“News In Two”

 

4 medals now

Jamaica reaped another medal in the IAAF World Championships in Doha, Qatar Monday when Fedrick Dacres threw the discus 66.94 metres to place second in the finals.

Dacres was expected to throw closer to 70 metres but many of the big names did not live up to expectations either. In winning silver, Dacres went into the history book being the first Jamaican to win a global medal in this field event.


 

On the day, Elaine Thompson advanced to the Women’s 200 Semi Finals. She placed second in her heat and was joined by compatriot Sashalee Forbes who qualified as the final non-automatic place. However, in the Men’s equivalent, Rohan Blake and his two compatriots –Rasheed Dwyer and Andre Ewers — failed to advance to the Men’s 200 Metres Finals.

 

BOJ maintains policy rate

 

The Bank of Jamaica (BOJ) announced Monday afternoon, September 30, that it will be maintaining the policy interest rate offered on overnight balances from deposit-taking institutions at 0.50 per cent. The BOJ said this decision is based on its current assessment that prevailing monetary conditions are “generally appropriate” to support the achievement of the inflation target range of four to six per cent over the next four to eight quarters. As such, the central bank advised that it will continue to closely monitor the impact of significant monetary loosening on credit expansion and, consequently, on investment and economic growth.

 

$2 Trillion

 

Market capitalization at the Jamaica Stock Exchange (JSE) surpassed the two trillion dollar ($2 Trillion) mark Monday, September 30, with the listing of QWI Investment following it’s $1.192 billion subscription. Forty-five companies are now listed on the main market of the JSE. QWI is subsidiary of the Jamaican Teas Group. It was incorporated as an investment company in 2018.

 

 
 

 

Divorce backlog being cleared

Justice Minister Delroy Chuck says that the list of probate and divorce cases in the court system will be cleared up by the end of 2019. Mr. Chuck noted that measures implemented by the Ministry to clear the backlog, have resulted in a consistent reduction in the number of probates and divorce cases, with reports of matters being disposed of within six months. JIS reported that the Minister was speaking on Saturday, September 28, at a training seminar for judges and lay magistrates, at Hilton Rose Hall Resort and Spa, Montego Bay, St. James.


 

Prof back at CMU

Professor Fritz Pinnock is back as the day to day head at the Caribbean Maritime University (CMU). Prof Pinnock returned from leave Monday, September 30. He went on voluntary leave in May and extended the leave on two other occasions, reportedly giving space for investigations regarding allegations related to the former Minister of Education Ruel Reid in dealings with the CMU.


 

Good for ganja

Jamaica’s Cannabis Licensing Authority (CLA) has been hailed by Canadian business tycoon, Bruce Linton, as one of the two best cannabis regulatory systems in the world.

Linton is the co-founder and former CEO of the world’s largest publicly traded cannabis company and Canadian multi-billion-dollar giant, Canopy Growth Corporation. Speaking in Montego Bay he listed the engagement of the Authority, its quickly working platform, social presentation and accessibility as reasons why he considers the regulatory operations in Jamaica as being one of the “top two in the world”.

 



Lastchance

Electoral Office of Jamaica (EOJ) offices will remain open until 7 p.m. today to accommodate the high turnout of persons seeking to become registered electors.  Today is the deadline for persons to register for the Voters’ List.

 
 

Persons intending to have their name added to the Voters’ List must apply at any EOJ constituency office. We are also advising individuals who are already registered, not to re-apply.

 

 

Franklin McKnight

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