he International Monetary Fund, IMF, sees no systemic impact arising from the alleged fraud at Stocks & Securities Limited. “The fraud highlighted weak risk management practices in the company – SSL – which holds assets of about US$120 million, or 0.8 per cent of the assets of the non-bank financial
THE exploration of an African-Caribbean tourism trade mechanism is among several opportunities being considered at the Global Tourism Resilience Conference, which Prime Minister Andrew Holness says is essential in boosting the growth of the sector. Holness was addressing the opening ceremony of the conference at the Regional Headquarters of The
The Ahpo superyacht has been listed for sale at US$355 million. (Photo: Luxury Launches) Michael Lee-Chin is selling his Ahpo superyacht for US$355 million ($55.03 billion) as the Jamaican-Canadian billionaire continues to offload more of his assets. The 377.6-foot superyacht was delivered in December 2021 after being built by German
Investors who hold stocks, bonds and other securities and have them deposited at the Jamaica Central Securities Depository, now have a web-based portal that can take care of queries about their accounts and give real-time updates on securities that they have deposited with the JCSD. The platform was installed
The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing. https://jamaica-gleaner.com/article/business/20230215/us-inflation-slows-64-cent-price-pressures-re-emerge#.Y-5XoDQRD0w.mailto
RECOGNISING the need for more capital solutions for start-ups in the micro, small and medium-sized enterprise (MSME) space to scale their businesses, the Development Bank of Jamaica has plans to introduce two new programmes that will match MSMEs with providers of equity capital. https://www.jamaicaobserver.com/business/dbj-to-launch-angel-venture-capital-funds/https://www.jamaicaobserver.com/business/dbj-to-launch-angel-venture-capital-funds/
Microsoft is fusing ChatGPT-like technology into its search engine Bing, transforming an internet service that now trails far behind Google into a new way of communicating with artificial intelligence. The revamping of Microsoft’s second-place search engine could give the software giant a head start against other tech companies in capitalising
