The inflation rate for the month August 2017 was 0.3%, following an upward movement of 0.6% in July 2017. The division which recorded the highest movement for the month was ‘Recreation and Culture’ with a 1.3% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.6%. STATIN reported that the increase in ‘Recreation
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The International Monetary Fund (IMF) recently concluded its visit to Jamaica and announced, “all quantitative performance criteria and structural benchmarks as at June 2017 were met.” The IMF noted, “the Jamaican economy is rebounding, despite weather swings” and the passing of the pension bill and public sector wage negotiations are crucial for “budgetary certainty and
Scotia Group Jamaica Limited (SGJ) for the nine months ended July 31, 2017 reported an improvement in net interest income to $19.93 billion, moving from $18.78 billion for the corresponding period in 2016, while Interest Expenses declined by 11% to total $3.33 billion (2016: $3.76 billion). Interest income for nine months amounted to $23.26 billion, a
Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2017 recorded a total of $941.78 million in revenue compared to $855.21 million booked for the period ended July 31, 2016. Revenue for the quarter rose 15% to close the quarter at $289.63 million relative to $252.22 million booked for the corresponding period
CAC 2000 Limited (CAC) Results for the Third Quarter ended June 30, 2017: Revenues for the third quarter increased by 17% to $231.67 million, compared to $197.52 million for the same period the prior financial year. CAC revenues for the nine months increased 18% to $799.18 million relative to $678.84 million for the comparable period
Jamaica’s Net International Reserves totaled US$3,671.68 million as at August 2017, reflecting an increase of US$935.33 million relative to the US$2,736.35 million reported as at the end of July 2017 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$935.33 million to total US$4,247.21 million compared to the US$3,311.88 million
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The European Central Bank’s (ECB) Governing Council met yesterday and decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and 0.40% respectively. According to Mario Draghi, President of the ECB, he stated, “Based on our
Jamaica Broilers Group (JBG) for the three months ended July 31, 2017, Revenues totalled $11.49 billion, a 15% increase on the $10.02 billion reported in 2016. Total revenue was broken down as follows; The Jamaica Operations contributed $7.87 billion, a 9% increase compared to $7.23 billion for the same period of 2016. JBG noted, “Jamaica
