Consumers and businesses were more confident about economic prospects in the second quarter of 2021 when compared to the prior quarter, but optimism among both groups still lags pre-pandemic levels. The business confidence index increased to 130.8 points in June, compared to 115.2 points in March 2021 and 115.4 points in June 2020. Consumer confidence […]
IT is felt in some sectors that growth of the pensions industry can contribute to overall economic growth and that the lagging pace of pensions growth in Jamaica is doing the reverse. Sanya Goffe, chairperson of the Pension Industry Association of Jamaica (PIAJ), says though the private pensions industry has been growing, coverage levels are […]
Egeton Newman, president of the Transport Operators Development Sustainable Services, addresses stakeholders during a business and investment seminar held at Half-Way Tree Primary School on Sunday. Also in photo are Andrea Moore, chairperson of the Blue Ribbon First Responders Training and Certification Programme for Kingston and St Andrew, and Conroy Rose, CEO of Victoria Mutual […]
Marathon Insurance Brokers (MIB) has shored up Jamaica’s Olympic effort with a multimillion-dollar sponsorship deal ahead of the Tokyo Games in two weeks. Having sponsored the Jamaican Olympic team to the London Games in 2012 and Rio de Janeiro in 2016, the insurance brokerage remains firm in its continued support of the nation’s athletes on […]
Prices for consumers in the United States jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the US Labor Department showed that consumer prices in June rose 0.9 […]
A new energy facility southwest of Phoenix, scheduled to open in December, will capture methane from cow manure and reuse the biogas as renewable natural fuel. Facility stakeholders told The Arizona Republic that the process will capture harmful gases that would otherwise escape into the atmosphere and exacerbate climate change. The project is a partnership […]
Some $13.8 billion worth of NCB Financial Group shares traded on Monday, coinciding with top executives surrendering shares at the banking conglomerate. It was the largest traded volume of NCBFG shares in over two years on the Jamaican stock market. NCB Financial advised that it emanated from an approved change to the compensation arrangements with […]
[fusion_builder_container type=”flex” hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” […]
United States Federal Reserve Chair Jerome Powell suggested on Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating”. At the same time, Powell signalled no imminent change in the Fed’s ultra-low-interest rate policies. In written testimony for delivery on Wednesday to the House Financial […]
Blo omberg , in one of its latest reports, titled, Caribbean Tax Havens Fret They’re at Risk from Global Crackdown, suggests that the global minimum tax, a new corporate tax regime under discussion among G20 countries, has the potential to derail some Caribbean countries which operate as tax havens. Under the proposal, companies will have […]
