ADVISORY COLUMN: BUSINESSWISE The Businesswise column titled “Bank Customer Feels Naked and Exposed” published February 3, 2019, triggered a flood of responses from members or the public who fear being stripped of their right to privacy by the catch-all nature of the Bank of Jamaica’s anti-money laundering and anti-terrorism regulatory
ADVISORY COLUMN: INSURANCE HELPLINE The staff in the Financial Services Commission’s insurance division and its leaders earned applause last week. They have started a process to modernise the ways in which the $107 billion insurance industry that they regulate transacts business with consumers. The changes, which were predicted in my
For the financial year ending December 2018, IronRock Insurance – the newest entrant in a market of nine operating companies – generated a profit of $811,000. By itself that number would be unimpressive. But within its proper context – it marks a turnaround of a large loss of nearly $48
NCB Financial Group has been forced to extend the closing deadline for its takeover of Guardian Holdings Limited (GHL) because it still has hurdles to clear. Jamaica’s largest banking group needs approvals from Trinidad & Tobago’s Ministry of Finance under the Foreign Investment Act, Insurance Act, and Financial Institutions Act
Orthopaedic surgeon at the St Ann’s Bay Regional Hospital, Dr Cary Fletcher, is highlighting the need for motorbike riders and pillion passengers to wear lower-limb protective gear. Some common protective equipment worn by competitive and recreational bikers are specially made pants with built-in kneecap protectors, boots to safeguard the legs,
In a well-received address to the annual Jamaica Securities Dealers Association Breakfast Forum on February 13, 2019, Minister of Finance and the Public Service Dr Nigel Clarke started by noting that “it was the first time this century” that Jamaica had a debt to GDP ratio below 100 per cent,
Sagicor reported yesterday that a record number of participants have registered for this year's Sigma Corporate Run, scheduled for this Sunday in New Kingston. The 21st staging of the run, which has a target of raising $52 million for three beneficiaries, has surpassed its 2019 target of 25,000 participants, as
For the financial year ending December 2018, IronRock Insurance – the newest entrant in a market of nine operating companies – generated a profit of $811,000. By itself that number would be unimpressive. But within its proper context – it marks a turnaround of a large loss of nearly $48
The Jamaican Government will be ramping up its fight against crime, rolling out new legislation geared at giving the security forces greater powers and allocating $9.2 billion more to the Ministry of National Security than fiscal year 2018-19. The Government is projecting to spend approximately $803.2 billion in fiscal year
The Andrew Holness administration has signalled that the enactment of new legislation to fight crime, increasing the capacity of the Jamaican economy to produce goods and services, and seeking to understand the extent of the squatter problem are among the issues that will get priority attention in the new fiscal
