Category: Business

Gov’t Should Reduce Asset Tax for Financial Institutions – Chang

Mr. Chung does not foresee greater reductions in the Central Bank's policy rate.

JMMB to Acquire 20% of Sagicor Financial following Deal for Alignvest

JMMB Group CEO, Keith Duncan, says they will not be involved in the day to day operations of Sagicor Jamaica, after a deal to acquire20-percent of their parent company...

JBA President Says Cash Reserve Reduction Will Boost Lending

Meanwhile, the Scotiabank CEO says the increase in lending is having an impact on the economy.

Wigton Windfarm Shares Allocations Announced

The Jamaica Central Securities Depository, JCSD, and Mayberry Investments have announced the allocations for shares in Wigton Windfarm. In statement today, JCSD and...

BOJ Set to Meet Inflation Target

Inflation is inching closer to the Bank of Jamaica’s lower target of 4%. According to data from the Statistical Institute of Jamaica, STATIN, inflation between...

BOJ Reduces Cash Reserve Requirements But The Informal Economy Could Missout on The Benefits

President of the Jamaica Bankers’ Association, David Noel, is warning that the informal business sector in Jamaica might not see the full benefits of the Bank of...

BOJ Reduces Cash Reserves Requirement from 9% to 7%

The central bank says the timing and scope for the next reduction will be determined by market conditions.

Lee Chin Says He’d Walk Away From Rooms on the Beach Deal

Chairman of the Economic Growth Council, EGC, Michael  Lee Chin, is raising concerns about speculations surrounding foreign investor, Puerto Caribe Properties Limited....

Wigton Set for Listing on JSE Next Week

Wigton will list on the JSE next week, which will open up the stock for public trading.

VM Investments Report $118 Million in Net Profits

Victoria Mutual Investments is reporting consolidated net profit of nearly 118 million dollars for the first quarter ended March 31, 2019. Victoria Mutual says this is...