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Jamaica's FDIs Increase By 34% In 2015

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Jamaica reportedly increased its foreign direct investment by 34% in 2015.

According to the United Nations Conference on Trade and Development (UNCTAD)’s annual World Investment Report (WIR), this represented the highest increase in investment inflows in the region last year, as investments decreased by 12% in the Caribbean.

The report, which was released on Tuesday, says Jamaica’s rise of inflows was associated with activity in the tourism sector, as well as infrastructure and business process outsourcing (BPO) projects.

It also indicated that for the period, Jamaica attracted 40 per cent of all announced greenfield investments in Small Island Developing States (SIDS).

It says in total, investments to Jamaica in 2015 were valued at US $794 million dollars, making the country the second-largest host economy in the SIDS group.

JAMPRO President, Diane Edwards says this is a reflection of what the Agency observed from its interactions with investors in the past year.

“We have definitely seen an increase in investor interest in Jamaica that has been steadily rising for the past few years,” she said. “This interest has certainly been stimulated by the improvements in the economy and doing business rankings. Investors look at the whole picture, and they see that Jamaica has been gaining in competitiveness and overall business friendliness. It is now up to us to accelerate this progress and to ensure that Jamaica continues to improve our timelines in delivery of all business approvals.”

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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8 years ago

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November 24, 2016

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JSE Online Trading Platform

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November 24, 2016

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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8 years ago

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July 11, 2016

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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8 years ago

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June 27, 2016

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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8 years ago

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June 27, 2016

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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