Category: Business

Debt Servicing Falls Below 40%

Finance Minister, Audley Shaw, says for the first time in a long while the Government will be spending under 40-percent of the budget on debt servicing. Mr. Shaw says...

IDB Expert Proposes Funding Pension Schemes through Consumption Taxes

Vice President for Sector and Knowledge at the IDB, Dr. Santiago Levy has a bold suggestion to plug gaps in pension coverage for Jamaicans. He’s proposing pension...

BOJ Improving Transparency in Announcement of Policy

BOJ Governor Brian Wynter says the Central Bank is being more transparent in how it announces policy decisions. They’ve published a schedule of these...

Seprod Reports 38% Bump in 2017 Net Profits

The Seprod Group is reporting that a one-off investment gain of $360-million recorded in 2016, caused them to record a 19 percent or $165-million reduction in net...

G-West sees 16% Fall in Revenue in First Quarterly Reporting since Enlistment

Recently listed Junior Market company G-West Corporation has released its first quarterly reporting since listing on the Jamaica Stock Exchange in December last year....

Govt Fast-Tracking Establishment of New Customer Protection Agency

Finance Minister, Audley Shaw says the Government is fast-tracking the creation of a new consumer protection agency. The agency intends to – among other things...

General Accident Rues First Underwriting Loss in a Decade

The Directors of General Accident Insurance Company are disappointed with their December 2017 year-end underwriting loss. Reporting to Stockholders in their unaudited...

Credit-Scotia Transitions to LASCO Micro-Finance

Scotia Jamaica Micro-Finance Company Limited, formerly traded as Credi-Scotia, has changed its name to LASCO Micro-Finance Limited. This came into effect on December 1...

Lasco Manufacturing Records 22% Bump in Revenues

Lasco Manufacturing Limited recorded for their just-concluded December 2017 quarter improved revenues, up 22 percent. Revenues increased to over $1.7-billion from over...

Salada Foods Registers 55% Increase in Net After Tax Profits

Salada Foods Jamaica is reporting a 55-percent increase in profit after tax and a 49-percent increase in earnings per share for the three months ending December 2017....