Jamaica’s unemployment rate declined
May 1, 2018 According to the Statistical Institute of Jamaica (STATIN), unemployment rate continued on a downward trajectory for January 2018 due to decline in the labour force along with a simultaneous increase in employment. In January 2018, unemployment rate was 9.6% a decrease of 3.1% when compared with 12.7% in January 2017, the latest release by STATIN revealed. The groups that were most impacted were female and youth. Larger increase in female employment. The 1,206,600 persons employed in January 2018 represented an increase of 22,600 (1.9%) when compared with 1,184,000 employed in January 2017. For males, employment increased by
Special Advisory: Caribbean Cement Company Limited (CCC)
Date: May 01, 2018 Caribbean Cement Company Limited (CCC) has advised that on April 27, 2018 the Company signed with its holding company, Trinidad Cement Limited (TCL), an operating lease termination agreement and an equipment sale and purchase agreement for the assets that were subject to the lease agreement that was terminated. The consideration to be paid by CCC to TCL to purchase the equipment is approximately US$118 million and is to be fully paid 90 days from the day of signature, in different installments, pursuant to the terms of the equipment sale and purchase agreement. CCC further advised that
Trade In Shares: Mayberry Investments Limited (MIL)
Date: May 11, 2018 Mayberry Investments Limited (MIL) has advised that two connected parties purchased a total of 412,278 MIL shares and that a connected party sold 395,734 MIL shares. These transactions were conducted during the April 26 to 30, 2018.