The Jamaican dollar revalued by two cents against the US dollar duringThursday’s trading day, according to theBank of Jamaica (BOJ). The dollar closed at $128.33 from $128.35 on the prior trading day. Two months prior, the dollar hit an all-time low but pulled back. The British PoundSterling closed at $167.83 from $166.99, while the Canadian dollar closed at $103.14 from $102.01.

The price of Caribbean Cream (Kremi) totally melted to lead fluctuations in Thursday’strading of the Jamaica Stock Exchange (JSE). Kremi declined over 24 per cent to $5.00 on the day. It followed less than yummy results earlier in the week. Top advancing stocks included Seprod Limited (SEP), up 12.93 per cent to close at $29.95, followed by Pulse Investments Limited, (PULS) up 12.50 per cent to close at $2.25. The JSE Combined Index declined by 272.09 points ( 0.11 per cent) to close at 244,914.27. The JSE Index declined by 69.15 points ( 0.03 per cent) to close at 231,560.32. The Junior Market Index declined by 19.82 points (0.67 per cent) to close at 2,941.23. Overall Market activity resulted from trading in 48 stocks of which 21 advanced, 19 declined and 8 traded firm. Market volume amounted to 2,085,211 units valued at over $38.7 million. Proven Investments Limited USD was the volume leader with 930,313 units followed by Proven Investments Limited JMD with 300,000 units and Jetcon Corporation Limited with 266,595 units.


Tony Matterhorn (left) makes a point to someone (not pictured) as he collects his winning cheque after the Heavyweight Sound Clash at Pier One on Friday morning.

Perhaps it was a case of ‘he who laughs last, laughs the loudest’ at the end of the Heavyweight Sound Clash at the Pier One entertainment centre in Montego Bay on Friday morning. Tony Matterhorn, the butt of jokes made by his sound system rivals and others throughout the contest, walked away with the $500,000 winning prize and shut up his detractors with a thought-provoking message. “I will continue to take care of the child because I am a father,” Matterhorn said to applause in approval by the crowd. The ace dancehall selector was being teased, as he has been for the last several weeks since the news broke, over the revelation that a young girl he thought was his biological child was in fact not fathered by him. Almost everyone who touched the mic at the sound clash ridiculed him about his “jacket" baby. It was No Limit selector Callum who first took a swipe at Matterhorn. With a burial song on the turntable, a voice read the ‘eulogy’ of the other sound systems in the clash, and for Matterhorn's, it said, he "died leaving behind his jacket". Likkle Shabba of Soul Supreme jokingly said that Matterhorn cried after learning via paternity test that he wasn’t the child’s father, and asked members of the audience to console him. Clearly having had enough, Matterhorn addressed the issue in the third round. He advised those ridiculing him to "come offa mi name now", then dropped Gregory Issac's Off A Mi Fender to ‘forwards’ from the crowd. Even while collecting his prize for winning the event, Matterhorn came under scrutiny over the child. But he stood tall at the end, owning up to the situation while vowing that he would continue to be a good father and keep taking care of the child.

Desem (left) of Yard Beat looks dejected after the sound system's elimination from the Sound Clash. Also pictured is his partner Matta. (Photo: Marlon Reid).

Japanese sound system Yard Beat and Germany’s Warrior Sound left Reggae Sumfest’s Heavyweight Sound Clash at Pier One in Montego Bay angered over what they claimed were biased decisions, by the panel of judges, which led to their elimination from the competition. Yard Beat was initially eliminated at the end of the second round for playing Shabba Ranks, Home T and Cocoa Tea's Pirate Anthem, which according to judge Colin Hinds was outside the request for collaborations from the 1990s. The Yard Beat trio of Desem, Massa and Vito, along with their supporters, were livid at the decision particularly because eventual winner Tony Matterhorn had allegedly committed the same violation earlier, when he played an Assassin song from 2002, but was not disqualified. “Dem bias fi Matterhorn...and fight against Japanese sound!” one supporter shouted, in between expletives. However, the Japanese sound system was reinstated late into the third round after it was confirmed that Matterhorn had indeed also violated the rules with his Assassin song. Rubenstruck... This is a joke The allegations of favourtism towards Matterhorn were further fueled at the end of the third round after Warrior Sound was eliminated, allegedly for playing a song with an expletive, which had been forbidden by judges on the request of sponsors. Matterhorn had earlier played a song with a curse word but that apparent violation was also left unpunished. “There was one word I broke the rules with but every other sound broke the rules at least once tonight… and I get eliminated,” Warrior Sound selector Mattia Rubenstruck argued in an interview with Loop News’ reporter Job Nelson. Rubenstruck added, “This is a joke! I have no other word for this.” It became even more controversial at the end of the fourth round, when the judges eliminated Yard Beat after consulting with the crowd, who in the eyes of many had appeared to have favoured the Japanese sound to advance to the final round. The announcement of Yard Beat’s elimination was met with boos by the crowd, some also walking out of the venue. “You saw the response of the crowd to our tune? How we get drop out?!” an incensed Yard Beat selector told Loop News after the elimination. “These judges don’t know tune… you have to listen what the people say!” Matterhorn would go on to easily beat Soul Supreme and selector Likkle Shabba to win the Sumfest champion sound belt and $500,000.


Jamaica Olympic Association (JOA) director, Yvonne Kong was this morning officially served with the injunction secured by Attorney at Law, Alexis Robinson directing the JOA to allow Jesse Marsh and Emily MacDonald to swim at the Commonwealth Youth Games presently being held in the Bahamas. However, up to the start of the meet on FridayJMarsh and MacDonald were prevented from swimming. The Honourable Justice Kissock Laing on Thursdaygranted an order compelling the JOA to allow the swimmers to participate in the meet. Up to news time Marsh and MacDonald wereat the Betty Kelly-Kenning Acquatic Center in the Bahamas ready to represent Jamaica and hoping that they will be deemed eligible to swim.

Global Sprint star Usain Bolt.

Global sprint star Usain Bolt will head to the IAAF World Championships next month on the back of victory in the 100 metres at the Diamond League meeting in Monaco on Friday. The reigning Olympic champion clocked a season's best time of 9.95 seconds - sub-10 seconds being his target heading into the race - beating Isiah Young and Akani Simbine to first place in the standout event at the Stade Louis II. After a slow start, Bolt pulled away from the rest of the field to bow out of the Diamond League in victorious fashion. Having struggled with a back injury this season, Friday's win will be a boost for the Jamaican ahead of the World Championships, where he will come up against upcoming star Andre De Grasse – the Canadian's camp claiming he was not competing in Friday's race due to a request from Bolt, whose team denied the accusation. The Monaco meetingis the final IAAF Diamond League fixture before the IAAF World Championships London 2017. The World Championships take place from August 4-13. The men's 100m final will take place on Saturday, August 5while the men's 4x100m relay race - which will mark the end of Bolt's career - takes place on the following Saturday.


Events

"2017-05-16","2017-07-16","2017-07-17","2017-07-18","2017-07-19","2017-07-20","2017-07-21","2017-07-22","2017-05-20","2017-05-13","2017-05-03","2017-07-26","2017-07-23","2017-07-24","2017-07-25","2017-07-27","2017-07-28","2017-07-29","2017-07-30","2017-07-31","2017-08-01","2017-08-02","2017-08-03","2017-08-04","2017-08-05","2017-08-06","2017-08-07","2017-08-08","2017-08-09","2017-08-10","2017-08-11","2017-08-12","2017-08-13","2017-08-14","2017-08-15","2017-08-16","2017-08-17","2017-08-18","2017-08-19","2017-08-20","2017-08-21","2017-08-22","2017-08-23","2017-08-24"
Spectr News Theme
July 18, 2017

DRONE SUMMER PROGRAM

To all our Drone enthusiasts, hobbyists, newbies and pilots alike, we will be hosting a series of Drone Summer Programs in July and August. Join us for 3 days of training in flying skills and safety from professional drone pilots Register now to secure your spot today! https://goo.gl/forms/nMU8CA9Yo1mttAaZ2

Spectr News Theme
July 16, 2017

Reggae Sumfest

Reggae Sumfest event kicks off on Sunday, July 16 with a beach party and moves into the Sumfest Sunset Yacht Party on Monday, July 17. The staple All-White Party at Pier One happens on Tuesday, July 18, followed by Sumfest Blitz on Wednesday, July 19. On Thursday, July 20, Pier One will play host to the exciting Sumfest Heavyweight Clash then culminates at Catherine Hall on Friday, July 21 and Saturday, July 22 with the pulsating rhythms of music and Jamaican culture.

Spectr News Theme
July 26, 2017

Keep Growing Young Professionals Conference

Challenging & inspiring young professionals to embrace their individuality, creatively contribute and take full responsibility to create amazing things. The event will be hosted by Krystal Tomlinson and features a host of powerful speakers who will explore the theme of "Building Your Personal Brand"