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Blue Power Group Reporting 60% Improvement in EPS To $2.16, On Higher Sales, Significantly Higher Profits And Increased Exports Performance – Tanna

Dhiru Tanna Chairman of the Blue Power Group in his report to shareholders for the year ended April 30, 2017 is reporting improved earnings per stock unit, up 60% from $1.35 to $2.16, this as the company recorded higher sales, significantly higher profits and increased exports performance over the previous year. Overall sales for the […]

Travis Kalanick Uber CEO On Leave Of Absence Without A Firm Return Date

Travis Kalanick Uber Technologies Chief Executive Officer and co-founder is to take a leave of absence, without a firm return date, this following a slew of scandals, including allegations of harassment, discrimination and an aggressive culture. Uber’s board met Sunday to review a detailed version of a report by Eric Holder, former U.S. attorney general, […]

Jamaica Money Market Brokers To Now Operate As JMMB Investments – Stimpson

Jamaica Money Market Brokers Limited (JMMB Ltd), a subsidiary of the JMMB Group, has announced that it has registered a new business name, JMMB Investments. This new business name became effective on May 1, having received the certificate of registration from the Companies Office of Jamaica. The company’s legal name (Jamaica Money Market Brokers Limited) […]

U.S. Banks And Credit Unions Unveil Person-To-Person Payments Service Called Zelle

After years of watching Silicon Valley innovators such as PayPal Inc.’s Venmo, Square Inc. and Apple Inc. build peer-to-peer payment systems, a coalition of more than 30 U.S. banks and credit unions are unveiling their own unified service to customers called Zelle, About 86 million mobile-banking customers will see Zelle logos in their apps, managing […]

Trinidad Market In A Very Depressed Economic Condition And Barbados Continues To Be Quite Depressed With A High Level Of Uncertainty – Thomas

Dawn Thomas chief executive officer of One Caribbean Media has reported to shareholders at their annual general meeting in Port of Spain, that the Trinidad market continues to be in a very depressed economic condition and the Barbados market continues to be also quite depressed with a high level of uncertainty.  She is however confident […]

Strong Performance Driven By Solid Growth In Core Business Lines Combined With Lower Expenses – Schnoor

Scotiabank Trinidad and Tobago Limited (Scotiabank) last week reported net income after taxation of $333 million for the six months ended 30 April 2017, an increase of $25 million or 8% over the comparative period in 2016. Earnings per share increased to 188.7c with return on equity and return on assets improving to 17.49% and 2.83% […]

Delivered Another Quarter Of Strong Operating Results And Showed Profitable Growth Despite An Uncertain Economic Environment – Brown

Chief Executive Officer of Barbados Based FirstCaribbean International Bank Limited Gary Brown is reporting net income of US$37.2 million for the second quarter of the fiscal, US$2.9 million or 8% above the second quarter’s net income of US$34.3 million a year ago. Overall, the Bank delivered another quarter of strong operating results and showed profitable […]

Scotia Group Jamaica Reporting 14% Jump In Net Income To JA$5.7 Billion For Six Months Ended April 2017 – Sharp

Scotia Group Jamaica Limited released Unaudited Financial Statements for Q2, 2017 reporting net income of JA$5.7 billion for the six months period ended April 30, 2017. This represents an increase in net income of JA$718 million or 14%, compared to the period ended April 30, 2016. Jackie Sharp, President & CEO commenting on the results […]

Strategic Initiatives Diversifying Revenue Sources To Be Less Reliant On Net Interest Income – Mitchell

Scotia Investments Jamaica Limited (SIJL) last week reported net income of JA$451.3 million for the period ended April 30, 2017, representing a marginal decrease of JA$5.7 million or 1%, when compared with JA$457.1 million for the prior period ended April 30, 2016. Lissant Mitchell, CEO of Scotia Investments in comments on the report indicated that the […]

Jamaica Public Service Company appoints Emanuel DaRosa as President and CEO

Majority Shareholders of the Jamaica Public Service Company (JPS) have announced the appointment of Mr. Emanuel DaRosa as President and CEO, effective August 1, 2017 replacing Ms. Kelly Tomblin. For the last six years, Mr. DaRosa has served as the CEO of the Northwest Territories Power Corporation (NTPC) where he led the organization to becoming […]