Monday, November 11, 2019

THE JAMAICAN STOCK EXCHANGE. In a League of its own



By Derrick Scott

WASHINGTON, DC. Thursday, November 7, 2019 -- The New York Stock Exchange on Wednesday (November 6), flew the Jamaican flag on its building in the New York business district in a tribute to the island’s stock market, the Jamaica Stock Exchange being rated the best performing stock exchange in the world.

According to the New York Stock Exchange, Jamaica is the only country where its flag has been flown atop its building in New York.

The Jamaica Stock Exchange commenced its North East USA Road Show on Wednesday with a visit to the New York Stock Exchange when the Jamaican flag was flown.

The visit is in response to an invitation from Jamaica’s Ambassador to the United States Audrey Marks, who is of the view that Jamaicans living in the Diaspora should be aware of the tremendous opportunities available in the Jamaican stock market so that they can look to place more investment on the island.

The theme for the show is “Exploring Wealth Creation opportunities while helping to build a better Jamaica.”  

According to the Managing Director of the Stock Exchange, Mrs. Marlene Street-Forest the move is an outreach into the Jamaican Diaspora in New York Philadelphia and Washington to sensitize them about the vast opportunities that are available in the Jamaican Stock Exchange.

The Managing Director of the JSE, Mrs. Marlene Street Forrest and a team including members from the Social Stock Exchange (JSSE) and a number of Jamaican Stock Brokers, visited
the New York/Tri-State, Philadelphia and Washington, DC areas, over the period November 5 to 10. 
Over the past decade, Jamaica’s financial sector assets have tripled and the number of institutions have grown eightfold, according to International Monetary Fund figures. While Kingston still regularly appears on global lists of dangerous cities, the World Bank now ranks Jamaica as the sixth-best nation in terms of ease of starting a business.
 
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HEIGHTS. GREEN & GOLD. Jamaica’s flag has been flown on the building of the New York Stock Exchange, in tribute to the island’s stock market is rated the best performing stock exchange in the world.

-        contributed



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