Date: October 03, 2019 For the period of April to August 2019, the GOJ reported Total Revenues & Grants of $250.63 billion, $4.69 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 9% relative to the $229.97 billion recorded for the corresponding period in 2018. ‘Tax Revenue’, ‘Non-Tax
October 3, 2019 According the Statistical Institute of Jamaica (STATIN), “the Jamaican economy grew by 1.3% for the second quarter of 2019 when compared to the similar quarter of 2018.” This was attributable to growth in both the Goods Producing Industries of 0.6% and the Services Industries of 1.6%. The Goods Producing Industries growth was
Brent Oil Brent oil prices decreased by 8.64% or US$5.42, as prices decreased this week relative to the prior week. Oil traded on October 03, 2019 at a price of US$57.32 per barrel relative to US$62.74 on September 26, 2019. Brent oil began the year at US$54.91 per barrel. Petrojam prices 87 Octane prices decreased
Date: October 02, 2019 SSL Venture Capital Jamaica, for the year ended June 30, 2019, reported revenues of $332.27 million versus $510,419 reported in the prior year. The Company noted that, “this level of revenue growth is expected to continue the upward trend for the foreseeable future as we strengthen the capacity of the business
October 10, 2019 Unemployment rates trended downward for the month of August in 224 of the 389 metropolitan states compared to a year earlier. According to Bureau Labor Statistics, this was “higher in 132 areas, and unchanged in 33 areas.” Jobless rates lower than 3% were recorded in 82 areas while 2 areas posted rates
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
Date: September 30, 2019 Kindly click the link below to view today's featured stock. Weekly Picks 30.09.19 ECL The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on
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
September 26, 2019 Real gross domestic product (GDP) grew for the second quarter of 2019 at an annual rate of 2.0%, based on the "third" estimate released by the Bureau of Economic Analysis (BEA). The first quarter of 2019 real GDP yielded an increase of 3.1%. According to BEA, the third estimate, released today, is
Date: September 25, 2019 In the second quarter 2019, state personal income rose 5.4% at an annual rate relative to a 6.2% increase in the first quarter according to estimates released by Bureau of Economic Analysis (BEA). The BEA also noted, “the percent change in personal income across all states ranged from 7.5% in Texas
