Statin reports 6.7 per cent decline in economy Jan-March
The Statistical Institute of Jamaica (Statin) has reported a 6.7 per cent decline in the economy for January to March or during the first quarter of this year when compared to the same period in 2020. This latest output by Statin is one percentage point more than that released earlier by the Planning Institute of […]
WORK FROM HOME
Since March of 2020, when the first novel coronavirus case was identified in Jamaica, companies across the island have put in place several measures to deal with the situation. One of these measures was the introduction of a work-from-home (WFH) policy. The Business Observer sought the views of several company managers on the WFH policy. […]
JSE says digital trading platform will offer multiple services
Managing Director of the Jamaica Stock (JSE) Exchange Marlene Street-Forrest says the advent of the planned digital currency by the Bank of Jamaica makes the JSE even more bullish about its planned digital currency platform. The JSE is looking towards year end to offer cryptocurrencies and other digital currencies as tradable assets to its customers, […]
COVID vax fears eased with 65,000 doses from Mexico
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CDB challenged to double lending to meet poverty reduction goal
THE latest Caribbean Development Bank (CDB) annual report showed that the bank disbursed US$306 million to borrowing member countries (BMCs) in 2019, but the regional financial institution has been urged to double that disbursement if it intends to reach its poverty reduction target. Poverty rates in the Caribbean are already high – largely clustered between […]
Tropical Storm Elsa forms in Atlantic
MIAMI (AP) — Tropical Storm Elsa has formed over the tropical Atlantic on Thursday morning and is expected to cause heavy rains that may lead to isolated flash flooding and mudslides in the Caribbean. Elsa is the earliest fifth named storm on record, beating out last year’s Eduardo which formed on July 6, according to […]
MAP doubling down on onions with expanded acreages
Model Agricultural Production Limited, MAP, which grow crops for local and overseas consumption on leased land in Innswood, St Catherine, is projected to double the national onion yield from new methodologies used on its farms. But it is still not happy with the achievement. The business, which is headed by Israeli Gideon Siterman, wants to […]
Sagicor to proceed with Mineral Heights residential development
Sagicor Group Jamaica is moving ahead with plans for the development of a residential complex on 11 acres of land that sits adjacent to its newly built commercial complex in Mineral Heights, Clarendon. The financial conglomerate, which operates a… To access this article in full please login or register today https://jamaica-gleaner.com/article/business/20210630/sagicor-proceed-mineral-heights-residential-development
Why time horizons matter when investing (Part 2)
IN Part 1 of this article, published last Sunday, we discussed what a time horizon is and how it should affect the selection of your investments. As a quick recap, the time horizon is the length of time an investor expects to own their investment and can be determined by estimating the length of time […]
Dealing with the ticklish matter of an insurance claim
Dear Claudienne, My Toyota RV4 met in an accident with a truck on the afternoon of November 27, 2019 on the Marcus Garvey highway in Kingston. I made a report on the accident immediately at the Hunt’s Bay police station, and although the driver of the truck took responsibility for the accident, he did not […]