LIME has advised that as part of the managed service arrangement entered into between LIME and Ericson, 305 members of LIME`s Service Support Delivery Teams will be separated from the company during May 2013.

Supreme Ventures Limited (SVL) has advised that at a meeting of the board of directors held on March 20, 2013 the board agreed to adopt a term limit of seven years with respect to Independent Directors.

Barita Investments Limited (BIL) has advised that it has participated in the National Debt Exchange Offer and $6.4 billion of the instruments in BIL`s investment portfolio was directly affected.

The GraceKennedy Board of Directors has approved the buy-back of up to 2.5% of the shares in issue in the company over a period of one year, subject to and with effective date of approval being the date of publication of the Ministry of Finance of remission of the tax which would otherwise be payable by stockholders of the Company on the buy-back of the shares. Further notification will be provided on receipt of confirmation of the remission.

Below are the latest dividends announced

Effective January 25, 2013 the Bank of Jamaica (BOJ) will be lowering the interest rate payable on its 30-day Certificates of Deposit from 6.25% to 5.75% per annum.

The Government has extended the National Debt Exchange (NDX) programme by a week to give more bondholders time to take up the offer.

National Commercial Bank Jamaica Limited has advised that the acquisition of Advantage General Insurance Company Limited has now been completed.

Mr. Jan Kees Martijn, Head of the International Monetary Fund (IMF) mission to Jamaica, issued the following statement today in Kingston:

In keeping with the Government’s objective to improve the fiscal account and to achieve its primary surplus balance target 7.5%, a series of tax measures were tabled on February 12. The package is expected to raise an additional $15.9Bn during fiscal year 2013/14 and also follows from last year’s $19.38Bn package.