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
Brent Oil Brent oil prices fell by 2.80% (US$1.61), as prices declined this week. Oil traded on October 4, 2017 at a price of 55.80 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices declined week over week, by 0.40% (US$0.47 ). Additionally 90 Octane declined by 0.39% or
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.
U.S.: Trump’s Short List for Fed Chair Features These Hawks and Doves Here’s a look at the candidates President Donald Trump is considering over the next few weeks to nominate as chairman of the Federal Reserve and where they stand on monetary policy. Trump has met with Fed Chair Janet Yellen, National Economic Council Director
NCB Financial Group Limited (NCBFG) has advised that Mr. Warrick Ward , Chief Executive Officer and Director of NCB Capital Markets (Barbados) Limited, demitted office on September 29, 2017.
Sagicor Group Jamaica Limited (SJ) has advised that two Directors and a related party purchased a total of 6,280,059 SJ shares. SJ further advised that a related party and a Senior Manager sold a total of 5,265,387 SJ shares. These transactions were conducted on October 2, 2017.
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
For the period of April 2017 to August 2017, the GOJ reported Total Revenues & Grants of $213.07 billion, $14.62 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 11.9% relative to the $190.43 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ‘Non-Tax Revenue,’ ‘Capital Revenue’
Scotia Investment Jamaica Limited announced on Tuesday, October 2, 2017 that the Supreme Court has approved and sanctioned the scheme of arrangement pursuant to the stock units of the company. The Scheme will see shares held by the minority shareholders being cancelled, and in consideration of which, shareholders shall receive J$38.00 per share or the
U.S.: Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. HIGHLIGHTS OF ADP
