News Review: SVL’s Hit Highest Revenues Ever, 1834 & RJR, Sygnus Results, Fosrich APO & More – Apr 22, 2022

iCreate Limited (ICREATE) has acquired a majority stake in e-commerce company GetPaid Limited

Supreme Ventures Limited (SVL) Unaudited Financial Statements for the First Quarter Ended March 31, 2022 – Profit Surpasses J$1B

WTD -0.52% YTD +3.29%

Radio Jamaica Limited (RJR) & 1834 Investments Limited (1834)– Scheme of Arrangement for Amalgamation

Key Takeaway: RJR Parent Co & 1834 to merge. Basically RJL is buying the remaining non-media assets it never bought when it bought Gleaner

1834183

WTD +1.22% YTD -18.37%

Sygnus Real Estate Finance Limited (SRF) Unaudited Financial Statements For The 2nd Quarter Ended February 28, 2022 – Unlocks Major Gains AT End Of Fiscal Year

WTD +0.08% YTD -18.75%

FOSRICH COMPANY LIMITED (FOSRICH) – Board Meeting to consider recommending certain resolutions to AGM to facilitate Additional Public Offering.

Key Takeaway: Board will consider recommending to shareholders at the AGM certain resolutions to facilitate raising additional equity investment by a rights issue and/or additional public offering of ordinary shares

FOSRICH

WTD +0.62% YTD +148.42%

CAC 2000 Limited (CAC) Unaudited Financial Statements for the First Quarter Ended January 31, 2022

WTD +6.99% YTD -44.62%

tTech Appointment of Senior Managers

WTD +6.99% YTD +10.23%

Unemployment Hits Record Low of 6.2%; Less People Employed Than Pre-Covid

Key Takeaway: Jamaica’s unemployment rate has fallen to its lowest level since the nation began keeping records. It’s at 6.2 per cent, beating pre-pandemic levels.

Holness-Administration Attempting to Reduce Public Sector Pay Scales

Key Takeaway: The new 16 band system is being put forward to replace the over 325 salary scales currently being used in the public sector.

The new structure proposes to begin with band one. This covers the lowest point in the new structure. It includes attendants and cleaners.

Band 16, the highest level, has been reserved for public servants whose role impact multiple areas of the civil service.

Band fifteen will include roles such as Permanent Secretaries, the Director of Public Prosecutions and the Auditor General.

15 farmers will soon be able to sell milk to St Mary dairy goat farm

Key Takeaway: Goat milk, cheese, yoghurt… wow

Tourism Seeing Steady Rebound | TVJ Business Day

Key Takeaway: Minister says tourists returning, and workers as well