Palace Amusement stock up gains 21% on Tuesday Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

Cinema operator Palace Amusement led gains during Tuesday’s trading on the Jamaica Stock Exchange (JSE). The stock gained 21 per cent to close at $850.

It was followed by JMMB preference shares up 17 per cent to $1.89.

On the other hand, 138 Student Living dropped 26 per cent to $5.30; CAC 2000 lost 15 per cent to $7.39.

Also on the day, the JSE Index advanced by 622.71 points (0.17 per cent) to close at 359,769.47 points and the volume traded amounted to 14,621,048 valued at $121,702,731.09.

The Junior Market Index advanced by 9.03 points (0.22 per cent) to close at 4,170.15 points and the volume traded amounted to 26,003,630 valued at $71,056,137.84.

Meanwhile, JSE Combined Index advanced by 663.44 points (0.18 per cent) to close at 373,887.81 points and the volume traded amounted to 40,624,678 valued at $192,758,868.93. The JSE USD Equities Index declined by 10.38 points (4.85 per cent) to close at 203.76 points and the volume traded amounted to 1,000,947 valued at $41,599.37.

The JSE Financial Index declined by 0.04 points (0.05 per cent) to close at 85.52 points and the volume traded amounted to 9,027,064 valued at $91,201,364.88.

The JSE Manufacturing & Distribution Index advanced by 0.11 points (0.11 per cent) to close at 101.14 points and the volume traded amounted to 18,466,602 valued at $68,041,948.65.

Overall market activity resulted from trading in 113 stocks of which 43 advanced, 52 declined and 18 traded firm.

The JA$ Market Volume (excluding blocks) amounted to 40,624,678 units valued at $192,758,868.93. The US$ Market Volume (excluding blocks) amounted to 1,000,947 units valued at $41,599.37.

The following companies represent the overall volume leaders: – Derrimon Trading with 13,848,832 units (33.27per cent) Mayberry Investments with 6,554,435 units (15.75 per cent Mailpac Group with 3,631,869 units (8.73 per cent).

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Hundreds benefit from JN BeWi$e summer camp on investment Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

Approximately 500 students between the ages 12 and 17 years were given an opportunity to learn about investment and various types of investment vehicles, such as stocks, cryptocurrency and mutual funds as well as the future of payment systems.

This took place at a three-day, Building the Junior Investor Summer Camp, organised recently by the JN Foundation.

Dejario Dickson, a student of Wolmer’s Boys’ School and a JN Scholar, who attended the summer camp, said that the experience was a rewarding one as he learned lifelong lessons about saving, budgeting and investing that will assist him as he gets older.

The second former said his takeaway lesson from the camp is how to build generational wealth as well as the importance of investing early.

“You can start to build your own empire and when you build on it and when it becomes successful, you can continue a new generation of wealth. All you need to do is start investing from early,” he said.

Meanwhile, one parent lauded the JN Foundation for organising the summer camp and noted that the children have learned a lot from the exposure.

“It is a brilliant idea and provided an amazing experience for the children. Whoever came up with this idea, thumbs up to them. The idea of educating kids from early to invest, and encouraging them not to squander their money, but to be responsible and inform them that investment is the way to go [is good advice],” said Melanie Guthrie.

Shanna Kaye Wright Vaughn, Lead – Youth and Education Programmes, JN Foundation, said there were over 700 registrants for the summer camp which was held virtually, with approximately 500 children attending on all three days.

“That within itself is tremendous. The JN Foundation is happy to have exposed these secondary students to the fundamentals of financial literacy, underscoring the importance of budgeting and saving. We are happy about the feedback and that it was a success,” she said.

Wright Vaughn said the intention is to offer the summer camp annually. Six outstanding participants along with their parent/guardian were invited to a luncheon and meet and greet session where they met senior managers of the JN Group – JN Bank, JN Fund Managers and MC Systems. They were also given a tour of the JN Bank Half-Way-Tree location and a hands-on experience with the JN Smart ATMs and coin machine.

The participants in the summer camp benefited from presentations from representatives of the Jamaica Stock Exchange,Carib DAO, as well as from JN Group member companies: JN Fund Managers, JN Bank and MC Systems and the JN Foundation.

The summer camp was executed under the JN Foundation BeWi$e Financial Empowerment programme which has, for close to a decade, been bringing financial literacy to Jamaicans through training at various institutions and organisations across Jamaica. The aim is to raise the level of financial literacy and improve money management skills among Jamaicans.

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Govt part-time jobs: Some persons not working stipulated 10 days

Black Immigrant Daily News

The content originally appeared on: INews Guyana

Authorities are looking to introduce stringent measures to ensure persons employed under the government’s part-time jobs initiative work their stipulated hours.

This was announced by Region Six Chairman David Armogan who said he has received reports that some persons did not work the stipulated ten days for the month.

The part-time jobs programme commenced in July and saw some 4000 persons employed in Region Six. The initiative allowed persons to earn $40,000 for working only 10 days a month.

Another issue that authorities have encountered had to do with the late submission of pay sheets. Scores of persons had turned up at the Office of the Regional Democratic Council claiming that they were not paid after having worked during the month of July.

Those persons were told that their names were not submitted on the initial pay sheets. The regional administration subsequently discovered that some department heads were late in submitting the required information. Those persons were eventually paid.

However, Armogan pointed out that inaccurate information was submitted in some instances. This, he explained, caused a further delay in payments.

According to the Regional Chairman, some persons would have worked eight days and nine days but the submissions that were made were for ten days.

He pointed out that those records were subsequently adjusted and a recording system has now been put in place whereby each one of those agencies that have persons working are now required to have a register and record the part-time workers’ presence at work.

“So what we will be doing in order to monitor the situation in a better way, we will be arranging to have monitors in different geographic areas, persons who are employed in the same 10-days scheme; we will engage some of them to be able to do monitoring work so that we have accurate information,” Armogan added.

He noted that some of the agencies to which persons are being sent have not been keeping accurate records.

“This can lead to problems of people under-receiving money or over-receiving money,” Armogan said.

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Letter: GuySuCo in the news again for the wrong reasons

Black Immigrant Daily News

The content originally appeared on: INews Guyana

Dear Editor,

The sugar entity is in the news again. One report gives a detailed account of how an estate overpaid two contractors. Cash-strapped but overpayment, the outcome due to poor decisions. It has to be wondered whether this is how the frequent cash injections into the industry are being managed. One manager resigned after the report recommended disciplinary action against him and others.

Another report tells of the downing of tools by workers at a different estate, with fingers pointing in a certain direction as to responsibility, as their substantive work could no longer be supported, even though alternative work on the estate was found for them (INews August 28).

While the workers’ claims and concerns seem reasonable, there is a theme running through their cries: it appears the workers are not amenable to stepping out of their comfort zone to try different types of work. They are set in their ways, and are opposed to any work or challenges outside of what they know or have been doing for a long time. Hence the current situation.

It must be recognised and accepted that the work of the organisation is bigger than the employee, and it is the organisation which makes the ultimate decision on worker utilisation.

The sugar entity is in the news again for the wrong reasons.

Sincerely,Shamshun Mohamed

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‘Mastermind’ Behind Importation Of 21 Guns Into Jamaica Charged – St. Lucia Times News

Black Immigrant Daily News

The content originally appeared on: St. Lucia Times News

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The Jamaica Constabulary Force (JCF) says it has put ‘a major dent’ in the country’s illegal firearms trade by charging a man described as the mastermind behind importing 21 guns.

On its official website the JCF said businessman Godfrey Martin, also known as ‘Rev’ had been charged with Conspiracy to Illegally Import Firearm and Conspiracy to Illegally Import Ammunition.

Martin is  due in the Gun Court on Friday, September 16.

Law enforcement officials arrested the 51-year-old businessman earlier this month after members of the Jamaica Customs seized the illegal weapons in March this year.

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The haul included eighteen handguns, three rifles and a large quantity of ammunition.

Headline photo: Stock image

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Nonchalant Yellow Birds doorstaat comeback De Arend II

Black Immigrant Daily News

The content originally appeared on: De Ware Tijd Online

Tekst en beeld Ricky Wirjosentono PARAMARIBO — “We stonden met negentien punten voor en laten de tegenstander in de laatste

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Lightning strikes knock out power; most areas restored says JPS Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News
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The Jamaica Public Service Company (JPS) says lightning strikes affected its power grid amid the ongoing weather conditions early on Wednesday morning, leaving widespread power outage across several parishes.

It is understood that several parishes, including St Catherine, St Ann and Trelawny, were left without electricity for between 30 minutes and an hour.

Director of Corporate Communications at JPS, Winsome Callum, has since advised that some most customers’ electrical supplies have been restored.

She said JPS teams are still working to have power restored to other customers.

Most of the island is currently being impacted by thundershowers which have been on and off since Sunday.

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Venus Williams, Raducanu, Osaka all out in US Open 1st round Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

NEW YORK (AP) — The welcome and support for Venus Williams in Arthur Ashe Stadium on Tuesday afternoon were not the same as they were for her sister, Serena, a night earlier. Nor was the result.

Venus, who turned 42 in June, has not made any pronouncements about her future in tennis, unlike her younger sibling, and while she has been successful and influential, too — a seven-time Grand Slam champion; a black woman in a predominantly white sport — the fanfare and attention are not the same.

Alison Van Uytvanck, of Belgium, waves to the crowd after defeating Venus Williams. (AP Photo/Seth Wenig).

Playing in front of thousands of empty blue seats in an arena quite silent at the start, although growing louder later, Venus bowed out in the first round of the U.S. Open for the second consecutive appearance, losing 6-1, 7-6 (5) to Alison Van Uytvanck.

“She means so much to female tennis. Tennis, in general,” Van Uytvanck said. “She’s a legend.”

This was the 23rd trip to Flushing Meadows for Venus, who made it to the final in 1997 as a teen then won the trophy in 2000 and 2001, and her record 91st time participating in a major tournament.

Venus had never lost in the opening round at the U.S. Open until 2020, then was absent last year.

Asked what keeps her motivated these days, she answered: “Three letters: W-I-N. That’s it. Very simple.”

Emma Raducanu, of Britain, returns a shot to Alize Cornet, of France. (AP Photo/Frank Franklin II).

At night, Emma Raducanu became only the third defending U.S. Open champion to lose in the first round, eliminated by Aliz? Cornet 6-3, 6-3. And yet another past champ bowed out in straight sets when Naomi Osaka, who won two of her four Grand Slam titles in New York, was eliminated by Australian Open runner-up Danielle Collins 7-6 (5), 6-3 in a match that ended after midnight.

Osaka, a former No. 1, also lost in the first round of the French Open this year and has slid to 44th in the rankings. She had been 3-0 head-to-head against Collins, but this fun-to-watch, hard-hitting matchup went the other way.

“When you lose to somebody three times,” said the 19th-seeded Collins, who has struggled with injuries this season, “you have nothing to lose, so I tried to go for it and hope for the best.”

Raducanu, who was 18 and ranked 150th when she won the title as a qualifier a year ago, was bothered by hand blisters — she took a medical timeout for treatment after the first set — and was outplayed by Cornet, a 32-year-old from France who also upset No. 1 Iga Swiatek at Wimbledon.

“Obviously really disappointing. Really sad to leave here. It’s probably my favourite tournament. But also, I mean, in a way, (I’m) happy, because it’s a clean slate,” Raducanu said. “I’m going to drop down the rankings. (Will) climb my way back up.”

Rafael Nadal, of Spain, reacts after defeating Rinky Hijikata, of Australia. (AP Photo/Frank Franklin II).

Also playing under the lights was 22-time major champion Rafael Nadal, who returned to the U.S. Open for the first time since 2019 and beat 21-year-old Rinky Hijikata 4-6, 6-2, 6-3, 6-3. Nadal did not show any serious lingering issues with the torn abdominal muscle that forced him out of Wimbledon in July.

Venus was off the tour in singles entirely from August 2021 until less than a month ago and is now 0-4 since her return. Her ranking — which 20 years ago was No. 1 — is 1,504th this week.

“It was definitely the longest time I have been away from tennis and been without a racket in my hand. So it was a completely new experience for me, getting a racket back in my hand and trying to acclimate as quick as possible to be ready for the U.S. Open, which was not easy,” she said. “Definitely playing lots of great points, but in the end, it’s just rust. There is nothing you can do about that except for, you know, not be rusty at some point.”

It was Serena who announced to the world on Aug. 9 that she was getting ready to step away from her playing career, leaving unclear exactly when the end would be, although she hinted it could come at the U.S. Open. So her first-round match Monday fell into the category of a must-see happening, drawing a record crowd of more than 29,000 to the tournament grounds, including more than 23,000 in Ashe — and the atmosphere was uproarious and electric from start to finish of her 6-3, 6-3 victory over Danka Kovinic.

Now Serena, who won six of her 23 Grand Slam singles titles in New York, will move on to a matchup against No. 2 seed Anett Kontaveit in Ashe on Wednesday night.

And then she and Venus will join forces in doubles on Thursday, teaming up for the first time anywhere since 2018 this week.

When a reporter wanted to know whether retirement has been on Venus’ mind, she replied: “Right now, I’m just focused on the doubles.”

So how did that reunion of a pairing that has earned 14 Grand Slam titles in that event come about?

“It was Serena’s idea. She’s the boss, so I do whatever she tells me to do,” Venus said. “We have had some great wins. It would be nice to add some more.”

Van Uytvanck now meets Clara Burel, who eliminated Wimbledon champion Elena Rybakina 6-4, 6-4.

In other action on a humid and windy Day 2 at the hard-court tournament, women’s winners included 2017 champion Sloane Stephens, No. 1 Iga Swiatek, No. 6 Aryna Sabalenka, No. 8 Jessica Pegula, No. 9 Garbi?e Muguruza, No. 13 Belinda Bencic — whose opponent, Andrea Petkovic, said she is retiring from pro tennis — and No. 22 Karolina Pliskova, the 2016 runner-up in New York.

Men who advanced included 2014 champion Marin Cilic, No. 3 Carlos Alcaraz, No. 7 Cam Norrie, No. 8 Hubert Hurkacz, No. 9 Andrey Rublev, No. 11 Jannik Sinner, No. 15 Marin Cilic, No. 17 Grigor Dimitrov and No. 28 Holger Rune, who meets John Isner next.

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Ronaldo will not be leaving Man United, says Ten Hag Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News
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Manchester United’s Cristiano Ronaldo applauds at the end of the English Premier League match against Liverpool at Old Trafford stadium, in Manchester, England, Monday, Aug 22, 2022. (AP Photo/Dave Thompson).

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MANCHESTER, England (AP) — Manchester United manager Erik ten Hag reiterated Wednesday that Cristiano Ronaldo will not be leaving the team in the final days of the transfer window.

The uncertainty around Ronaldo’s future at United only increased following the signing of another forward, Brazil international Antony, from Ajax on Tuesday.

When asked if Ronaldo remains part of his plans following the arrival of Antony, Ten Hag said: “(It is) clear, of course.”

“We need quality players. You need more to cover all the games to keep the consistency going. That is what we strive for.”

Ronaldo has been pushing to leave United this summer to join a club playing in the Champions League.

The transfer window closes late Thursday.

With Newcastle goalkeeper Martin Dubravka also set to complete a move to United, Ten Hag said more signings are unlikely in what has been a busy window for the 20-time English champions.

Casemiro, Lisandro Martinez, Tyrell Malacia, Christian Eriksen have already joined United.

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PM Browne meets with member of Black Boyz Foundation Inc.

Black Immigrant Daily News

The content originally appeared on: Antigua News Room

On Friday, Prime Minister Gaston Browne held lengthy discussions with the directors and members of the Black Boyz Foundation Inc. , a non-profitable organization with the sole purpose of uplifting those who are in need.

During the courtesy visit, PM Browne indicated that he was aware of their volunteerism through social media and commended them for their social impact.

The four young men and PM Browne spoke at length about several issues, plans, and programs ranging from rehabilitation, youth involvement, youth leadership, and partnership with the Government of Antigua and Barbuda.

Prime Minister Browne also donated to their foundation and made a donation of school supplies towards their back-to-school drive.

The four young men, who are all under the age of 25, banded together earlier this month when they provided free haircuts and breakfast to less fortunate males living on the streets of St. John’s.

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