Jamaica's historical economic performance and current reality indicate that all other things considered, the only lever we have to drive significant and sustained increases in growth above the anaemic 1% to 2% that we have managed, at best, over the last two decades is through increases in our net exports.
The National Insurance Scheme (NIS) was established in 1966 and is a compulsory, contributory, funded social-security scheme. Employers and employees make contributions to the National Insurance Fund (NIF), and these contributions are used to finance NIS benefits and administrative costs. Annual surpluses of contributions over benefits and administrative costs are
I am bringing together much of what I have written about deciding to invest in past columns for the benefit of the many prospective and new investors who ask about how to invest. It is important to recognise that investing is dynamic because the needs of investors change, as do
Scotia Group Jamaica Limited will distribute life insurance products on behalf of Sagicor Group Jamaica's insurance arm, for which it will earn fees, once the sale of its life insurance business is concluded. The No. 2 banking group will set up a new insurance sales unit that will offer advisory
Finance Minister Dr Nigel Clarke has announced that as of April 1, 2019 employees will start paying more in deductions for the National Insurance Scheme (NIS). Speaking in parliament this afternoon, Clarke said contributions will be increasing from five per cent of individuals’ salaries to five and a half per
More than 200 persons living in downtown Kingston benefited from a health fair at the Kingston Public Hospital (KPH) on December 1. The health fair, which took place at the hospital's Out Patient Department North, was held in collaboration with the Insurance Association of Jamaica (IAJ) and the Jamaica Medical
Highly placed sources last night suggested that the Government is about to put the troubled state-run Petrojam refinery up for sale. Prime Minister Andrew Holness has scheduled a press conference for this morning at which he is likely to make the announcement, the usually impeccable sources said. Ahead of any
With motor vehicle claims speeding past $9.4 billion last year, the Insurance Association of Jamaica (IAJ) is partnering with revenue authorities and the police to roll out a database early in the new year, aimed at dragging down insurance fraud. The Insurance Vehicle Information System (IVIS) is one of the
Grace Foods (USA), Inc. a company owned by GraceKennedy Limited, said it will be acquiring a 49 per cent equity stake in a new joint venture company, Majesty Foods, a Florida-based manufacturer of patty and empanada products. The range of Majesty’s product portfolio is marketed under its own brands ‘Patty
ROBERT Montague, minister of transport and mining, told the House of Representatives recently that the ministry would be rolling out hundreds of new cameras over the next three to four months, across several towns islandwide. He said areas like May Pen, Mandeville, Montego Bay and Ocho Rios already have the
