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Article: Recent Developments in Jamaica Stock Exchange (JSE)
- Article from:
- Caribbean Today
- Article date:
- April 30, 1994
- Author:
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Gerald Chen-Yong
Caribbean Today
04-30-1994
Recent Developments in Jamaica Stock Exchange (JSE).
1. The liberalisation of foreign exchange controls that occurred in Jamaica in September 1991 resulted in substantial inflows of private capital. Although mostly attributable to investments by Jamaican expatriates in the U.S., Canada and the U.K., the extent of Foreign Direct Investment (FDI) was still noteworthy. Most notably are: i. Cable & Wireless of the U.K. acquisition of 79% of Telecommunications of Jamaica Ltd. in June 1989; ii. Guiness acquisition of 51% of Desnoes & Geddes of Jamaica Limited (the manufactures and bottlers of Red Stripe Beer) in October 1993; iii. A ...