Slight increases in the rate of inflation in the United States and Europe have triggered financial market anxieties: Has US President Joe Biden’s administration risked overheating the economy with its US$1.9-trillion rescue package and plans for...
Plans are back on track for Caribbean Assurance Brokers’, CAB, regional expansion, Chairman and CEO Raymond Walker says, after months of delay ascribed to COVID-19 travel restrictions. The brokerage is otherwise on track with its energy efficiency...
Airport food service provider Express Catering Limited, ECL, will open a series of new restaurants at Sangster International Airport in Montego Bay, for which US$4 million ($600 million) of financing was secured towards the end of last year. ECL’s...
Clients feeling short-changed when it comes to real estate valuations now have recourse through the newly formed disciplinary committee of the Real Estate Board of Jamaica, REB. The new committee started work in March on the insistence of Andrew...
The loan portfolio of Scotia Group Jamaica Limited dipped by nearly four per cent year on year. Personal loans are down, generally, but mortgages rose by 11 per cent at Jamaica's second largest banking group. Scotia Group's total loan portfolio...
El Salvador’s legislative assembly has approved legislation making the cryptocurrency bitcoin legal tender in the country, the first country to do so, just days after President Nayib Bukele made the proposal at a bitcoin conference. The digital...
SAN SALVADOR, El Salvador (AP) — El Salvador's Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the...
Investments, insurance and private pension funds regulator, the Financial Services Commission, FSC, is warning that more pension funds may fold from the adverse impact of the ongoing COVID-19 pandemic. In its recently released review of the...
The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades. In its latest Global...
The chief executive of the massive fuel pipeline hit by ransomware last month told senators on Tuesday that authorising a multimillion-dollar payment to hackers was the right thing to do to bring an end to fuel shortages affecting much of the...
Expect moderate inflation going forward due to low productivity and job losses, according to the staff working paper titled ‘Estimating Jamaica’s Potential Output’ from the Bank of Jamaica, BOJ. Even as employment numbers improve relative to 2020’s...
The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors. Administration officials said their goal is...
On June 5, the world’s leading economies, the Group of 7, announced an agreement that will bolster their ability to raise taxes on global corporations. The agreement still needs formal approval from a wider set of countries, and there remain many...
Marcus James, founder of microfinancing company Access Financial Services Limited, AFS, has assumed the role of executive chairman, while his prior job as CEO goes to Frederick Williams. The changes, which took effect on June 3, sees James...
• Half of the entertainment sector is “in bad shape”, according to CEO of Main Event Entertainment Group Solomon Sharpe, who is arguing for the authorities to find a way for “getting the entertainment ecosystem going” again, as guest presenter at...
Lasco, which trades in food items and other consumer goods, says consumers should brace for price increases over the coming months, but like one of its largest competitors, Grace Foods, adds that it’s trying to keep price hikes at a minimum by...
Under the new microcredit regime, operators of microfinance companies will have to disclose their beneficial ownership. Anti-money laundering, or AML, rules define beneficial ownership to include any individual who exercises ‘substantial control’...
The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday with a mixed performance. Heavy trading ended with an advance/decline ratio of 47/42. The JSE Combined Index advanced by 423.89 points or 0.10 per cent to close at 426,365.27 The JSE...
El Salvador President Nayib Bukele will send proposed legislation to the country’s congress this week that would make bitcoin cryptocurrency legal tender in the Central American nation, he announced in a recorded message played at a bitcoin...
Retirement is a life-changing experience, but how the retiree copes is up to each person. It can be frightening and stressful, but it can also be rewarding and fun. Ultimately, preparation is the key. We will spend some time looking at how...
QUESTION: Can you please write about how to make family and so-called friends support your business in a real way? The problem I have is that everyone wants big discounts or even wants me to work for free. Right now, this is causing friction...
Last Tuesday’s Gleaner headline, ‘Ransomware attack on world’s largest meat producer disrupts global production’, strengthens the case for this article and cyber risk insurance. Which insurance companies in Jamaica offer cyber risk insurance...
Just over a week ago, Argentina’s Health Minister Carla Vizzotti, and her Cuban counterpart, Dr José Angel Portal, signed a letter of intent that may lead to the joint production in Argentina of some of the vaccines Cuba has developed against COVID...
