Growth & Jobs | Life insurance can be a springboard to generational wealth
Life insurance can be a springboard to generational wealth because it provides coverage against major illnesses and can be used to protect a family’s income in the event of the death of a breadwinner, explains Othneil Blagrove, senior manager for sales and marketing at JN Life Insurance Company. The insurance manager explained that there are […]
BOJ holds rate again
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Growth & Jobs | Drone technology – a major innovation for the agricultural sector
The Agriculture and Fisheries Ministry is on a mission to revolutionise the sector through efficiency and sustainability and change the way Jamaicans view and approach farming. Against this background, the ministry’s latest investment, through the Rural Agricultural Development Authority (RADA), includes the procurement of two agri-spray drones to provide much-needed relief to farmers in irrigating […]
Jamaican economy grew by 3.4% in December quarter
The Jamaican economy grew by 3.4 per cent in the October to December quarter of 2022 compared to the last quarter of 2021, according to preliminary estimates released today by the Planning Institute of Jamaica (PIOJ). PIOJ director general Dr Wayne Henry said industries returning to surpassing pre-COVID levels and increased alumina production were among […]
CIB grows coconut farming beyond eastern Jamaica
Shaun Cameron (second right, standing), general manager, Coconut Industry Board, addressing stakeholders at the Coconut Growers’ Association in August 2022. (Photo: Karl Mclarty) FACED with the ever-present threat of the lethal yellowing and bud rot diseases which have depleted the coconut stock in Jamaica, the Coconut Industry Board (CIB) is seeking to expand the coconut-growing […]
Prenup as a financial plan
JAMAICANS are being urged to consider a prenuptial agreement as a financial safety net in light of climbing divorce rates. In 2021 figures from the Court Administration Division revealed that 4,381 divorces were filed. That’s a 18.7 per cent jump from 3,689 the previous year. There are many factors that lead to divorces, and money […]
Advertorial | 12 Tax Tips for Filing Income Tax Returns
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IMF to provide technical support for twin-peaks, says SSL impact limited
he International Monetary Fund, IMF, sees no systemic impact arising from the alleged fraud at Stocks & Securities Limited. “The fraud highlighted weak risk management practices in the company – SSL – which holds assets of about US$120 million, or 0.8 per cent of the assets of the non-bank financial system. The alleged fraud reportedly […]
Caribbean eyes Africa for tourism growth
THE exploration of an African-Caribbean tourism trade mechanism is among several opportunities being considered at the Global Tourism Resilience Conference, which Prime Minister Andrew Holness says is essential in boosting the growth of the sector. Holness was addressing the opening ceremony of the conference at the Regional Headquarters of The University of the West Indies, […]
Lee-Chin selling yacht
The Ahpo superyacht has been listed for sale at US$355 million. (Photo: Luxury Launches) Michael Lee-Chin is selling his Ahpo superyacht for US$355 million ($55.03 billion) as the Jamaican-Canadian billionaire continues to offload more of his assets. The 377.6-foot superyacht was delivered in December 2021 after being built by German shipbuilder Lürssen. According to luxurylaunches.com, […]