Everything Fresh, Blue Power Group, Mayberry Jamaica Equities (MJE) and Honey Bun led with double digit gains in last week's trading on the Jamaica Stock Exchange (JSE). Everything Fresh gained 15.3 per cent to close at $2.29 and Blue Power gained 14.9 per cent to close at $47. They were followed by MJE, which gained 12.45 per cent to close at $9.48 and Honey Bun which gained 12 per cent to close at $4.43 . Paramount led declines, down 30 per cent to close at $2.10; followed by Sygnus, which declined 22.3 per cent to close at $10.09. Berger Paints dipped 16.5 per ecnt to close at $18.02, Portland JSX declined 12.4 per cent to close at $8.01 and Stationery and Office Supplies declined 10.4 per cent to close at $8.15. The JSE Combined Index advanced by 500.22 points (0.15 per cent) to close at 325,301.74. The JSE Index declined by 160.75 points ( 0.05 per cent) to close at 315,996.35. The Junior Market Index advanced by 58.84 points ( 1.85 per cent) to close at 3,185.44. The JSE USD Equities Index advanced by 0.40 points ( 0.25 per cent) to close at 159.24. Overall Market activity resulted from trading in98stocks of which40advanced,23declined and35traded firm. Market volume amounted to70,235,136units valued at over$759,481,286.11.Indies Pharma was the volume leader with23,235,244units(33.08 per cent)followed by JMMB Group Limited 7.50per cent with8,940,090units(12.73 per cent)andMJE with5,621,573units(8.0 per cent). For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.

US President Donald Trump has asked the Securities Exchange Commission (SEC) to look into getting American companies to switch to making financial statements every six months. The President of the United States tweeted: “In speaking with some of the world’s top business leaders I asked what it is that would make business ( jobs) work even better in the US. “Stop quarterly reporting and go to a six month system said one. That would allow greater flexibility and save money. I have asked the SEC to study.” The head of JP Morgan Jamie Dimon and Berkshire Hathaway boss, Warren Buffett agree with this view believing it would allow for more long term strategic planning and growing companies successfully. They both put out a statement on the matter which read : “We are encouraging all public companies to consider moving from providing quarterly earnings per share guidance. “In our experience, quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability.” Should Jamaica follow suit and switch to having publicly listed companies report bi-annually rather than quarterly? A leading Jamaican corporate executive speaking with Loop News said : “In Jamaica, publicly listed companies put out quarterly statements which are not audited. The annual report is audited but quarterly statements are numbers put out by the company to give shareholders a sense of its performance to date. “Quarterly statements require greater levels of transparency and are good for governance. It keeps companies on their toes and allows shareholders to regularly check in. To go every six months would reduce oversight in my view.” CFO of Supreme Ventures and economic columnist Dennis Chung said : “it would be a bad idea for Jamaican listed companies to decide to report earnings just twice a year. To do so would create uncertainty in investors’ minds . "The public should be regularly updated on a company’s performance and companies should embrace better governance practices and transparency . This suggestion would spell a move away from international standards. Both the public and shareholders should be regularly updated as to what a listed company is doing, how it is performing and is it on track to meet its targets. I don’t think quarterly reporting is taking a short –term view which impacts profits and long term revenues," Chung said. CEO of Mayberry Investments Gary Peart said : “Personally I thinkturning to reporting every six months is a retrograde step and is not good for governance. Sure, it would reduce the cost sustained in regular reporting. Quarterly reporting allows the public to gauge how the economy is performing and allows the shareholder to make better informed decisions. “Perhaps we should look at monthly reporting as it will create better transparency and encourage companies to perform at a higher level,” Peart said. CEO OF Proven Management Christopher Williams agreed with both Jamie Dimon and Warren Buffett. “I thing reporting every six months is more practical and allows for a more fulsome insight into performance. While I wholeheartedly agree that both the public and shareholders need to be kept informed at all times, the performance of a well-run company is unlikely to change significantly between quarterly and six months. Reporting bi-annually puts less pressure on a listed company and is less costly. “When evaluating a listed company, shareholders should not be overly concerned with the trading of shares but as shareholders should be looking to see improvement in the company’s business operations. What should be of paramount concern is noting whether the business shareholders have investing in is improving and this can be better determined over six months rather than on a quarterly basis.” Managing Director for Deals, Southern Cluster (Caribbean) for PwC Tax and Advisory Services, Wilfred Baghaloo sees the merit in reporting financials every six months. “I do think as it pertains to well run-companies, reporting every six months will help in reducing compliance costs. You can get a fuller picture as to performance from audited annual reports. Quarterly reporting perhaps should apply to greenfield companies in an effort to gauge compliance and performance. This should also be the case for brownfield corporations that have committed infractions and breached compliance rules to better ensure they stay in check and things are kept above board. “However blue chip companies with a long history of good governance should not have to go through reporting on a quarterly basis. It is time consuming, expensive and doesn’t tell the full story. Filing financial reports every six months will suffice adequately and allows these companies to focus more on long term strategy and putting them into effect,”Baghaloo said. For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.


It's official for Priyanka Chopra and Nick Jonas. The two on Saturday announced on their respective Instagram accounts they are engaged. Each posted the same picture, a close-up of them gazing lovingly at each other, an engagement ring on Chopra's finger. The two are in India with both of their families. "Taken ... With all my heart and soul,"Chopra wrote. On Jonas' page,he wrote, "Future Mrs. Jonas. My heart. My love." The 25-year-old Jonas and 36-year-old Chopra had reportedly decided in July to get married after dating for two months. Jonas gained fame as a member of the Jonas Brothers musical group and is now a solo artist and actor. Chopra starred in the ABC television drama "Quantico." She is a former Miss World winner.

Do you feel likeenjoying an adrenaline rush while racing a motor vehicle this weekend? There is no need to do it illegally on the road while putting yourself and other motorists at risk. Rather, you and friends can race in a safe environment at the Palisadoes Go Kart Track in Kingston to satisfy your need for speed. It's among a number of entertainment options we recommend this weekend. Watch an all-new Loop Weekends show in the video below, For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.


Trinbago Knight Riders celebrate their Hero Caribbean Premier League (CPL) victory over Jamaica Tallawahs at the Central Broward Regional Park in Fort Lauderdale, United States on Sunday, August 19, 2018. (PHOTO: CPL via Getty Images).

Javon Searles slapped the final ballfor four as Trinbago Knight Riders produced their second successive Hero Caribbean Premier League (CPL) run-chase to gain revenge on Jamaica Tallawahs, with a four-wicket victory in Florida on Sunday night. Sent in to bat,Jamaica Tallawahs made 182 for five off their allotted 20 overs and Trinbago Knight Riders replied with 184 for six off their 20 overs. It was the fifth loss in six matches at the venue for the Tallawahs since 2016. The Knight Riders now have three wins from their five matches, the same asTallawahs, whichhave suffered back-to-back defeats in Florida after starting their campaign with three victories. Both teams are on six points along with Barbados Tridents, which are atop the six-team points' table courtesy of net run rate. Knight Riders are in second place with Tallawahs in third. Andre Russell’s one-man show had stunned the Knight Riders back in game three, but this time it was the Knight Riders captain Dwayne Bravo who was celebrating after his six-laden 11-ball 36 proved so crucial in snatching a victory that had looked so unlikely when Trinbago slumped to 28 for threeat the end of the Power Play in pursuit of 183. The two sides in truth produced uncannily similar innings at Central Broward Regional Park, with run-scoring proving difficult in the first 10 overs before rapid acceleration after the midway point. The Tallawahs turned 58 for threeinto a seemingly impenetrable 182 for fivethanks to 80 from Glenn Phillips and 72 not outfor David Miller; the Knight Riders surpassed it as a midway 62 for threebecame a match winning 184 for six. Darren Bravo, the hero of the victory over St Lucia Stars on Thursday, was to the fore again, striking five more sixesin a 35-ball 50 as he shared a century stand with Colin Munro, who filled the Phillips role with an expertly-paced 67 from 51 before being bowled round his legs by Russell. Glenn Phillips of the Jamaica Tallawahs bats during the CPL match against Trinbago Knight Riders. (PHOTO: CPL via Getty Images). Skipper Dwayne Bravo provided the crucial shot of impetus the Knight Riders needed with three successive sixes off Krishmar Santokie in the 18th over and five in all in a blistering 11-ball stay at the crease. Having needed 12 an over from the eighth over onwards, the Knight Riders somehow needed just seven from the final over. But there was still a twist to come in this extraordinary game. Dwayne Bravo was caught on the boundary looking for the match-winning sixto leave Javon Searles to find five runs from the last two balls. A scampered two to long-off and a slap through cover off the back foot to the boundary did the job to spark scenes of jubilation. But the 106 added by Darren Bravo and Munro should not be forgotten among all that late drama. For much of the game, Darren Bravo looked like he might be the Knight Riders’ fall guy after a costly dropped catch. Phillips had made only 44 from 41 balls when Bravo spilled a simple chance at a time when the Tallawahs were still looking to recover from their own slow start. Left-arm spinner Khary Pierre came into the side with stunning and instant impact. He trapped Kennar Lewis lbw for just a single and also dismissed Steven Taylor cheaply as his four overs bowled off the reel at the top of the innings brought him two for 19. With Ross Taylor also failing to reach double figures before falling to Fawad Ahmed, the Tallawahs were in significant early trouble. Phillips and Miller were watchful, to the extent that the run-rate only climbed back above six in the 12th over. The key moment of the innings arrived at the start of the 15th over. The Tallawahs were still on a flimsy-looking 91 for threewith overs starting to run out when Phillips attempted a switch hit off Ahmed and sliced a simple catch to Darren Bravo in the deep. Inexplicably, the chance went begging. When Phillips did fall four overs later he had 80 runs to his name from 55 balls and the score had moved on to 159 for four. Phillips’ ferocious hitting after his let-off included another switch hit for six and a pair of outrageous ramp shots over wicket-keeper Denesh Ramdin. He struck five sixes in all. Miller was more fluent from the off, with his half-century coming up in just 25 balls with a nonchalant flick off his pads over square-leg for six. He was there at the end to dispatch the last two balls of the innings for a four and his fifth six of the day, way back over long-on, to finish on an unbeaten 72 from 34 balls. In all, 80 came from the last five overs of the innings – and that was with Russell contributing only a couple of runs from a three-ball stay at the crease. Momentum was firmly with the Tallawahs, and the Knight Riders needed a good start to their innings. They didn’t get it. Pinch-hitter Sunil Narine fell without scoring, caught by Russell at mid-on off left-arm spinner Imad Wasim, before Chris Lyn was ran outto leave the run-chase in early disarray at 10 for two. The Power Play ended with Brendon McCullum carving Oshane Thomas to Steven Taylor at point. He made only eight, and the Knight Riders had limped to 28 for threein those first six overs. They were leaving themselves even more work to do in the remainder of the innings than the Tallawahs had earlier in the day, with the required rate reaching two a ball as early as the ninth over. Darren Bravo and Munro recovered the situation, though, before Dwayne Bravo and right at the very end Searles added the finishing touches to complete a thrilling victory. SUMMARIZED SCORED: Trinbago Knight Riders 184/6 (Munro 67, DM Bravo 50, DJ Bravo 36, Imad Wasim 2/17) beat Jamaica Tallawahs 182/5 (Phillips 80, Miller 72*, Pierre 2/19) by four wickets with 0 balls remaining. UPCOMING FIXTURES: Tuesday, August 21– St Lucia Stars v St Kitts & Nevis Patriots (6pm), Daren Sammy National Cricket Stadium Wednesday, August 22 – Jamaica Tallawahs v Barbados Tridents (6pm), Central Broward Regional Park, Lauderhill, Florida. For the latest news, download our app athttp://bit.ly/GetALoopJMfor Android; and athttp://bit.ly/GetiLoopJMfor IoS.

Hetmyer hit 100 off only 49 balls in the Guyana Amazon Warriors victory

Guyana Amazon Warriors rose to the top of the 2018 Caribbean Premier League with a 71-run win over Jamaica Tallawahs on Saturday at Central Broward Regional, Florida. Shimron Hetmyer scored his maiden T20 century with a 49-ball 100 as Warriors totalled 209 for 7. Imran Tahir and Chris Green bowled impressively to restrict the Tallawahs to 138 all out in 16.2 overs.