Courtney Wynter, General Manager of Jamaica Mortgage Bank, has suggested that Jamaica could use housing developments to grow the economy. According to Mr. Wynter, mortgages in Jamaica, as a percentage of gross domestic product, lag behind that of developed countries, highlighting the fact that there is also a huge gap
Jamaica registered its first current account surplus in over a decade during the first three months of 2015. Higher tourism receipts helped, but a reduced trade deficit and lower shipping costs factored more in the positive balance for net foreign exchange earnings, excluding capital flows, such as debt financing and
DIVERSIFICATION is a technique that lowers risk by allocating investments among a variety of financial instruments, industries and other categories. It aims to maximise returns by investing in different areas that would each respond differently to the same event. Diversification is the most important factor of reaching long-range financial goals,
KINGSTON, Jamaica (JIS) –Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, believes Jamaica’s economy should not be significantly impacted by the financial turmoil being experienced in Greece. In a referendum on Sunday, Greeks voted no to international terms of bailout and reform measures set by its creditors, after
It is not true that public sector workers have got no wage increase over the past five years, as even though their wages were supposed to be frozen, Government increased its public sector wage bill by some 26 per cent, according to Co-Chair of the Economic Programme Oversight Committee (EPOC),
PRESIDENT and CEO of the Port Authority of Jamaica Gordon Shirley reckons that Jamaica could benefit from French shipping giant CMA CGM’s decision to partner with China on a US$1- billion ship and financing facility and the development of the ‘One Belt, One Road’ project. The development comes roughly a
Dr Parris Lyew-Ayee Jr (right), director at Mona GeoInformatics Institute, outlines the new JNGI Fatal Crash Map to (from left) Chris Hind, general manager, JN General Insurance Company (JNGI); Senior Superintendent Calvin Allen, head of the police Traffic and Highway Division, and Kenute Hare, director of the Road Safety Unit
FINANCE and Planning Minister Dr Peter Phillips remains confident that Jamaica will pass the ninth review under the International Monetary Fund’s (IMF) four-year Extended Fund Facility (EFF). Speaking at a Private Sector Organisation of Jamaica (PSOJ) annual economic forum, held at the Jamaica Pegasus Hotel, New Kingston, on Tuesday, Dr
CLAUDIENNE EDWARDS Observer writer Sunday, June 28, 2015 Dear Claudienne: I am a customer of ICWI, New Kingston head office. On December 3, 2014, I paid for car insurance to cover the six-month period from December 4, 2014 to June 3, 2015. However, I received a certificate of insurance to
British Caribbean Insurance Company (BCIC) has introduced a ‘no fault discount’ for policyholders involved in accidents that are provably not their fault. It replaces the ‘no claims discount’ that the company offered on policies covering privately owned vehicles. But BCIC managing director, Peter Levy, says the new discount will be
