PM Holness defends financial sector; urges citizens not to be influenced by rumours

Prime Minister Andrew Holness is urging citizens not to allow rumours being circulated in the public sphere, to influence their confidence in Jamaica’s financial sector.


This, in the wake of a multi-million-dollar fraud at Stocks and Securities Limited (SSL), which saw several people, including renowned Jamaican athlete Usain Bolt, and some elderly investors being impacted.


Speaking at the launch of the German ship repair shipyard project in Harbour View, Kingston, today (January 24), the Prime Minister noted that there has been a lot of speculation surrounding the financial sector in recent days.


He urged citizens to seek information from credible sources.



The Prime Minister said financial markets depend on information and if the actors in the market are consuming false information, they will make wrong decisions.


He added that Jamaica’s banking sector remains strong despite the misinformation being circulated.



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