Jamaica Stock Exchange Listed As The Top Performer of 2015
By The Jamaica Gleaner Extra NA – December 31 2015 – January 6, 2016
A MID THE middling returns of the world’s best known indexes – foreign acquisitions, stronger investor safeguards and a rebounding economy helped the Jamaica Stock Exchange (JSE) surge more than 80 percent in 2015, reported Bloomberg News, a run that has impressed analysts globally.
“I think it reflects a very good development and certainly should provide impetus for capital raising by companies, and, hopefully, will prompt other companies to list on the stock market over time,” said Finance Minister Peter Phillips.
Chief Executive Officer of the Private Sector Organisation of Jamaica Dennis Chung was upbeat. “It is positive as it means that investors are seeing confidence in the prospects of Jamaican companies, which have been undervalued for a while when you look at the book value,” he said.
Bloomberg’s headline on Thursday December 24: “It’s Jammin’: Jamaica’s tiny stock market conquers world in 2015”, sounded like music to the ears.
Finance minister since January 2012, Phillips has also marshalled Jamaica’s economy to the passing of 10 consecutive International Monetary Fund (IMF) tests, with an 11th round the corner.
He told The Gleaner that this should provide an alternative source for capital injections into companies and the productive base of the country even more. Bloomberg noted that “amid the middling returns of the world’s best-known indexes’ foreign acquisitions, stronger investor safeguards and a rebounding economy helped the Jamaica Stock Exchange surge more than 80 per cent in 2015”.
Jamaica Stock Exchange Opens Invitation to the 11th Regional Investments and Capital Markets Conference
The Jamaica Stock Exchange (JSE) Board of Directors and myself invite you to meet and deliberate with the best industry executives! The JSE once again brings together world class leaders from different countries who generously impart their
immeasurable knowledge and the secrets to their success to individuals in their audience.
For three days, the opportunity is available for organizations and individuals to embrace the future they want: new business deals; new networking relationships; new investors and clients; and acquire advantages for a new job or promotion – as well as share in stimulating discussions to engender a more prosperous future for all.
It’s all happening at the 11th Regional Investments and Capital Markets Conference, January 18 – 20, 2016, at The Jamaica Pegasus Hotel, Kingston, Jamaica, under the theme: “Reaching Beyond Traditional Boundaries – Exploring & Partnering for Growth For All”.
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Click on the link above for more details from the Jamaica Stock Exchange – http://www.jamstockex.com/
OUR Now Accepting Bids for Electricity from Renewable Energy Based
Jamaica’s National Energy Policy 2009–2030 has identified fuel diversification and the development of the country’s renewable energy sources as two of its main objectives. Section 4(3) of the OUR Act, provides that in the performance of its function, the OUR shall undertake such measures as it considers necessary or desirable to (among other things) encourage the development and use of indigenous resources. Renewable energy would be considered one such.
The OUR recently issued a Request for Proposals for interested entities locally and internationally, to supply up to Net 37 MW of Electricity Generation from Renewable Energy Based Power Generation Facilities on a Build, Own and Operate (BOO) Basis. The pre-bid meeting takes place on August 28, 2015. Bids should be submitted by January 27, 2016.
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Click on the link above for more details from the Office of Utilities Regulation – http://www.our.org.jm/
Applications Now Open For The 2016 GraceKennedy Jamaican Birthright Programme
The GraceKennedy Jamaican Birthright Programme is designed to reconnect 2nd and 3rd generation Jamaicans to their proud Jamaican heritage. The programme is a fully paid cultural and professional internship for 2nd and 3rd generation Jamaican university students who are living in the United States, Canada and the United Kingdom. It promises to highlight many aspects of Jamaican life while furthering the career goals of the selected candidates.
The programme started in 2004-2008 and was relaunched successfully this year. “The programme this year was a huge success. Our 2015 Birthright interns had an unforgettable and rewarding experience,” said Executive Director of the GraceKennedy Foundation, Caroline Mahfood, who has oversight for the project. She continued, “With the help of our partners Sandals, Digicel and the Jamaica Tourist Board, the interns not only experienced the professional aspect of Jamaica but also the rich cultural heritage, from cuisine to music, sports and more. They really got the chance to get up close and personal with Jamaica.”
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Click on the link above for more details on the Jamaican Birthright Programme – http://www.gracekennedy.com/index.php/in-your-community/gk-foundation/gk-birthright/
Some historical and relaxing places to visit while in Jamaica.