Category: Business

Economist Says Gov’t Is Hurting Savers & Pensioners By Lowering Interest Rates

Mr. Jackson says the lower interest rates on savings are driving some people to the stock market where they can get better returns.

EPOC Chairman Calls For Flexible Exchange Rate, NIDS Implementation

His comments follow robust discussion in recent times among stakeholders calling for the anchoring of the Jamaican dollar to the US dollar

Bunting Challenges Investors

Opposition Spokesman on Investment, Peter Bunting, says investors who may want to shy away from potentially adverse public comments about deals they’ve agreed with...

Wigton Windfarm Makes History With Most Applications Ever Received For An IPO

The stock ended its first day of trading at 66-cents a share, up 32% over its initial share price of 50-cents.

Jamaica Outperforms Fiscal Targets – EPOC

The Economic Programme Oversight Committee, EPOC, says Jamaica outperformed its fiscal targets amidst aggressive policy moves by the Bank of Jamaica, BOJ. The...

Key Insurance Reports 5% Decline In Gross Premium Income

Key Insurance Company is reporting a 5-percent reduction in gross premium income for the first quarter ended March 31, 2019. Premium income for the period was nearly...

BOJ To Notify the Public Each Time A Transaction Surpasses $US100,000

Several stakeholders have complained about the wide swings in the Jamaican dollar in recent times.

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.