National Commercial Bank (NCB) continues to rake in mega profits, particularly from its recent majority acquisition of Guardian Holdings Limited. NCB pulled in net profits of $21.3 billion for the nine months ended June 30, which translates to net profit attributable to stockholders of $20.7 billion, — an increase of $87 million over the prior [...]
The value of the Jamaican dollar is at historic lows, but Finance Minister Nigel Clarke is bullish about its future prospects. Clarke said on Wednesday that the successful execution of an inflation-targeting regime should allow Jamaica, within five years, to be able to offer its first Jamaican-dollar bond to international borrowers – a goal that [...]
Shena Stubbs-Gibson writes for this newspaper. She is an attorney-at-law and a commentator on legal matters. I admire her use of language, writing style, and the clarity of her thought. She writes about complex legal matters in ways that are easy for non-lawyers like me to understand. Last Sunday’s piece ‘Does the Road Traffic Act [...]
Estate planning is the process of acquiring, using, and preserving assets during your lifetime and arranging your affairs to transfer your assets effectively to your heirs and beneficiaries during your lifetime or after death. When done well, it makes it easier to transfer assets to beneficiaries with ease and at the lowest cost. The range [...]
Banking conglomerate NCB Financial Group Limited is weighing the possibility of raising additional capital as buffer for its enlarged Caribbean operation that has now surpassed a trillion dollars in assets. It’s the first listed Jamaican company known to hit that milestone. The group expects to organically bolster its capital with accumulated profits, but also remains [...]
Tourism Minister Edmund Bartlett has said $1 billion was generated during the just concluded Reggae Sumfest held at Catherine Hall in Montego Bay, St. James. Mr. Bartlett said this year was arguably the biggest festival in terms of attendance from local and overseas guests. On the visitor arrival side, the Tourism Ministry estimates that about [...]
Dr. Constant Lonkeng Ngouana, Resident Representative of the International Monetary Fund (IMF), has described the reduction in Jamaica's unemployment rate to 7.8 per cent as a tremendous achievement. Noting that the rate was approximately 16.3 per cent at the start of Jamaica's current engagement with the organisation in May 2013, Dr. Ngouana contended that slashing [...]
Listed company Key Insurance has unveiled what it described as an aggressive turnaround plan geared at reversing financial losses and returning it to stable profits by 2021. The plan is also being touted as a measure to help achieve and maintain at least the Minimum Capital Test of 250%, as prescribed by the Financial Services [...]
SOMETIMES a nine-to-five just cannot cut it, especially if yours is a single-income household. If you are looking to supplement your income, a side hustle might just be the game-changer you need. Not sure what the options are? Financial adviser Granville Knight shares a list of jobs that would make ideal side hustles. Online business [...]
BERBICK...the NHT will lend homeowners who have never received an NHT housing benefit up to $2.5 million to make changes or improvements to their house or another house for which they have legal permission to make chang Owning a house is quite the achievement for most but many people start off not being completely pleased [...]
This will close in 0 seconds
