WITNESSING an 11 per cent uptick in the number of companies incorporated last year, the Companies Office of Jamaica (COJ) said it is encouraged by the growing list of entrepreneurs who have been moving to secure formality for their businesses. Data from the entity show that in 2022 some 5,412
CO-CHAIRMAN of the Economic Programme Oversight Committee (EPOC) Keith Duncan is calling on the Government to review the 9 per cent wage-to-GDP (gross domestic product) ratio that was set in the fiscal rules 10 years ago with projections that the target which has been breached for the last few years
JAMAICA’S AGEING population is increasing, and its growth may have implications for pensions and social welfare policy. According to the Statistical Institute of Jamaica, the population of people age 65 and over increased from 11.3 per cent in 2011 to 11.9 per cent in 2013, and is expected to be
ugo, which opened its Kingston leg in January 2021, operated in the capital city and Portmore. On April 30, the service delivery app Hugo will cease its operations in Jamaica. A termination memo sent last week revealed that, based on its acquisition by German giant Delivery Hero, it would close
The continued rebound of the tourism and hospitality sector has led Sagicor Real Estate X Fund Limited to increase revenues to $7.1 billion during it 2022 financial year — 23 per cent above the prior year. The company in a year-end report said that the solid performance continues to be
British Caribbean Insurance Company Limited (BCIC) has promoted Garth Rowe, formerly general manager – finance, to the newly created role of chief strategy officer effective March 13. Rowe is a highly accomplished financial executive with over three decades of experience in corporate finance and accounting. He has served as the
The Inter-American Development Bank, IDB, says Latin America and the Caribbean countries, known as the LAC region, need to rise to the challenge to lower inflation and reduce the public debt burden in 2023. In its annual macroeconomic report released during the annual Board of Governors meeting in Panama, the
The company that holds the Jamalco alumina refinery is being transferred to an undisclosed third party, as part of an emerging deal. The refinery is majority owned by Noble Group Holding Limited, NGHL, which is based in Hong Kong. “NGHL has announced that it has entered into a call option
Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the
Hundreds of farmers in the communities of Flagaman, Greenfield, Southfield, and Top Hill, in St Elizabeth are to benefit from a US$200-million Pedro Plains Irrigation Scheme, with which the Government is moving ahead. Prime Minister Andrew Holness made the announcement during his contribution to the 2023-24 Budget Debate in the
