THE Bank of Jamaica (BOJ) said Monday that it does not expect recent salary increases to have a material impact on the inflation rate and stayed from signalling when it may start to reverse rates. Governor Richard Byles, however, mirrored language contained in Friday’s release from the monetary policy committee (MPC) which announced a continuation […]
The Bank of Jamaica, BOJ, on Friday said that it foresees inflation rising above the four to six per cent target range over the months of June to September 2023, data which fed into its decision to hold key interest rate steady at 7.0 per cent for the seventh consecutive period. Key interest rate, which […]
NRELIABLE technologies and a lack of confidence in the banking sector have been cited as the reasons Jamaicans are opting out of holding their funds digitally. Consumers and merchants alike, on a daily basis, have been complaining about the digital payment systems and banking sector that was created to help make conducting business easier, resulting […]
Sagicor published its first quarter results on Monday applying for the first time the new International Financial Reporting Standard (IFRS) 17 which replaces the old IFRS 4 standard. The change primarily affects the treatment of long-term insurance contracts of over one year, which are now a separate segment from short-term insurance contracts, replacing the previous […]
Business Rate hike pause continues BOJ sits tight as it expects inflation to exceed target again May 21, 2023 12:10 am 1 comment · Make a comment The BOJ on Friday held its key policy rate for a 5th-straight meeting of its monetary policy committee. THE Bank of Jamaica (BOJ) on Friday kept its key […]
ORVILLE Johnson was elected as the new chairman of the Jamaica Medical Foundation (JMF) at a meeting of the executives held at Insurance House in Kingston, recently. The JMF has been in operation since 1988 and is an outreach arm of the insurance industry which raises funds to give assistance to persons who have medical […]
ORVILLE Johnson was elected as the new chairman of the Jamaica Medical Foundation (JMF) at a meeting of the executives held at Insurance House in Kingston, recently. The JMF has been in operation since 1988 and is an outreach arm of the insurance industry which raises funds to give assistance to persons who have medical […]
IAJ INFORMATIVE 1ST QUARTER 2023 NEWS BULLETIN CLICK ON LINK BEL;OW IAJ 1ST QUARTER 2023 NEWS BULLETIN ADHYSTED MAY 16m 2023
SANIKA ROBERTS started her journey as an educator with a non-profit organisation in 2013 and then transitioned to the public education system four years ago. She smiled from ear to ear on Monday afternoon as she accepted a cheque for $100,000 from the Insurance Company of the West Indies (ICWI) for positively impacting the lives […]
THE SAFETY Net insurance policy launched two years ago to provide coverage for registered fisherfolk vessels, engines, and equipment has had zero uptakes, a representative from Advantage General Insurance Company, the entity that provided the insurance, has disclosed. According to the representative, who requested anonymity, the first of its kind policy, which was launched by […]
