Latest News

KWL Annual General Meeting Published: 14 June 2010

Kingston Wharves Limited has advised that its annual general meeting will be held on Wednesday, June 30, 2010, at the Jamaica Conference Centre, 14-20 Port Royal Street, Kingston - Conference Room 3 at 10:00 a.m.

D&G restructures its operations Published: 14 June 2010

Desnoes & Geddes Limited (DG) has advised that it is to undergo an organizational review of its brewery operations at the end of June. The company, which has over the past year implemented cost reduction strategies in all areas, is further reviewing its operating structure to compete effectively in today`s business environment.

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Carib Cement notifies public of price increase Published: 14 June 2010

Caribbean Cement Company Limited has advised that adjustment to its prices will be effective June 14, 2010 by an average increase of 3 .2%. This adjustment was necessary because the increases in its operational costs were greater than the gains the company made through its improved efficiencies. At this time the company is not in a position to absorb these costs.

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Pan Jam declares dividend Published: 18 May 2010

Pan-Jamaican Investment Trust Limited has advised that its directors declared a second interim dividend for the year 2010 of $0 .35 per share payable on

June 25, 2010 to shareholders on record as at June 1, 2010. The X-date is May 28, 2010.

GKL clears the air regarding trading breach Published: 18 May 2010

GraceKennedy Limited has advised that the company has an understanding that the former Vice President Treasury of First Global Bank (FGB), Rohan Rose who was dismissed in 2009 has gone to the media with a story that he was not a rogue trader and blaming everyone else for his transgressions.


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Hardware and Lumber AGM Published: 12 May 2010

Hardware & Lumber Limited has advised that its annual general meeting is scheduled for Monday, June 14, 2010 at 697 Spanish Town Road, Kingston 11

at 10:30 a.m.

CCC Annual General Meeting Published: 12 May 2010

Caribbean Cement Company Limited has advised that its annual general meeting is scheduled for May 27, 2010 at The Rockfort Mineral Bath Complex

Limited, Rockfort, Kingston at 11:30 a.m.

Berger Paints Jamaica Ltd declares dividend Published: 04 May 2010

Berger Paints Jamaica Limited has advised that the board of directors are proposing that a final dividend of $0 .187 per share be paid in respect of the 15

months ended March 31, 2010, to stockholders on record as at July 9, 2010, which the dividend will be paid on July 26, 2010. The X-date is July 7, 2010.

FCIBJ discloses JDX impact Published: 04 May 2010

FirstCaribbean International Bank (Jamaica) Limited (FCIBJ) has advised that it holds approximately J$2 .3 billion (notional value) within the scope of the Jamaica Debt Exchange (JDX) programme. All of these eligible bonds were offered for exchange under the programme . These bonds accounted for less than 5% of the interest sensitive assets of the Bank and currently contribute approximately 8% to total interest income.

While it is expected that the interest income earned from these securities will be negatively affected in the near future, this is expected to offset by reductions in interest expenses going forward . Additionally, management is actively engaged in pursuing income diversification as part of its strategic objectives.

There are no anticipated liquidity challenges resulting from FCIBJ participation in the JDX programme, and the projected impact on equity is less than 1%, with the company`s key capital adequacy measures remaining above prudential requirements.

BNS acquires Scotia DBG Merchant Bank Published: 04 May 2010

The Bank of Nova Scotia Jamaica Limited has advised that it has acquired Scotia DBG Merchant Bank Limited (SDBGMB) with the intention to eventually

consolidate SDBGMB into Scotiabank. This reorganization is aimed at improving efficiencies across Scotiabank Group through the removal of duplicate

products and services. An independent valuation of SDBGMB was conducted by Deloitte Touche Tohmatsu and this valuation was used as a basis to

determine the sale price of $879 million which was settled in cash.