A decision is pending on the application by hotel developer Seawind Key Investment Limited, SKIL, to construct a 261-room Dreams Resort in Montego Bay. But it’s not saying whether a denial of a permit from regulator National Environment and...
The Private Sector Organisation of Jamaica, PSOJ, is upping the ante in its ongoing broadside against the central bank’s aggressive monetary policy stance, citing what the umbrella business group says is a double whammy of rising interest rates...
The Jamaican central bank has joined calls led by the big multinational financial institutions for governments to be careful how they go about implementing or prolonging the use of subsidies to cushion their populations and productive sectors...
Barita Investments Limited, BIL, is laying the groundwork for major developments that will include conversion of the former Ruins complex into a river attraction, a resort project in St Mary, an ultra-modern warehouse on land acquired at Ferry in...
Last year is on record as having been the best in recent times for Jamaicans to have bought a home. That’s because lower interest rates were on offer from financial institutions eager to pump up their mortgage loan books. It was also the last year...
Ambassador Richard Bernal has had a varied professional life that included a 10-year stint as Jamaica’s ambassador to the United States and as a Caribbean representative on the board of the Inter-American Development Bank (IDB). Many of the issues...
A senior World Bank official is seeking to assure Jamaica and other countries that they need not fear being squeezed out of the funding pipeline because of the large amounts of money the multilateral agency has had to be funnelling to the eastern...
The continuing delay in bringing closure to proposed changes to tax laws and policies remains a source of irritation to the group that represents chartered accountants in Jamaica. As a result, Allison Peart, president of the Institute of Chartered...
A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral...
Another global recession is looming and appears inevitable, a panel warned on Wednesday during a forum, convened by financial conglomerate Sagicor Group, to brief investors on investment strategies and world geopolitical and economic developments....
Bank of Jamaica, BOJ, which coordinates the national payments system in Jamaica and chairs the statutory body, the National Payments System Council, NPSC, says the transition to a new messaging system for financial institutions is inevitable, and...
The future of Jamaica’s economic ties with the United States, the world’s largest economy and Jamaica’s largest trading partner, rests on the pillars of entertainment, tourism and remittances, noted economist, Caribbean trade negotiator, academic...
Omar Brown, at 41 years old, says heading up Alliance Financial Services Limited, AFSL, which he has been doing since April 1, was never specifically in his plans. But heading up an organisation as chief executive officer certainly was. That’s why...
Amid soaring prices for building materials and increased labour costs for workers, who had to be housed on-site amid the raging COVID-19 pandemic, businessman and real estate developer Manoj Ramchandani recently put on the market his maiden...
Sagicor Group Jamaica chose Omar Brown to head up the remittance and cambio business it acquired last month to anchor what appears to be a new expansion strategy. The growth plan will see Sagicor Bank utilising Alliance Financial Services Limited’s...
The Russian invasion, continued occupation and perpetration of atrocities in Ukraine are influencing the teaching and research agenda of the University of the West Indies. At the same time, the Faculty of Social Sciences on the Jamaican campus at...
Guna Muppuri’s Bioprist Institute of Medical Sciences, BIMS, part of his multibillion-dollar Grand Ridge Medical City health tourism project, could be assured of its first cohort of students from an effort now under way to recruit Indian and...
After overcoming some setbacks, S Foods, the new boutique supermarket and eatery in the heart of the New Kingston business district, is open, offering shoppers a mixed grocery, café and fast food service complete with veranda seating. S Foods owner...
The Inter-American Development Bank is holding up Jamaica as a raving success story for the global outsourcing industry, more popularly known as business process outsourcing or BPO, but the head of the multilateral financing institution is...
The Jamaican government and those around the world, as well as business leaders and consumers, are being urged to begin to consider the possibility and dire implications of a new global recession caused by a conflation of factors emanating from the...
Jamaica’s operation of a two-tiered corporate tax system that treats regulated and unregulated companies differently is causing a headache for microlenders who are unsure of where they stand. Companies in the sector have been paying the marginal...
Financial conglomerate Sagicor Group Jamaica is reporting significant earnings for 2021 – the second year of the COVID-19 pandemic – with $17.6 billion in net profit for the year, $17.4 billion of which is attributable to shareholders. That’s 26...
Caribbean Airlines Limited, CAL, is touting a refreshment of its fleet of airplanes, an instalment payment plan for tickets, and a reintroduction of popular Caribbean foods on its flights as lynchpins of a reset of its operations. This...
The central bank has painted a picture of the financial system as being more than adequately capitalised to deal with any shocks from rising interest rates, with robust monitoring of the banks’ loan books. It is downplaying fears in some quarters...
Evoking images of the wide-scale collapse of many businesses in Jamaica in the 1990s and the meltdown of the financial sector it triggered as a result of bad bank debts, the Private Sector Organisation of Jamaica, PSOJ, is suggesting that the...
