JAMAICANS seeking to build intergenerational wealth can do so with the help of life insurance, according to Matthew Fisher, financial advisor at Sagicor Life Insurance Company. “Having some insurance is always better than having none,” Fisher outlined as he shared a desire for Jamaicans to be more aware of how life insurance can be one […]
WITNESSING an 11 per cent uptick in the number of companies incorporated last year, the Companies Office of Jamaica (COJ) said it is encouraged by the growing list of entrepreneurs who have been moving to secure formality for their businesses. Data from the entity show that in 2022 some 5,412 new limited liability companies were […]
CO-CHAIRMAN of the Economic Programme Oversight Committee (EPOC) Keith Duncan is calling on the Government to review the 9 per cent wage-to-GDP (gross domestic product) ratio that was set in the fiscal rules 10 years ago with projections that the target which has been breached for the last few years will continue to be breached […]
JAMAICA’S AGEING population is increasing, and its growth may have implications for pensions and social welfare policy. According to the Statistical Institute of Jamaica, the population of people age 65 and over increased from 11.3 per cent in 2011 to 11.9 per cent in 2013, and is expected to be greater than 20 per cent […]
ugo, which opened its Kingston leg in January 2021, operated in the capital city and Portmore. On April 30, the service delivery app Hugo will cease its operations in Jamaica. A termination memo sent last week revealed that, based on its acquisition by German giant Delivery Hero, it would close its doors. A sad state […]
The continued rebound of the tourism and hospitality sector has led Sagicor Real Estate X Fund Limited to increase revenues to $7.1 billion during it 2022 financial year — 23 per cent above the prior year. The company in a year-end report said that the solid performance continues to be driven by its core hotel […]
British Caribbean Insurance Company Limited (BCIC) has promoted Garth Rowe, formerly general manager – finance, to the newly created role of chief strategy officer effective March 13. Rowe is a highly accomplished financial executive with over three decades of experience in corporate finance and accounting. He has served as the general manager – finance, at […]
The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023. In its annual macroeconomic report released during the annual Board of Governors meeting in Panama, the IDB said it is also […]
The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal. The refinery is majority owned by Noble Group Holding Limited, NGHL, which is based in Hong Kong. “NGHL has announced that it has entered into a call option deed to transfer its entire […]
Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global financial system. Shares of […]
