Following its application to the Financial Services Commission (FSC) in June, NCB Insurance Company Limited (NCBIC) has received approval that will now enable the National Commercial Bank Financial Group Limited (NCBFG) to proceed with streamlining the insurance business currently offered by its NCBIC and Guardian Life Limited (GLL) subsidiaries. The financial institution said that the [...]
Trinidad's First Citizens Investment Services (FCIS) has bought into Barita Investments Limited, taking up five per cent of the company's shares in the recently successful additional public offer (APO). The Trinidad-based investment bank, which is a fully owned subsidiary of First Citizens Bank Limited, is now a minority shareholder in the Jamaican investment and brokerage [...]
The Victoria Mutual (VM) Group will be looking to spread “happiness” across the Jamaican Diaspora with the staging of its virtual VM Diaspora web-expo to be held on October 3, 17 and 31. The event promises to provide participants with insights on wealth creation opportunities and practical advice on how to achieve their dreams of [...]
Food and financial services group GraceKennedy Limited has made another eight senior management changes, in furtherance of its ambitions towards being a global consumer group that earns the majority of its revenue from overseas holdings. The conglomerate, which recently put muscle behind its digital transformation initiative and named one of its top strategists, Steven Whittingham, [...]
COVID-19 fears have triggered an anecdotal decline in visits for medical attention among diabetic and hypertensive Jamaicans, potentially worsening their vulnerability to the highly contagious disease that has killed 101 people in Jamaica. The disclosure was made on Tuesday by president of the Jamaica Diabetes Association (DAJ), Lurline Less, who emphasised that a number of [...]
For as long as I can remember, I have been fascinated by stories of extreme weight loss. I would go through the before and after pictures, diligently comparing the two to ensure it was really the same person and then I would read in depth the measures that the person took to achieve losses of [...]
Chief executive officer of BlueDot Insights Larren Peart is encouraging micro, small, and medium-size enterprises (MSMEs) to utilise social media to collect primary data in order to gain a better understanding of and serve their target market. Peart in his recommendation said that social media is a cost-effective way for entrepreneurs to solicit feedback on [...]
More local businesses are ambivalent about the present and future business conditions in Jamaica. This is based on the Bank of Jamaica's (BOJ's) latest Survey of Businesses' Inflation Expectations for July 2020, which was released recently. The survey, which seeks to ascertain the expectations of businesses about variables, which are likely to have an impact [...]
3:44 pm, Mon September 21, 2020 1. A Working Group report authored by the Inter-American Development Bank (IDB) and the Centre for Global Development (CGD) has revealed that the COVID-19 pandemic has given rise to challenges in the financial systems of countries in Latin America and Caribbean countries. In the report titled "Sound Banks for [...]
9:59 am, Mon September 21, 2020 1. Tourism Minister Edmund Bartlett - file photo The Government is rolling out a J$100 million dollar programme to reposition small operators in the tourism industry. Tourism Minister Edmund Bartlett says the funds will be channeled through the National Export-Import Bank of Jamaica. The bank is administering a grant support programme of $1.2 [...]
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