A new study conducted by think tank Caribbean Policy Research Institute, CaPRI, has revealed that the real cause of the slow crawl towards financial inclusion is largely due to banks’ disinterest in tailoring products to meet the needs of society’s most vulnerable. The study titled Cheque In: Increasing Access to the Formal Financial System, found […]
Under pressure, Scotiabank says it will delay increasing the fees for using automated teller machines (ATMs) and point of sale machines for six months. In a statement Monday evening, the bank said during the period, it will continue its public education to ensure that customers are in the best account type and are accessing the […]
Julian Mair, chairman of the Jamaica Stock Exchange, JSE, warned that the country must improve its return on education amid the pandemic or face the prospect of an enlarged criminal pool. “The markets are not my greatest concern,” Mair said at the opening of the 17th annual JSE Regional Investments and Capital Markets Conference on […]
The Government is turning up the pressure on commercial banks saying increased user fees will cause greater stress for Jamaicans. In the past 24 hours, both Prime Minister Andrew Holness and Finance Minister Dr Nigel Clarke have denounced the fee adjustments. “Business leaders must pay attention to the social context; I have a higher duty […]
Under pressure, the National Commercial Bank (NCB) has sought to explain how it arrived at new and increased banking fees. Both NCB and Scotiabank have been facing intense public criticism over the new fees. READ: Gov’t turns up pressure on ‘tone-deaf’ banks over new fees According to NCB, in November last year, it advised customers […]
Dr Blondel Crosdale (left), consultant neonatologist at the University Hospital of the West Indies, explains the use of the oxygen concentrator machine to Serika Sterling (centre), founder of The Preemie Foundation of Jamaica, and Mischa McLeod Hines, vice-president, Capital Markets, Sagicor Investments Jamaica, following the handover of one machine to the hospital’s Neonatal Unit on […]
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Wayne Archibald, a Kittitian and executive director of solar company Green Solutions International (GSI), is advocating that island governments and other funding agencies collaborate to fund workforce development programmes for the recruitment, training and provision of economic development opportunities to people from the lower socio-economic strata and women in the green economy. GIS has been […]
IN the wake of last week’s announcement by Jamaica Broilers that it will hike the price of chicken meat by 10 per cent, Agriculture Minister Pearnel Charles Jr has announced that the Government is considering a temporary suspension of the common external tariff (CET) and additional stamp duties (ASD) on imported leg quarters. Jamaica Broilers […]
The National Housing Trust (NHT) tabled its annual report for the fiscal year ended March 2021 in Parliament, disclosing a two-third reduction in net profit. The net result for the financial year was $6.9 billion, approximately one-third of the $18.62 billion reported in 2020 and also less than the $23.75 billion in net profit reported […]
