A greater focus is expected to be placed on entrepreneurs at the upcoming Future of Caribbean Money conference set to take place from December 8-9. As global financial markets witness a rise in the number of new and exciting products and services, entrepreneurs and small businesses are being equipped to take advantage of some of […]
THE smiles are broader these days in the corridors of the Consumer Affairs Commission (CAC) after its Protection Tribunal awarded a client $7.6 million, the largest-ever compensation granted by the watchdog body. Consumer activist Vernon Derby, host of Nationwide Radio‘s At Your Service programme, reported the award on his Bark di Trute blog Friday, saying […]
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A s the financial markets in the Caribbean continue to deepen, there is concern that the rules and regulations aren’t evolving fast enough to keep up with the dynamic nature of dealings by insiders in a company. As per Investopedia, insider trading involves trading in a public company’s stock by someone who has non-public, material […]
Boutique financial firm MoneyMasters is arranging $3 billion of private money, designated for Montego Bay property developments. The company led by President Claudette Crooks is partnering with Concept Homes Limited, a real estate developer operating in western Jamaica, and already has one project in the bag in Montego Bay. “After handing over this development on […]
Food and financial conglomerate GraceKennedy Limited has paid over $637.7 million for the acquisition of Scotia Insurance Eastern Caribbean Limited, SIECL, but has a second payment of $476 million to meet next October. The disclosure of the payments, amounting to more than $1.1 billion, comes at the completion of the deal on July 31. The […]
Sagicor Group Jamaica recently received regulatory approval to start operations in the Cayman Islands, on the heels of a historic quarterly earnings of more than $8 billion that outclassed even the top profit maker. “Our Cayman investment company finally got its licence this year and is ramping up. We are building out an office, which […]
The areas which the Proceeds of Crime Act (POCA) can target are being broadened to increase the prosecution of money laundering offences among certain professional groups. Financial Investigations Division (FID) Chief Technical Director Selvin Hay, who made the disclosure about targeting certain professional groups, did not identify the targets. However, the Jamaica Observer reported two […]
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The Financial Services Commission (FSC ) indicates in its latest report on a sector comprising 29 securities dealers that assets have grown by 16.8 per cent as at June 30, 2021. For the sector whose primary business is dealing in securities, the aggregate balance sheet assets as at the end of June 2021 stood at […]
