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FOREIGN-OWNED companies repatriated a large portion of the US$104 million ($12B) that left the island as investment income or dividends in the September 2014 quarter.
It represents the highest rise in outflows for the period up more than 75 per cent year-on-year, according to the balance of payments accounts released by the Bank of Jamaica (BOJ) this week with an accompanying statement.
"There was an increase of US$51.3 million in the deficit on the income sub-account mainly reflecting higher imputed profit repatriation by direct investment companies," stated the BOJ in its statement about investment income at US$104 million from US$58.8 million a year earlier.
http://www.jamaicaobserver.com/busin...-cent_18251452
It represents the highest rise in outflows for the period up more than 75 per cent year-on-year, according to the balance of payments accounts released by the Bank of Jamaica (BOJ) this week with an accompanying statement.
"There was an increase of US$51.3 million in the deficit on the income sub-account mainly reflecting higher imputed profit repatriation by direct investment companies," stated the BOJ in its statement about investment income at US$104 million from US$58.8 million a year earlier.
http://www.jamaicaobserver.com/busin...-cent_18251452