Fri, 18 Oct 2019 05:55:36 +0000 High Commissioner: J’ca’s economic turnaround not magic

ARTHUR WILLIAMS, High Commissioner of Jamaica, said on Wednesday that the turnaround of the Jamaican economy was no easy feat. Speaking at the Rotary Club of Port of Spain West’s luncheon at the Cascadia Hotel, he said: “Jamaica’s economic turnaround was not a magical overnight occurrence but the result of a commitment to reform from all walks of society – political parties, public sector, private sector and with strong support from our international partners. Credit must also be given to the people of Jamaica for their tremendous sacrifices over the years.” He added that Jamaica has converted crisis into opportunity, and continued commitment to fiscal responsibility should hold it in good stead for sustained higher economic growth and development. Williams had just given a brief sketch of the highlights of the Jamaican economy since independence under the various governments of Jamaica’s two political parties so his audience would understand what Jamaica went through to get to where it is today. From April 1962-February 1972, Jamaica’s economy was a model for the region and beyond, and was regarded as the economic pearl of the Caribbean. The growth figures from the Planning Institute of Jamaica (PIOJ) showed

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Fri, 18 Oct 2019 00:22:49 -0500 J’can company B&D gains from US-China trade war - Grows lobster sales as conch ban bites into income

One Jamaican exporter is reaping dividends from the ongoing trade war involving the United States and economic arch rival China. With US$185 billion worth of duties being slapped on American exports to China in retaliation for US imposition of US$...

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Fri, 18 Oct 2019 00:17:36 -0500 Swiss fine commodities giant Gunvor over bribes in Africa

Swiss authorities have ordered commodities trading giant Gunvor to pay nearly 94 million Swiss francs in compensation and fines for failing to stop its representatives from bribing public officials to gain access to oil markets in the Congo and...

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Fri, 18 Oct 2019 00:17:19 -0500 Tentative Brexit deal faces ratification vote Saturday

The United Kingdom and the European Union finally reached a tentative Brexit deal on Thursday, hoping to escape the acrimony, divisions and bitter frustrations of their three-year divorce battle. British Prime Minister Boris Johnson now must sell...

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Fri, 18 Oct 2019 00:12:43 -0500 Huawei reports sales gain despite US sanctions

Chinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite US sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd said its sales rose 24.4 per cent in the first nine...

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Fri, 18 Oct 2019 00:13:28 -0500 Dual-purpose deductions for work-from-home taxpayer

In continuation of the untamed and contentious issue surrounding employed versus self-employed persons, where it appears that the usual traditional term ‘employees’ have been reclassified at times – becoming independent contractors, contract...

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Fri, 18 Oct 2019 00:23:54 -0500 GM, workers make headway on contract

A tentative four-year contract with striking General Motors gives workers a mix of pay raises, lump sum payments and an US$11,000 signing bonus. In return, the contract allows GM to proceed with factory closures in Lordstown, Ohio; Warren,...

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Fri, 18 Oct 2019 00:13:51 -0500 Christian reorganises Cari-Med under new group - Weighs further diversification as business consolidates

It will take two years to build out the new distribution hub that Cari-Med is investing US$46 million ($6 billion) to develop on the north western fringes of the Bernard Lodge lands in St Catherine. The hub will consolidate and relocate several...

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Fri, 18 Oct 2019 00:14:06 -0500 As NIF retreats, VM and Mayberry snap up Wigton shares

Mortgage provider Victoria Mutual Building Society, VMBS, and equity fund Mayberry Jamaican rapidly acquired shares in Wigton Windfarm in the past quarter, resulting in both becoming the top two owners of the stock. Those purchases happened at a...

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Fri, 18 Oct 2019 00:18:55 -0500 Global slowdown might hurt local jobs, says Statin boss

J obs are on the rise across Jamaica and unemployment is at a low 7.8 per cent, but the head of the Statistical Institute of Jamaica, Statin, fears the slowdown of the global economy might cut into the gains and reduce the pace of job growth in...

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Fri, 18 Oct 2019 00:16:44 -0500 JMMB Groupaiming for $10b from share float

Financial conglomerate JMMB Group Limited expects to net at least $10 billion from its additional share offer which opens next Tuesday, funds that will be used to back its acquisition of a stake in regional insurance company Sagicor Financial. The...

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Fri, 18 Oct 2019 00:22:21 -0500 What’s in the proposed Brexit deal?

BRUSSELS (AP): Britain and the European Union (EU) have a Brexit deal – and if it is ratified, people and businesses will finally have a measure of certainty about what lies ahead. That’s a big if. This is not the first time the two sides have...

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Thu, 17 Oct 2019 22:54:25 +0000 Junior Market trading dips – Thursday

The Junior Market of the Jamaica Stock Exchange ended on Thursday with 31 securities changing hands, resulting in an exchange of 3,496,347 units valued at $14,565,501, down from 4,941,772 units amounting to $18,218,972 with 29 securities changing hands on Wednesday. At the close of market activities, the prices of 7 securities advanced, 14 declined and […]

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Wed, 16 Oct 2019 23:23:52 +0000 Junior Market in steady trading – Wednesday

Trading on the Junior Market of the Jamaica Stock Exchange concluded trading on Wednesday with 29 securities changing hands, similar to that on Tuesday and resulting in an exchange of 4,941,772 units valued at $18,218,972 compared to 4,509,195 units valued at $22,460,102 on Tuesday. At the close of market activities, the prices of 10 securities […]

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Thu, 17 Oct 2019 21:38:33 +0000 JSE Bond Indices as at October 17, 2019

JSE Bond Tradesheet – October 17, 2019 The post JSE Bond Indices as at October 17, 2019 appeared first on Jamaica Stock Exchange.

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Thu, 17 Oct 2019 00:14:39 +0000 Modest gains for JSE majors

The Jamaica Stock Exchange main market climbed marginally on lower volume and value with the JSE All Jamaican Composite Index adding just 166.56 points to close at 548,096.20, the JSE Index rising 168.54 points to 499,005.06 and the JSE Financial Index slipping 0.59 points to 135.60. Trading ended with 40 securities changing hands in the […]

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Thu, 17 Oct 2019 19:11:40 +0000 Divali Nagar opens tomorrow

THE 33-year-old Divali Nagar opens on Friday, but PRO of the NCIC Surujdeo Mangaroo said the Culture Ministry gave $500,000 in 2018 and there is no word as to what is being allocated for it this year. It costs around $5 million to stage the nine nights of activities put on by the National Council for Indian Culture (NCIC). “The staging of Divali Nagar is costly, and while the NCIC generates revenue through sponsorship and the renting of booths, this is not enough to sustain this event. “At this time we are hopeful that we can attract major sponsors to carry this event, and while booths have been sold out, we still anticipate that the council will incur a loss after the event," Mangaroo said. This year’s theme is Hindu Grantha – Exploring Ancient Hindu Texts. The Nagar attracts more than 150,000 people, some of whom come from overseas to enjoy Divali. It is also shown on the Asian television network ZEE TV to 23 countries. The event showcases the heart of East Indian culture, he said, and gives the opportunity to hundreds of artistes, national and international, who prepare religious items in time for Divali. NCIC continues to open the doors of Nagar free to the public, he said, with scores of religious and health booths that the general public can ben

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Thu, 17 Oct 2019 19:05:52 +0000 BSE Trading Report Package October 17, 2019

BSE Trading Report October 17, 2019 BSE Share Summary October 17, 2019 The post BSE Trading Report Package October 17, 2019 appeared first on Jamaica Stock Exchange.

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Thu, 17 Oct 2019 18:36:22 +0000 Mrs. Winifred Pauline Johnson | Funeral Service

Funeral service for the late Mrs. Winifred Pauline Johnson age 96 years of Marathon Estates and formerly of St. Elizabeth, Jamaica, will be held on Friday, 30th August, 2019 at 10:00 a.m. at Christ the King Anglican Church, Ridgeland Park, West. Officiating will be The […] The post Mrs. Winifred Pauline Johnson | Funeral Service appeared first on The Nassau Guardian.

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Thu, 17 Oct 2019 00:15:55 -0500 Gay battle - Pride shames church protesters - Mayor obtains stay against ruling granting interim access

WESTERN BUREAU: A gay-rights group will head to court today to challenge a ruling by the Court of Appeal granting a stay to the interim order allowing them to host a controversial debate on same-sex marriage at the Montego Bay Cultural Centre in...

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Thu, 17 Oct 2019 09:44:16 -0500 Gangsters fleeing to Haiti, Costa Rica – police - MoBay most wanted believed murdered overseas

WESTERN BUREAU: Jamaican gangsters are believed to have fled the island to other Caribbean and Latin American states in a bid to escape a security crackdown in western parishes, St James divisional police chief Superintendent Vernon Ellis has said...

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Thu, 17 Oct 2019 09:43:44 -0500 Get well soon, senators tell Patterson

Former Prime Minister P.J. Patterson successfully underwent hip-replacement surgery yesterday at the Tony Thwaites Wing of The University Hospital of the West Indies in St Andrew. The procedure was without complication. Patterson suffered injury in...

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Thu, 17 Oct 2019 14:21:41 +0000 Eppley Caribbean Property Fund Limited (CPFV) – Trading in Shares

Eppley Caribbean Property Fund Limited (CPFV) has advised that a director purchased 1,211 CPFV shares on October 10, 2019. The post Eppley Caribbean Property Fund Limited (CPFV) – Trading in Shares appeared first on Jamaica Stock Exchange.

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Thu, 17 Oct 2019 14:19:54 +0000 Sterling Investments Limited (SIL) – Trading in Shares

Sterling Investments Limited (SIL) has advised that a director purchased  150,062 SIL shares under the Company’s Dividend Reinvestment Programme (DRIP) and Complementary Share Purchase Programme. Further, three connected parties purchased a total of 20,570 SIL shares under the Company’s Dividend Reinvestment Programme (DRIP). All transactions were done on October 14, 2019. The post Sterling Investments Limited (SIL) – Trading in Shares appeared first on Jamaica Stock Exchange.

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