Following recent regulatory approval for the sale of its Curaçao and St Maarten banking assets, FirstCaribbean International Bank Limited (FCIB) is looking to grow its presence in the 10 Caribbean territories which will now form its core business. FCIB has been divesting different Caribbean markets since October 2021, nearly nine
Developments in the regulatory landscape in Jamaica have caused registered charitable organisations to improve their standards in terms of transparency, accountability, and corporate governance. The Charities Regulations, 2022 (“the Regulations”) ushered in a series of regulatory changes and imposed new obligations upon registered charitable organisations aimed at ensuring compliance with
The debate about the failings of the Jamaican economy has largely focused on productivity. The argument has been that our productivity is low and the task is to increase productivity. But, is low productivity the core issue? The answer is ‘no’! The core issue for the Jamaican economy is that
lready having a presence in 13 markets across the Caribbean through its GK Life Insurance subsidiary, food and financial services group GraceKennedy is now positioning to enter at least two other territories. CEO of the GK Group Don Wehby, in identifying Guyana and The Bahamas as the two territories, said
BANKS make money primarily by charging interest on loans. Consumers should, however, pay careful attention to their loan portfolios. For the past two weeks I have highlighted the relevance of debt management, and this week the spotlight is on the pros and cons of home equity loans and how these
INFInflation Report February 2024LATION REPORT FROM THE STATISTICAL INSTITUTE OF JAMAICA - MARCH 2024
Jamaica has been ranked the second-most affordable destination to retire in the Caribbean by publication The Travel. Recommending the seven most affordable territories in the region for Americans to retire, the writer of the article uses the monthly average cost of living from the World Population Review, the total
Playa Hotels and Resorts NV recorded its best year on record as a swift recovery of tourism markets in Jamaica, the Dominican Republic and Mexico resulted in it generating US$977.50 million (J$150.14 billion) of revenue, a significant step up to the US$636.48 million (J$82.60 billion) earned in 2019. The Dutch-based
CONCERNS have been raised about the permanence of the funding source for the $25 billion in tax cuts announced by Finance Minister Dr Nigel Clarke on Tuesday. The concerns were raised due to Clarke indicating that the tax cuts will be financed out of $45 billion in receivables the Government
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