Brent Oil Brent oil prices decreased by 1.65% or US$1.21, as prices fell this week. Oil traded on August 9, 2018 at a price of US$72.19 per barrel relative to US$73.40 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.25% (JMD$0.35). Additionally,
August 09, 2018 The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 157,000 in July, and the unemployment rate fell to 3.9%. Job growth occurred in professional and business services, manufacturing, and health care and social assistance.” Household Survey Data According to available seasonally adjusted data, in July, there was decrease
August 09, 2018 Proven Investments Limited (PROVEN) has advised that the Company has been granted regulatory approval from the various applicable jurisdictions to acquire 100% of the common equity of a licensed security dealer with offices in Cayman and the Caribbean region. Proven further advised that the transaction is expected to close by month end August
August 09, 2018 PanJam Investment Limited (PJAM) has advised that at a meeting of the Board of Directors scheduled for Thursday, 16 August 2018 the Directors will consider the payment of a third interim dividend for the year 2018.
Date: August 09, 2018 Seprod Limited (SEP), for the six months ended June 30, 2018, generated revenue of $10.44 billion compared to the $8.37 billion recorded for the same period of the prior financial year; this represents a 25% increase year over year. The manufacturing division, recorded a 32% growth to close at $9.92 billion.
Date: August 9,2018 Access Financial Services Limited (AFS) for the three months ended June 30, 2018 reported $401.66 million in total interest income, a 17% increase relative to the $343.04 million recorded in 2017. Of this, Interest Income from Loans amounted to $400.15 million (2017: $339.32 million), while Interest Income from Securities totalled $1.51 million
August 09, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph
Date: August 9, 2018 United States: U.S. Oil Vanishing From China Tariffs Reveals American Clout The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months after threatening to impose levies on imports of U.S. crude,
Date: August 8, 2018 Jamaica’s Net International Reserves (NIR) totaled US$3,149.48 million as at July 2018, reflecting an increase of US$13.99 million relative to the US$3,135.49 million reported as at the end of June 2018 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$13.32 million to total US$3,700.72 million
Date: August 08, 2018 Honey Bun (1982) Limited (HONBUN), for the nine months ended June 30, 2018, Revenue grew by 4% amounting to $1.01 billion, up from $969.42 million reported a year ago. The Company had a 0.3% increase in Cost of Sales to $551.66 million (2017: $550.16 million) and consequently, Gross Profit increased by 8%
