New Fortress Energy, which commissioned its natural gas floating terminal off the coast of Old Harbour on Friday, plans to increase its gas output fivefold at the facility by year-end. The American company started pumping gas at the Old Harbour terminal in March and expects to reach full output by

Director General of Statin, Carol Coy, speaks at the release of the quarterly GDP, Inflation and Labour Force Survey data at Knutsford Court Hotel in Kingston on Wednesday, July 17, 2019. The new hirings of men outpaced that of women in the latest quarterly jobs survey published by the Statistical Institute

QUESTION: What is the difference between a mutual fund and a hedge fund? – Jaden FINANCIAL ADVISER: Mutual funds and hedge funds are investment funds that pool investors’ money and invest it in a wide variety of assets, but they differ from each other in many ways. These pooled investment

QUESTION: H ow do insurance companies make money? There are a lot of activities in this sector. A Barbadian insurer entered the local market a few months ago. A change in the ownership of the country’s biggest motor insurer is also taking place. A big, locally owned financial group now

Voila! It's officially open (left to right) Peter Levy, MD cuts the ribbon to the newly refurbished floor as Doreen Samuels (human resources Manager), Heather Pinnock (GM — Urban Development Corporation), Lori-Ann Glasgow (GM — Marketing), Garth Rowe (GM- Finance) and Benjamin Pringle (manager- Information Technology) watches. British Caribbean Insurance

BCIC expects its motor premium pricing to fall as it rolls out a new ­technology platform and migrates customers online. The general-insurance company is also upgrading the facilities at its headquarters in downtown Kingston with several changes, which are also customer-centric, Managing Director Peter Levy said on Wednesday. The initial

The unemployment rate is at an all time low. The Statistical Institute of Jamaica (STATIN) released the latest labour force survey results on Wednesday. As at April 2019, Jamaica's jobless rate dropped to 7.8 per cent - two per cent lower than it was at this time last year. STATIN

The Statistical Institute of Jamaica (STATIN) in their latest report on the Consumer Price Index (CPI) has reported an inflation rate of -0.1 per cent for June 2019. In a news release from the entity yesterday it was reported that the movement in the basket of goodies was attributed to

Sagicor is reporting that it is now the second-largest conglomerate on the Jamaica Stock Exchange, measured in terms of profitability. The feat was achieved at the end of its 2018 financial year, which was a bumper one for the multi-line financial services group whose operations span banking, insurance, investment, real

The hidden costs of running a competitive Airbnb property eat into any profits a host may think he can gain, according to an entrepreneur, who has since left behind his job of managing such properties. In light of the recent debate sparked by the suggestion from JHTA President Omar Robinson