THE Jamaica Securities Dealers Association (JSDA) says it is preparing to learn from the issues which led to the multi-billion-dollar fraud at Stocks and Securities Limited (SSL), saying the incident is “very unfortunate and doesn’t reflect the industry on a whole”. The association added that its members are keen to implement measures to strengthen the […]
Caribbean countries averaged growth of 10.3 per cent last year, compared to 4.5 per cent in 2021, the Caribbean Development Bank reported on Wednesday. Its forecast for this year is growth of 5.7 per cent. CDB Vice-President of Operations Isaac Solomon said at the bank’s annual news conference that regional growth was largely underpinned by […]
The Jamaica Constabulary Force (JCF) has been equipped with 750 handsets and 750 printers to boost its capacity and efficiency to handle road traffic offences. The Traffic Ticket Management System (TTMS), or e-ticketing portal, was piloted last year between January and March. In his remarks, Commissioner of Police Major General Antony Anderson shared that some […]
Dealing with teenage girls who are ignorant about their menstrual cycle, such as when it is likely to occur and how to cope with it, is almost an everyday occurrence for school nurse Jessica Leslie, who works at Kingston High School on King Street, Kingston. She shared with The Gleaner on Wednesday that in addition […]
Business leaders, in response to fluctuating confidence indices, expressed caution and optimism for 2023. They expect the economy to slow, but not to the degree where it falls into recession. Confidence rose 1.8 per cent for consumers, but dipped 1.8 percent for businesses in the December 2022 fourth quarter, compared to the third quarter. Businesses […]
Finance Minister Dr Nigel Clarke says he shares the profound level of anger and disgust expressed by Jamaicans at the alleged multimillion-dollar fraud that has been uncovered at investment firm Stocks and Securities Limited (SSL). In a statement today, Clarke characterised the situation as alarming and evil. Last week, SSL disclosed that several of its clients […]
he Jamaica Securities Dealers Association (JSDA) says it is deeply concerned about the recent incidents of employee fraud within the industry. The association argues that these occurrences have implications for reputational risks and confidence erosion. While noting that it cannot speak on cases under investigation in order not to prejudice the process and outcome, it […]
Orville Johnson (left), executive director of the Insurance Association of Jamaica (IAJ); Veronica Sewell-Morgan (second left); Sheraley Bridgeman, chairman, IAJ Public Relations Committee and vice-president of business development and marketing, Guardian General Insurance; and Jessica Knight (right), IAJ PR Committee member, present gifts to children of Charles Chin Loy Basic School during the IAJ Christmas […]
As we ease into 2023, the Jamaica Observer Business Desk harks back to 2022 and has compiled some noteworthy moments that made it the year it turned out to be. 1) BOJ raises interest rates to 11–year high – In response to inflation continuing to surpass its target range of four to six per cent, […]
The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China – the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for development projects, said it had […]
