Latest News
HUGO APP TO LEAVE JAMAICA
ugo, which opened its Kingston leg in January 2021, operated in the capital city and Portmore. On April 30, the service delivery app Hugo will cease its operations in Jamaica. A termination memo sent last [...]
Business Hospitality sector rebound drives growth for Sagicor X Fund
The continued rebound of the tourism and hospitality sector has led Sagicor Real Estate X Fund Limited to increase revenues to $7.1 billion during it 2022 financial year — 23 per cent above the prior [...]
BCIC makes changes to its senior management team
British Caribbean Insurance Company Limited (BCIC) has promoted Garth Rowe, formerly general manager – finance, to the newly created role of chief strategy officer effective March 13. Rowe is a highly accomplished financial executive with [...]
IDB bearish on regional economic prospects Projects 1% growth for LAC in 2023
The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023. In [...]
Jamalco set for sale
The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal. The refinery is majority owned by Noble Group Holding Limited, NGHL, which is [...]
Credit Suisse-UBS deal offers hope, but bank doubts persist
Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained [...]
Press Releases
MINISTRY OF FINANCE 2023 BUDGET PRESENTATION
MINISTRY OF FINANCE 2023 BUDGET PRESENTATION HMFPS-BUDGET-PRESENTATION_March-7-_TO-PRINT-E-3 M
BANK OF JAMAICA INCREASES CASH RESERVE REQUIREMENTS AND MAINTAINS POLICY RATE
Summary of Monetary Policy Discussion and Decision - February 2023 At its meeting on 16 and 17 February 2023, the Monetary Policy Committee (MPC) unanimously decided to increase by one percentage point (pp) the domestic [...]
JN Bank Limited Onboarded as New Wallet Provider for JAM-DEX
JN Bank Limited Onboarded as New Wallet Provider for JAM-DEX Press Release - JN Bank Limited Onboarded as New Wallet Provider for JAM-DEX
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