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Infrastructure spending big-ticket item in upcoming budget — Clarke

By |2020-01-28T14:00:58+00:00January 28th, 2020|news|

Finance and the Public Service Minister Dr Nigel Clarke has indicated that infrastructure spending will be one of the big-ticket items in the upcoming 2020 -2021 national budget, which will be tabled next month. He has identified the south coast highway, linking Harbour View in St Andrew to Port Antonio, Portland, and capital works at [...]

Assets tax will stay for now, says finance minister

By |2020-01-28T13:57:47+00:00January 28th, 2020|news|

Finance Minister Dr Nigel Clarke has disclosed that the administration has no intention at this time to phase out the assets tax on financial institutions — in spite of cries from securities dealers for this to be done. In his first budget presentation back in April last year, Minister Clarke announced the abolishment of the [...]

As Guyana strikes oil, Jamaican trade mission makes visit

By |2020-01-28T13:54:20+00:00January 28th, 2020|news|

An eight-person Jamaican “mini” trade mission is now in Guyana for a five-day series of briefings by public sector entities, as well as business-to-business meetings with private sector leaders there. The Jaamica Chamber of Commerce (JCC) is collaborating with its Guyana counterpart at the Georgetown Chamber of Commerce & Industry (GCCI) to arrange meetings with [...]

I tried to make a difference

By |2020-01-28T13:51:02+00:00January 28th, 2020|news|

In his recent biography on his life, titled I tried to make a difference, R Danny Williams shows through example the lessons of how to achieve a life well lived with examples from family, friends, business, charity and even politics. Some of his lessons on leadership, and its key underlying components including motivation, teamwork and [...]

A micro stock exchange may be coming soon — Shaw

By |2020-01-28T13:46:27+00:00January 28th, 2020|news|

As the country continues to outperform global stock market trends, new calls are now emerging for the creation of a micro stock exchange following on the success of the junior market — which has grown significantly within the last year. Minister of Industry, Commerce, Agriculture & Fisheries Audley Shaw, while responding to questions at this [...]

More juice in the stock market

By |2020-01-23T08:19:16+00:00January 23rd, 2020|news|

The local stock market is expected to remain bullish for 2020, particularly given the $89 billion in bonds that will be maturing by October this year. That's the word from Jamaica Money Market Brokers (JMMB) investment experts Peter Thompson and Greig Lindo, who say “there remains some juice in the stock market”. This is particularly [...]

Business confidence slips

By |2020-01-23T08:15:24+00:00January 23rd, 2020|news|

The devaluation and fluctuation of the Jamaican dollar, alongside the untamed crime monster, remain the factors that have influenced business confidence and its downward trend, according to pollster Don Anderson. “Over the last two periods — the second and third quarter of 2019 — business confidence slipped, causing a buzz within the business community, and [...]

Local stock exchange now live on Nasdaq

By |2020-01-23T08:11:16+00:00January 23rd, 2020|news|

The Jamaica Stock Exchange (JSE) has successfully gone live with Nasdaq Matching Engine and Nasdaq Market Surveillance, thereby enabling the exchange to introduce new products and services, and attract investors. The matching engine technology, which is built upon the cloud-enabled Nasdaq Financial Framework, will bolster the JSE's ability to manage a range of trading functions [...]

‘Clerks’ occupation group tops the labour force growth list

By |2020-01-23T08:08:04+00:00January 23rd, 2020|news|

Director General of the Statistical Institute of Jamaica (STATIN), Carol Coy, is informing that the 'clerks' occupation group accounted for the most significant increase in employment recorded in the October 2019 Labour Force Survey. Speaking during STATIN's quarterly briefing at the Knutsford Court Hotel in New Kingston on Friday (January 17), Coy noted that the [...]

GraceKennedy makes offer to acquire Key Insurance

By |2020-01-23T00:20:13+00:00January 23rd, 2020|news|

Following on the heels of its 15 per cent share acquisition last year December, the GraceKennedy Group (GKG) has announced plans to further strengthen and expand its financial division through an offer by the holding company, GraceKennedy Financial Group Limited (GKFG), to acquire a greater stake in Key Insurance Company Limited. In going public on [...]

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