Published:Thursday | July 12, 2018 | 12:00 AMAvia Collinder
Sagicor Bank Jamaica Limited has fielded a mobile point-of-sale device which can be used by merchants and small business persons on the go, potentially widening the market for cashless transactions.SWYPE, the new mobile device, is cheaper and likely...
Published:Tuesday | July 10, 2018 | 12:00 AMAvia Collinder
Use of automated banking services by rural customers continue to lag urban areas, but Brian Boothe, the head of retail banking at National Commercial Bank (NCB), expects they will eventually follow the trend, and is investing in making it happen.It'...
Published:Wednesday | July 4, 2018 | 12:00 AMAvia Collinder
The Vice Chancellery of the University of the West Indies (UWI) reported on Friday that governments of the region are making arrangements to settle debt owing to the institution, estimated at around US$200 million, in cash and kind.The update...
Published:Wednesday | June 27, 2018 | 12:00 AMAvia Collinder
Mortgage provider National Housing Trust (NHT) has added a mobile component to its outreach, which sees the state agency travelling to communities to assist residents with loan applications for the housing and benefits it provides.The 'mobile unit'...
Published:Friday | June 29, 2018 | 12:00 AMAvia Collinder
The first annual general meeting of newly formed Jamaica Manufacturers and Exporters Association (JMEA) featured elections, which saw manufacturing leaders Metry Seaga and Richard Pandohie slide into the positions of president and deputy president,...
Published:Monday | June 11, 2018 | 12:00 AMAvia Collinder
The Commission of Strata Corporations, CSC, quoted a new rate for registration fees in April, which, for some strata corporations, resulted in more than a 200 per cent increase.The cost to the stratas increased, even though the CSC had cut the rate...
Published:Thursday | June 21, 2018 | 12:00 AMAvia Collinder
An orchestrated but, in the end, under-supported bid by some shareholders to remove long serving board members of the Jamaica Stock Exchange Limited, the JSE Group, failed last Thursday, with all directors who were eligible for re-election returned....
Published:Friday | June 22, 2018 | 12:00 AMAvia Collinder
Jeffrey Hall, managing director of food and logistics conglomerate Jamaica Producers Group Limited, says for this year and beyond the company would place itself at the centre of major trends that fuel demand within the region and internationally....
Published:Friday | June 15, 2018 | 12:00 AMAvia Collinder
National Commercial Bank Jamaica is following other mortgage providers with an incentive programme for local realtors to go after a bigger slice of the mortgage loan market.Although NCB is the largest lender in Jamaica, it is outperformed in the...
Published:Friday | June 8, 2018 | 12:00 AMAvia Collinder
Healthcare and consumer products distributor, Kingston-based Medical Disposables and Supplies Limited (MDS), has been appointed as a distributor for the United States-based technology company 3M, expanding its portfolio in disposable supplies and...
Published:Monday | June 4, 2018 | 12:00 AMAvia Collinder
EduCom Co-operative Credit Union Limited saw its net surplus jump by nearly 30 per cent in 2017, which CEO Elvis King says was underpinned by an increase in its loan portfolio and non-interest income as it pursued an aggressive diversification...
Published:Monday | June 4, 2018 | 12:00 AMAvia Collinder
Financial services conglomerate Sagicor Group Jamaica announced earlier today that it has closed the deal with NASDAQ-listed Playa Hotels & Resorts N.V., to combine their tourism assets. Sagicor disclosed that having met all...
Published:Thursday | May 24, 2018 | 12:00 AMAvia Collinder
A large 68-acre complex at Old Harbour, St Catherine, will be the home base for a tech park complex to be developed by GeoTechVision Enterprises Limited, a company owned by Valrie Grant.Sagicor Investments Jamaica Limited, through its managed funds...
Published:Friday | June 1, 2018 | 12:00 AMAvia Collinder
Victoria Mutual Building Society has secured regulatory approval for an office in New York in the United States and will be opening in Brooklyn within the next nine months.VMBS currently has 15 branches in Jamaica, three representative offices in...
Published:Thursday | May 31, 2018 | 12:00 AMAvia Collinder
Melanie Subratie, chair of the legislation and regulations committee of Jamaica Chamber of Commerce and CEO of Stanley Motta, accedes to the need for a data protection law, but says the powers of proposed commissioner needs to be clarified...
Published:Wednesday | May 16, 2018 | 12:00 AMAvia Collinder
The Public Sector Employees Co-operative Credit Union Limited (PSECCUL) aims to grow its loan book by 20 per cent this year, particularly through its payday and home improvement products.PSECCUL basically intends to double its performance this year...
The Jamaica Used Car Dealers Association (JUCDA) says the vehicle inspection regime now in play is expected to lead to at least 10 per cent of its 151 membership being forced out of business by December.Since February 1, the preowned vehicles...
Published:Monday | April 30, 2018 | 12:00 AMAvia Collinder
Securities regulators in the three markets that fall under the long-touted Caribbean Stock Exchange (CXN) have amended rules to allow for seamless trading, and the stock exchanges now operate from a shared platform build by a South African vendor....
Published:Wednesday | April 25, 2018 | 12:00 AMAvia Collinder
This August will mark a decade since Kingston Properties Limited, which trades as KPREIT, made its debut on the stock market as a pioneer real estate investment trust in the business of managing income-generating property.It...
Published:Friday | April 27, 2018 | 12:00 AMAvia Collinder
The redevelopment of the old Forum Hotel is in its third phase, according to developer Michael Lake of Portmore Marina Development Limited, who is converting the 200-room property into 120 residential units.Portmore Marina will start marketing the...
Published:Thursday | April 26, 2018 | 12:00 AMAvia Collinder
Former Jamaican Prime Minister Bruce Golding said Martinique had a cost of living relatively higher than many of its Caribbean counterparts and 40 per cent higher than in France because almost all consumption was supported by imports from...
Published:Monday | April 23, 2018 | 12:00 AMAvia Collinder
The Ministry of Tourism has been working on new airlift arrangements to move Jamaica towards a goal of 60,000 South American visitors annually by targeting middle-class travellers.Tourism Minister Edmund Bartlett met with senior executives of LATAM...
Published:Thursday | April 19, 2018 | 12:00 AMAvia Collinder
Samuel Afonso Diaz, country manager for Hospiten Jamaica Limited, a private hospital located in Rose Hall, St James, indicates that the facility is in the process of expanding staff count to meet local needs.Diaz told the Financial Gleaner that "As...
Published:Wednesday | April 11, 2018 | 12:00 AMAvia Collinder
The Urban Development Corporation (UDC) is still contemplating whether to move ahead with a gestating plan to develop another parking garage in downtown Kingston, and has hired a consultant to review its commercial prospect.The project was...
Published:Friday | April 13, 2018 | 12:00 AMAvia Collinder
JN Bank Limited has reintroduced a mortgage product intended to capture the interest of professionals at the early stage of their career, by offering lower loan repayments that later increase as their earnings grow.Saniah Spencer, the marketing and...
