Gleaner Company Limited (GLNR) has advised that on Wednesday September 16, 2015 by round-robin resolution the Board of Directors will consider the payment of a dividend.
Gleaner Company Limited (GLNR) has advised that on Wednesday September 16, 2015 by round-robin resolution the Board of Directors will consider the payment of a dividend.
Cable & Wireless Jamaica Limited (CWJA) has advised that Mr. Ralph Perley McBride has been appointed as a Director of CWJA effective September 10, 2015.
In previous publications in May 2015, Trinidad Cement Limited (“TCL”/“the Company”) advised (inter alia):
The joint lead arrangers are Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.
Lasco Financial Services Limited (LASF) has advised that the Board of Directors declared the payment of an interim dividend of $0.0311 per share to shareholders on record as at September 17, 2015 payable on September 22, 2015. The ex-dividend date is September 15, 2015.
Lasco Distributors Limited (LASD) has advised that the Board of Directors declared the payment of a dividend of $0.0275 per share to shareholders on record as at September 17, 2015 payable on November 18, 2015. The ex-dividend date is September 15, 2015.
On Saturday, November 14, 2015 at 10:00 am, Jamaica Broilers Group Limited (JBG) will be hosting their 57th Annual General Meeting at Jamaica Conference Centre, Ocean Boulevard, Kingston Mall in Kingston.
The Local Economy Expands by 0.8% in Q2
According to the Planning Institute of Jamaica (PIOJ), the Jamaican economy expanded by 0.8% in the April to June 2015 quarter compared with the corresponding quarter of 2014. The outturn for the period reflected the positive impact that the continued strengthening of the global economy has had on some of the major industries such Hotels & Restaurants, Transport, and Mining & Quarrying. Improvements in both business and consumer confidence also contributed to domestic demand. The Goods-Producing Industry grew by 0.7% relative to the corresponding quarter of the previous year with the Agriculture, Forestry & Fishing, Mining & Quarrying and the Construction industries registering growth in real value added during the review quarter. Expansion in the construction industry was driven by road rehabilitation and repair works and highway construction (Phase 1 and Phase 3 of the North-South link of Highway 2000) and hotel construction and expansion works. However residential construction declined, with housing starts down by 56.1% and the volume of mortgages down by 3.1%. The Manufacture industry is estimated to have contracted by 0.5% largely due to the fall-off in petroleum production. This decline was largely attributed to an unscheduled one month closure of the Petroleum Refinery for maintenance resulting in a 23 percentage points decline in its average capacity utilization.
The services industry grew by 0.7% relative to the corresponding period last year reflecting higher real value added in all Industries except Producers of Government Services.
For the first half of the calendar year, real GDP is estimated to have increased by 0.6% relative to the corresponding period of the previous year due to growth of 0.1% in the Goods Producing Industry and 0.7% in the Services Industry. The PIOJ projects that growth for the July to September quarter will be within the range of 1% to 2%, driven by favourable performance from most industries. Ongoing road rehabilitation work and hotel expansion should continue to impact the construction industry favourably. Heightened confidence levels following successive passing of IMF tests, stable consumer prices and the recent lowering of BOJ benchmark rates should provide the right condition for growth. That said, there is the risk that drought conditions will not only weigh on activity in the Agricultural sector but will affect other business activity as well. In recent times, a number of businesses have lost valuable production hours as a result of the drought and the effect of this could be seen in subsequent reports.
JMMB Group Limited (JMMBGL) – Notice of Extraordinary General Meeting
JMMB Group Limited (JMMBGL) has given notice of an Extraordinary General Meeting to be held in the Grand Jamaican Suite of the Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5, on Wednesday, September 16, 2015 at 11:30 a.m. The meeting is called to consider passing a special resolution to issue redeemable preference shares
Lasco Financial Services Limited (LASF) – Dividend Consideration
Lasco Financial Services Limited (LASF) has advised that the Board of Directors will consider a dividend payment at their meeting to be held on Thursday, September 3, 2015.
Scotia Group Jamaica Limited (SGJ) has advised that Mrs. Yanique Forbes-Patrick has been appointed Vice President, Marketing of The Bank of Nova Scotia Jamaica Limited, effective August 10 2015.