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Jamaica Producers Group Reporting Strong Year To Date Performance With Profits Attributable To Shareholders Up By 66% Relative 2018.

Jamaica Producers Group Limited (‘JP’) is reporting a strong Q3 period ending September 28, 2019, with revenues of $5.2B up from $4.9B, and net profit attributable to shareholders of $330 million, doubling its consolidated net profit of JA$164M attributable to shareholders relative to the comparable period in 2018. Managing Director Jeffrey Hall in his report […]

Berger Paints Jamaica Reporting 6% Reduction In Revenues For 9 Months Ended September 30, 2019

Chairman of Berger Paints Jamaica Limited (BPJL), Adam N. Sabga is reporting reduced revenues of JA$1.6 billion for the nine months ended September 30, 2019, this being 6% lower than JA$1.7 billion for the corresponding period last year. This he said was mainly impacted by the adverse weather conditions experienced in the quarter, that resulted […]

Fiscal 2019 Was A Satisfactory Year For Stationery & Office Supplies, With Growth In All Major Aspects Of The Business – David McDaniel

Chairman & Managing Director for Stationery & Office Supplies Limited, David McDaniel, is describing 2019 as a satisfactory year for SOS, with growth in all major aspects of the business. In his report to shareholders for the 3rd quarter & 9 months ended September 30th 2019, he said that there has been a continuous increase […]

PanJam’s 72% Net Profit Jump, Result of Stronger Investment Income, Share Of Results Of Associated Companies And Gains On Disposal

PanJam Investment Limited is reporting for the quarter ended September 30, 2019, net profit attributable to shareholders of JA$2.5Billion, an increase of 29% when compared to the JA$1.9Billion reported for 2018, There was also an increase in net profit attributable to shareholders for the nine months, of JA$6.5 Billion, compared to the 2018 reported figure […]

Jamaica Best Choice For Business – PM Tells Investors

Prime Minister, the Most Hon. Andrew Holness, is inviting regional and international investors to make Jamaica their place of choice to invest and do business. “We have established a stable and expanding economy that is open and welcoming of investors in all sectors,” said Mr. Holness. He was speaking at the opening day of the […]

Government Of Jamaica Giving Priority To MSMEs

Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Government is giving priority to micro, small and medium-sized enterprises (MSMEs) as a driver of economic growth. He noted that “quite recently, in Parliament, it was decided that we will set aside 20 per cent of the government […]

Jamaica’s Political Stability Yielding Significant Investment Opportunities

Prime Minister, the Most Hon. Andrew Holness, says Jamaica’s political stability is yielding significant investment opportunities in emerging markets for the country. “What is not often captured in these statistics about destinations, but which investors are usually also very concerned about, is the political stability. Jamaica is the most politically stable for all your potential […]

Bank Of Jamaica Releases An Additional US$20M Into Market

The Bank of Jamaica (BOJ) on Thursday (November 14) released an additional US$20 million for sale to authorised dealers and large cambios via the BOJ’s Foreign Exchange Intervention and Trading Tool (B-FXITT). The provision represented the third consecutive day that the central bank was intervening in the foreign exchange market. It followed cumulative provisions of […]

IMF Commits Continued Support For Jamaica’s Economic Reform Programme

Photo: Adrian Walker Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, along with former International Monetary Fund (IMF) Mission Chief to Jamaica, Dr. Uma Ramakrishnan (left); and current IMF Resident Representative, Karim Youssef, during a recent media round-table forum at the Ministry’s offices in Kingston. ———————————————————————————————————————————————— Former International Monetary Fund (IMF) […]

Amaterra Group And Marriott Int’l Partner On New Hotel Development

Photo: Serena Grant Amaterra Jamaica Group Chairman, Keith Russell (left), and Director, Paula Russell (second left), observe the formalities during Wednesday’s (November 13) signing of a hotel management agreement with Marriott International, being undertaken by the latter entity’s Chief Development Officer for the Caribbean and Latin America, Laurent De Kousemaker (second right), and Vice President, […]