Minister of Industry, Investment and Commerce Audley Shaw says the Government is embarking on an initiative to facilitate the digitisation of over 25,000 business operations within the next three years. “With the demand to go digital, especially given the current novel coronavirus pandemic, information technology-enabled services, logistics and digital transfers
Kingston, Jamaica — Sagicor Group Jamaica has rolled out a week-long series of activities geared at promoting the development of the company's male team members by improving their leadership skills and facilitating meaningful conversations on topics impacting men. This coincides with International Men's Day, being observed on November 19. The
Buoyed by strong third quarter results, Sagicor Jamaica President Chris Zacca is boasting that the local financial conglomerate has not had any capital flight, even with growing concerns about asset quality in the financial sector. Arguing that many assets in the local financial sector have taken a hit because
Most insured property owners in Jamaica and the rest of the Caribbean dodged an insurance rate increase in 2020, thanks to the COVID-19 pandemic, which sparked lockdowns and other business interruptions that forced large reinsurers to hold off implementing higher charges in the Caribbean region. But Sharon Donaldson, managing director
New regulatory guidelines will allow pension funds to double their US dollar-denominated assets by next year, but industry insiders say it may might lead to a reduction in portfolio holdings for some. That’s because some funds already hold more than the proposed limit, due to different regulatory rules that are
Insurance behemoth Sagicor Group Jamaica is celebrating a big third-quarter profit rally which has tempered two previous quarters of sizeable profit declines linked to the COVID-19 economic fallout, which threatens the financial conglomerate’s 20-year unbroken streak of annual profit growth. Core business improvements and lower loan provisioning at its commercial
Finance Minister Dr Nigel Clarke has revealed that 2019 recorded the most new companies being registered in Jamaica. Presenting data from the Companies Office of Jamaica, Clarke indicated that 3,822 companies were registered last year, up from 3,160 in 2018. As at November 11 this year, 3,586 new companies have
As many organisations consider more permanent models of virtual work, we explore what Slack, Microsoft Teams and Facebook are developing to support the new model. Within a matter of days, COVID-19 demolished traditional working patterns across the world: offices were closed, meetings gave way to videoconferences and water cooler moments
KINGSTON, Jamaica - Tourism Minister Edmund Bartlett says a “very strong” communication programme will be rolled out for the Jamaica Cares travel insurance programme, which will be launched soon. The revolutionary initiative is aimed at providing travel protection and emergency services to tourists coming into the island, given the impact
New regulatory guidelines will allow pension funds to double their US dollar-denominated assets by next year, but industry insiders say it may might lead to a reduction in portfolio holdings for some. That’s because some funds already hold more than the proposed limit, due to different regulatory rules that are
