OCHO RIOS, St Ann — A freak accident that claimed the life of a tractor operator at Noranda Bauxite company in Discovery Bay, St Ann, has left his colleagues stunned and in anguish. Fifty-three-year-old Mark Wint died last Thursday after he was pinned between the bucket and body of the tractor he usually operates. The […]
Employers are not legally forbidden from enforcing mandatory vaccinations for workers, Jamaican Bar Association President Alexander Williams has said. Williams noted that no court or any other authority has made any ruling against the issue. His comment is the latest in a heated debate amid concerns about the coronavirus outbreak, which has killed more than […]
EVEN though the Jamaican economy has begun to grow again and many sectors have begun to see demand rebound, the reality on the ground is that consumer spending continues to be muted, and many small businesses are now considering whether it will be possible to continue. https://www.jamaicaobserver.com/business-observer/walking-between-the-raindrops-looking-for-new-demand-in-an-economic-downturn_230022?profile=1056
American investor Toby Bailey has targeted Jamaica for US$50 million or over $7.5 billion in investments over the next few months through a newly created entity, Borg Global Holdings Jamaica, in projects ranging from the tourism sector, to mining, media, and even the Jamaica Jazz and Blues festival. Bailey, who is the chairman and managing […]
INSURERS are paying out heavily as Jamaicans stricken by the novel coronavirus and the beneficiaries of those who have died make claims. Guardian Life Limited indicates that it processed over 100 death claims for Individual Life and settled over $115 million in death benefit claims relating to COVID-19, to date, since the outbreak of the […]
THE Bank of Jamaica (BOJ) has put out final data for remittance flows indicating that for the January to May 2021 period, inflows totalled US$1401.8 million. For the month of May, net flows were US$290.7 million — a sum which was 29.8 per cent or US$66.8 million higher than the total for May of 2020. […]
Insurance companies are resisting a move by the Financial Services Commission (FSC) to effectively ban insurance premium financing. Premium financing allows policyholders to pay their premiums over a longer period of time so that they don’t have to find the full annual premium up front, which can often be burdensome. A prohibition on insurance premium […]
Companies are being urged to incorporate greater use of technology into their operations, if they are to survive the continuous measures to contain the spread of COVID-19. Earlier this month, Prime Minister Andrew Holness announced longer curfews and seven no-movement days in a bid to curb the current surge in cases. However, experts believe that […]
PERSONAL finance expert Sherii Budley, investment advisor at Scotia Investments Jamaica Limited, this week shares with us five additional methods to walk unscathed from a debt trap. 1. BUDGETING The first step to becoming debt-free is to simply spend less. A budget is an important tool that can help you to effectively manage your […]
The Ministry of Labour and Social Security has advised that Jamaica’s current laws do not support mandatory vaccination against COVID-19 for workers. This, despite concerns arising from employers as well as employees in relation to the safety of all stakeholders as the country continues to grapple with the novel coronavirus pandemic. https://www.jamaicaobserver.com/sunday-finance/job-or-jab-employers-can-t-demand-vaccination-of-workers_229822?profile=1056
