MORTGAGES for properties used for short-term rentals such as Airbnb are causing “increasing concern” for the Bank of Jamaica (BOJ) as they show heightened levels of delinquency when compared to the rest of the mortgage market. Still the central bank indicated that the overall mortgage market remains robust, with increasing property prices “underscored by economic […]
Persons planning for financial wellness should consider various life insurance products currently on the market that will assist in their own care, or even provide coverage for their final expenses in the event of an early death, says Othneil Blagrove, senior manager of sales at JN Life Insurance. Insurance products are important to an economy, […]
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THE CARIBBEAN Hotel and Tourism Association (CHTA) says international arrivals to the Caribbean for the first two months this year are behind by only one per cent when compared to the same period in 2019. The CHTA said, in contrast, Europe is registering a 25 per cent lag while Asia-Pacific is 54 per cent behind. […]
DESPITE RAKING in record premiums for the financial year ended December 2022, Junior Market-listed insurance company IronRock only managed less than a half of the profit earned in 2021. Gross premiums written (GPW) was just over $1.1 billion; $223 million or 25.31 per cent more than the nearly $881 million for 2021. After ceding reinsurance […]
he following is an edited version of a presentation by Dr Wayne Robinson, senior deputy governor of the Bank of Jamaica to the inaugural Macroeconometric Caribbean Conference organised by the Central Bank of The Bahamas and the Centre for Applied Economics and Policy Research, Indiana University, held in Nassau, The Bahamas, February 9-10, 2023] THE […]
The Consumer Affairs Commission (CAC) is encouraging Jamaicans to do regular checks with credit bureaus to ensure that the information on file is accurate. A credit bureau is an agency which collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies. It provides comprehensive consumer credit information […]
JP Farms, the agricultural subsidiary of Jamaica Producers Group, has shipped some 3,000 dry coconuts to Connecticut, United States, which are scheduled to arrive this week. According to the company the shipment, which also includes Jamaica-grown green bananas, “marks a significant milestone for the conglomerate”. While JP Farms has sold its coconuts to local distributors […]
WASHINGTON (AP) — The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month, and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse. “SVB’s failure is a textbook case of […]
WESTERN BUREAU: Motorcyclists in Hanover, a region consistently featured in the top three parishes in fatal crashes involving motorcycles, were the recipients of the 11th staging of the National Road Safety Council’s (NRSC) Motorcycle Outreach and Training Programme, which was staged at the Green Island High School on Sunday. Courtney Coubrie, the course presenter for […]
