Editor's note: The following is part two of a two-part series on what to look for and ask when taking out a loan.   HOW IS THE INTEREST CALCULATED AND ACCRUED? Interest can accrue in one of two ways, “reducing balance” or “add-on”. If the answer is anything other than

Editor's note – the following is the major part of the latest Quarterly Monetary Policy Report issued by the Bank of Jamaica on Friday (August 30, 2019).   INFLATION OUTLOOK Bank of Jamaica's projections indicate that inflation will fall below the lower limit of the 4.0 per cent to 6.0

BYLES...financial inclusion is the main effort that we are making to give assistance to the small business sector (Photo: Joseph Wellington) Governor of the Bank of Jamaica Richard Byles is embaracing the mandate of financial inclusion, which he deems as necessary in assisting the Small and medium-sized enterprises (SMEs) sector

Richard Byles, new governor of the central bank. Writes Mark Ricketts: "BOJ intervened with US$240 million in 2017, US$165 million in 2018, and so far in 2019, US$250 million. When will the raiding of the country’s reserves stop?" 1 2 Confidence Is so important to add belief to a country’s

This GOES-16 satellite image taken Wednesday, August 28, 209, at 17:20 UTC and provided by National Oceanic and Atmospheric Administration (NOAA), shows Dorian, a Category 1 hurricane, crossing over the U.S. and British Virgin Islands. Forecasters say it could grow to Category 3 status as it nears the U.S. mainland

Richard Byles, governor of the Bank of Jamaica (BOJ), addresses his first Quarterly Monetary Policy Report Press Conference, held in the BOJ Auditorium on Thursday, August 29, 2019. Credit extended by deposit-taking institutions to private-sector businesses as well as households has accelerated in recent months, growing to 16.8 per cent

There is a possibility that real estate ventures may see more funding from the $600 billion pension fund industry flowing their way. Recently passed pension amendments have tweaked restrictions on investment options related to the segment, allowing the funds to own shares in or provide debt financing to companies which