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The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica . Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization.
The Jamaica Social Investment Fund was established in 1996 as a component of the Government of Jamaica's national poverty alleviation strategy. It was designed to channel money - through loans and grants - into some of the island nation's small-scaled community based projects. [ 1 ]
The Jamaican Free Zones are a government free trade zone initiative in Jamaica.Designed to encourage foreign investment and international trade, businesses operating within these zones have no tax on their profits, and are exempted from customs duties on imports and exports (capital goods, raw materials, construction materials, and office equipment) and import licensing requirements.
The Financial Services Commission was established to improved the Financial Supervision in Jamaica after the 1995 Financial Crisis. [1] After the act was passed, the senior directors and key executive members were hired in November 2001. The General Manager was on-boarded in February 2002 and in April, the operations was started. [3]
NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]
The ministries of Jamaica are created at the discretion of the prime minister of Jamaica to carry out the functions of government. As of 2016, the prime minister is Andrew Holness . The agencies of Jamaica are created by both parliamentary law and assigned to ministers to oversee.
On October 8, 1984, the Seaga government made the Jamaica Press (JAMPRESS) News Agency, which had been suspended since 1980, its official news outlet. JAMPRESS replaced the news-gathering function of the Jamaica Information Service (JIS) and the print news and photography functions of the JIS were turned over to JAMPRESS.
Powell was born in Spanish Town, Jamaica in 1979. At the age of 12 he came across Warren Buffett’s biography The Making of An American Capitalist.Powell was captivated by Buffet’s investment strategies and was most impressed with Buffet’s childhood entrepreneurial endeavors, namely his childhood paper route that earned him a profit on every paper.