The FSC had put out its first iteration of the document in February 2021 after it observed promotional activities and disclosures on various initial public offerings (IPOs) and additional public offerings (APOs) at the time. In the current iteration, the FSC has amended the definition around what is market conditioning, reduced certain restrictions in the […]
Sagicor Bank Jamaica Limited has signalled that it is not getting left behind in the digital wave that has been sweeping the financial sector. CEO of Sagicor Bank Jamaica Chorvelle Johnson Cunningham told the Jamaica Observer that the bank is being diligent about how it rolls out its digital offerings. “We are in the […]
THIS week we will focus on how retirement strategy differs or is similar for two self-employed individuals, one aged 21 years old and the other 55. Camille Steer, senior corporate manager, JMMB Fund Managers, advises that, whether an individual is planning for retirement at 21 years old or 55 years old, his/her retirement portfolio should […]
Contributed The Rex Nettleford Scholarship Fund at The University of the West Indies recently received a boost from the Guardian Group Foundation. From left, Dwayne Honeyghan and Toni-Ann Grey, both hall resident advisers, as well as University student Michaela McLaggon were only too happy to receive the well-needed donation from Guardian Life’s insurance adviser, Rushelle […]
Principal of the Gregory Park Basic School, Jennifer Ferguson (right), leads her young charges in a grateful hands-on gesture after receiving a delivery of sanitation supplies to support the safe resumption of face-to-face classroom activities. Also sharing the moment behind the happy youngsters are Aesha Nelson (left), telephone operator, and Akeem Robinson, estate officer, Facilities […]
FINANCE Minister Dr Nigel Clarke has refuted claims that the Government will collect $99 billion more in revenues, as a result of the high inflationary environment, in the next fiscal year which begins next week. Clarke was responding to claims made by Opposition spokesman on finance, Julian Robinson during his contribution to the budget debate […]
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THE Bank of Nova Scotia Jamaica (BNSJ) Limited has decided to expand its derivative products to include foreign exchange (FX) forward contracts which will allow its corporate and commercial customers to hedge against the volatility in FX rates. A derivative is a financial contract between two or more parties which derives its value from the […]
agicor Real Estate X Fund Limited is in recovery mode following the downturn of the hospitality sector in 2020. The company’s fortunes have turned around as X Fund posted a net profit attributable to shareholders of $376.50 million in 2021 compared to the drastic net loss attributable to shareholders of $9.99 billion in 2020. […]
DESPITE recording a net loss attributable to shareholders of US$3.61 million ($514.22 million) in its 2020 financial year (FY), Sagicor Financial Company (SFC) saw a massive rebound and recorded its highest net profit attributable to shareholders of US$133.18 million ($20.65 billion) for 2021. This surpassed the US$72.23 million ($8.98 billion) set in 2017 under Sagicor […]
