Latest News

KLE IPO Oversubscribed Published: 11 October 2012

Pan Caribbean Financial Services Limited (PCFS) has advised that the IPO for K.L.E. Group Limited which opened on Tuesday, October 9, 2012 at 9:00 a.m.was oversubscribed by 13% and was closed at 9:58 a.m.

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PCFS to Seek Approval for Name Change at EGM Published: 01 October 2012

An Extraordinary General Meeting of Pan Caribbean Financial Services Limited will be held on Thursday, October 18, 2012. The meeting will be seeking approval to: 1) Change the name of the company (2) Amend the Articles of Incorporation to effectively allow for the dispatch of the annual reports via electronic means.

SLJ Board to Consider Dividend Payment Published: 25 September 2012

The Board of Directors of Sagicor Life Jamaica Limited will meet on Tuesday, October 2, 2012 to consider a resolution to declare an interim dividend.

Consumer Prices Rose 0.5% in July Published: 25 September 2012

Consumer Prices rose 0.5% in July according to data released from the Statistical Institute of Jamaica. This follows a 0.3% decline in the index in the previous month. The increase in consumer prices was attributed to higher Food prices as the ‘Food and Non-Alcoholic Beverages’ division rose 1.6%.

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Year to July Fiscal Deficit Better than Budget Published: 25 September 2012

Provisional data for July indicate that the Central Government exceeded its fiscal deficit target by $2,380.7Mn, with an outturn of $9,463.0Mn versus the budget of $11,843.7Mn. While the revenue outturn compared favorably to budget, it was the significant shortfall in expenditure which tempered the deterioration in the fiscal account.

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GHL to Acquire Globe Insurance from Lascelles Published: 13 September 2012

On September 11, 2012, Guardian Holdings Limited (GHL), in a joint statement with Lascelles deMercado & Co. Limited (LAS), announced the acquisition by GHL of 100% of the issued share capital of Globe Insurance Company of Jamaica Limited (Globe) from LAS, for a cash consideration of US$38 Million.

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