Overview of the Jamaica Stock Exchange
The Jamaica Stock Exchange ( JSE ) is an august institution which was incorporated in 1968 and started operation in 1969. The JSE started its operation at the Bank of Jamaica (BOJ) building and moved to its present building situated at 40 Harbour Street in 1998. The JSE's principal mandate is the mobilization of capital to facilitate the growth and development of companies and by extension the economy.
The JSE Group has evolved over time into a strong and reputable business.
There were four founding members:
Mr. Willard Samms - Annett & Company Limited
Mr. Raglan I. Golding - Capital Market Services (Ja) Ltd.
Mr. Edward E. Gayle - Edward Gayle & Company Ltd.
Mr. Anthony Lloyd - Pitfield McKay Ross & Co Ltd.
To contribute to the growth and development of the countries in which we operate by facilitating the mobilization, exchange and expansion of capital while providing a return o n equity that is acceptable to our shareholders.
To promote the orderly and transparent development of the stock market and the stock exchange in Jamaica. To ensure that the stock market and its broker members operate at the highest standards practicable To develop, apply and enforce the rules designed to ensure public confidence in the stock market and its broker members To provide facilities for the transaction of stock market business To conduct research, disseminate relevant information and maintain local and international relationships which can enhance the development of the Jamaica stock market.
The Basic Functions of the Stock Exchange
To provide an additional channel for encouraging and mobilizing domestic savings
To foster the growth of the domestic financial services sector
To provide savers with greater opportunities to protect themselves against inflation
To increase the overall efficiency of investment
To facilitate priva tization
To improve the gearing of the domestic corporate sector and help reduce corporate dependence on borrowing.
Stock trading is restricted to Broker-members who trade both as agents and as principals. In the latter capacity, certain restrictions apply to transactions between a Broker and his own client.
The Exchange is governed by a Board of Directors, which has the following composition:
The Governor of the Central Bank (Bank of Jamaica) or his nominee
A representative of the Ministry of Finance
Three persons other than shareholders
Up to ten shareholders representing members.
The JSE Group provides a wide range of services to the market. The primary services of the JSE Group are:
The trading of securities on its Markets, (Main, Junior, Bond and the US Denominated Market)
Creation of accounts in the Jamaica Central Securities Depository (JCSD)
Pledging of securities registered in the JCSD
Inter-CSD movements between Regional CSD ’s Settlement of trades through the JCSD
and Registrar Services
The JSE Group offers secondary services, these are:
Annual Investments and Capital Markets Conference
The Best Practices Awards
The National Investor Education Week
Market Research Competition
Training and Education
Stock Market Game
ISIN Issuing Agency
What is Online Trading?
Online trading simply refers to buying and selling of securities via the Internet.
The Jamaica Stock Exchange Online Trading Platform gives investors to trade directly securities listed on the Exchange. Read more......Read less
The Western Educational Centre is a registered independent school with the Ministry of Education in Jamaica. It is located at 22 Hart Street, Montego Bay in Western Jamaica .
The school officially started in September, 2009 with approximately 200 students, 10 teachers and 2 ancillary workers. We offer morning and evening classes to adults as well as high school students who may need additional assistance.
Aim and Objectives
Our aim is to provide our students with the best possible learning experiences. Our philosophy is to promote hard work, integrity, honesty, trust, tolerance and compassion. We also foster creativity and critical thinking skills in our students in an effort to fit them for the 21st century.
Our service and facilities include online tutoring, homework centre, library service, book rental, remedial reading, lab facilities & book rental. The class sizes are small, clean and spacious. The classrooms are also air conditioned.
The teachers' e all trained graduates with at least 5 years of teaching experiences. They have an excellent pass rate ranging between 95-100%. They are highly motivated and willing to assist students with homework and school based assessments.
Call us now to schedule a tour of our facilities!! Read more......Read less
In 1973, the Government of Jamaica (GoJ) formed the National Youth Service (NYS) to help with manpower needs in various sectors of the economy as well as to help school leaver
s develop a sense of nationalism and proper socialisation. According to Mrs. Heather Murray, Principal of the Hampton High School, “In those days, you served without any travelling been refunded because it was serviced for the sake of service and it was from a service that I learned from those whom I served.” Since then, young people, ages 17 – 24 years, have been equipped with the necessary life coping skills needed to foster their personal and career development as well as enhance their contribution to community and national development.
The programmes offered at the NYS focuses on Volunteerism, Character Development and Work Experience and include programmes such as the Corps and Summer Programmes.
THE CHANGING ENVIRONMENT
The change in the global environment has reshaped the strategic fram ework of the National Youth Service (NYS) and has forced the organisation to fulfill its mandate through various methodologies. In the past, individuals would have completed NYS programmes harvesting only a certificate of participation. However, in an assessment conducted by Darrell M. Hull, Ph.D., he recommended that the NYS Corps programme should be aligned with the National Vocational Qualification (NVQ) standards offered by HEART Trust/NTA, and credit provided to participants when their training matches these standards. As such, in 2010, the NYS undertook a new initiative: to certify participants in their area of training in order to enrich their developmental experience and prepare them for the competitive labour market.
Following this decision, at least 290 National Youth Service (NYS) trainees turned the pages of success, in dealing with the weaknesses which exist in the procurement and distribution of textbooks in high, junior high and all-age schools. In 2011, through t he Textbook Management and Support Aide programme was developed to train students in assisting with the management of the textbook process in schools. Participants within the programme have helped the Media Services Unit of the Ministry of Education to collect for redistribution some $350 million worth of government-issued textbooks, packed in storerooms in Schools Island wide. In the same year, the organisation commenced training for their Teacher’s Assistant Programme which total of four hundred and twenty eight (428) participants trained to effectively support teachers and administrators in: Special Educational Institutions, The Alternative Secondary Transitional Education Programme Centres (ASTEP) and The E-Learning Centres. Read more......Read less