Jamaican banknotes AS the Bank of Jamaica (BOJ) inches closer to realising the full roll-out of its central bank digital currency (CBDC) or Jam-Dex, the bank is clarifying that it is not launching a war on cash. While speaking at the recent Jamaica Observer Business Webinar, deputy governor of banking & currency
SAGICOR Group Jamaica Limited (SJ) achieved its highest first-quarter (January - March) earnings to date as its net profit attributable to shareholders grew by 31 per cent to $3.82 billion, a figure which exceeded the $2.70 billion recorded in Q1 2019. The diversified financial services conglomerate’s revenue remained flat during
Published:Wednesday | May 11, 2022 | 12:10 AM Buoyed by a fourfold growth in profit for the March quarter, NCB Financial Group Limited has a favourable outlook on the periods ahead, despite the global uncertainties sparked by the Russia-Ukraine war. Its optimism rests in part on rising interest rates that
Hosin leaving Guardian Life for group position, finance chief ascends to presidency Share6 Published:Wednesday | May 11, 2022 | 12:06 AM File Patrick Hylton, chairman of Guardian Holdings Limited and Group CEO of NCB Financial. Amid pending changes at the top of the for Guardian Group’s management team, the insurance
Contributed SAY AHH – GOOD JOB! Ziraili Manumohalland, student of Alpha Infant School, anchors himself in the spanking new dental chair at the Alpha Dental Clinic and gives a lion-sized yawning access to dentist Dr Kimberly Freeman (second left) for an oral examination. The occasion was the official handover of
Following its acquisition of 100 per cent of the shares in Alliance Financial Services Limited, ASFL, in March, Sagicor Group Jamaica is also taking over the securities portfolio of Alliance Investment Management Limited, AIML, through subsidiary Sagicor Investments Jamaica Limited. Sagicor Investments and AIML have signed a definitive agreement for
Another global recession is looming and appears inevitable, a panel warned on Wednesday during a forum, convened by financial conglomerate Sagicor Group, to brief investors on investment strategies and world geopolitical and economic developments. World macroeconomic conditions, including ballooning inflation, interest rate hikes and other monetary tightening by leading central
A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral institution is saying it’s open to a roll-over of the facility
Notice Explaining the Nature and the Effect of the Pro Rata Condition of Average (Average Clause) THE AVERAGFE CLAUSE 2022
