Sagicor Group planning more acquisitions

By |2019-07-31T23:19:00+00:00July 31st, 2019|news|

Sagicor Group Jamaica has announced that it could make more acquisitions. Group CEO, Christopher Zacca, said as the company earns more, it intends to use profit to execute more deals and grow the business. Sagicor Group made significant gains during the six months ending June. The company raked in $6.4 billion profit for the first [...]

Sagicor Group reports good first half-yearly results

By |2019-07-31T16:51:23+00:00July 31st, 2019|news|

President/chief executive officer of the Sagicor Group Christopher Zacca (right) with Ivan Carter, Sagicor's Group chief financial officer, at the news conference yesterday when the company delivered its half-yearly results. (Photo: Joseph Wellington) Sagicor Group is reporting a net profit of $7.13 billion for the first half of the year, which was generated from total [...]

Jamaica ready to exit IMF — Dr Ngouana

By |2019-07-31T16:47:54+00:00July 31st, 2019|news|

International Monetary Fund (IMF) Resident Representative, Dr Constant Lonkeng Ngouana, addresses a public forum at the Bethel Baptist Church in Half-Way-Tree on Monday (July 29). (Photo: JIS) KINGSTON, Jamaica — International Monetary Fund (IMF) Resident Representative, Dr Constant Lonkeng Ngouana, says Jamaica has made tremendous progress over the last six years and is now ready [...]

Sagicor Group earnings jump by a third

By |2019-07-31T16:44:43+00:00July 31st, 2019|news|

Insurance conglomerate Sagicor Group Jamaica continues to grow at a fast pace, with second-quarter revenue and profit both jumping by more than a third. Most of the growth came from existing services, but the group is also in an acquisitive mode and continues to hunt for deals. “The earnings are from core operations, sales and [...]

Septimus Blake to become CEO of National Commercial Bank on August 1

By |2019-07-31T16:40:45+00:00July 31st, 2019|news|

Effective August 1, there will be major management changes at National Commercial Bank (NCB), the most significant of which will see Septimus Blake succeeding Patrick Hylton as Chief Executive Officer of the bank. Malcolm Sadler will assume responsibilities as Chief Financial Officer. Mr Hylton will remain a director of the bank and NCB Financial Group, [...]

Jamaica’s FX market no longer a one-way bet

By |2019-07-31T16:36:07+00:00July 31st, 2019|news|

In his presentation at the well attended Bank of Jamaica (BOJ) Foreign Exchange Market symposium last Wednesday, Canadian central banking and financial risk management consultant Sylvain Choquette argued that Jamaica is in a “new environment” where “the foreign exchange market is not a one-way bet anymore”. Before 2016, we knew that the US dollar would [...]

Sagicor launches new website

By |2019-07-31T16:32:50+00:00July 31st, 2019|news|

SAGICOR, the regional financial services company, launched its newly redesigned website, Sagicor.com. The new site features a streamlined, modern design, improved functionality, and easy access to essential information and solutions to help potential and existing customers as well as shareholders make well-informed decisions about their financial products and needs. The new comprehensive website brings together [...]

New FX trading platform expected by 2020

By |2019-07-31T16:28:54+00:00July 31st, 2019|news|

From left: Dr Nigel Clarke, finance minister; Richard Byles, Incoming BOJ govenor; Dr Constant Lonkeng Ngouana, IMF resident representative; and John Robinson share a chat before the starting of the foreign exchange market symposium held recently at the Bank of Jamaica in downtown Kingston. (Photo: Norman Thomas) THE Bank of Jamaica(BOJ) announced recently that its [...]

Imminent pension plan reforms will allow them to invest in a wider range of assets

By |2019-07-31T16:25:30+00:00July 31st, 2019|news|

On Tuesday, July 23, 2019, Minister of Finance and the Public Service Dr Nigel Clarke moved amendments to the Pensions (Superannuation Funds & Retirement Schemes) (Investment) (Amendment) Regulations 2019, which were passed by the House of Representatives. These amendments will broaden the range of permissible assets in which pension plans can invest, and strengthen the [...]

A quick guide to investing on the Jamaica Stock Exchange

By |2019-07-31T16:22:01+00:00July 31st, 2019|news|

Hey guys! Let me start off by apologising for the missing article last week. A few of you have told me were looking for an article then and didn't see one. So, I'm making an extra effort to ensure that this week doesn't become two weeks in a row. Today, I'm giving you guys a [...]

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