ugo, which opened its Kingston leg in January 2021, operated in the capital city and Portmore. On April 30, the service delivery app Hugo will cease its operations in Jamaica. A termination memo sent last week revealed that, based on its acquisition by German giant Delivery Hero, it would close
The continued rebound of the tourism and hospitality sector has led Sagicor Real Estate X Fund Limited to increase revenues to $7.1 billion during it 2022 financial year — 23 per cent above the prior year. The company in a year-end report said that the solid performance continues to be
British Caribbean Insurance Company Limited (BCIC) has promoted Garth Rowe, formerly general manager – finance, to the newly created role of chief strategy officer effective March 13. Rowe is a highly accomplished financial executive with over three decades of experience in corporate finance and accounting. He has served as the
The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023. In its annual macroeconomic report released during the annual Board of Governors meeting in Panama, the
The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal. The refinery is majority owned by Noble Group Holding Limited, NGHL, which is based in Hong Kong. “NGHL has announced that it has entered into a call option
Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the
Hundreds of farmers in the communities of Flagaman, Greenfield, Southfield, and Top Hill, in St Elizabeth are to benefit from a US$200-million Pedro Plains Irrigation Scheme, with which the Government is moving ahead. Prime Minister Andrew Holness made the announcement during his contribution to the 2023-24 Budget Debate in the
THE Opposition has urged Government to remove the guarantor requirements to access funding from the Students’ Loan Bureau (SLB) for all students, instead of limiting it to those on the Programme of Advancement Through Health and Education (PATH). Julian Robinson, the Opposition spokesman on finance, made the call in
Bank of Jamaica has taken note of an article published in The Gleaner on March 1, written by Dr Samuel Braithwaite and titled ‘BOJ Monetary Policy: Is There a Byles Effect?’ In the article, several questions were posed to BOJ, and in the context of the issues raised, the central
NVESTING IN mutual funds as part of retirement planning can be beneficial to an investor in the long term, says Marissa Williams, assistant vice-president of sales and client services at JN Fund Managers. Williams explained that for persons to enjoy their golden years, proper financial planning is necessary. She noted
