Salada Foods, recorded a 17% increase in turnover for the quarter to $258.94 million (2016: $221.46 million). Salada Foods’ turnover increased by 14% to $871.73 million for the year end compared to $761.74 million booked in the previous year. The company noted that, “overall sales to the domestic market was consistent throughout the year
At the Annual General Meeting held at the Knutsford Court Hotel Mr. Clive Nicholas acting Chairman welcomed the group present and thanked shareholders for their presence. He introduced his fellow board members He then handed over to Managing Director, Mr. Derrick Derrick Cotterell, to present his overview of the company’s performance. Mr. Cotterell began by highlighting
The Bank of Jamaica (BOJ) announced that the Minister of Finance, The Honourable Minister Audley Shaw, approved a continuous medium term inflation target for the Bank in September 2017. This approval substitutes the annul fiscal year target. The target approved by the Minister is 4% - 6% for the Bank. The target inflation designates the
Please click below to view Jamaica's Monthly Economic Summary - October 2017. Monthly Economic Review - October 2017 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
Please click below to view U.S. Monthly Economic Review. USA Economic Review - October 2017 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
Blue Power Group Limited (BPOW) for the six months ended October 31, 2017 booked a 12% increase in revenue to total $761.19 million compared to $667.67 million for the same period in 2016. Sales from the Lumber division climbed to $544.35 million, 16% higher than $468.68 million, while sales in the Soap division increased by
The Bank of Jamaica (BOJ) announced yesterday that the rate offered on overnight placements with the Bank will be reduced by 25 basis points to 3.25%. The Bank noted that the new rate will take effect on November 23, 2017. This reduction according to the Bank, “reflects its assessment that the inflation outlook for FY2017/18
The European Union (EU) economic accounts showed a 2.8% decline in agricultural output to €405.0 billion at basic prices in 2016, compared to 2015. According to Eurostat, “In 2016, the equivalent of 59% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the
The International Monetary Fund (IMF) recently concluded its visit to Jamaica and reiterated its commitment to supporting both Jamaica and the region in their efforts to achieve “inclusive and resilient growth”. The visit was conducted by a team led by Christine Lagarde, Managing Director of the International Monetary Fund (IMF). During the The Managing Director
The inflation rate for the month October 2017 was 0.4%, following an upward movement of 0.7% in September 2017. The movement was attributed mainly to the ‘Housing, Water, Electricity, Gas and Other Fuels’ division which recorded an increase of 1.7%. According to the Statistical Institute of Jamaica (STATIN), the movement was traced to a 2.2%
