Congrats on your golden anniversary! Newly appointed head of the Bank of Jamaica, Richard Byles (right), congratulates founder and chairman of the ICWI Group, Dennis Lalor, OJ, at ICWI’s 50th anniversary celebration, held at the Devon House East Lawn on June 15. A number of top-ranking business leaders from the Caribbean, members of Government, friends [...]
Sagicor Investments Jamaica Limited will seek to raise up to $4 billion in an initial public offering of shares in Sagicor Select Funds Limited, a pool of funds that track financial stocks on the Jamaica Stock Exchange. The IPO which opens July 3 and closes July 17 will offer 2.5 billion units to the public [...]
Four years into his role as CEO of Seprod Limited and an equal number of years of campaigning to push growth in Jamaica’s agriculture sector, it was a moment of “mixed emotions” for Richard Pandohie, who has been appointed the new president of the Jamaica Manufacturing and Exporters Association (JMEA). “On one hand, I feel [...]
Sagicor Investments Jamaica Limited is buying a 60 per cent stake in Advantage General Insurance Company from rival NCB Capital Markets Limited. NCB Capital is also disposing of the rest of the shares it holds in Advantage to two other players. The deal is worth US$50.5 million ($6.59 billion). Resource in Motion, which is controlled [...]
Credit Unions worldwide operate on the philosophy of “People Helping People”. In a nutshell, they exist to serve their members through the mobilisation of collective savings and making loans to members. These members have shared interests and a common bond. The bond is usually established through being a member of particular organisation such as Jamaica [...]
Writer's Note - Last week in my first of two articles, I explained what is a divided and how are dividends paid? This week in part two, I explore why are dividends paid and give further details. WHEN ARE DIVIDENDS PAID? Dividends are paid out on a schedule that the directors of a company [...]
The IAJ welcomes the appointment of Richard Byles as Governor of the Bank of Jamaica. Mr Byles has an outstanding career spanning both Public and Private Sectors. He had an excellent track record as CEO of Sagicor Life leading it to a dominant position in the Life Insurance Industry and has served the IAJ [...]
The financial and business communities have firmly endorsed the appointment of accomplished corporate leader Richard Byles as the new central bank governor, pointing to his successes in the private sector and leadership of the Economic Programme Oversight Committee (EPOC), which monitored Jamaica's performance under its agreement with the International Monetary Fund (IMF). Finance Minister Dr [...]
Sagicor Investments Jamaica Limited intends to create a fund seeded with well over $1 billion that will finance infrastructure projects. The fund, which the brokerage plans to list on the Jamaica Stock Exchange, JSE, will invest in both new and established developments while working with partners in the construction and other related fields, said the [...]
GK General Insurance, GKI, has partnered with London-based company Tokio Marine Kiln and global reinsurance advisers Willis Tower Watson to bring a cyber insurance product to market. The product, called Cyber Control, which becomes available on July 1, allows for the coverage of individuals and commercial entities with revenue below US$10 million. Coverage, however, is [...]
