The Business Report, Jan 15, 2024

The Michael Campbell Collection-Maximizing Jamaica’s Creative Potential

In a recent ceremony held at the Faculty of Medical Sciences, Teaching and Research Complex, the late founder of Island Car Rentals, Michael Campbell’s private art collection, valued at over $2.3 million USD, was opened to the public. Professor Dale Webber, former Principal of UWI, Mona, oversaw the handover ceremony.

Campbell’s entrepreneurial success in tourism, coupled with his keen eye for Jamaica’s artistic talent, is evident in this remarkable collection. The Business Report explores the potential unleashed by increased support for Jamaica’s creative economy, as the former Prime Minister, PJ Patterson, advocates for the establishment of a Faculty of Creative Arts at UWI’s Mona Campus.

Business News at 7 (Jan 15, 2024)

JSE Market Update: Declines and Gains

The JSE Main Market Index declined by 0.27% (873.63 points), closing at 321,365.17. Meanwhile, the JSE Composite Index decreased by 0.79% (2,854.05 points), concluding the day at 356,985.14.

Overall Market Activity:

– 55 stocks traded

– 19 advanced

– 22 declined

– 14 traded firm

Winners:

– A.S. Bryden & Sons Holdings Limited: 11.39%

– Ciboney Group Limited: 9.77%

– Pulse Investments Limited: 6.95%

– Berger Paints Jamaica Ltd.: 5.11%

Losers:

– Key Insurance Company Limited: -12.02%

– Stanley Motta Limited Ordinary Shares: -11.28%

– Wigton Windfarm Limited Ordinary Shares: -5.68%

– Caribbean Cement Company Ltd.: -3.89%

Market Statistics:

– Market volume: 15,892,941 units

– Market value: Over $40,238,844.80

Volume Leaders:

– Wigton Windfarm Limited Ordinary Shares: 56.12%

– TransJamaican Highway Limited: 14.91%

– Sagicor Select Funds Limited – Financial: 10.68%

BOJ Currency Trading:

– US Dollar: Buy 154.68, Sell 156.27

– Great Britain Pound: Buy 194.83, Sell 199.46

– Canada Dollar: Buy 114.13, Sell 118.07

– Euro: Buy 163.10, Sell 172.46

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