Government Operations Results for September 2019
Date: November 04, 2019 For the period of April to September 2019, the GOJ reported Total Revenues & Grants of $313.95 billion, $3.58 billion more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 9.6% relative to the $286.46 billion recorded for the corresponding period in 2018. ‘Tax Revenue’, ‘Non-Tax Revenue’, ‘Grants’ and ‘Capital Revenues’ outperformed projections during the review period. ‘Tax Revenue’ amounted to $276.42 billion, $1.88 billion more than budgeted while ‘Non-Tax Revenue’ of $33.58 billion was reported; $1.46 billion more than budgeted. ‘Grants’ outperformed the budget by $227.1 million, amounting to $3.12
Special Advisory: JMMB Group Limited (JMMBGL)
November 4, 2019 JMMB Group Limited (JMMBGL) has advised that due to the overwhelming response to its Additional Public Offer made subject to the Prospectus dated October 15, 2019, the Company has elected to close the offer earlier than its previously scheduled closing date of November 11, 2019. The new closing date is Thursday, November 7, 2019 at 3:00 p.m. in Jamaica and at 4:00 p.m. in Trinidad and Tobago (the New Closing Date). 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
Special Advisory: Supreme Ventures Limited (SVL)
November 4, 2019 Supreme Ventures Limited (SVL) has advised of the appointment of Mr. Nicholas Mouttet to its Board of Directors effective November 1, 2019. SVL has also advised that Mr. W. David McConnell has been named as the new Chair of the Company’s Audit, Risk and Compliance Committee. This, consequent on the resignation of Board Director and Audit Committee Chair, Ansel Howell from the following companies: SVL, Prime Sports (Jamaica) Limited, Supreme Ventures Enterprise Inc., Supreme Ventures Guyana Holdings Inc. and PostToPost Betting Limited effective November 1, 2019. Mr. Howell who has been a Director with the group since