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opportunity. JAMAICA’S economy is set to expand for a fourth year in a row this year, though at a slower pace from previous years, the World Bank Group said in its latest projections for 2024. In forecasts published on Tuesday, the multilateral organisation said gross domestic product (GDP) in Jamaica was set to expand at […]
Caribbean Assurance Brokers Limited (CAB) has appointed insurance veteran Sheraley Bridgemen as its new CEO, relieving Chairman Raymond Walker of the dual role he has been playing since April 2023. Bridgeman, who has spent the last 30 years climbing the corporate ladder in the insurance industry, officially took office at CAB on January 3. She […]
As we reflect on the year 2023, we’ll be analysing the 10 largest companies on the Jamaica Stock Exchange (JSE) by market capitalisation. 1) Sagicor Group Jamaica Limited (SJ): market capitalisation $186.49 billion; closing price $47.75; 11.08 per cent weighting of entire Main Market valued at $1.68 trillion. SJ is a financial services provider primarily […]
Kaydene DeSilva, senior human resources officer at Key Insurance, and Sujae Boswell, programme manager, Grace & Staff Community Development Foundation, presenting a freezer to Mrs Peterkin, principal of Central Basic School, Norwood, St James.
Sagicor Group Jamaica Limited (SJ) has started 2024 with a splash, announcing on Monday that its Costa Rican joint venture had acquired Sagicor Panama SA in the latest move towards growing its regional footprint. The acquisition was consummated on January 1 with Sagicor – Capital & Advice Spain SL, a subsidiary of Sagicor Costa Rica […]
Financial literacy? What is that? I don’t think I need that to run a successful business! I have been running this business for years and I think I am okay. The foregoing comments are typical of the exchanges when one speaks to many owners and operators of MSMEs or small and medium-sized enterprises in Jamaica […]
The Bank of Jamaica is projecting that inflation is likely to rise again, and data related to the recent rains could further dampen its outlook. Inflation is currently back within the target range, but “Jamaica is not yet out of the woods where price increases are concerned,” BOJ Governor Richard Byles said on Wednesday. https://jamaica-gleaner.com/article/business/20231124/boj-inflation-expected-rise-again
Twenty-seven farmers who were insured under the GK Insurance Weather Protect Scheme and impacted by the recent heavy rains are set to receive payouts. Minister of Agriculture, Floyd Green, made the disclosure during a statement to the House of Representatives on Tuesday. https://jamaica-gleaner.com/article/news/20231206/27-farmers-receive-bad-weather-insurance-payout
The Jamaica Stock Exchange in the old Myrtle Bank Hotel in downtown Kingston. IN 2015, the Jamaica Stock Exchange (JSE) was declared by US financial news entity Bloomberg as the best performing stock exchange in the world, a feat which was repeated three years later in 2018. Those two years were the pinnacle of market […]
