Date: September 28, 2018 Lasco Financial Services Limited’s (LASF) AGM was held today September 28, 2018 and was hosted by Hon. Lascelles Chin, Chairman of Lasco Financial Services Limited. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. Mrs. Jacinth Hall-Tracey, the managing director gave a
Date: September 28, 2018 United States: Trillion-Dollar Deficit? Whatever, Says New Washington Consensus With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it’s getting harder to spot one. That’s because of President Donald Trump, and the equal-and-opposite reaction he’s provoked on the U.S. left. Trump is proving as indifferent to
September 27, 2018 PanJam Investment Limited (PJAM) has advised that the Company acquired 100,000,000 shares, or a 6.1% stake, in JMMB Group Limited on September 26, 2018. The Company also advised that it has issued $1.0 billion of secured debt, taken in two equal tranches in May and September 2018. Proceeds from the fundraising were
September 27, 2018 LASCO Financial Services Limited (LASF) has advised that a Senior Manager sold 100,000 LASF shares on September 24, 2018.
September 27, 2018 Honey Bun (1982) Limited (HONBUN) has advised that a related party sold 1 million HONBUN shares on September 4, 2018.
September 27, 2018 Jamaica Producers Group Limited (JP) has advised that a Director bought 1,047,985 JP shares on September 25, 2018.
September 27, 2018 Jamaica Broilers Group Limited (JBG) has advised that at a Board Meeting held on September 26, 2018, an interim dividend of $0.19 per share was declared. The record date will be October 10, 2018, the payment date will be October 31, 2018 and the ex-dividend date will be October 9, 2018.
Brent Oil Brent oil prices increased by 2.50% or US$1.98, as prices rose this week. Oil traded on September 27, 2018 at a price of US$81.03 per barrel relative to US$79.05 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.78% (JMD$2.47). Additionally,
September 27, 2018 PanJam Investment Limited (PanJam or the Group) acquired 100,000,000 shares, or a 6.1% stake, in JMMB Group Limited (JMMBGL) on September 26, 2018. According to Joanna Banks, PanJam’s Vice-President of New Business Development and Strategy: “PanJam’s investment in JMMBGL is in line with our long-term strategy to take meaningful equity positions in
Date: September 27, 2018 United States: U.S. Economy Grew at Unrevised 4.2% Pace in Second Quarter The U.S. economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a solid foundation for this quarter, Commerce Department data showed Thursday. The revisions for GDP, the value of all
