Wed, 23, Sep, 2020 07:01:00 GMT Admission to tourism workers' pension starts October 1

Effective October 1, the newly created Tourism Workers' Pension Scheme will begin admitting tourism workers into its pension plan.The long-awaited pension scheme was started in January this year with $250 million in seed funding from the Government and has already earned $5.1 million in profit. The pension scheme for tourism worker is a defined contributory plan supported by legislation and will require mandatory contributions by workers and employers.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Significant increase in customer complaints to OUR in 2020 April-June quarter

THE Office of Utilities Regulation (OUR) is reporting a significant jump in the number of utility customer complaints during the 2020 April-June quarter.The figures are contained in the OUR's just-released quarterly performance report for the period.The OUR's Consumer Affairs Unit (CAU) for the quarter was contacted 1,974 times, an increase of 91 per cent over the preceding quarter's 1,033.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT EU issues digital radio

LONDON, UK — The European Electronic Communications Code (EECC), which entered into force on 20 December 2018, must be transposed into national legislation by EU Member States by 21 December 2020.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT New iPad falls from Apple tree

FROM the early reviews, it appears that another good fruit has fallen from the Apple tree of products to make our lives easier, productive and fun. Speculation was high that Apple was going to release the newest iPhone but instead, we got the hottest iPad Air. It appears we will have to wait until later in the year for that new 5G-friendly phone .

Read More
Wed, 23, Sep, 2020 07:01:00 GMT World Air industry urges rapid testing instead of quarantine

GENEVA, Switzerland (AFP) —The global aviation industry called yesterday for the development of rapid virus tests for all passengers before departures as an alternative to quarantine measures, in a bid to get people flying again.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Wall Street steadies itself, halting four-day losing streak

Stocks on Wall Street shrugged off an early slide and closed higher yesterday, halting the first four-day losing streak since the market was selling off in the early days of the pandemic.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Sagicor Bank launches online account opening for customers

Sagicor Bank this week launched a new channel to facilitate online opening for accounts of new and existing customers, enabling them to open savings accounts without having to physically visit a branch location.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Sagicor Real Estate X-Fund earnings down with tourism decline

As COVID-19 continues to drag down the global tourism industry, Sagicor Real Estate X-Fund's heavy investment into tourism-affiliated enterprises has taken the consistently profitable St Lucian company into a consolidated net loss of $8.05 billion.Net loss attributable to shareholders now stands at $5.1 billion for the six months ending June 30.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT A trap for the unwary — the law on false and misleading advertising

Some years ago, the Fair Trading Commission (FTC) reported that complaints relating to misleading advertising were among the top complaints received by the commission. Misleading advertising takes multiple forms. Common examples include warranties (that are not really warranties), bargains (that are not really bargains) and sales above the advertised price of goods.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Nestlé inks co-manufacturing agreement with Dairy Industries Jamaica Ltd

Nestlé Jamaica Limited (NJL) has announced its re-entry into the higly competitive powdered milks market under a co-manufacturing deal with Dairy Industries Jamaica Limited (DIJL). The agreement has formalised DIJL's production of Nestlé Everyday milk powder in its production facility in Kingston since March 2020.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Mastercard, WiPay partner to advance e-payments across the Caribbean

Mastercard has partnered with fintech WiPay as both companies strive to establish a strong foothold in the Caribbean region. As part of the partnership, the entities will collaborate to drive greater financial inclusion in the region through a suite of payment and acceptance solutions.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Wigton Windfarm blows in 34% increase in net profits for 2020

Wigton Windfarm ended its first full year in 2020 as a publicly traded company with a 34 per cent increase in net profit attributable to shareholders.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Tourism sector remains buoyant — Minister Bartlett

DESPITE the adverse impact of the COVID-19 pandemic on the economy, Tourism Minister Edmund Bartlett says the tourism sector's investment climate remains buoyant, as evidenced by the number of projects on track for completion.Bartlett, who was speaking during the Jamaica Hotel and Tourist Association's recent online annual general meeting, reiterated that 90 per cent of the planned investments are still on target.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT Seprod builds out $2.5-billion distribution operation

After securing another good financial year despite the effects of the COVID-19 pandemic along with increased cost from discontinued operations, Seprod Limited said that the company is further seeking to expand its distribution footprint in the domestic and international markets.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT tTech getting ready to offer data compliance services

Aspiring to be the first, Chris Reckord, chief executive officer (CEO) of tTech Limited, says the company will be rolling out its data protection IT compliance services shortly.Speaking at the company's recent annual general meeting held at Knutsford Court Hotel in Kingston, Reckord indicated that tTech has received numerous queries from customers amidst the long-awaited enactment of the Data Protection Act.

Read More
Wed, 23, Sep, 2020 07:01:00 GMT GraceKennedy engages innovative manufacturing to navigate COVID-19 impacts

Food and financial services conglomerate GraceKennedy Limited stated that it will be strengthening the use of technology in its manufacturing operations as it seeks to navigate the disruptive impacts of the COVID-19 pandemic. The company said the move forms part of its renewed commitment to further develop the local manufacturing sector.

Read More
Wed, 23, Sep, 2020 06:48:29 GMT Jamaica 'Friends 2020'

THOSE of us who grew up watching the television series Friends should look at what happened in Jamaica in the weeks leading up to the recent general election. Here's the screenplay as written by Jordan Liu, whose day job is working in a software development company.

Read More
Tue, 22 Sep 2020 16:54:41 -0500 Stocks Round Up | 85 stocks traded

The Jamaica Stock Exchange (JSE) Combined Index advanced 3,642.06 points or 1.0 per cent to close at 368,577.62 points with an advance/decline ratio of 34/36 on Tuesday.  The JSE Index advanced by 4,221.57 points ( 1.15 per cent) to close at...

Read More
Tue, 22 Sep 2020 22:40:49 +0000 JSE Main Market highest close in a month

The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market rising to its highest level since August 24 after more stocks rose than declined after investors exchanged 50 percent more shares at twice the value as on Monday. At the close, the All Jamaican Composite Index rose 4,683.43 points to settle at 406,661.23, the Main Index gained 4,221.57 points to settle at 371,389.79 and […]

Read More
Tue, 22 Sep 2020 21:02:58 +0000 Trading rises on JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market declining after 244 percent more shares changed hands than on Monday and resulted in the prices of more stocks rising than falling.  At the close of the market, trading ended with five securities changing hands compared to three on Monday and ended with the prices of three stocks rising, one declining […]

Read More
Tue, 22 Sep 2020 21:25:57 +0000 Lasco Manufacturing Limited (LASM) Appoints Deputy Executive Chairman

Lasco Manufacturing Limited (LASM) has advised that Mr. James E. D. Rawle was appointed LASM’s Deputy Executive Chairman on September 1, 2020. The post Lasco Manufacturing Limited (LASM) Appoints Deputy Executive Chairman appeared first on Jamaica Stock Exchange.

Read More
Tue, 22 Sep 2020 21:25:06 +0000 Lasco Distributors Limited (LASD) Appoints Deputy Executive Chairman

Lasco Distributors Limited (LASD) has advised that Mr. James E. D. Rawle was appointed LASD’s Deputy Executive Chairman on September 1, 2020. The post Lasco Distributors Limited (LASD) Appoints Deputy Executive Chairman appeared first on Jamaica Stock Exchange.

Read More
Tue, 22 Sep 2020 21:21:07 +0000 Jamaica Producers Group Limited (JP) – Agreement to Sell 22.1 Percent Interest in SAFE Logistics Infrastructure Limited

Jamaica Producers Group Limited (JP) – Agreement to Sell 22.1 Percent Interest in SAFE Logistics Infrastructure Limited The post Jamaica Producers Group Limited (JP) – Agreement to Sell 22.1 Percent Interest in SAFE Logistics Infrastructure Limited appeared first on Jamaica Stock Exchange.

Read More
Tue, 22 Sep 2020 21:52:22 +0000 Early Closure of Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer (IPO)

NCB Capital Markets Limited, Lead Broker to the Offer, has advised that the invitation for subscription for participation in Tropical Battery Company Limited’s combined Offer for Sale and Initial Public Offer of ordinary shares made subject to the Prospectus dated September 9, 2020 closed early at approximately 4:30pm on Tuesday, September 22, 2020. The transaction […] The post Early Closure of Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer (IPO) appeared first on Jamaica Stock Exchange.

Read More
Tue, 22 Sep 2020 21:26:43 +0000 Sagicor Select Funds Limited (SELECT) – Unaudited Net Asset Value (NAV) September 21, 2020

Sagicor Select Funds Limited (SELECT) has advised that its unaudited Net Asset Value (NAV) as of September 21, 2020 for: • Sagicor Select Funds Limited – Financial (SELECTF) – J$ 0.J$ 0.778• Sagicor Select Funds Limited – Manufacturing & Distribution (SELECTMD) – J$ 0.764 The post Sagicor Select Funds Limited (SELECT) – Unaudited Net Asset Value (NAV) September 21, 2020 appeared first on Jamaica Stock Exchange.

Read More