.73 million in 2018 to close the period under review at $59.47 million. For the second quarter, the company also posted a 10% increase
February 18, 2020 United States: Fed Doesn’t Want Another Repo Crisis, But Treasury Isn’t Helping “The Federal Reserve has doled out tens of billions to calm the short-term lending markets after they went haywire in September. But initiatives by the U.S. Treasury Department -- to ensure it always has enough cash to pay its bills as the
Date: February 17, 2020 Seprod Limited (SEP) posted revenue totalling $34.35 billion compared to $22.50 billion recorded for the same period of the prior financial year, representing a 53% increase year over year. The Company stated, “This was driven primarily by the acquisition of the Facey Consumer Division in Q4 2018 and by an increase
February 17, 2020 138SL’s Revenue increased by 110% to $455.24 million relative to the $216.79 million recorded for the corresponding period last year. Other operating income for the period under review rose by 38% to $8.70 million compared to $6.30 million a year earlier. Administrative expenses increased marginally by 1% to amount to $205.01 million
