//July

Cyber breaches down, profits up at NCB

By |2018-08-17T06:54:17+00:00July 30th, 2018|news|

NCB Financial Group Limited is reporting that its defences against cyber criminals are more robust, resulting in to a decline in successful hackings attempts of its network and customers. Jamaica's largest financial conglomerate, which is now approaching a trillion dollar in assets, has been investing heavily in digital banking and pushing account holders towards electronic [...]

Oran Hall | The exchange rate affects all of us

By |2018-08-17T06:54:17+00:00July 30th, 2018|news|

The exchange rate is the price of a currency relative to another. It is determined by demand and supply. In the Jamaican context, for example, when the demand for US dollars is greater than the supply, its price appreciates against the Jamaican dollar, which is the same as the Jamaican dollar depreciating against the US [...]

Cedric Stephens | Mediation as a time-saving insurance tool

By |2018-08-17T06:54:17+00:00July 30th, 2018|news|

Barbara Gayle's article in last Sunday's Gleaner - 'See you in 2022: Four-year waiting list for civil cases in the Supreme Court' - was heartbreaking. It was about a woman who was injured in a motor vehicle accident. The mishap probably occurred in 2014 or before. She "wept uncontrollably" after she learnt from her lawyer [...]

Church must provide poor with more healthcare, says missionary

By |2018-08-17T06:54:17+00:00July 30th, 2018|news|

Gareth Patterson, medical student, inspects the mouth of this resident from Whitehall Avenue in St Andrew during a a clinic hosted by Zion Care Foundation International medical mission at the Swallowfield Primary and Junior High School yesterday. Although his organisation has been able to provide dental and hygienic services to more than 300 residents during [...]

Legislation to strengthen BOJ for parliament by October

By |2018-08-17T06:54:17+00:00July 28th, 2018|news|

Finance and the Public Service Minister, Dr Nigel Clarke, delivering a special policy address on the Bank of Jamaica's modernisation programme at The Jamaica Pegasus hotel in St Andrew on Thursday, July 26, 2018 - Contributed photo Cabinet-approved amendments to several laws governing Bank of Jamaica (BOJ) operations to make the entity more independent are [...]

User fees for health facilities to go up August 1

By |2018-07-26T14:52:20+00:00July 26th, 2018|news|

Persons with health insurance, non-residents, and private patients will pay more to access services at public health facilities starting August 1. The Ministry of Health is advising that the cost of registration when visiting a medical facility will move from $1,500 to $3,000, and it will cost $7,500, up from $3,500, to visit speciality clinics. [...]

‘Don’t worry’ – Clarke tries to ease fears despite ‘politicising of the exchange rate

By |2018-08-17T06:54:17+00:00July 26th, 2018|news|

Minister of Finance Dr Nigel Clarke has expressed concern over what he describes as the politicising of the exchange rate over the years. With the Jamaican dollar trading at a record high of over J$134 to US$1, Clarke yesterday told The Gleaner that with Jamaica's floating exchange rate, movements in the value of the dollar [...]

IronRock triples premium for Q2

By |2018-07-26T14:43:51+00:00July 26th, 2018|news|

Property insurance company IronRock Insurance Ltd more than tripled net earned premium for its second quarter ending June 30th, triggering a reduction in underwriting loss for the company to $15.2 million. Since its listing on the Jamaica Stock Exchange last year, IronRock has been trying to weather its losses with plans to aggressively compete in [...]

Increased demand for US$ putting pressure on local currency

By |2018-07-26T14:38:50+00:00July 26th, 2018|news|

MINISTER without portfolio in the Ministry of Finance and the Public Service Fayval Williams says increased local demand for the United States (US) dollar over recent weeks has resulted in further depreciation in value of the Jamaican dollar against the US currency. The Bank of Jamaica's website indicates that the rate stood at J$133 for [...]

Increase in health fees for non-residents, patients with insurance

By |2018-07-26T14:35:17+00:00July 26th, 2018|news|

KINGSTON, Jamaica — The Ministry of Health today announced that effective August 1, there will be an increase in user fees for services provided to non-residents and patients with health insurance, at all public health facilities. According to a release from the ministry, these increases were previously approved by Cabinet and gazetted in the National [...]

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