JMMB

BOJ cuts OMO rate by 50bps

June 3, 2010

Effective Friday 04 June 2010, the interest rate payable on BOJ 30-day Certificates of Deposit will be reduced by 50 basis points, that is, from 10.00 per cent to 9.50 per cent. complete article »

JMMB Group Posts J$986.4 million Net Profits: Solid Footing in 2009-2010, Baseline for Future Growth

May 31, 2010

Jamaica Money Market Brokers (JMMB) today reported a net profit of J$986.4 million for the year ended March 31, 2010 continuing the trend of consistent and increased quarterly growth. Fourth Quarter generated the highest quarterly profits, growing by 17.7% over the third quarter. complete article »

Jamaica Passes First IMF Test

May 18, 2010

Mr. Trevor Alleyne, chief of the Caribbean division of the International Monetary Fund (IMF) and head of the mission to Jamaica, issued the following statement today in Kingston: complete article »

In Support of Accountability and Transparency - Monitoring Jamaica's Progress Against IMF Targets

April 20, 2010

Following the Government's announcement of the Jamaica Debt Exchange (JDX), JMMB was one of the first financial institutions to announce its endorsement of the initiative, recognizing the opportunity to structurally change Jamaica's debt dynamics and correct the fiscal imbalance, thereby creating a solid platform for growth and development. complete article »

SMART CHOICES - Saving your way to comfortable living

March 17, 2010

To say Jerico Hanson is a saver does not do justice to the life he has built on a simple philosophy - no matter how little you earn, save something. At 63, this retired civil servant knows more than a thing or two about living on a budget. He and his wife of 31 years raised three children, who are now pursuing coveted careers. Producing a lawyer and a doctor was not cheap, and the Hansons say they had to manage prudently the family's money, maintaining their commitment to saving. complete article »

Fitch Upgrades Jamaica's Ratings To 'B-', Outlook Stable

February 16, 2010

Fitch Ratings today upgraded Jamaica's long-term foreign and local currency ratings to 'B-'. The Rating Outlook is Stable. Fitch has also upgraded the short-term foreign currency rating to 'B' and the country ceiling rating to 'B'."While the fiscal consolidation embedded in the International Monetary Fund (IMF) programme is encouraging, Fitch notes that meeting the program targets will still remain challenging, especially as public finances remain vulnerable to external and weather-related shocks. Moreover, revenue under-performance cannot be ruled out given the weak state of the economy". complete article »

JMMB Generates 39.5% Increase in Net Profits over Second Quarter

February 10, 2010

Today, the JMMB Group released its unaudited third quarter consolidated financial statements for the period ended December 31, 2009. The Directors reported a net profit of J$649.4 million for nine months representing a 39.5% improvement over the second quarter. complete article »

SMART CHOICES - Recovering quickly from an earthquake

February 3, 2010

Jamaica has led the Caribbean in efforts to bring aid to the survivors of earthquake-ravaged Haiti. From all accounts, the capital Port-au-Prince is a ruined city, littered with mountains of rubble entombing thousands of bodies, promising a long and turbulent road to recovery. complete article »

Government of Jamaica Announces Interim Results of the Jamaica Debt Exchange (JDX)

January 28, 2010

Under the Jamaica Debt Exchange (JDX) the Government of Jamaica has received submission forms, which are subject to verification, from holders aggregating more than 90% of the bonds eligible for the transaction. Submission forms were still being submitted late yesterday and the Government has received several requests from brokers to extend the submission deadline to allow them additional time to continue to work with their retail clients. complete article »

JMMB's Joan Duncan Foundation Donates $1Million to Haiti Relief

January 27, 2010

Jamaica Money Market Brokers (JMMB) Limited, through The Joan Duncan (JD) Foundation has contributed J$1M in donations towards the Haiti Relief Efforts, following the devastating earthquake which shook the country on January 13. The funds will be used to purchase much-needed relief supplies, which will be distributed by Red Cross Haiti to the victims. Team Members have already responded positively, making personal contributions to JMMB's Haiti Fund, which was established on January 15, 2010. complete article »