GraceKennedy has extended its cash offer to purchase more than 313 million shares in Key Insurance Company. The offer, which opened on January 27 was scheduled to close on February 17 - and has now been changed to March 2. GraceKennedy noted that the Directors' Circular has not been circulated
HE organisers of this year's Sagicor Sigma Corporate Run surpassed their fund-raising target, netting a record-breaking $55,301,419 for the run's three beneficiaries — Bustamante Hospital for Children, Savanna-la-Mar Hospital and Clifton Boys' Home. The announcement was made yesterday by president and CEO of Sagicor Group Jamaica, Christopher Zacca, in his
Minister of Finance and the Public Service Dr Nigel Clarke says he will provide further details about the proposed catastrophe bond being developed for Jamaica in his budget presentation next month. Dr Clarke made the disclosure while addressing the opening ceremony for the two-day European Investment Bank (EIB) Caribbean Roadshow
Having carried out an independent assessment of GraceKennedy proposed $2.01 per share purchase of the remaining shares in Key Insurance Company, the board is recommending that minority shareholders accept the offer. Last December, GraceKennedy acquired a 15 per cent interest in Key Insurance advising of its intention to make a
KINGSTON, Jamaica - An additional $25 million has been earmarked in the 2020/21 Estimates of Expenditure, now before the House of Representatives, to continue institutional capacity strengthening at the Financial Services Commission (FSC) during the next fiscal year. The project, which commenced in October 2017, aims to bolster the FSC's
As the world moves to upgrade existing 4G wireless networks to the next generation of 5G, Government involvement will be crucial towards its success, according to Rohan Pottinger, chief technology officer at Digicel Jamaica. Pottinger was speaking recently on what is needed to create the local infrastructure to support 5G,
BRIDGETOWN, Barbados — Lamenting the fact that borrowing member countries (BMCs) were only able to achieve just about an average of one per cent growth in 2019, president of the Caribbean Development Bank (CDB) Dr Wm Warren Smith says the task for the institution he leads remains the empowerment of
KINGSTON, Jamaica— The Government is to spend $339.706 million on the Poverty Reduction Programme IV in the new fiscal year. As outlined in the 2020/21 Estimates of Expenditure, now before the House of Representatives, the project seeks to empower residents of volatile communities to achieve their fullest potential and contribute
Finance Minister Dr. Nigel Clarke has said the Government is looking to introduce micro-insurance as part of overall policy safeguards against risks associated with climate and weather-related events. Dr. Clarke said the policy initiative, aims to broaden and deepen the penetration of peril risk insurance among homeowners and business operators.
The Government will this fiscal year continue to focus on strengthening public financial administration as it pushes Jamaica towards economic independence, which is no longer a dream but is becoming a reality. That's the charge given by Governor General Sir Patrick Allen as he delivered the 2020-2021 Throne Speech in
