The price of bitcoin has undergone yet another wild gyration, rising from US$41,030 on September 29, 2021, to US$69,000 on November 10, 2021, before falling back to US$35,075 on January 23. That is its second-largest decline in absolute value, though it has suffered larger declines in percentage terms, such as between December 15, 2017, and […]
Seeing the success of a recent business model tweak, used car dealer Jetcon Corporation is seeing ‘fair skies’, the latest business to telegraph optimism in business growth this year. Its next frontier is the electric vehicle market, Managing Director Andrew Jackson told the Financial Gleaner following the company’s annual general meeting on Tuesday. The bright […]
KINGSTON, Jamaica— General Manager of JN Life Insurance Company, Hugh Reid, is imploring Jamaicans to monitor their health on a regular basis to reduce the risk of developing non-communicable diseases (NCDs) such as diabetes. “The best way to reduce costs associated with health care is prevention,” said Reid, writing in the latest JN Newsletter. Arguing […]
Jamaica is experiencing a rapid economic recovery from the sharp and historic COVID-19-induced economic contraction of 2020/21. For economic growth to continue at levels higher than our historical average, however, it will be necessary for the Government of Jamaica (GOJ) to continue to implement reforms that reduce the cost of business, improve labour and capital […]
Guardian General Insurance Limited will offer coverage to individuals and organisations against economic losses that result from extreme weather associated with wind and rain, under an agreement with regional insurer CCRIF that will see the Trinidad-based company distributing its livelihood protection policy or LPP. CCRIF Spc is a regional provider of parametric insurance mainly to […]
The Inter-American Development Bank, IDB, says it provided nearly US$23.4 billion in new financing approvals, commitments and private-sector mobilisations for Latin America and the Caribbean last year, one-tenth of which flowed to Haiti. In a statement, the IDB said the funds, which included distributions by its private-sector arm, IDB Invest, beat the previously reported initial […]
Developers of The Ascent, described as Jamaica’s tallest building, have received regulatory approval from at least one major agency. The concept involves a mixed use 26-storey building, with green spaces, on lands at Oxford Road in New Kingston. CEO of Stratosphere Development Limited, Lyttleton ‘Tanny’ Shirley, said he would reserve comment on the project’s progress […]
Trinidadian-born Lesley Miller recounts how her parents instilled the importance of academics and, in particular, encouraged a focus on the sciences. In that household, Miller was so intrigued by the world of technology that she decided to pursue undergraduate studies in information technology at the University of Technology, Jamaica. On graduation, Miller landed a job […]
LOSSES associated with Internet banking fraud rose 17 per cent last year, according to data from the Bank of Jamaica (BOJ). The central bank, in response to queries from the Jamaica Observer, shared data showing that banks report a total loss of $81.23 million for Internet banking fraud. That was up from the $69.4 million […]
THE Ministry of Tourism (MOT) indicates that, as at December 31, 2021, the value of assets managed by Sagicor Life Jamaica on behalf of the Tourism Workers Pension Scheme was approximately $506 million. At the launch of the scheme, Minister of Tourism Edmund Bartlett said he expected the fund to grow to $100 billion by […]
