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Corportate Movements – December 2018

KLE Group Limited (KLE) has advised that Mr. Barrington Daley has tendered his resignation as a member of KLE’s Audit Committee, effective December 4, 2018. KLE further advised that Mr. Daley resigned due to additional responsibilities as at December 10, which will affect his ability to serve. Supreme Ventures Limited (SVL) has advised that the […]

Supreme Ventures Sets Up Operations In Guyana

Supreme Ventures Sets Up Operations In Guyana

Jamaican gaming and entertainment company, Supreme Ventures Limited (SVL) has begun a phased operations roll out in Guyana. This is the first time that the company has ventured outside of its home country. The business will be operated through Supreme Ventures Guyana Holdings Inc (SVGH) and Supreme Ventures Enterprise Inc.(SVE) Supreme Ventures Group CEO Ann […]

Corportate Movements – December 2018

Caribbean Cement Company Secures JA$3B Revolving Loan Facility From National Commercial Bank Jamaica

Caribbean Cement Company Ltd. (CCC) and one of its subsidiaries, Jamaica Gypsum and Quarries Limited have entered into a revolving loan facility with National Commercial Bank Jamaica Limited as lender for a principal amount of $3 Billion Jamaican Dollars, which will be made available in United States Dollars. The proceeds from the Loan Facility received […]

Corportate Movements – December 2018

Scotiabank Sells Caribbean Businesses To Trinidad And Tobago-Based Republic Financial Holdings Ltd For US$123 million.

The Bank of Nova Scotia announced on Tuesday that it has struck a deal to sell its banking businesses in nine of the smaller countries in the Caribbean, including Antigua and Dominica. This as the lender continues to narrow down the number of international markets in which it operates. Scotiabank according to the release plans […]

Corportate Movements – December 2018

Sagicor Financial Corporation To Be Acquired By Alignvest Acquisition II Corporation And Be Publicly-Listed On The Toronto Stock Exchange.

Sagicor Group Jamaica Limited has advised that its parent company, Sagicor Financial Corporation Limited, which has a 49.11% interest in Sagicor Group Jamaica, intends to enter into two significant transactions. The first transaction will see the acquisition of all the shares in Scotia Jamaica Life Insurance Company Limited. This as Scotiabank Jamaica has agreed to […]

Corportate Movements – December 2018

Corporate Movements – November 2018

Jamaica Stock Exchange Limited (JSE) has advised that Mr. Andrae Tulloch has been appointed Chief Regulatory Officer of the JSE Regulatory & Market Oversight Division (RMOD) effective October 1, 2018. Jamaica Stock Exchange Limited (JSE) has advised that Mr. Kevin Donaldson has been appointed to the Board of the Company to fill a casual vacancy, […]

Corportate Movements – December 2018

Salada Foods To Purchase 25,000 Boxes Of Cherries From Jamaican Coffee Farmers in deal Worth JA$200M

Salada Foods Jamaica Limited (SALF) has released the following advisory: “Cognizant of the challenges facing the local coffee industry and particularly the plight of local farmers in securing a market for their coffee cherries, Salada has decided to purchase 25,000 boxes of cherries from coffee farmers and process same to green beans. The cost of […]

Corportate Movements – December 2018

Jamaican Entrepreneurs and Private Sector Encouraged to Explore Opportunities Within New Cariforum-United Kingdom (Uk) Trade Arrangement

Minister of Foreign Affairs and Foreign Trade, Senator Kamina Johnson Smith, says the technical work for the rollover of the Economic Partnership Agreement (EPA) into a new CARIFORUM-United Kingdom (UK) trade arrangement post-Brexit is close to being finalised. She said that The European Union (EU), remains an important trade partner for Jamaica and CARIFORUM colleagues, […]

Corportate Movements – December 2018

Paul Hoo Walks Away from Supreme Ventures Limited, a Company He Co-Founded and Chaired.

Supreme Ventures Limited (SVL) has advised that Mr. Paul Hoo, has resigned from his consultancy agreement with the Company, with effect from October 31, 2018, bring to an end his tenure at the head of a company he was instrumental in co-founding and leading. The Co-founder and former Chairman of Supreme Ventures Limited had resigned […]

Corportate Movements – December 2018

Jamaica’s Unemployment Rate Has Fallen To A New Record Low Of 8.4 Per Cent

Jamaica’s unemployment rate has fallen to a new record low of 8.4 per cent, according to the Statistical Institute of Jamaica (STATIN) Labour Force Survey for July 2018. This out-turn is 1.3 per cent lower than the 9.7 per cent recorded for the April 2018 Survey. It is also 2.9 percentage points lower than the […]

Corportate Movements – December 2018