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Q10: Robin Levy – the go-getter

By |2020-08-31T13:49:17+00:00August 31st, 2020|news|

A proud past student of North Street's blue and white side, our guest is one whose tenacity has fuelled his many accomplishments including those achieved while serving in organisations such as the Jamaica Stock Exchange (JSE) and the Jamaica Observer. He has courted failure but has never rested until life-long lessons are learnt— no wonder [...]

Banking fees to be monitored by new regulatory body – JLP

By |2020-08-31T13:45:19+00:00August 31st, 2020|news|

Help is coming for bank customers aggrieved by high banking fees, as the Jamaica Labour Party (JLP) has committed to establishing a new regulatory body to receive complaints. In addition, this body will be charged with the mandate of ensuring that financial institutions disclose all charges, fees and interest rates and how these interest rates [...]

$13.4 million net loss for Caribbean Assurance

By |2020-08-31T13:30:20+00:00August 31st, 2020|news|

Insurance brokerage firm Caribbean Assurance Brokers Limited (CAB) has reported an unaudited net loss of $13.4 million for the six-month period ended June 30, 2020. This new result follows a net loss of $5.5 million in the previous corresponding period. The latest loss, according to CEO Raymond Walker, is attributed to operating losses of $8.6 [...]

BOJ: Partial economic recovery expected to commence in 2021-22

By |2020-09-15T13:36:20+00:00August 27th, 2020|news|

BANK of Jamaica (BOJ) Governor Richard Byles says the economy is projected to contract by between seven and 10 per cent during the 2020-21 fiscal year as a result of the impact of the novel coronavirus. Speaking at the central bank's digital quarterly press briefing yesterday, the governor pointed out that this is a [...]

Researcher tells J’can software development firms to level up

By |2020-08-27T12:56:55+00:00August 27th, 2020|news|

Dr Delroy Chevers, researcher and lecturer in information systems quality at The University of the West Indies, makes a point during a recent Jamaica Observer interview at the university's Mona campus in St Andrew. (Photo: Karl Mclarty) JAMAICAN software development firms must aim for at least a tier-three ranking to be able to attract [...]

Business mogul Tony Hart has died

By |2020-08-24T05:28:47+00:00August 24th, 2020|news|

Montego Bay business mogul, Anthony ‘Tony’ Hart has died. He reportedly died on Thursday morning after a long period of illness. The businessman was primarily responsible for the development in Freeport, Montego Bay. The project created 350 acres of land and four berths for ships and today, is at the heart of the development of [...]

Deposit insurance coverage limit doubled

By |2020-08-24T05:23:45+00:00August 24th, 2020|news|

The maximum payout to depositors, in prescribed circumstances pursuant to Section 18 (1) of the Deposit Insurance Act (DIA) was increased from $600,000 to $1.2 million. The increase which is effected through a Ministerial Order has been approved by both Houses of Parliament. The increase will take effect August 31, 2020, after publication in the [...]

Jamaica poised for more growth in the BPO sector – Jampro

By |2020-08-24T05:20:05+00:00August 24th, 2020|news|

EPSTEIN...The goal is to make work from home a big part of the sector going forward. It was rough to put 80 per cent of 2,100 people into remote working, and settling them once they got home Consul for the Jamaica Promotions Corporation's (Jampro) North American Regional Office Vivion Scully projects that the country is [...]

How can Jamaica cross the chasm to rebuild after COVID?

By |2020-08-24T05:16:06+00:00August 24th, 2020|news|

Recently the Private Sector Organisation of Jamaica (PSOJ) held its annual economic conference in a virtual format under the theme 'Crossing the Chasm: The Road to Economic Recovery'. There was a very clear effort by the organisers to build on the 134-page report of the COVID -19 Economic Recovery Task Force, itself subtitled 'Rebuild Jamaica'. [...]

Westmoreland bikers benefiting from $52-million training programme

By |2020-09-24T15:01:18+00:00August 22nd, 2020|Corporate Social Responsibility|

Ivolyn Dillon (second left), manager HEART Trust/ NSTA Petersfield Vocational Training Centre, and minister without portfolio in the Ministry of National Security Senator Matthew Samuda (third left), cut the ribbon to officially declare open the facility. Sharing in the moment are Dianne McIntosh (front row left), permanent secretary in the Ministry of National Security; [...]

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