Private health insurers payout billions
PAYMENTS made for health and disability coverage by local insurers give some idea of the cost of medical services in Jamaica. In 2021, health seeking behaviours returned to normality, compared to the year in which the novel coronavirus disease was in its infancy. Total health claims settled were valued at $22.79 billion which was 13 […]
Seniors challenged by crippling health-care costs
hroughout my adult life I have been plagued by illness. Health concerns prompted my retirement in 2011 at 63. By that time I had already undergone six major surgeries and lost a few internal organs in the process. As a salaried employee, I had the benefit of enrolment in an employer-sponsored health plan. That took […]
Antigua to serve as hub for banana trade
CASTRIES, St Lucia — The St Lucia Government says it is encouraged by the talks held with an established buyer on the possibility of using Antigua as a distribution hub for for the sale of bananas to surrounding countries in the region. “Currently, we are moving between 2,000 and 2,500 (boxes) per week. But we […]
JMMB & Sagicor launch new funds
MMB Investments (Trinidad and Tobago) Limited (JMMBTT) has launched five new mutual funds while Sagicor Asset Management Inc (SAMI) has launched the Sagicor Renewable Energy Fund (class A cell shares) through Sagicor Special Opportunity Funds SCC (Segregated Cellular Company). The JMMBTT funds include the United States dollar (USD) Regional Sovereign Bond Fund, USD International Corporate […]
Illegal motorcycles frustrating Hanover police — senior cop
LUCEA, Hanover – The Hanover police say they are overwhelmed with the large number of motorcycles in the parish which are being operated in breach of the Road Traffic Act. According to commanding officer for the parish Superintendent Sharon Beeput, despite the efforts of the police to cauterise the illegal activity, the ease of replacing motorcycles […]
Economic recovery in Caribbean requires urgent reforms and seizing green opportunities — World Bank
Share to PrintShare to FacebookShare to TwitterShare to EmailShare to More WASHINGTON, United States – Economies in Latin America and the Caribbean (LAC) are on track to recover from the COVID-19 crisis, but the scars of the pandemic remain and the need for a more dynamic, inclusive and sustainable growth is ever more urgent, according […]
Caribbean CBDCs among top global indices
Caribbean central bank digital currencies (CBDCs) are among the top-10 programmes globally having legal digital tender being rolled out for retail use, according to PwC’s 2022 CDBC global index. The global index prepared by PwC is used to analyse and rank the leading retail (digital currencies designed for public use) and wholesale (digital currencies used […]
FSC launches new supervisory framework for the non-deposit-taking sector
The Financial Services Commission (FSC) has launched a new supervisory framework described and named the Risk-Based Supervision (RBS) approach. The commission, in announcing the new framework, said it will set out a revised approach for oversight and risk assessment of Jamaica’s non-deposit-taking financial institutions (NDTFIs). The FSC is one side of the financial sector […]
JMMB & Sagicor launch new funds
JMMB Investments (Trinidad and Tobago) Limited (JMMBTT) has launched five new mutual funds while Sagicor Asset Management Inc (SAMI) has launched the Sagicor Renewable Energy Fund (class A cell shares) through Sagicor Special Opportunity Funds SCC (Segregated Cellular Company). The JMMBTT funds include the United States dollar (USD) Regional Sovereign Bond Fund, USD International Corporate […]
PETROJAM DEBATE HEATS UP
Minister of Science, Energy and Technology Daryl Vaz says that, in order to safeguard Petrojam’s future viability, and enable it to respond to the changing paradigm of the diversified fuel market, the National Energy Policy has mandated the modernisation of the refinery. “To ensure that it functions as the least cost option for petroleum supplies […]