JMMB News

The country's unemployment rate as at October 2020, stands at 10.7% of Jamaica's labour force; that is, over 137,000 individuals are unemployed, according to the Statistical Institute of Jamaica’s (STATIN) quarterly report. This is an uptick of 3.5% year-over-year, and has largely been attributable to the slowdown in the economic activity, due to the impact of the COVID-19 pandemic. Shifts in the marketplace, have left individuals grappling with how to thrive in the current market and beyond, because of the rapid pace of change.

The JMMB Group Limited (JMMBGL) preference share offer, which closed on March 9, was oversubscribed by 166%, with subscriptions totaling approximately, J$9.97 billion.

With almost 2 months into the New Year, many persons have already abandoned or simply lost the momentum to achieve their New Year’s resolutions and keep their commitments. JMMB Elevate 3.0 co-headliner and entrepreneur, John Henry in a spirited presentation titled, “Ideas are Easy; Execution is Everything”, at the signature financial empowerment event, urged participants to be ready to capitalize on the emerging economic opportunities being created amidst the ongoing COVID-19 pandemic.

Regional financial conglomerate, JMMB Group, for its nine-month period ended, December 31, 2020, recorded net profits of J$4.02 billion, which is in line with earnings for the corresponding period in the prior year, where the Group reported net profit of J$4.0 billion.