The Central Bank of Trinidad and Tobago (CBTT) said business operations are starting to recover following the gradual opening of the economy since the third quarter of 2021. In its Monetary Policy statement, the CBTT said that with respect to financing, business credit rose by 1.3 per cent year-on-year in
The Bank of Jamaica (BOJ) issued $12 billion in net currency during the last 10 working days of December 2021. The currency issued during the period contributed to an overall growth of $22.5 billion or 11 per cent in the currency stock for December 2021 relative to the previous month.
The Central Bank of Barbados, CBB, has introduced a foreign exchange platform that allows a person to apply for funds to be remitted abroad. The new system, CBB Forex Online, is designed to “create a more efficient exchange controls platform that allows the bank to better monitor trends and minimise
Insurance Association of Jamaica (IAJ) is reporting a significant increase in claims on life insurance policies for the first nine months of 2021, when compared to the corresponding periods in 2020. According to the IAJ, “Death Claims on individual life policies for the period January to September 2021 were up
DEATH OF MICHAEL A. FRASER, OD, JP, CLU CHAIRMAN OF THE JAMAICA MEDICAL FOUNDATION Members of the Insurance Association of Jamaica (IAJ) and the Jamaica Medical Foundation (JMF) an outreach arm of the Insurance Industry, are saddened by the passing of Michael A. Fraser, on January 8, 2022. Age 79
The Minister of Tourism Edmund Bartlett has applauded the pending opening of ROK Hotel Kingston, hailing the development on the Kingston waterfront as an invaluable investment that will add to the revitalisation of the capital. Following a recent meeting with hotel stakeholders, Bartlett said the hotel's opening is coming at
AddThis Sharing Buttons Share to Print Share to FacebookShare to TwitterShare to EmailShare to More 1With another year under COVID-19, the Business Observer has reviewed the performance of the largest movers by market capitalisation in 2021. Winners GraceKennedy Limited (GK) – This conglomerate was the 13th best-performing stock in 2021,
ExxonMobil said on Wednesday that it made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer. The discoveries occurred in an area where officials believe they can extract at least 10 billion oil-equivalent barrels. The company
New vehicle sales in the United States rebounded slightly last year from 2020’s dismal numbers but were still about two million below the years before the coronavirus pandemic. The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer
President of the Caribbean Development Bank (CDB) Hyginus “Gene” Leon is proposing a new strategy to advance regional integration. Leon said the strategy of relying on politicians to implement changes at the national level has not been working and must now be revised. “You have to first start from an
