PIOJ reports 0.3% growth in economy

By |2018-08-17T06:54:54+00:00August 31st, 2017|news|

KINGSTON, Jamaica (JIS) — The Planning Institute of Jamaica (PIOJ) is reporting that the country grew by an estimated 0.3 per cent for the April to June 2017 quarter. It has also noted that the country has now recorded 10 consecutive quarters of positive economic growth. Director General, Dr Wayne Henry, says growth in [...]

Retirement talk in Christiana

By |2018-08-17T06:54:54+00:00August 29th, 2017|news|

Director of Frankfield Pharmacy Rosalee Simpson-Thomas (left) and director of Mid-Island Technology Tracy-Ann Bourne. MANDEVILLE, Manchester — Scotia Insurance on Wednesday, August 16 hosted Christiana residents for a seminar and cocktails evening at its branch in the area. The event was to educate clients on how to plan for retirement. Organisers say that critical [...]

Growth and Jobs | Jamaica : New Model Economy Promises Success

By |2018-08-17T06:54:54+00:00August 29th, 2017|news|

Curtis Martin (right) looks on as David McDaniel, chairman and managing director of Stationery & Office Supplies Ltd, physically lists his company on the Jamaica Stock Exchange on August 10. 1 2 Years of dedicated work by financial reformers have placed the Jamaican economy on a path where it is now ready for sustainable growth, [...]

Oran Hall | Financial Adviser | The attractiveness of stock splits

By |2018-08-17T06:54:54+00:00August 29th, 2017|news|

Question : Should I buy a stock that has had a stock split? FINANCIAL ADVISER: A stock split is a subdivision of shares to reduce the price of the stock to a level within which most stocks trade. The more successful companies are, the more likely it is that their stock will trade at high nominal [...]

Experts marvel at oversubscription of gov’t bond issue — Shaw

By |2018-08-17T06:54:54+00:00August 29th, 2017|news|

Minister of Finance and the Public Service Audley Shaw says that market analysts have marvelled at the high level of oversubscription of the Government's most recent external bond issue. According to Shaw the analysts were not only astonished by the fact that it was 3.8 times the take-up, but also that the “historic” yields were [...]

Cedric Stephens | Insurance Helpline | Look out for staged accidents, especially at night

By |2018-08-17T06:54:54+00:00August 29th, 2017|news|

QUESTION: I am writing to you with frustration and tears in my eyes. My car was involved in an accident in May 2013. I was travelling from Kingston to Old Harbour on the toll road. I was in the right lane going below the speed limit at about 100 kph. It was about 10 o'clock [...]

Sagicor Foundation awards 68 scholarships to GSAT, tertiary students

By |2018-08-17T06:54:54+00:00August 25th, 2017|Uncategorized|

Sagicor Group Jamaica senior vice-president, general counsel & corporate secretary, Janice Grant Taffe (1st row, centre), along with Minister of State in the Ministry of Education Floyd Green (1st row, right) and Damion Crawford (1st row, left), keynote speaker at the Sagicor Foundation Scholarship Awards ceremony, share in a photo op with the 2017 [...]

Credit bureaus having positive effect on non-performing loans

By |2018-08-17T06:54:55+00:00August 25th, 2017|news|

The Bank of Jamaica is seen at left and large bank Scotiabank Jamaica is to the right. The central bank says non-performing loans are declining due to the impact of the nascent credit bureau system. Jamaica's central bank is reporting an annual average decline in new on-performing loans, or NPLs, by more than a billion [...]

Hurricane Harvey likely first major Texas storm in 12 years

By |2018-08-17T06:54:55+00:00August 25th, 2017|news|

CORPUS CHRISTI, Texas (AP) — Tropical Storm Harvey intensified Thursday into a hurricane that forecasters said would be the first major storm to hit Texas in 12 years. Sustained winds reached 80 mph (129 kph) more than a day before landfall was expected late Friday between Port O'Connor and Matagorda Bay, a 30-mile (48-kilometre) [...]

Bank of Jamaica reduces policy interest rate

By |2018-08-17T06:54:55+00:00August 25th, 2017|news|

The Bank of Jamaica (BOJ) said that effective August 25 the rate offered on overnight placements with the Bank, the policy interest rate, will be reduced to 3.50 per cent from 3.75 per cent. The adjustment to the policy rate reflects the Bank’s assessment that inflation will be within the central bank’s inflation target [...]

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