MDS intends to expand Consumer and Medical Division
October 1, 2019 Chairman, Mr. Winston Boothe, at Medical Disposal and Supplies Limited’s 6th Annual General Meeting, highlighted that the company has had, “ another year of growth and group performance.” The company encountered challenges such as, “foreign exchange losses, amounting to $22.3 million and the Hagley Park road construction works. The construction road works on the Hagley Park road has been particularly disruptive to our business over the past year by reducing the level as walk-in traffic, affecting communication systems , affecting receival and delivery of goods as well as affecting water supply.” Revenue for the financial year as mentioned
Bank of Jamaica holds policy rate
September 30, 2019 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight balances at Bank of Jamaica) unchanged at 0.50 per cent per annum. The decision to hold the policy rate unchanged is based on the Bank’s current assessment that monetary conditions are generally appropriate to support the achievement of the inflation target of 4.0 per cent to 6.0 per cent over the ensuing four to eight quarters. Bank of Jamaica will therefore continue to closely monitor the impact of the significant monetary loosening on credit expansion, and consequently, on investment
Jamaica Sovereign Credit Rating Raised To ‘B+’ From ‘B’ On Improved External Position; Outlook Is Stable
September 30, 2019 Overview Jamaica has made material progress in achieving macroeconomic stability and strengthening of its external position, improving its ability to withstand external shocks. As a result, we are raising our long-term foreign and local currency sovereign credit ratings on Jamaica to 'B+' from 'B' and affirming our short-term foreign and local currency sovereign credit ratings at 'B'. The stable outlook reflects our expectation that Jamaica will continue to bolster its fiscal resilience through continued public-sector reform, a declining debt burden, and will generate modest real GDP growth. Rating Action On Sept. 27, 2019, S&P Global Ratings