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CAC 2000 Reporting A Loss Before Tax Of JA$39.4 For The Nine Months Ended July 2019

Chairman and CEO of CAC 2000 Ltd. Steven Marston is reporting that the company experienced a loss before tax of JA$39.4 for the nine months ended July 2019, a significant reduction on the profit before tax of JA$72.5 Million reported for 2018. This he said even though their engineering team continues to regularly win new […]

Scotia Group Reporting 12% Drop In Net Income To JA$9.8 Billion For 9 Months Ended July 31, 2019

Scotia Group Jamaica is reporting net income of JA$9.8 billion for the nine months ended July 31, 2019, which was 12% lower than $11.2 billion for the corresponding period last year. Excluding gains on the sale of a subsidiary of JA$753 million included in prior year, and additional IFRS 9 related provisions of JA$625 million […]

Shaw Wants Dormant Funds In Commercial Banking System Returning To Central Government In 7 Years Down From 15

Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw says the first report on funds in dormant accounts is on his desk and will be shared with the Finance Minister and the Cabinet. He pointed out that dormant funds in the commercial banking system are something that has to be looked at, as the global standard […]

Employers Encouraged To Learn Strategies That Can Be Implemented To Improve Engagement And Productivity.

Jamaica Business Development Corporation (JBDC) Senior Project Officer for Data Analysis, Ricardo Edwards, says that increasing employee engagement is crucial in driving higher levels of productivity in organisations. He noted that Jamaica has one of the lowest levels of labour productivity in the region, and JBDC surveys indicate that one in four employees is disengaged. […]

The Limners And Bards Reporting 24% Jump In Revenues to JA$486M For The Nine Months Ended July 31, 2019

The Limners and Bards Limited trading as “The Lab” is reporting for the nine months ended July 31, 2019 revenues of JA$486.3 million, up 24% compared to JA$391.3 million for the corresponding period last year. In her report to the Stockholders Chief Executive Officer Kimala Bennett noted that the revenue growth was attributable to increases […]

Jamaica’s Tourism Industry Continues To Record Unprecedented Growth

Jamaica’s tourism industry continues to record unprecedented growth, with a 9.1 per cent increase in stopover arrivals for the first eight months of 2019. Director of Tourism, Donovan White, points out that up to August 31, 2019, Jamaica recorded 1.8 million in stopover arrivals, achieving a revenue inflow of US$2.39 billion, which is a 12 […]

Indies Pharma Jamaica Reporting 28% Jump In Revenues To JA$575.8M For Nine Months Ended July 31, 2019

Photo Caption: Dr Guna Muppuri and Co-Founder, Executive Director & COO Vishnu Muppuri (Mrs.) at JSE. looking on are JSE Managing Director Marlene Street Forrest (centre) and others. Indies Pharma Jamaica Limited is reporting for the nine months ended July 31, 2019, revenues of J$575.8 million, representing an increase of 28% or J$126.5 million over […]

Firstcaribbean International Bank Reporting 28% Jump In Net Income For The Quarter Ended July 31, 2019

Barbados based FirstCaribbean International Bank Limited is reporting for the quarter ended July 31, 2019, net income of US$48.6 million, an increase of US$10.6million or 28% from the third quarter’s net income of US$38.0 million in 2018. On an adjusted basis, net income was US$45.9 million after adjusting for US$2.7 million in items relating to […]

Corporate Movements – September 2019

Paramount Trading (Jamaica) Limited hereby advises that Mr. Metry Seaga has been appointed to the Board of Directors of the Company effective September 5, 2019. JMMB Group Limited (JMMBGL) has advised that effective September 2, 2019, Mr. Dennis Harris resigned as a member from the JMMB Group Board Audit Committee. JMMBGL states that Mr. Harris’ […]

Financial Services Commission Green Lights Sale Of Advantage General Insurance Company By NCB Capital Markets

NCB Financial Group Limited (“NCBFG”) has announced that the Financial Services Commission has advised of its non-objection to the sale of shares in Advantage General Insurance Company Limited by NCB Capital Markets Limited (“NCBCM”). Advantage General Insurance Company Limited is a subsidiary of NCBFG, which is to be acquired by a consortium of investors led […]