he Jamaica National Group (JN Group) has appointed Elizabeth Ann Jones as the new chair of the group, following the passing of former chairman, Oliver Clarke, who died on May 16. Jones, a retired chartered accountant, is the first woman to chair the board of directors in the history of
Jamaica Teas Limited manufacturing arm was saved in its third quarter ended June 30 by a jump in export sales, as domestic sales during the period were flat. The manufacturing operations had good results during the quarter with sales improving by 33 per cent to $386 million with the main
Sagicor Group's second quarterly financials were hit hard by unrealised capital losses as well as expected credit losses amounting to millions of dollars, due mainly to the downturn in the economy caused by COVID-19. In spite of this, the financial group was able to generate net profit attributable to stockholders
The COK Sodality Credit Union Limited has stepped into the future with the unveiling of its Universa core banking system, a well-timed technology—as more people utilises online banking due to the COVID-19 pandemic. The new platform will be fully functional next February, and will be available to COK's 270,000 members.
Given Jamaica's long struggle to economic stability, Finance Minister Dr Nigel Clarke has stressed the need for the country's fiscal discipline to be maintained over the coming years. With the country now in election mode, following the announcement last Tuesday that Jamaicans will vote on September 3, Clarke said that
Playa Hotels & Resorts, operator of all-inclusive resort hotels in the region, booked the equivalent of a near $4-billion loss on the sale of two properties in Jamaica. The outlook remains sombre for the hotel management company, which is wary of potential upsurges in the spread of the coronavirus a
5:00 pm, Wed August 12, 2020 1.                                                                                                                                                                                                                                                                                                                                                                                                                           The Bank of Jamaica is reporting that the country's net international reserves (NIR) declined in July. At the end of the month the reserves were valued at a little over US$2.7 billion. That was a decline of US$190 million when compared with the
7:57 am, Wed August 12, 2020 1.                                                                                                                                                                                                                                                                                                                                                                                                                           The police will begin next month to use android devices and portable printers to issue traffic tickets to offending motorists. (Michael Sloley/JIS photo) The Ministry of National Security on Tuesday launched a pilot programme for the handheld traffic ticketing software. The police will
THE Government will be allocating $1 billion in back-to-school assistance to just over 200,000 children who are on the Programme of Advancement Through Health and Education (PATH) and poor relief support. Making the announcement in the House of Representatives yesterday, Finance Minister Dr Nigel Clarke explained that this will include
After surpassing an $11-billion mark in gross written premiums (GWP) last year, British Caribbean Insurance Company (BCIC) has been ranked by Insurance Association of Jamaica (IAJ) as the leading general insurance company in 2019. According to IAJ statistics, this performance reflects a 28 per cent increase in GWP when compared
