The central bank, in its 2018 report tabled last week, says the island’s 11 deposit-taking institutions which it currently supervises, including two building societies, eight commercial banks and one merchant bank, made more money from foreign...
Playa Resorts reported profit for its December 2018 year end which reversed losses a year earlier, but the stock still trades below the price at the time it acquired all-inclusive properties owned by Sagicor in Jamaica. Playa’s stock received some...
Britain’s Brexit Secretary Stephen Barclay has put down a motion to have Parliament sit on Friday – the clearest sign yet the government plans to bring Theresa May’s European Union (EU) divorce deal back for a third vote. Lawmakers in the House of...
European Union (EU) lawmakers approved a copyright directive Tuesday to give writers and artists more protection of their creative rights and incomes, an intensely contentious measure that could have major transatlantic implications for American...
WASHINGTON (AP): The United States (US) Supreme Court said Monday that it won’t step in to referee a copyright dispute between Nike and a photographer who took a well-known image of basketball great Michael Jordan. That means lower court rulings...
Nine Caribbean Community (CARICOM) countries have signed a trade continuity agreement with the United Kingdom that will allow them to trade as they do now without any additional barriers or tariffs. Trade Policy Minister, George Hollingbery signed...
Pilots of the cash-strapped regional airline, LIAT, have rejected a call for them to take a salary cut as the Antigua-based airline seeks to reverse its financial situation. President of the Leeward Islands Airline Pilots Association (LIAPA), Carl...
Barbados Prime Minister Mia Mottley has reiterated that while Barbados welcomes the Jamaica-based Sandals Resort International (SRI) Beaches project, “it can’t be at any price.” Winding up debate on the 2019/2020 debate in Parliament on Monday...
Junior market listed company Paramount Trading is seeking to raise $300 million in a new issue of preference shares as it moves to put the finishing touches on an expansion programme which will put the company in a position to offer new products...
Northern Ireland’s Democratic Unionist Party says it won’t be bullied into backing Prime Minister Theresa May’s “toxic” European Union divorce deal, increasing the odds against the agreement getting passed in Parliament. The party’s Brexit...
Regional head of the Inter-American Development Bank, IDB, in charge of Latin America and the Caribbean Therese Turner-Jones, is holding up the European country of Estonia as a model for Jamaica, insisting that greater investment in technology and...
The European Commission has ignored United States (US) calls to ban Chinese tech supplier Huawei as it announced a series of new cybersecurity recommendations for next-generation mobile networks. In its guidance for the roll-out of ultra fast fifth...
With the date and terms of Britain’s departure from the European Union (EU) mired in uncertainty, Parliament has seized control of the political process so lawmakers can try to hammer out a way forward. Meanwhile, Prime Minister Theresa May still...
Homebuyers will pay lower government fees but not necessarily receive lower-priced homes as a result of the Government’s slashing of transfer and stamp duties, say experts. Developers and sellers will eventually price these saving into the cost of...
Third-quarter revenue at the Jamaica Broilers Group (JBG) grew by double-digits but costs contained profits to single-digit growth. Earnings per share totalled 73 cents for the quarter ending January 2019 versus $61 cents a year earlier. The group...
Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact...
Britain has just a few weeks to break its Brexit impasse, with the fate of the country’s departure from the European Union, and of Prime Minister Theresa May, both hanging in the balance. Here’s a look at what might happen next: DEAL OR NO DEAL...
Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week...
ADVISORY COLUMN: INSURANCE HELPLINE Reports in this newspaper spaced almost 10 years apart record an ongoing debate about whether epileptics are fit to drive. Those arguing for include the Jamaica Epilepsy Association. Road safety officials in the...
COLUMN: CARIBBEAN FOREIGN POLICY It is probably without precedent for a major Caribbean industry to declare that unless Caricom’s Common External Tariff, the CET, is properly enforced, the livelihoods of hundreds of thousands of rural and other...
ADVISORY COLUMN: PRODUCTIVITY Why do some executives resist making long-term plans for their business? The hidden secret is a deep fear of failure, but there’s a way to be confident about the top team’s quality of visionary thinking. Vague...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I have a friend in Jamaica right now looking to get a mortgage. Can you help or send him in the right direction? – Keith FINANCIAL ADVISER: The main mortgage lending institutions in Jamaica...
Jamaican Teas Limited has hived off its investment portfolio, inclusive of the KIW International holdings, into a new subsidiary that is to be listed on the stock market. Jamaican Teas chairman John Jackson says the preparations are ongoing for an...
Barita Investments Limited will enter the investment banking market, a move meant to shore up revenues that are pressured by falling interest rates. “It is a new line of fee income business that is not traditional at Barita. We want to bring that...
