ial planning and how they can provide greater comfort and safety for the future. Although it is popular to encourage young people to invest, it is even more important for clients over the age of 70 to maintain or to begin investing prudently. There are many examples of people who
The Financial Services Commission (FSC) has proposed new guidelines for collective investment schemes (CIS) which cover unit trusts and mutual fund offerings in a bid to enhance regulatory oversight and better govern the $345-billion CIS industry. These newly proposed guidelines are set to take effect on December 1, subject to
THE pace of growth in the local economy slowed in the first half of this year to 2.9 per cent as the country completed the recovery from the pandemic-induced decline and settle down to lower rates of expansion. The Planning Institute of Jamaica (PIOJ), who revealed the preliminary data for
China’s yuan dipped briefly to a 16-year low against the dollar on Thursday, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump. The Chinese currency slid to CN¥7.32 to the dollar before recovering to CN¥7.26, following what financial analysts said
Consumer prices rose by 1.1 per cent for the month of July, the Statistical Institute of Jamaica, Statin, has said. It also emerged on Tuesday that a new director general is being sought for Statin, but the current head, Carol Coy, declined to comment on the matter, kicking questions instead
nsurance giant Sagicor Group Jamaica Limited thinks that business conditions have improved somewhat, compared to a year ago, but profit still dipped 18 per cent for its June second quarter to $3.4 billion. “Unstable market conditions experienced throughout 2022 have ameliorated somewhat in the current period but continue to provide
JAMAICA'S unemployment rate fell to a new low according to the latest findings from the April 2023 Labour Force Survey (LFS) which saw more people working now than at any other time in the country's history. The Statistical Institute of Jamaica (Statin),which reported the data Tuesday, said the unemployment rate
Jamaica imported 50,786 motor vehicles worth $81 billion in 2022, approximately 26 per cent more than the number of vehicles allowed in the island in 2021. In 2021, the Trade Board Limited granted import licences for 40,396 vehicles at a value of US$503 million (J$77 billion). Last year's value was
as he extends himself to give closer scrutiny to the NCB Financial Group. Still, shareholders were told in a highly anticipated investor briefing on Thursday that they will have to wait until the end of the calendar year before seeing a resumption of quarterly dividend payments. "I am happy to
Investors expressed their displeasure with NCB Financial Group Limited's (NCBFG) decision to skip another dividend payment, shedding the company's shares in early morning trading Thursday, pushing the stock price traded down to $52, despite the financial conglomerate raking in $7.39 billion in consolidated net profit for its third quarter up
