Sagicor Group's second quarterly financials were hit hard by unrealised capital losses as well as expected credit losses amounting to millions of dollars, due mainly to the downturn in the economy caused by COVID-19. In spite of this, the financial group was able to generate net profit attributable to stockholders

The COK Sodality Credit Union Limited has stepped into the future with the unveiling of its Universa core banking system, a well-timed technology—as more people utilises online banking due to the COVID-19 pandemic. The new platform will be fully functional next February, and will be available to COK's 270,000 members.

Given Jamaica's long struggle to economic stability, Finance Minister Dr Nigel Clarke has stressed the need for the country's fiscal discipline to be maintained over the coming years. With the country now in election mode, following the announcement last Tuesday that Jamaicans will vote on September 3, Clarke said that

Playa Hotels & Resorts, operator of all-inclusive resort hotels in the region, booked the equivalent of a near $4-billion loss on the sale of two properties in Jamaica. The outlook remains sombre for the hotel management company, which is wary of potential upsurges in the spread of the coronavirus a

5:00 pm, Wed August 12, 2020 1.                                                                                                                                                                                                                                                                                                                                                                                                                            The Bank of Jamaica is reporting that the country's net international reserves (NIR) declined in July. At the end of the month the reserves were valued at a little over US$2.7 billion. That was a decline of US$190 million when compared with the

THE Government will be allocating $1 billion in back-to-school assistance to just over 200,000 children who are on the Programme of Advancement Through Health and Education (PATH) and poor relief support. Making the announcement in the House of Representatives yesterday, Finance Minister Dr Nigel Clarke explained that this will include

After surpassing an $11-billion mark in gross written premiums (GWP) last year, British Caribbean Insurance Company (BCIC) has been ranked by Insurance Association of Jamaica (IAJ) as the leading general insurance company in 2019. According to IAJ statistics, this performance reflects a 28 per cent increase in GWP when compared

Sagicor is reporting mixed results for its two Select Funds, the Manufacturing & Distribution and the Financial Select Funds, for the second quarter ended June 30. On the positive side, the Manufacturing & Distribution Select Fund recorded a net profit of $239.9 million for the second quarter of 2020. This

THE importance of protecting Jamaica's vital infrastructure is reinforced in Fortinet's 2020 State of Operational Technology and Cybersecurity Report. Layard Terrero, Fortinet systems engineer and director for Central America and the Caribbean, says that Jamaica, like many other countries in Latin America and the Caribbean, needs to keep pace with