More jobs, growth in first quarter – PIOJ

The optimism, he noted, “is hinged on the grand implementation of public expenditure prioritisation and the supply side initiatives that were spelled out in the growth inducement strategy”, launched by the PIOJ on March 15.

Published

14 years ago

May 22, 2011

BusinesSuiteOnline

“The positive growth performance confirms the track of our projections from the previous quarter and we are anticipating that this growth trajectory will continue throughout the remainder of the year, barring any unforeseen circumstances,” said Hutchinson on Friday in his quarterly economic briefing.

The growth figure is slightly at variance with those reported by Prime Minister Bruce Golding in his contribution to the budget debate on May 10, when he said the economy had grown by one per cent for the quarter ending March 2011, as well as the estimated figure stated by Bank of Jamaica Governor Brian Wynter on May 19.

“Our reported rate this morning represents a noted improvement in the preliminary rate given to the prime minister and reflects our updated information on the performance of the real sector,” said Hutchinson.

“Overall, the positive GDP performance is underpinned by the gradual recovery by most industries following the adverse impact of the global recession on these industries, increased production and replanting activity in agriculture following the impact of Tropical Storm Nicole (in September 2010) and the positive impact of higher employment levels on domestic aggregate demand.”

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

9 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

9 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.