Brent Oil Brent oil prices increased by 6.57%, as prices increased this week. Oil traded on September 6, 2017 at a price of 54.20 (US$/ barrel). Petrojam prices 87 Octane prices declined week over week, by 2.91% . Additionally 90 Octane declined by 2.85% week over week. 87 Octane and 90 Octane opened the year
SOS reported six months revenue of $431.79 million relative to 353.48 million in 2016 a 22% increase, while for the second quarter revenues amounted to $211.603 million up 24% compared to the $171.05 million reported in the corresponding period of 2016. The company’s cost of sales totaled $223.60 million up 24% relative to the $180.65
The Bank of Jamaica (BOJ) released its short-term inflation analysis and forecasts on September 04, 2017. The latest data released showed an inflation rate for July 2017 of 0.6% which was driven mainly by movements in the Food and Non-Alcoholic Beverages division which recorded a 1.2% increase respectively. The Statistical Institute of Jamaica (STATIN) reported
During the period January to June 2017 the Jamaica’s trade deficit worsened to US$2,046.4 million, increasing by US$383.9 million or 23.1% relative to US$1,662.5 million for the corresponding period in 2016. According to the Statistical Institute of Jamaica (STATIN), the total spend on imported goods amounted to US$2,720.6 million, an increase of 19.9% or US$451.8
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U.S. jobs report was released by the Bureau of Labor Statistics on Friday. The report highlighted an increase in total nonfarm payroll employment by 156,000 in August. This resulted in the unemployment rate being 4.4%, and the number of unemployed persons totalling 7.1 million according to the Bureau. The report further states, “employment growth has
Ansa Coatings International Limited has alerted the public, its intention to acquire 48.99% of the share capital of the Berger Paints Jamaica Limited (BRG) being the remaining 104,990,171 issued ordinary shares of Berger Paints Jamaica Limited. The offeror, Ansa Coatings International Limited is a diversified manufacturer and supplier of paint and coatings in the Caribbean.
Scotia Investments Jamaica Limited (SIJL) shareholders today approved by way of vote, a scheme of arrangement to cancel and extinguish all the scheme shares held by shareholders excluding those held by Scotia Group. This approval seeks to further integrate SIJL into the Scotia Group as, “greater operational synergies can be gained from the relationship with
U.S. economic growth second estimate for the second quarter increased 3%, beating the advanced estimate of 2.6%. The growth came on the back end of increased consumer spending, non-residential fixed investment, exports, federal government spending, and private inventory investment that were partly offset by negative contributions from residential fixed investment and state and local government
In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2017 reported a 4% growth year on year in revenues to close at $98.29 million compared to the $94.10 million for the prior year. For the fourth quarter the company posted a 19% growth
