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Investors give lukewarm reaction to GraceKennedy results

Investors gave a lukewarm response to the release of the GraceKennedy Group’s financial results for the six- month period ended June of this year.

The results indicated that the Douglas Orane-driven conglomerate generated net pro

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Fiscal deficit lower than projected

The fiscal deficit, which measures the extent to which to government is spending more than it is earning from revenue grants, stood at $8.6 billion during the first quarter of the fiscal year, $4.1 billion less than the amount programme

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Cement price hike set to drive housing cost higher

The recently announced six per cent jump in the price of cement is likely to drive the cost of housing higher, in combination with the higher public and private sector mortgage rates, inflation and transportation costs.

These facto

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Government policy could scuttle $500m investment

The John Allen-led Newport Fersan Limited and its employees are currently facing a bleak future, given the government’s decision to import 25,000 tons of cheap fertiliser from Venezuela for six months without implementing the five per

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World Wise could leave more investors holding the bag

 The Noel Strachan-led World Wise Partners Limited could be the next informal financial scheme to fall, leaving investors holding a long but empty bag, following the demise of the Carlos Hill-controlled Cash Plus Group Limited and D

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Big drop in JSE volume and values

There was a big drop in the volume and value of shares traded, as well as in the level of increase in the market indices during the month of July this year, when compared with July last year.

The Jamaica Stock Exchange (JSE) marke

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New president for Scotiabank Jamaica

 The Board of Directors of Scotiabank Jamaica named Bruce Bowen as the next President and CEO of Scotiabank Jamaica. Mr. Bowen will be succeeding Mr. William ‘Bill’ Clarke, who will be retiring on October 31.

“Since Bru

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NCB Group continues to rake in megabucks

 The Michael Lee Chin-controlled National Commercial Bank Group Limited, generated net profits of $6.757 billion, or $2.74 per share on operating revenues of $18.117 billion during the nine month period ended June of this year. This

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JNBS mourns George Magnus’ passing

 The Board, the management and staff of Jamaica National Building Society (JNBS) are mourning the passing of Mr. George I. Magnus, Deputy Chairman of the Society and Chairman of NEM Insurance Company (Ja.) Limited, who died July 29.

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World Bank says LAC inflation to rise

Augusto de la Torre, the World Bank’s chief economist in Latin America and the Caribbean, says the inflation virus is likely to spread at an average rate of eight per cent in the region this year because of the galloping food and energ

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