NICO Carridice, co-founder and CEO of financial technology company Tarpa Corporation Limited, is calling on microfinancing institutions (MFIs) to “get in line” and prepare to become licensed and regulated entities in time for the implementation of The Microcredit Act, 2021. In an interview with JIS News, he said that entities must do away with the […]
AS part of its continued attempt to broaden its product offerings and make itself a global stock exchange, the Jamaica Stock Exchange (JSE), through the Jamaica Central Securities Depository (JCSD), will be launching direct market access (DMA) shortly with a central focus on the Canadian stock market. According to Investopedia, DMA refers to access to […]
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Last December, for the first time in a decade of data collated by the Bank of Jamaica, BOJ, remittance inflows to Jamaica topped US$300 million in one month. Then in March, a new record was set, with US$327.5 million of inflows, continuing the… To access this article in full please login or register today […]
MINISTER of Housing, Urban Renewal, Environment and Climate Change Pearnel Charles Jr has lauded the launch of the Green Bond Project — the first of its kind in the Caribbean — which he says represents a watershed moment for the country. The project, titled Facilitating an Enabling Environment for the Caribbean Green Bond Listing on […]
While the impact of the world’s seven richest countries (G-7) commitment to a 15 per cent global minimum corporate income tax (CIT) rate is still being assessed, it has been said that Jamaica will be less affected than its Eastern Caribbean neighbours including Barbados, the Cayman Islands, British Virgin Islands and Bermuda. The global minimum […]
The recent report of the Financial Services Commission of Jamaica (FSC), the entity which regulates the pension sector, shows that pension assets continued to fall in the December quarter. The FSC noted that the Jamaican private pensions industry’s track record of consistent growth each quarter was disrupted by periods of contraction during 2020, which resulted […]
Kingston Wharves Limited’s (KWL) motor vehicle business has seen an upswing, with the company’s transhipment segment up significantly for 2021 over the previous year. Cargo shipped through the terminal is segmented into domestic and transhipment (cargo destined for other territories outside of Jamaica). “One of the most compelling indicators of the increased activity is the […]
KINGSTON, Jamaica— The country’s fisherfolk and farmers can now access insurance coverage for vessels, vehicles and accessories through Advantage General Insurance. The insurance package, developed in collaboration with the Ministry of Agriculture and Fisheries, was launched during a virtual ceremony yesterday. It is the first of its kind in the industry and will provide fishers […]
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