The National Housing Trust (NHT) is projected to achieve a $20 billion surplus during the 2020/2021 fiscal year. The public bodies report tabled on Tuesday by Finance Minister Dr. Nigel Clarke this will be an $800 million increase over the $19.2 million surplus estimated for the current financial year. The
The oversubscribed listing sought to offer up 52.5 million ordinary shares of CAB at a price of $1.91, which would have put funds raised at just over $100 million, according to its prospectus. Lead arranger for the IPO, Mayberry Investment said the application list opened at 9:00 AM and closed
The Government is planning to spend $12.9 billion during the upcoming fiscal year to begin various road works under the Southern Coastal Highway Improvement Project. The money has been set aside in the 2020/21 Estimates of Expenditure. The funds will be used to commence construction on the Harbour View to
A 4.4 magnitude earthquake was felt in Grand Cayman Wednesday evening. The US Geological Survey said the earthquake occurred at a depth of 6.2 miles and was located 30 miles south of Bodden Town. There was no report of damage or injuries from the quake.
The Bank of Jamaica’s (BOJ) latest quarterly monetary policy report (QMPR) indicates that growth in Jamaica slowed in the December quarter. The Jamaican economy is estimated to have grown in the range of - 0.5 per cent to 0.5 per cent over the period in comparison to year-earlier levels. It's
GraceKennedy has extended its cash offer to purchase more than 313 million shares in Key Insurance Company. The offer, which opened on January 27 was scheduled to close on February 17 - and has now been changed to March 2. GraceKennedy noted that the Directors' Circular has not been circulated
HE organisers of this year's Sagicor Sigma Corporate Run surpassed their fund-raising target, netting a record-breaking $55,301,419 for the run's three beneficiaries — Bustamante Hospital for Children, Savanna-la-Mar Hospital and Clifton Boys' Home. The announcement was made yesterday by president and CEO of Sagicor Group Jamaica, Christopher Zacca, in his
Minister of Finance and the Public Service Dr Nigel Clarke says he will provide further details about the proposed catastrophe bond being developed for Jamaica in his budget presentation next month. Dr Clarke made the disclosure while addressing the opening ceremony for the two-day European Investment Bank (EIB) Caribbean Roadshow
Having carried out an independent assessment of GraceKennedy proposed $2.01 per share purchase of the remaining shares in Key Insurance Company, the board is recommending that minority shareholders accept the offer. Last December, GraceKennedy acquired a 15 per cent interest in Key Insurance advising of its intention to make a
KINGSTON, Jamaica - An additional $25 million has been earmarked in the 2020/21 Estimates of Expenditure, now before the House of Representatives, to continue institutional capacity strengthening at the Financial Services Commission (FSC) during the next fiscal year. The project, which commenced in October 2017, aims to bolster the FSC's
