A team from the International Monetary Fund (IMF) is expected here today to conduct the first quarterly performance review under the four-year extended fund facility granted Jamaica in May.The mission will...
The London Whale trading loss is JPMorgan Chase's legal headache-of-the-week, but it's hardly its only problem.The bank, the nation's biggest, faces a swirl of investigations and lawsuits in addition to the US$6 billion loss with the memorable...
National Insurance Fund (NIF) is looking overseas for commercial property to buy, and is putting up land it owns in Jamaica for sale in a renewed push to restructure its asset mix.The first overseas acquisition is being...
Net profits at Sagicor Life Jamaica (SLJ) have improved for the second quarter ending June, coming in at J$1.6 billion compared to just J$620 million for the first quarter, showing recovery from the negative effects of the National Debt Exchange...
Despite marginal growth in revenue at half-year ending June, Supreme Ventures Limited (SVL) has reported a significant fall-off in profits by a fifth, a trend the company said will continue in subsequent quarters.The company said it expects consumers...
Leveraging its parent's manufacturing capacity for filets, breaded nuggets and other menu items, Fish Pot restaurant, a wholly owned subsidiary of Rainforest Seafoods...
New York state is trying to corral virtual currencies such as Bitcoin and may create new regulations to keep the growing technology from being used in crimes.
Indiana corn farmers will rebound from a dismal crop last year by producing nearly one billion bushels in 2013, according to a forecast released Monday by the United States Department of Agriculture (USDA).
Digicel also to cancel text, data roaming chargesDigicel Group's cancellation of roaming charges will on October 1 cover SMS, data and mobile calls across roaming Caribbean and United States markets.Caribbean Telecommunications Union...
BlackBerry Limited will consider selling itself after the long-awaited debut of its new phones failed to turn around the struggling smartphone maker.The company said on Monday that its board has formed a special committee to explore "strategic...
Greece is beating its budget targets by a wide margin so far this year, finance ministry figures showed Monday, a sign the country's painful cost cuts and tax increases, combined with international bailout funds, are paying off....
Scotia Investments has launched a Core Values brand campaign which highlights the common ground Scotia Investments shares with people who have crafted pathways to success."This campaign demonstrates our values as a company and the greater value we...
A lock-in feature to prevent employees from accessing their pensions when they change jobs should be front and centre in efforts to increase pension coverage in Jamaica, according to Rezworth Burchenson, managing director of Prime Asset Management Limited.
The shareholder governments of the regional airline, LIAT, on Friday signed a US$65-million loan agreement with the Caribbean Development Bank (CDB) as the cash-strapped airline seeks to upgrade its ageing fleet.
Can an insurance company force a claimant to take the salvage of a vehicle? Could this happen when the insured has no idea that the insurer had such a policy in the first place and did not sign any document relating to same?
I have been in ceramics manufacturing for over 10 years. I started my business out of pocket, and to be honest, things have not been easy. Working out of pocket was slow, but at least I could realise savings and it was not really stressful... From I entered the cycle of borrowing, running my business has got more difficult.
Given that the inflation rate is often above saving rates for various account types being offered by financial institutions, and attached to these accounts are various fees for holding and transacting with such accounts, is there any real way to save above the inflation rate and avoid account management fees?
Sometimes it is easier to hold on to the past than to address the present, for the elite to interact only with each other, to repeat the same actions, and to lose touch with those who they seek to help.
