Now that the Government of Jamaica has eased the tax burden on real estate transactions, mortgage providers are already jockeying for market share with new financing deals. At the same time that private banks are making it easier for property...
The latest numbers, at first blush, appear to reflect a substantial fall-off in cruise passenger arrival numbers in the July to September quarter, but the Planning Institute of Jamaica (PIOJ) says they should really be read as a normalisation of the...
Pension funds could be the conduit for about $25 billion of venture capital financing, but while the Jamaican Government is laying the groundwork for this to happen, it's a more risky bet that traditionally conservative fund managers acknowledge...
Dominican Republic is challenging the jurisdiction of an arbitration panel to hear the dispute with regional investor Michael Lee-Chin, who has accused the government of "unlawful expropriation of multimillion-dollar investments" in that country.On...
The Council for Trade and Economic Development (COTED), has suspended the common external tariff on petroleum products imported from outside the region by CARICOM member states, for a period of one year, effective November 16.The decision, taken at...
Proven REIT and JMMB Fund Managers, companies owned by rival financial firms, have come together to acquire a commercial property, spanning 58,000 square feet of space, at the Portmore Pines Shopping Complex in Greater Portmore, St Catherine.The...
Pro-Vice-Chancellor of Planning for the University of the West Indies (UWI) Professor Densil Williams is describing as incubatory plans to offer shares in the institution via an initial public offering (IPO) that would result in its listing on the...
The sugar sector in the Caribbean is protected from outside competition by a 40 per cent tariff on brown sugar imports, and producers want that protection extended to refined sugar as a predicate to developing a market internally.In a new position...
Microfinancing company Sprint Financial Services Limited has brokered a new partnership with the Jamaica Manufacturers and Exporters Association, JMEA, to offer 'invoice factoring' to its membership.Factoring is a financial transaction in which a...
Manufacturers of styrofoam have been given more than a year to exit production, but William Mahood says his company needs a longer timeline to come up with alternatives beyond the 2020 deadline announced Monday.The options reviewed so far for...
Kingston Properties Limited, which trades under the symbol KPREIT, has completed the sale of four condo units in South Florida and is setting aside proceeds for acquisitions in Jamaica and Cayman Islands in deals that are close to consummation....
It's now 21 years since bailout agency Finsac was established to address problems of insolvency in the financial sector, but plans to wind up the company are hostage to unresolved court cases.The Ministry of Finance told the Financial Gleaner that...
New data indicate some measure of success in the rehabilitation of insolvent pension schemes.At the end of last year, insolvent schemes represented seven per cent of active pension plans, and accounted for 1.07 per cent of the pension assets under...
JN Life Insurance Company is now offering health insurance coverage for policyholders visiting the Caribbean and United States, under different arrangements.The plan will utilise the Aetna network for medical services for Jamaicans while in the...
A stipulation that firms must hire independent investigators to look into disputes to Jamaica's Labour Relations Code is in the cross hairs of business interests, who say the requirement creates a financial burden that falls disproportionately on...
Brenda-Lee Martin, the newly appointed CEO of Sagicor Estate X Fund Limited, says the company has exchanged all units held in the Sigma unit trust for shares in Playa Hotels...
Kingston Properties Limited, real estate investment trust which trades on the market as KPREIT, is eyeing more commercial properties in Jamaica and the Cayman Islands, says CEO Kevin Richards said. Those acquisitions would be financed by loan proceeds...
The four-way merger to create a super training agency is well under way, but the promise of what the new entity can become is still a work in progress.Managing Director Dr Janet Dyer is overseeing the full integration of the National Youth Service,...
