President and CEO of Sagicor Group Jamaica (SGJ), Christopher Zacca, says the financial services conglomerate, which is heavily invested in insurance and banking, sees no loss of goodwill in Alliance Financial Services Limited (AFSL), which it is...
A ruling by the Caribbean Court of Justice, CCJ, in an almost two-year-old case, has restated the importance of the 40 per cent common external tariff, CET, to trade within the 15-nation Caricom trading bloc. The February 1 judgment is being hailed...
Rising inflation is creating a headache for governments and citizens alike in Jamaica’s major trading partner countries, particularly the United States. It’s also fuelling pass-through price increases along the still-problematic supply chain, all...
Outgoing Jamaica Country Representative and Caribbean General Manager of the Inter-American Development Bank (IDB), Therese Turner-Jones, is convinced that Jamaica’s chances of surviving the economic onslaught of the ongoing COVID-19 pandemic are...
Financial regulators Bank of Jamaica, BOJ, and the Financial Services Commission, FSC, have been brought into the loop on the emerging legal wrangle involving Cornerstone United Holding Jamaica Limited, CUHJL, and brokerage Sagicor Investments...
Therese Turner-Jones, the Caribbean economist and noted development advocate, says she has no ill will towards the Inter-American Development Bank (IDB) or its president, Mauricio Claver-Carone, who this month pulled the plug on her nearly nine-...
The Inter-American Development Bank, IDB, has not yet decided on the next five-year programme for Jamaica or the size of the new envelope the country will get in loan and grant aid from the institution. However, the bank’s president, Mauricio...
Creditors of Mystic Mountain Limited, MML, are to know on January 18 whether a creditors’ meeting held in August regarding settlement of the attraction company’s debt to holders of its secured bonds, which it has stated as $1.2 billion, will be...
Bank of the Jamaica, BOJ, which houses the prime contact office that spearheads Jamaica efforts to bring the country’s laws in line with the global regime on anti-money laundering and countering the financing of terrorism, or AML/CFT, regime, has...
As real estate developers attract increasing attention for the possibility of money laundering activities, there is an emerging difference of opinion on whether this segment of the real estate industry is covered in the existing anti-money...
On the heels of an endorsement of its portfolio company Barita Investments Limited by the Trinidad and Tobago finance minister, Colm Imbert, investment holding company Cornerstone is commenting for the first time on its relationship with...
With the intention of changing the Montego Bay skyline to boast more modern high-rise residences to rival the real estate construction boom taking place in Kingston, businessman Manoj Ramchandani, who is based in the western city, has delivered on...
Jamaica is unlikely to be taken off several international lists that have tagged the country as being non-compliant with the global anti-money laundering and combating the financing of terrorism, or AML/CFT regime, unless issues now before the...
Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off...
Creditors of indebted Ocho Rios attraction Mystic Mountain are scheduled to meet today in a bid to change the trustee in bankruptcy named last month by Mystic Mountain Limited, MML, as part of a proposal to settle nearly US$14 million, or...
Dr Sherridene Lee, at 33, is a decade into medical practice and two years into health business venture i-doc Concierge Wellness Services Limited, a partnership with colleague Dr Jacqueline Chambers. Now the western Jamaica-based doctors, with the...
In the aftermath of Sagicor Group Jamaica’s announcement of a US$100-million acquisition of a major stake in the LNG power plant that fuels the Jamalco alumina refinery, one of its analysts is recommending renewable energy and infrastructure assets...
Starting Thursday, July 1, all international business companies, or IBCs, registered in the popular offshore jurisdiction of St Lucia, will be governed by a new, less favourable regime, including higher income taxes and less confidentiality. It’s...
There is no letting up of the financial turbulence pummelling regional carrier Caribbean Airlines Limited, CAL, which this week reported continued financial haemorrhaging, with a first-quarter loss of TT$172.7 million (US$25.7 million). The loss is...
Former Prime Minister Bruce Golding is of the view that despite the existence of the Council for Trade and Economic Development, COTED, the Caricom bloc, as currently structured, lacks an appropriate administrative mechanism to resolve the...
Investments, insurance and private pension funds regulator, the Financial Services Commission, FSC, is warning that more pension funds may fold from the adverse impact of the ongoing COVID-19 pandemic. In its recently released review of the...
Approximately $210 billion in loan payments have been affected by extensions and moratoriums since last year, as the pandemic punched a hole in the economy and curtailed the ability of consumers and businesses to service bank debts. Loans on...
Two million ordinary shares of Guardian Holdings Limited, GHL, have been placed on the market for purchase by Jamaican investors, by NCB Global Holdings Limited, the vehicle through which the shares are held by NCB Financial Group Limited. The sale...
Having made a significant foray into property development with three residential high-rises in Kingston in the past four years, Guardian Life Limited, GLL, has bought up more real estate for future projects. President of the GLL, Eric Hosin, has...
