BUSINESS Sagicor Financial credit ratings under review

By |2022-09-08T09:57:52+00:00September 8th, 2022|Uncategorized|

Business Sagicor Financial credit ratings under review BY DAVID ROSE Observer business writer davidr@jamaicaobserver.com Sep 07, 2022 12:18 am · Sagicor FInancial Company's head office at the Cecil F De Caires Building in St Michael, Barbados. Sagicor Financial Company Limited (SFC) and its subsidiaries have had their credit ratings put under watch and review by [...]

New beer comes to market 24 Karat pushes for local penetration

By |2022-08-25T12:34:06+00:00August 25th, 2022|Uncategorized|

r. NEW entrant in the alcoholic beverage market, 24 Karat beer is moving to significantly increase market shares as it sets a precedent for growth in Jamaica over the next few years. Manufacturer and entrepreneur Peter Bovell and his business partner Richard Lee are the co-founders and owners of the local start-up company, Two Jamaican [...]

Growth momentum continues

By |2022-08-24T20:02:58+00:00August 24th, 2022|Uncategorized|

The Planning Institute of Jamaica (PIOJ) in its latest preliminary data on gross domestic product (GDP) performance has estimated growth of 5.7 per cent during the April-June quarter. Director general of the PIOJ Dr Wayne Henry, speaking at a quarterly briefing on Thursday, said that growth was largely influenced by the continued removal of [...]

Imports increase 34% — Statin report

By |2022-08-24T19:47:30+00:00August 24th, 2022|Uncategorized|

Consumer goods moved from US$429.6 million in 2021 to US$592 million in the period under review, reflecting an increase of 37.8 per cent JAMAICA'S imports for January – April 2022 grew by 34.4 per cent in value when compared to the same period in 2021, according to figures from the Statistical Institute of Jamaica (Statin). [...]

Sagicor wraps up Alliance Investment securities portfolio deal

By |2022-08-22T15:05:45+00:00August 22nd, 2022|Uncategorized|

Sagicor Group Jamaica announced this week that it has completed the purchase of the securities dealer book of Alliance Investment Management Limited, AIML, by its subsidiary Sagicor Investments Jamaica Limited. The price of the acquisition and the size of the portfolio of business were not disclosed. In a media statement Sagicor said it had completed [...]

FAO and WFP warn of looming widespread food crisis

By |2022-06-22T23:01:18+00:00June 22nd, 2022|news, Uncategorized|

Rome, Italy — The Food and Agriculture Organization of the United Nations (FAO) and the United Nations World Food Programme (WFP) have issued a stark warning of multiple, looming food crises, driven by conflict, climate shocks, the fallout from the novel coronavirus pandemic, and massive public debt burdens — exacerbated by the ripple effects [...]

April remittances steady

By |2022-06-10T14:32:47+00:00June 10th, 2022|news, Uncategorized|

Remittance flows inched up slightly in April, after suffering the first quarterly decline in eight quarters since the onset of the pandemic, according to new data from the Bank of Jamaica. Jamaica received the bulk of the US$271 million in net remittances, mainly from the United States, United Kingdom, Canada and the Cayman [...]

bados. Sagicor launcing neobank

By |2022-03-25T14:05:24+00:00March 25th, 2022|news, Uncategorized|

SAGICOR Financial Company Limited (SFC) will be launching a fully digital commercial bank come this June/July through an entity called Sagicor Bank (Barbados) Limited (SBB). SBB was incorporated in April 2021 and became a wholly owned subsidiary of SFC in November 2021. It will be headquartered in Barbados and forms part of SFC's goal [...]

Count the cost

By |2022-02-11T13:44:34+00:00February 11th, 2022|news, Uncategorized|

PRESIDENT of the Caribbean Development Bank (CDB) Gene Leon is encouraging regional governments to bite the bullet and make investments in renewable energy for the long-term benefits of such undertakings. With Caribbean countries signing on to Conference of Parties agreements aimed at reducing global warming by 1.5 degrees above pre-industrial levels by 2030, many are [...]

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