A People’s National Party (PNP) government led by Dr Peter Phillips would abolish the requirement for student loan guarantors. Phillips, the opposition leader and PNP president, committed yesterday that the repayment of student loans would only begin when graduates were employed. “The monthly repayments of students’ loan will be capped

LONDON, United Kingdom (AFP) — A hard no-deal Brexit or a delay on Britain leaving the European Union? The British Parliament's thumping defeat of Theresa May's Brexit deal increases the likelihood of both options. The House of Commons shot down the prime minister's long-suffering divorce deal with the other 27

CARIBBEAN Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the rating of jmAAA for Sagicor Life Jamaica Limited (SLJ) on its debt issue of US$75 million. The rating indicates that Sagicor's creditworthiness to the US$75 million obligation, adjudged in relation to other obligations within Jamaica is the highest. According

Shadow Finance Minister Mark Golding began his budget speech yesterday by noting “the burning issue of low growth”, observing that even what he called the “modest but achievable” growth targets the last PNP Administration had set for the years 2013/2014 to 2019/2020 had now slipped — and that if they

Effective immediately, Jamaica Mortgage Bank (JMB) will be reducing the ­premium rate for mortgage indemnity ­insurance (MII) coverage by up to 29 per cent. The MII, rates which were seven per cent of mortgage loans, will now be cut as low as five per cent, said JMB General Manager Courtney

Legitimate providers of small loans in the micro market believe the bill to regulate the sector may have gone too far in its efforts to address predatory lenders. Dr Blossom O’Meally-Nelson, chairman of the Jamaica Association for Micro Financing (JamFin) wants the crafters of the Micro Credit Act to rethink

Opposition spokesman on Finance Mark Golding has ridiculed the Government’s $14-billion stimulus package, charging that it provides incentives mainly for the rich, but nothing for the “vast majority” of Jamaicans in inner-city communities scattered across several constituencies, including the one represented by Prime Minister Andrew Holness. Further, Golding mocked the

The Jamaica Customs Agency said it is on track to roll out the electronic single-window system for trade in 2021. The system, which is currently being worked on by customs and border regulatory agencies, will facilitate the submission on one platform of all documentation relating to trade. "We understand, we have listened and

Jamaican Olympic gold medallist and the world’s fastest man, Usain Bolt, was today announced as the global spokesperson for scooter company Bolt Mobility. Bolt Mobility today announced the national launch of its hi-tech, consumer-focused personal electric scooters at a news conference on the steps of New York City Hall in New York. Bolt Mobility

Opposition Spokesman on Finance Mark Golding says the government could have given an additional $16 billion in tax breaks that would benefit "ordinary consumers" without reducing revenues in real terms. As an example, Golding says general consumption tax (GCT) could have been reduced from 16.5 per cent to return $16 billion