MARKET ENVIRONMENT
Overview
President Leonel Fernandez and the Central Bank (CB) remain optimistic about the capacity of the country to weather the current international crisis. Both have highlighted in recent statements that the country’s macroeconomic situation remains strong, with 5.3% GDP growth reported for 2008. Moreover, they have noted that the flow of investment will continue into [...]
Market Call
Press Releases
JMMB sells minority shares in CMMB for USD 41.37 millones
October 15, 2008.-Jamaican Money Market Brokers, JMMB, announced the successful sale of minority shares of one of its members in Trinidad, Caribbean Money Market Brokers, CMMB. In this transaction JMMB sold their share of 45% to the majority shareholder, CL Financial Group, for the price of [...]