Caribbean Cream (Kremi), tTech Limited and KLE Group led double-digit gains during Wednesday’s trading of the Jamaica Stock Exchange (JSE). Kremi gained 21.2 per cent to close at $2.80, followed by tTech up 17.7 per cent to $4.25, and KLE Group up 17.2 per cent to close at $1.70. Leading declines were Derrimon Trading preference shares down 15.2 per cent to $1.40 and Sterling Investments down 8.0 per cent to US$0.02. The JSE Combined Index advanced by 4,608.84 points (1.20 per cent) to close at 390,224.75. The JSE Index advanced by 4,975.85 points (1.28 per cent) to close at 393,629.79. The Junior Market Index advanced by 3.06 points (0.12 per cent) to close at 2,607.42. The JSE USD Equities Index declined by 0.18 points (0.09 per cent) to close at 204.63. The JSE Financial Index advanced by 1.02 points (0.96 per cent) to close at 107.63 and the JSE Manufacturing & Distribution Index advanced by 1.17 points (1.58 per cent) to close at 75.40. Overall market activity resulted from trading in84stocks of which37advanced,31declined and16traded firm. Market volume amounted to26.2 millionunits valued at over$126 million.Transjamaican Highway Limitedwas the volume leader with10.35 million units(39.5 per cent)followed by Wigton Windfarm with3.0 million units(11.5 per cent)andSagicor Select Funds Financialwith2.59 million units(9.9 per cent).

Commercial banks in Jamaica now hold deposits of $1.07 trillion, Bank of Jamaica (BOJ) 2019 data reveal. This is an increase from the $977 billion the year before. The data was published by the Bank of Jamaica this April, based on unaudited submissions by the finance houses. Nearly half the amount of savings is in a foreign currency. Deposits in foreign exchange accounts at the end of the year amounted to $409 billion. The banks’ total liabilities, including deposits, were $1.44 trillion at year-end 2019. It is $237.46 billion less than assets. All eight commercial banks grew assets to $1.65 trillion at year-end December 2019, up 14.5 per cent over 2018 when assets were $1.46 trillion in total. The commercial banks supervised by the BOJ are the Bank of Nova Scotia (BNS), National Commercial Bank (NCB), JMMB Commercial Bank (JMMB Bank), Citibank (CBNA), Jamaica National Commercial Bank (JN Bank), First Caribbean International Bank (FCIB), First Global Bank (FGB) and Sagicor Bank (SBJ). NCB remains the island’s largest bank with $610 billion in assets, according to the BOJ data. In second place is BNS with $426.3 billion in assets followed by JN Bank with $185 billion. The bank that holds the position of fourth largest is Sagicor Bank with $149 billion in assets. In fifth place is FCIB with $111.49 billion in assets. Taking sixth place is JMMB Bank with $75.33 billion in assets. In seventh place is First Global Bank with $61.14 billion in assets. In the eighth place is Citibank with $22.79 billion in assets as at December 31, 2019. Total capital held by the commercial banks was $237.44 billion at December 2019. Loans and advances for all commercial banks increased to $827 billion, 15 per cent to compared to $716.83 at year-end 2018.


Dexta Daps

Popular dancehall artiste, Dexta Daps, is soon to be questioned by detectives about gang activities in Seaview Gardens and neighbouring communities within the St Andrew South Police Division. Loop News understands that the artiste's management team has approached attorney Peter Champagnie QC for representation in the matter. On Wednesday a video of the 'Morning Love’ singer's arrest surfaced on social media. The video showed a throng of residents of a section of Seaview Gardens, the artiste’s old stomping ground, following behind the cops as they led the entertainer to a waiting jeep in which other men from the community were already in custody. Senior Superintendent of Police (SSP) Stephanie Lindsay, head of the Jamaica Constabulary Force's (JCF) Corporate Communications Unit (CCU), told Loop News that the singer was held in relation to an ongoing investigation into gang-related activities in the police division. "He is in police custody because of an investigation into criminal gang activities in Seaview Gardens and surrounding areas. The police have been doing their investigation for awhile, and the police have reached a point in their investigation where they have taken him and several other men into custody. I can't say much more because the investigation is at a sensitive stage," Lindsay told Loop News. The entertainer is being held at the Hunt’s Bay Police Station. Wednesday’s development was not the singer's first brush with the law. On April 27, 2015, Dexta Daps, whose given name is Louis Grandison, was charged after an altercation with a group of police officers at the Sangster Airport in Montego Bay, St James. Then also, videos of the incident went viral on social media. He was charged with assault occasioning bodily harm, resisting arrest and using indecent language, but was freed of all the charges in November of the same year.

Dexta Daps

Popular dancehall artiste Dexta Daps has been arrested. The details surrounding his arrest are sketchy but a video of the 'Morning Love’ singer's arrest surfaced on social media on Wednesday evening. The video shows a throng of residents following behind the cops as they lead him to a waiting jeep. The video appears to have been shotin the singer's Seaview Gardens, St Andrew stomping grounds. Senior Superintendent of Police (SSP) Stephanie Lindsay, head of the Jamaica Constabulary Force's Corporate Communications Unit (CCU), confirmed to Loop News that the singer had been held but the details of his arrest had not yet been established. "We will know the circumstancessurrounding his arrest in a few," she told Loop News. The entertainer is being held at the Hunt’s Bay police station. Loop News understands that the artiste has approached Queen's Counsel Peter Champagnie for representationin the matter. This is not the singer's first brush with the law. In 2015, Dexta Daps, whose given name is Louis Grandison, was charged following a scuffleat the Sangster International Airportwith a group of police officers, videos of which went viral on social media. He was charged with assault occasioning grevious bodily harm, resisting arrest, and using indecent language. He was later freed of all charges in November 2015.


Los Angeles Lakers vice-president of basketball operations and general manager Rob Pelinka.

Los Angeles Lakers vice-president of basketball operations and general manager Rob Pelinka said the team is staying connected and fit via virtual workouts amid the coronavirus pandemic. The NBA, like many sports around the world, has been postponed due to COVID-19, which has killed more than 88,200 people globally, with over 1,508,500 confirmed cases. It remains to be seen when and if the 2019-20 NBA season – which was suspended last month – will resume amid the coronavirus crisis. NBA commissioner Adam Silver said the league will not be able to make any decisions regarding the season until at least May. In the meantime, LeBron James and the Lakers – who were top of the Western Conference prior to the postponement – remain close while social distancing. "For the guys, we work hard with our strength and conditioning staff to make sure they have fitness bundles delivered to them where we can do Zoom workouts," Pelinka told reporters on a conference call on Wednesday. "This is a team that just loved being together whether it was on the bench, on the bus, in the locker room. These guys just have a great chemistry of being together. "So they've tried to stay as connected as possible in the ways they can, working out together virtually." Pelinka added: "I think all of us right now have to live with hope, and we have to live with faith and trust and courage and those attributes because it's a really, really hard and dark time for the world. "And so I'm going to choose to fix most of my thoughts on that we will have a chance to finish the season. I think that would be a great thing for us. "But we also know that this situation is so much bigger than basketball. The reason I have that hope is not for personal accomplishment. Just, it's more that I think it could be the best thing for the world, going back to that Nelson Mandela quote: I think sports can really be powerful." Only the NBA-leading Milwaukee Bucks (53-12) had a better record than the Lakers (49-14) at the time of the league shutting down on March 11 and Pelinka said: "It's almost like I look at our season like a series of tests and we got a lot of As. And we got some A-pluses and some A-minuses. And I think there has been a lot of success in that. "We haven't had the chance to take a final exam yet. But that doesn't mean we're not going to celebrate the As that we've gotten so far."

German Football League chief executive Christian Seifert.

The Bundesliga is aiming to resume in early May with games behind closed doors,German Football League (DFL) chief executive Christian Seifert has revealed. Germany's top two divisions have been suspended until April 30 due to the coronavirus pandemic. According to the John Hopkins University, the country has had over 110,000cases of COVID-19 infection – the fourth-most in Europe – with more than 2,100 deaths. Seifert confirmed to the New York Times plans are being put in place for the Bundesliga to restart with spectator-free matches next month. "We are part of the culture in the country, people long to get back a short piece of normal life, and that could mean the Bundesliga plays again," Seifert said. "This is why we have to play our role here, and that means to support the government and to talk with the government about when we will be able to play again. "The sooner we are finished, the more flexibility we can provide to the European football landscape." Seifert also suggested that cancelling the season could put five Bundesliga clubs in serious financial trouble, while half the teams in the second tier would be"very much in danger to file for bankruptcy". Bayern Munich chief executive Herbert Hainer said he expects thepandemic to lead to a significant reduction in transfer fees. Seifert believes a full collapse is on the cards. "In the short term, I would say the transfer market this summer will not exist, it will collapse," he said. "Some agents will suddenly understand that they will have to work hard, or at least work; some leagues will understand that money is nothing that is coming automatically every month from heaven."