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Sygnus Credit Investments’ Record Results Driven By Expanding Portfolio Of Private Credit Investments Across Caribbean Region

Sygnus Credit Investments Limited (SCI) reported an annual record for net profits, core revenues and core earnings, for the financial year ended June 30, 2019. SCI’s record results were driven by an expanding portfolio of private credit investments across the Caribbean region, in keeping with SCI’s mandate to provide Caribbean middle market firms with access […]

New Investors To Benefit From Immediate Activation Of Jamaica Central Securities Depository Accounts.

The Jamaica Stock Exchange (JSE) has announced that the Board of Directors of the JCSD, a wholly owned subsidiary of the JSE, has granted approval for brokers to create JCSD generated accounts immediately when opening a broker account for a new customer. This approval of immediate activation became effective February 11, 2019 and has been […]

Motor One Insurance Company Acquisition Important First Step In Wider Regional Growth Strategy For General Accident Insurance Company

General Accident Insurance Company Jamaica Limited, which is listed on the Junior Market of the Jamaica Stock Exchange, has acquired a majority stake in Trinidad and Tobago based Motor One Insurance Company Limited. The announcement was made this week by General Accident Insurance Company via a notice published on the website of the Jamaica Stock […]

Corporate Movements – September

Barita Investments Limited (BIL) has advised of the following changes to the Company’s Senior Management: Mrs. Heather Ferguson Fearon was promoted to the position of Cambio Trading Manager (formerly Cambio Trader), effective April 1, 2019. Mrs. Annmarie Walker Cato was appointed Group Financial Controller for Barita Investments Limited, effective August 12, 2019. Mrs. Cato Walker […]

More Evidence Of Slowdown In China’s Economy

There was more evidence of a slowdown in China’s economy with industrial output rising 4.4% in August, the lowest level in a single month since 2002, while retail sales also came in below expectations. Policy makers are ramping up support for the flagging economy, while still holding back on using all tools at their disposal. […]

Brent Crude Futures Posted Their Biggest-Ever Jump When Trading Opened Today

Brent crude futures posted their biggest-ever jump when trading opened in the wake of the weekend’s attack on a Saudi Arabian oil facility that has removed 5% of global supplies. The estimated 5.7 million barrels a day of lost production is the single biggest disruption on record, surpassing the 1979 hit to Iranian output from […]

Purdue Pharma Has Filed For Chapter 11 Bankruptcy

Purdue Pharma, maker of prescription painkiller OxyContin, has filed for Chapter 11 bankruptcy, in a pre-emptive move designed to protect itself from more than 2,600 federal and state lawsuits, reports the New York Times. The announcement comes after pharma giant, which is widely blamed for its role in the opioid crisis, last week reached a […]

Seprod Limited Eyes Set On Dominican Republic To Secure Further Reach Of Its Products Globally.

Chief Executive Officer of Seprod Limited, Richard Pandohie is reporting a number of key initiatives forming a part of the company’s larger strategic direction designed to impact significantly the groups bottom line. Among these are efforts to grow the groups export markets, with eyes set on the Dominican Republic to secure further reach of its […]

Main Event Entertainment Group Reporting 2% Jump In Net Profits For The Nine Months Ended July 31, 2019

Main Event Entertainment Group Limited is reporting for the nine (9) months ended July 31, 2019, a 28% or $299 million growth in revenues over the corresponding period last year, increasing from $1.1 Billion to $1.4 Billion. Commenting on the unaudited results Chief Operations Officer Richard Bair said that revenue growth has maintained this year, […]