//January

CAR THEFTS SOAR

By |2020-01-31T18:12:41+00:00January 31st, 2020|news|

Peter Levy, president of the Insurance Association of Jamaica (IAJ), is urging drivers to be cognisant of their surroundings when leaving their vehicles, given the 37 per cent spike in motor vehicle thefts. According to the president, if the claims of theft continue to rise then that could lead to an increase in insurance premiums. [...]

Jamaica glowing gem of the Caribbean, says bond king Gregory Fisher

By |2020-01-31T18:09:50+00:00January 31st, 2020|news|

In his now customary address at the 15th annual Jamaica Stock Exchange Regional Investments and Capital Markets Conference, as always made just before the speech of Jamaica's prime minister (and which was thus once again heard by the PM amongst the many others in the audience), “Caribbean bond king” Gregory Fisher (now representing US investment [...]

JSE ranks in top 5 stock exchanges globally

By |2020-01-31T18:07:01+00:00January 31st, 2020|news|

The Jamaica Stock Exchange (JSE) was the fifth best-performing stock exchange in the world for 2019, according to a report from Bloomberg. One year ago, the JSE received global recognition when it was recognised — yet again — as the world's best-performing stock exchange for 2018. The JSE had a return for the year of [...]

Real estate industry not affected by devaluations, crime

By |2020-01-31T18:04:30+00:00January 31st, 2020|news|

With the recent Jamaica Chamber of Commerce (JCC) quarterly business and consumer indices revealing a downward trend for business confidence in the fourth quarter of 2019, influenced by the devaluation and fluctuation of the Jamaican dollar and crime, members of the Realtors Association of Jamaica (RAJ) says the real estate industry remains unaffected. “There are [...]

Business operators below new GCT threshold now able to re-register

By |2020-01-31T12:04:54+00:00January 31st, 2020|news|

Business persons who now fall below the new General Consumption Tax (GCT) threshold will have the option to apply to the Commissioner General to be re-registered. This is being facilitated through amendments to the GCT Act, which were approved during Friday's sitting of the Senate. Kamina Johnson Smith, Leader of Government Business in the Upper [...]

Fitch upgrades local currency issuer default rating

By |2020-01-31T11:59:56+00:00January 31st, 2020|news|

Fitch Ratings Agency has affirmed the Government's Long-Term Foreign-Currency Issuer and Local Currency Issuer Default Rating at 'B+' and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica's efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses. In explaining the affirmation of  the "B+" ratings, [...]

IAJ DELEGATION LED BY IAJ PRESIDENT PETER LEVY VISITS MINISTER OF FINANCE & THE PUBLIC SERVICE HON. NIGEL CLARKE

By |2020-01-31T10:52:02+00:00January 31st, 2020|news|

IAJ DELEGATION MEETS WITH HONOURABLE NIGEL CLARKE, MINISTER OF FINANCE AND THE PUBLIC SERVICE. On Wednesday, January 29, President of IAJ, Peter Levy and a team from the IAJ met with Honourable Nigel Clarke. Discussions were held regarding the Jamaican insurance industry and the IAJ President presented the Minister with a copy of the latest [...]

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