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Celebrating Corporate Moms - The Masters Of Multitasking — Part 1
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Financial sector gets breathing room after dividend reprieve
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File photo of Tourism Minister Edmund Bartlett (right) in discussion with Chairman of Sandals Resorts International Adam Stewart.
Tourism Minister Edmund Bartlett says there is some $360 billion in investment opportunities awaiting Jamaicans locally and in the Diaspora, who want to tap into the industry.
Speaking at a virtual forum held by Mayberry Investments Limited last week, Bartlett outlined, “We are working on reimagining tourism on the supply side. $76 billion in demand exists for fruits and vegetables. Add condiments and it amounts to $360 billion for goods manufactured from agriculture like jams and jellies and so on. We are excited about moving in that direction. We are hoping that the forum will stimulate investment on the supply side.”
Mayberry clients lean to US-dollar securities
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Chairman of Mayberry Jamaican Equities Limited Christopher Berry
The management of Mayberry Jamaican Equities Limited (MJE) says the company is poised for recovery, after ending 2020 with losses amidst the coronavirus (COVID-19) pandemic.
A subsidiary of Mayberry Investments, MJE, currently holds stock in 31 companies listed on the Main and Junior Markets of the Jamaica Stock Exchange (JSE).
“Despite the challenges faced by the company due to the deterioration of market conditions management remains confident that the company is well poised for recovery and growth in the medium to long term,” it was stated in the company’s financial statements.
For the year ended December 31, 2020, MJE reported a total comprehensive loss of US$37 million, compared to a total comprehensive income of US$33.6 million for the corresponding period of 2019; a decrease of US$70.5 million.