THE freshly released annual report of the Bank of Jamaica (BOJ) chronicles the administrative changes which have been implemented one year after the Bank of Jamaica (Amendment) Act, 2020 took effect. The amended Act allows the central bank to operate independently of the Ministry of Finance while it seeks to
As the July deadline for microlenders to be licensed under a new supervisory regime by the Bank of Jamaica (BOJ) looms, the group representing microcredit institutions (MCIs) across the island is looking forward to a sit-down with the Ministry of Finance and the BOJ to discuss what it is describing
Jamie Dimon laid out a laundry list of big risks looming for the global and United States economy in his letter to JPMorgan Chase shareholders on Monday. Dimon’s annual letter has become something of a tradition for JPMorgan investors as well as the public. Never too shy to share his
Odia Reid (right), vice-president, claims, general counsel & corporate secretary, Advantage General Insurance Company, holds one of the donated laying hens while posing alongside Jonathan Wemyss-Gorman (middle) and Angela Lewis-Coley (left), residential service officer, Maxfield Park Children’s Home. https://jamaica-gleaner.com/article/news/20220407/corporate-hands-advantage-general-donates-egg-layers-maxfield-park-childrens
SAGICOR Group Jamaica (SGJ) on Friday last disclosed that it has completed 100 per cent share acquisition of Alliance Financial Services Limited (AFSL), after having met the Bank of Jamaica's (BOJ's) regulatory requirements. A release from the BOJ confirmed the Sagicor's takeover of AFSL, noting that, “Under the new ownership
1 comment PLAYERS in the insurance industry are being accused for not doing enough to deal with fraud because they can recoup any losses by charging consumers higher premiums. The claim was made by an industry insider, who requested anonymity to openly discuss the matter with the Jamaica Observer,
Newly Acquired AFSL Approved Cambio and Remittance CompanyBank of Jamaica (the Bank) advises that Alliance Financial Services Limited (AFSL) hasbeen fully acquired by Sagicor Group Jamaica Limited (SGJL). Under the new ownershipstructure, AFSL has satisfied the Bank’s due diligence requirements. In that regard,effective 23 March 2022, AFSL is licensed to
At the same time, lobby group Jamaica Environment Trust, JET, has raised concerns about the use of water from the sea to cool the proposed plant, for fear it could kill sea life in the Kingston harbour. The power company said LNG provides a stable supply of power which
Gordon “Butch” Stewart did not live to see his dream realised, but the first major world airline will touch down in seven months' time at Ian Fleming International Airport in St Mary, named after the famous author of the fictional James Bond spy thrillers popular with moviegoers. American Airlines (AA)
MONTEGO BAY, St James — Faced with a shortage of trained workers and a boom expected in the local hospitality industry over the next three years, the tourism ministry is offering free certification courses as it pulls out all the stops to find a way out of the problem. The
