Board Appointment: Jamaica Stock Exchange (JSE)
Date: January 13, 2020 Jamaica Stock Exchange (JSE) has advised that, at a Special Board Meeting of the Company held on January 10, 2020, Mr. Julian Mair was appointed Chairman of the Board of the JSE. Mr. Livingstone Morrison remains the Deputy Chairman of the Board of the JSE. The JSE has further advised that, at a Board meeting held on January 10, 2020, Mr. Jason Chambers was appointed to the Board of the Company to fill a casual vacancy. The effective date of Mr. Chambers’ appointment is January 10, 2020. Mr. Ramon Small-Ferguson has been appointed as the Alternate
U.S. Real GDP in the 3rd Quarter 2019 increased for 49 states
January 13, 2020 Real GDP in the third quarter of 2019 increased for 49 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “the percent change in real GDP in the third quarter ranged from 4.0% in Texas to 0.0% in Delaware.” The leading contributors to growth in real GDP were nondurable goods manufacturing; retail trade; and professional, scientific, and technical services. Nondurable goods manufacturing climbed 10.1% for the nation and contributed to growth in all 50 states, thereby being the leading contributor to growth in Texas, the fastest growing state. Retail trade contributed
KLE Group Limited (KLE) Acquires Full Ownership of All Local Usain Bolt’s Tracks and Records Locations
January 13, 2020 KLE Group, franchisers of the world renowned international fast-casual dining restaurant, Usain Bolt’s Tracks & Records, has recently acquired full ownership of all its local franchises across Jamaica. The most recent acquisition is of the Montego Bay franchise which was owned by prominent Hotelier and Businessman, Christopher Issa. The acquisition came after the KLE Group decided to approach the Montego Bay franchise owner with an offer to buy the franchise, an offer that was in direct alignment with the company’s plans of streamlining operations and expanding the brand locally. Gary Matalon, CEO, KLE Group says the restaurant