Advertisement
JIS News

Story Highlights

  • Chief Executive Officer (CEO) of the Jamaica Stock Exchange (JSE), Marlene Street-Forrest, has commended the Government for its decision to continue the benefits under the JSE’s Junior Stock Exchange.
  • Mrs. Street-Forrest said the restoration of the incentives offered through the programme, which expired on April 1, will make it easier for operators to prepare to be listed on the exchange.
  • The CEO of Jamaican Teas, John Mahfood, who was present at the meeting, hailed the renewal of the incentives, noting that the Junior Stock Exchange is a good avenue for investment. He also emphasized the value of having improvement in ease-of-doing business in Jamaica, which is facilitated through the programme.

Chief Executive Officer (CEO) of the Jamaica Stock Exchange (JSE), Marlene Street-Forrest, has commended the Government for its decision to continue the benefits under the JSE’s Junior Stock Exchange.

Following an announcement by Prime Minister, the Most Hon. Andrew Holness, that Cabinet has given approval for the renewal of the incentives offered through the programme, which expired on April 1, Mrs. Street-Forrest said the move has served to restore the confidence of persons listed on the Junior Stock Exchange, as well as those looking to come to market.

The Prime Minister said the approval was given as a result of discussions during Cabinet’s retreat this week.

He was speaking to business operators listed on the Junior Stock Exchange in a meeting at the Office of the Prime Minister, on April 1.

Mrs. Street-Forrest said the restoration of the original benefits will make it easier for operators to prepare to be listed on the exchange.

“The level of confidence (and) the level of entrepreneurship has increased and we want to thank you for extending the benefits of the market,” she said.

The Junior Stock Exchange was launched by the JSE, through the collaborative efforts of the Government, the Board of the JSE, the Financial Services Commission and Steering Committee, on April 1, 2009. It was designed to encourage and promote investment in Jamaica’s entrepreneurship, employment and economic development.

The CEO of Jamaican Teas, John Mahfood, who was present at the meeting, hailed the renewal of the incentives, noting that the Junior Stock Exchange is a good avenue for investment. He also emphasized the value of having improvement in ease-of-doing business in Jamaica, which is facilitated through the programme.

Managing Director of Consolidated Bakeries, Anthony Chang, also offered congratulations to the Prime Minister and Government for the continuation of the programme’s benefits. He said being listed on the Junior Stock Exchange enables transformation in the management of companies listed.

“The quality of how we manage the company changes and the quality of how staff responds and are engaged changes,” he said.