KINGSTON, Jamaica — The Road Safety Unit (RSU) in the Ministry of Transport is reporting a downward trend in road fatalities and fatal crashes so far this year. As of Monday, 224 people have been killed from a total of 198 fatal crashes so far this year, the unit said. It further outlined that fatal [...]
Insurance executive Eric Hosin epitomises confidence and a steely determination that have served him well in the often unpredictable industry where he has dedicated almost 30 years of his life. These are traits he obviously prides himself in, but his love and service to his faith as a Christian are closest and dearest to [...]
QUESTION: I have recently started to really take a look into my finances and to think about retirement. Doing my research, I often see where in the United States, US$1 million is often the figure recommended to have for retirement or at least 25 years' expenses. However, when it comes to Jamaica, I am still [...]
IAJ ELECTS NEW PRESIDENT When the IAJ held its Annual General Meeting on Wednesday, April 18, 2018, members elected BCIC’s Managing Director Peter Levy to be the Association’s 8th President,. Mr. Levy replaced Eric Hosin, President of Guardian Life who had served for two years. Under the IAJ’s Constitution the Presidency is rotated every [...]
Finance and the Public Service Minister Dr Nigel Clarke (left) greets Bank of Jamaica Governor Brian Wynter at the Terra Nova All- Suite Hotel in St Andrew for the second annual National Financial Inclusion Council Meeting and Forum, recently. Looking on is minister without portfolio in the Ministry of Finance and the Public Service Fayval [...]
R ating agency AM Best on Wednesday improved Jamaica's rating tier 4 — up from country risk tier 5 — following assessments of its economic, political and financial system. The risk category now places Jamaica in line with Trinidad and Tobago, Antigua and Barbuda, and Barbados but still behind The Bahamas and the Cayman Islands [...]
With news of the planned privatisation of state-controlled pension fund assets creating quite a buzz in investment circles, the company that claims the top spot among fund managers is flexing its muscles as it angles for inclusion in the mix of possible private-sector managers of the funds. Quick on the heels of last week's disclosure [...]
Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, addressing journalists on the rate of inflation during Wednesday’s media briefing at the Ministry’s offices in Kingston. (Photo: JIS) KINGSTON, Jamaica — Finance and Public Service Minister, Dr Nigel Clarke, today released official correspondence from the Bank of Jamaica (BoJ) outlining factors resulting in [...]
Data from the Bank of Jamaica's foreign exchange trading summary has revealed that local commercial banks are applying up to 5.6 per cent mark-up on the trade of foreign currencies, causing fresh anger among members of the Jamaica Manufacturers and Exporters Association (JMEA). In fact, a press release from the association yesterday stated that mark-up [...]
TUESDAY'S 7.3-magnitude earthquake that rocked Venezuela and which was also felt in Trinidad, Grenada and Barbados is a wake-up call for Jamaica and the Caribbean. "The earthquake is another reminder of the need for Caribbean states to develop resilience in order to cope with all credible extreme events, including seismic and climatic extremes. Early reports [...]
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