Date: September 20, 2019 Revenue for the period decreased by 70%, amounting to $22.85 million in 2019 relative to $77.06 million in the same of last year. Management noted that, “this decrease was due to mainly the unavailability of pigs on the market; this shortfall in supply was however partially supplemented by revenue from slaughter
September 20, 2019 United States: Fed Injects Cash for Fourth Day as Funding Markets Stabilize “The Federal Reserve added liquidity for a fourth straight day to a vital corner of the funding markets, helping further stabilize rates as investors remain concerned that fresh bouts of stress may be felt in the weeks ahead. The New
September 20, 2019 The IMF team congratulates Jamaica for the successful completion of the country’s economic reform program supported by the IMF’s Stand-By Arrangement. The authorities’ exemplary program implementation has resulted in a stronger economy with significant reduction in vulnerabilities, and increased job creation. Broad-based ownership across stakeholders and the continued commitment to public
Date: September 19, 2019 SSL Venture Capital Jamaica Limited (SSLVC) has advised that effective September 13, 2019, Mr. Mark Croskery has resigned as Chairman and CEO of SSLVC to pursue other opportunities. SSSLVC has also advised that effective September 16, 2019, Mr. Jeffrey Cobham, the Executive Chairman of Stocks and Securities Limited, has been appointed
Date: September 19, 2019 Victoria Mutual Investments Limited (VMIL) has advised of the acquisition of a 30% stake in Barbados-based FinTech company, Carilend Caribbean Holdings Limited. VMIL has further advised that Carilend is the first of its kind in the region, providing fully integrated end-to-end online lending experience via its state-of-the-art electronic exchange platform. Company
Date: September 19, 2019 Jamaica Broilers Group Limited (JBG) has advised that at a Board of Directors’ meeting held on September 18, 2019 an interim dividend was declared. The dividend will be nineteen cents ($0.19) per share unit. It is proposed that the record date be Wednesday, October 2, 2019 and that the payment date
Date: September 19, 2019 Supreme Ventures Limited (SVL) has advised that a connected party sold 164,616 SVL shares during the period September 12 to 13, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any
Date: September 19, 2019 Sagicor Group Jamaica Limited (SJ) has advised that a connected party and a Senior Manager sold a total of 80,212 SJ shares during the period September 17 to 18, 2019. Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot
Date: September 19, 2019 The U.S. current account deficit in the second quarter of 2019, decreased by $8.0 billion, or 5.9%, to $128.2 billion from the revised first quarter deficit of $136.2 billion. This reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries.
September 19, 2019 United States: Powell Stresses Solid U.S. Outlook After Fed Cuts Rates Again “Federal Reserve policy makers lowered their main interest rate for a second time this year and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion. “We took this step to help keep the
