As Jamaica waits for an upgrade in its status as a potential hotspot for money laundering and terrorism financing, the senior legal counsel at the Bank of Jamaica, BOJ, is warning of possible sanctions. Celeste McCalla says Jamaica, which is...
NCB Financial Group shares traded sideways, within a stable range, on Friday as the market had already priced in expectations of the lacklustre full-year results reported by the top bank ahead of the weekend. The NCBFG stock began the week at $133....
The National Housing Trust, NHT, is estimating that it will forego some $418 million in loan repayments for this fiscal year ending March 2021 from the special measures implemented since April to assist persons who have fallen into financial...
Do you have the challenge of persuading an audience in either a speech or the written word? Here’s a useful outline I have adapted for use in the background of my talks and articles, including this one. Psychologists tell us that when people are...
Imagine a world where you move around in your own personal sound bubble. You listen to your favourite tunes, play loud computer games, watch a movie, or get navigation directions in your car – all without disturbing those around you. That is the...
The Jamaica Stock Exchange (JSE) Combined Index closed Friday on a losing note, with an advance/decline ratio of 27/39. The JSE Combined Index declined by 1247.49 points or 0.33 per cent to close at 374,875.40 The JSE Main Market Index was down...
White-collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new report. In its report on how to rebuild the economy after...
Three of the globe’s top central bankers said the economy continues to need help despite progress toward a COVID-19 vaccine, with United States Federal Reserve Chair Jerome Powell saying that the US Congress “may have to do more” to cushion the...
A month after acquiring drinks manufacturer Jamaica Beverages, Trade Winds Citrus has entered the milk market with a protein shake under the brand name Tru-Shake. The product released last week will compete against the imported brand Ensure. Trade...
FosRich Company, the sole maker of PVC pipes in Jamaica, is about to add a new production line in order to keep up with demand. The plant, which is less than two years old, has seen a 240 per cent spike in sales in the past nine months amid the...
Insurance behemoth Sagicor Group Jamaica is celebrating a big third-quarter profit rally which has tempered two previous quarters of sizeable profit declines linked to the COVID-19 economic fallout, which threatens the financial conglomerate’s 20-...
India’s finance minister on Thursday announced a US$35.14-billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture and exports hit by the coronavirus pandemic. Nirmala Sitharaman said the package...
Plans for the upgrading of JMMB Group’s Moneyline platform across the three countries in which it operates are still on the cards, but right now the focus is on resolving a thorny technical problem that has hobbled the banking side of the platform...
Brandon Contreras represents the worst fears of the lucrative business travel industry. A partner account executive at an American tech firm, Contreras was used to travelling frequently for his company. But nine months into the pandemic, he and...
Alliance Financial Services says it will fully automate its ePay card to allow customers to load their remittances automatically without going into its offices or calling its agents. The move should spur more activity on the card, which is already...
The Jamaica Stock Exchange (JSE) Combined Index closed Thursday regained lost ground, with an advance/decline ratio of 33/31. The JSE Combined Index advanced by 2385.20 points or 0.64 per cent to close at 376,122.89. The JSE Main Market Index was...
Apple is rolling out new Mac computers powered by the same kind of chips that run iPhones and iPads, a move aimed at making it easier for its most popular products to work together. For instance, Macs using the new chips will be able to run the...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday losing ground, with an advance/decline ratio of 33/39. The JSE Combined Index declined by 269.86 points or 0.07 per cent to close at 373,737.69. The JSE Main Market Index was down 21....
Published:Wednesday | November 11, 2020 | 12:14 AM
New regulatory guidelines will allow pension funds to double their US dollar-denominated assets by next year, but industry insiders say it may might lead to a reduction in portfolio holdings for some. That’s because some funds already hold more...
The preliminary designs for the residences that will cut Pulse’s pathway into the residential real estate market are ready, and March is being targeted as the date to begin construction. Pulse Homes is one end of a two-part project that modelling...
After nearly years spent buying up betting rivals, Supreme Ventures Limited, SVL, has turned to the debt market for capital to pay the bill. The $3 billion it just raised via a bond placement will be booked in the fourth quarter ending December,...
Published:Wednesday | November 11, 2020 | 12:10 AM
The European Union imposed tariffs on up to US$4 billion worth of United States goods and services on Tuesday over illegal aid for plane maker Boeing – but expressed hope that trade ties would improve once Donald Trump leaves office. European trade...
Published:Wednesday | November 11, 2020 | 12:09 AM
European Union regulators have filed antitrust charges against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using its platform. The EU’s executive commission, the bloc’s top antitrust enforcer, said...
Published:Wednesday | November 11, 2020 | 12:09 AM
The British government insisted Tuesday it will press ahead with legislation that breaks a legally binding Brexit treaty with the European Union, despite a resounding rejection of the bill by the upper house of Parliament. The House of Lords voted...
