SCOTIABANK'S Senior Vice-President Dr Adrian Stokes believes that prudent risk and cash flow management strategies will be critical for local businesses to navigate the economic shock triggered by COVID-19. Addressing an investment briefing for Scotiabank customers recently, Dr Stokes said local businesses would need to assess the risks to their
Many investors use “repos” as a tool to keep some funds liquid while earning more than a bank account. Repos pay investors interest over relatively short periods of time, for example, 30 days, 90 days and up to one year. Despite its popularity, many investors don't know the actual risk
Health insurance providers are reshaping the way they do business to deal with the fallout or exploit opportunities from the COVID-19 pandemic, which they say has not been as harmful to their business as first anticipated. In what they describe as a mixed bag, the insurers have seen a fall-off
The NCB Financial Group is awaiting the green light from regulator the Financial Services Commission, FSC, to begin streamlining its insurance arm. Having taken over large regional insurance conglomerate Guardian Holdings Limited last year, NCB is now looking transfer the insurance and annuities business of NCB Insurance Company, NCBIC, to
The Bank of Jamaica (BOJ) is maintaining its policy interest rate at 0.50 per cent per annum for at least another month. The BOJ's policy interest rate is the rate the bank offers to deposit-taking institutions on overnight placements. The decision by the BOJ to hold its policy rate unchanged
Health insurance providers are reshaping the way they do business to deal with the fallout or exploit opportunities from the COVID-19 pandemic, which they say has not been as harmful to their business as first anticipated. In what they describe as a mixed bag, the insurers have seen a fall-off
Jamaica's inflation rate for April 2020 was 0.2 per cent as the All Jamaica Consumer Price Index (CPI) moved from 103.5 in March 2020 to 103.7. The Statistical Institute of Jamaica (STATIN) issued the new figures in a release on Wednesday. The April 2020 bulletin introduces a new CPI series.
While the COVID-19 pandemic has proven catastrophic for the global economy, companies that are able to quickly adapt to combat the impacts of crises are the ones that investors are particularly interested in, according to Dmitri Dawkins, managing director of Graft Ventures. “In the last recession in 2008/2009 we had
WASHINGTON, DC, United States (CMC) — A new study by the Inter-American Bank (IDB) says Latin America and the Caribbean (LAC) will suffer “an unprecedented economic shock” from a sharp downturn in tourism as a result of the novel coronavirus (COVID-19) pandemic. The report, 'Extreme Outlier: The Pandemic's Unprecedented
In a bid to strengthen its local insurance portfolio and optimise its product and service offerings and customer experience, the National Commercial Bank Financial Group (NCBFG) has commenced the process of streamlining the insurance business currently offered by its competing subsidiaries — NCB Insurance Company Limited (NCBIC) and Guardian Life
