BNS sells another Caribbean bank

By |2020-06-28T22:51:21+00:00June 28th, 2020|Uncategorized|

The Bank of Nova Scotia (BNS) continues to reduce its Caribbean presence by selling some country operations. Caribbean Investment Holdings Limited (CIHL) announced on June 22 that it has reached an agreement for the purchase of Scotiabank (Belize) from Scotiabank Caribbean Holdings Ltd., a subsidiary of BNS for an initial purchase price of up to [...]

Sagicor Manufacturing and Distribution Select Fund lists on JSE

By |2019-12-28T00:51:25+00:00December 28th, 2019|Uncategorized|

Reynaldo Thompson (left), manager – research, portfolio and fund management, Sagicor Select Fund Limited, inserts the Sagicor Manufacturing and Distribution strip on the listing board of the Jamaica Stock Exchange (JSE), during a listing ceremony on Wednesday December 18. Looking on are: (front row, from left) Marlene Street Forrest, managing director, JSE; Sara Ying Henriques, [...]

Moody’s upgrades Jamaica’s rating

By |2019-12-13T14:27:20+00:00December 13th, 2019|Uncategorized|

Moody's Investors Service (Moody's), the internationally recognised bond credit rating arm of Moody's Corporation, has changed Jamaica's outlook from positive to stable while upgrading the long-term issuer and senior unsecured ratings of the Government of Jamaica from B3 to B2. The senior unsecured shelf rating was upgraded from (P)B3 to (P)B2. Jamaica's Minister of Finance [...]

JSE Group leads the pack – 21 stocks make double digit gains at half-year

By |2019-07-05T16:07:36+00:00July 5th, 2019|Uncategorized|

Twenty-one stocks, representing about a quarter of ordinary listings on the Jamaica Stock Exchange (JSE) made double-digit gains between January and June, reflecting a continuation of the market’s bull run. The stocks gained between 12 per cent and 173 per cent over six months. Comparatively, the six-month Treasury bill rate is 1.8 per cent. The [...]

Oran Hall | How to protect and rebuild your credit

By |2019-06-24T13:01:34+00:00June 24th, 2019|news, Uncategorized|

QUESTION: I lost my job four months ago, and prior to that, I had acquired debt in an attempt to create income-producing assets. Little did I know about managing money! I bit off more than I could chew. Not having a job now, I have only one working asset and a business that’s in [...]

Bikers speeding towards 100 fatalities, data reveal

By |2019-05-07T09:28:03+00:00May 7th, 2019|Uncategorized|

Motorcyclists account for a third of road users killed since the start of the year. With 50 fatalities recorded among bikers in just over four months, the final figure for 2019 could go well beyond 100 if they do not make safety a priority when using the nation’s roads. In an effort to curtail the [...]

EU aims to put speed limit technology on cars

By |2019-04-01T12:52:36+00:00April 1st, 2019|Uncategorized|

In this May 15, 2013 file photo a traffic sign indicating a speed limit of 120 km/h (75 mph) is pictured at the highway A59 close to Troisdorf, Germany. The European Union (EU) is moving to require cars and trucks to have technology that would deter speeding as well as data recorders to document the [...]

Pension increase for government pensioners this year

By |2019-03-09T13:35:30+00:00March 9th, 2019|Uncategorized|

1:23 pm, Wed February 27, 2019 Government pensioners are scheduled to receive an increase in the upcoming financial year, following approval by Cabinet. Information Minister Ruel Reid made the announcement Wednesday morning at the Post-Cabinet Press Briefing. He did not outline the level of increase, saying only that the details will be provided by Finance [...]

Johnson going after bigger markets, more profit for Sagicor Bank

By |2019-02-01T14:00:43+00:00February 1st, 2019|Uncategorized|

On January 29, Chorvelle Johnson completed her first year as head of Sagicor Bank, the banking outfit now known more for its friendly, personalised customer service and its efficiency, than for its chequered past as an amalgam of failed banks bought by Trinidad’s Republic Bank then acquired by conglomerate Sagicor Group Jamaica. Johnson insists that [...]

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