Effective 25 October 2017, Bank of Jamaica will reduce the amount that authorised dealers and cambios are required to sell to the central bank from their daily purchases of foreign exchange. For both authorised dealers (ADs) and cambios, the amount required to be sold to the central bank will be reduced by 5.0 percentage points.
The inflation rate for the month September 2017 was 0.7%, following an upward movement of 0.3% in August 2017. The division which recorded the highest movement for the month was ‘Housing, Water, Electricity, Gas and Other Fuels’ with a 2.6% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.4%. STATIN reported that
Brent Oil Brent oil prices rose by 1.74% (US$0.98), as prices declined this week. Oil traded on October 19, 2017 at a price of 567.23 (US$/ barrel) and began the year at US$56.90 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.41% (US$0.48 ). Additionally 90 Octane increased by 0.40%
Margaritaville (Turks) Limited (MTL) For the three months ended August 31, 2017 Revenues increased by 15% for the period to US$1.86 million (Q1 2017: US$1.61 million). The company commented that “the location recorded increased ship calls and passenger counts during the quarter compared to the same period in the prior year.” Cost of sales (COS)
Ciboney Group Limited (CBNY) For the quarter ended August 31, 2017: Financial Income declined by 73% to total $11,000 from $40,000 in August 31, 2017. An exchange loss of $28,000 was realized relative to $132,000 gain for the corresponding period in 2016. Group Operating Expenses totalled $1.03 million as at August 31, 2017 relative to
Portland JSX Limited (PJX) For the six months ended August 31, 2017 Net gain on financial assets classified at as fair value through profit and loss amounted to US$25,177 compared to US$434,060 last year. For the three months, net loss on financial assets classified as fair value through profit amounted to US$198,187 compared to a
Knutsford Express Services Limited reported total revenue of $237.28 million, a 36.8% or $63.87 million increase when compared with the $173.41 million reported for the same period in 2017. According to KEX, “this was due to strong customer demand for passenger travel and our courier service.” Administrative and general expenses grew 31.7% to total $175.81
According to the Bureau of Labor Statistics the Consumer Price Index for all urban customers increased by 0.5% in September on a seasonally adjusted basis. Over the last 12 months, the all items index rose 2.2%. The gasoline index increased 13.1%, this accounted for about three-fourths of the seasonally adjusted all items increase according
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