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2 08, 2018

FOMC votes to maintain target range

2018-08-02T21:27:43-05:00

Date: August 2, 2018 Based on the latest information received by the Federal Open Market Committee (FOMC) since June, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Strong

2 08, 2018

Government Operations Results for June 2018

2018-08-02T17:37:15-05:00

Date: August 2, 2018 Government Operations Results for June 2018 For the period of April 2018 to June 2018, the GOJ reported Total Revenues & Grants of $140.68 billion, $596 million more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 11.8% relative to the $125.84 billion recorded for the

2 08, 2018

Gas Price Movement – August 02, 2018

2018-08-02T16:54:56-05:00

Brent Oil Brent oil prices increased by 1.49% or US$0.65, as prices fell this week. Oil traded on August 2, 2018 at a price of $73.40 per barrel relative to US$74.51 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.93% (JMD$2.60). Additionally,

2 08, 2018

Industrial Producer Prices Up By 0.4% in Euro Area

2018-08-02T16:47:09-05:00

August 02, 2018 According to the latest report published by Eurostat, the statistical office of the European Union, “In June 2018, compared with May 2018, industrial producer prices rose by 0.4% in both the euro area (EA19) and the EU28.” However, in May 2018 there price increased by 0.8% in the euro area while in

2 08, 2018

GK Reports 12% Increase for Six Months Net Profit

2018-08-02T16:42:23-05:00

Date: August 02, 2018 Grace Kennedy Limited (GK), for the six months ended June 30, 2018,  recorded revenue of $48.37 billion for period (2017: $46.37 billion), a year over year increase of 4%. Revenue for the second quarter of 2018 improved 3% to $23.46 billion (2017: $21.73 million). The biggest contributor to the group’s overall

2 08, 2018

LASM reports 77% increase in first quarter net profit

2018-08-02T14:25:33-05:00

Date: August 2,2018  Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2018 recorded an increase of $222.67 million or 15% in total revenue to total $1.73 billion, relative to the $1.51 billion recorded for the comparable period in 2017. Cost of sales amounted to $1.12 billion (2017: $1.03 billion) for the quarter,

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