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
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
Please click below to view today’s Featured Stock. Weekly Picks 02.10.17 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 the contents of this information is strictly
At the Lasco Distributors Limited’s (LASD) Annual General Meeting, Mr. Peter Chin, Managing Director, gave us a brief description of the company. He stated that the company is a Marketing and Distribution Company which has a consumer and a pharmaceutical division. He then began to speak on a few financial highlights for the company’s year-end.
Lasco Financial Services Limited’s (LASF) Managing Director, Mrs. Hall-Tracey opened her address by highlighting the challenges and successes the company had over the past year and what the company will do to capitalise on opportunities and to meet the challenges. She noted that despite the closure of some outlets due to the lottery scam, the
According to Bureau of Economic Analysis the U.S. economy grew faster than previously estimated in the second quarter, recording its fastest growth since 2015. The growth rate was 0.1% more than the “second” estimate released in August. In the first quarter, real GDP increased 1.2%. However, the report also advised that the momentum probably slowed
Please click below to view today’s Featured Stock. Weekly Picks 25.09.17 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 the contents of this information is strictly
Monthly Economic Review - August 2017
On July 24, 2017, Ansa Coating International Limited (ACI) purchased 100 per cent of shareholdings in Lewis Berger (Overseas Holdings) Limited (“LBOH Acquisition”). As a result of this acquisition, Ansa indirectly holds 109,332,222 ordinary shares in Berger Paints Jamaica Limited (BRG), which represents 51.01 per cent of the shares in issue. As the majority shareholder,
