Insurance Helpline | Vehicle valuations should not be taken as gospel

By |2018-08-17T06:55:27+00:00November 30th, 2015|news|

Published:Sunday | November 29, 2015 QUESTION: I was involved in a single vehicle accident in June. We were driving along the Duncan's Highway in Trelawny. It was raining heavily and our vehicle picked up a skid. We ended up in a ditch. I am the owner of the vehicle. Three other persons were in the [...]

IAJ pushes for regulatory and legislative reform

By |2015-11-30T08:04:23+00:00November 30th, 2015|news|

Friday, November 27, 2015 IAJ President Karen Bhoorasingh listens to IAJ's former President Earle Moore (right), while newly elected president of Jamaica Association of Insurance and Financial Advisors, Joel Dixon, looks on. Having celebrated its milestone 10-year anniversary last week Wednesday at the Jamaica Pegasus hotel, the Insurance Association of Jamaica (IAJ) is adamant that [...]

Unit trusts double funds under management

By |2015-11-23T15:10:30+00:00November 23rd, 2015|news|

Sunday, November 22, 2015 The latest data provided by the Financial Services Commission (FSC) indicates that unit trust companies doubled portfolio asset value, year over year for the period ending March 31, 2015. As at March 31, 2015, total funds managed by unit trust management companies were approximately $120.5 billion, compared to $66.76 billion in [...]

Pension funds grow assets to $350 billion

By |2015-11-23T13:32:31+00:00November 23rd, 2015|news|

Sunday, November 22, 2015 Local pensions funds grew assets to $349.56 billion, the latest data from the Financial Services Commission reveals, also indicating that the funds remain primarily invested in government paper. The latest assessment, released in November, is for the period ended March 30, 2015. Assets have grown by 10 per cent, compared to [...]

Insurance Helpline | Always check the fine print

By |2018-08-17T06:55:27+00:00November 20th, 2015|news|

Published:Sunday | November 15, 2015 QUESTION: I was involved in a fender-bender along the Howard Cooke Boulevard in Montego Bay last week. The collision occurred because - truth be told - I was using my cellphone. My car, which was in a line of traffic, ran into the rear of the vehicle that was ahead. [...]

GOJ Press Release: IMF 10th EFF Review Missio

By |2015-11-15T12:20:10+00:00November 15th, 2015|news|

The tenth review of Jamaica’s performance under the Extended Fund Facility programme was undertaken by staff from the International Monetary Fund (IMF) over the period 04 –13 November, 2015. As is customary, the mission team met with Minister of Finance, Dr. the Hon. Peter Phillips, government officials, technical staff, private sector leaders and other key [...]

House passes new Road Traffic Act

By |2015-11-13T11:10:46+00:00November 13th, 2015|news|

 Thursday, November 12, 2015 Minister without Portfolio in the Ministry of Transport, Works and Housing, Dr Morais Guy, gives his remarks as he opens the debate on the Report of the Joint Select Committee on the Road Traffic Act in the House of Representatives on  June 9. A new Road Traffic Act was passed by [...]

Good times for Sagicor (From RJR Website)

By |2015-11-13T11:05:54+00:00November 13th, 2015|news|

Monday November 9, 2015 Sagicor Group Jamaica is reporting a rise in profit, due in part to a strong growth in insurance premiums. During the nine months to the end of  September, Sagicor recorded J$5.83 billion profit, which was a 42 per cent increase over the $4.1 billion reported during the corresponding period last year. [...]

Finance Minister defends economic reform programme, chides Shaw

By |2018-08-17T06:55:28+00:00November 13th, 2015|news|

Monday, November 09, 2015 | 7:21 PM KINGSTON, Jamaica — Finance Minister Dr Peter Phillips has stoutly defended the Government’s economic reform programme under the International Monetary Fund (IMF). Phillips said Jamaica, because of the governing People’s National Party’s (PNP) relationship with the International Monetary Fund, is now in a position to borrow cheaper money. [...]

Byles bullish on growth in quarters ahead

By |2015-11-13T10:51:33+00:00November 13th, 2015|news|

Published:Friday | November 6, 2015 The Economic Programme Oversight Committee (EPOC) says while it is understandable that Jamaicans are impatient to see more substantial economic growth, a little more perseverance in pursuing the right policies will see improvements in the quarters ahead. Committee co-chairman Richard Byles, noted that all the economic indicators in Jamaica were [...]

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