JMMB

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 »

JMMB Head Wants Monitoring of Macroeconomic Programme

January 25, 2010

Head of Jamaica Money Market Brokers Keith Duncan has called for the establishment of a monitoring body, including members of the country's financial sector, to oversee the implementation of the Government's macroeconomic programme. complete article »

JMMB 2009 Annual Report and Financials

January 12, 2010

Download and view the JMMB 2009 Annual Report and Financials

Debt Management Plan Critical to Government's Economic Agenda

January 12, 2010

On January 11, 2010 the two leading newspapers in Jamaica carried front page articles stated that a "Debt Management initiative is part of the Government's effort to curtails its borrowing and reduce interest rates...the debt management programme is a critical plank of the economic agenda." complete article »

Jamaica Money Market Brokers Launches Legal Money Management Account

December 15, 2009

Jamaica Money Market Brokers, the third largest financial institution in Jamaica, last weekend expanded its suite of products and services with the launch of the Legal Money Management Account (LMMA) targeted to small and medium law practices. JMMB LMMA was launched on the opening day of the Cornwall Bar Association (CBA) 2009 Law Seminar in Lucea, Hanover. The CBA and the Jamaican Bar Association (JBA) partnered with Jamaica Money Market Brokers (JMMB) for the two-day event, which featured legal luminaries and national speakers presenting on topical legal issues including justice reform, and recent developments in the civil procedure code. complete article »

JMMB Quarterly Report for Six Months period ended September 2009

November 16, 2009

JMMB Group Total Assets Increase by J$13.6 Billion for the first 6 months as Regional Companies take Root. complete article »