Real estate assets account for less than five per cent of pension fund portfolios, despite a vibrant property market. It's likely, says CEO of VM Pensions Management Limited Rezworth Burchenson, that fund managers are losing out on bigger returns from real estate and other asset classes that are outperforming the
The International Monetary Fund (IMF), is again pointing out that despite positive economic trends, economic growth in Jamaica remains subdued. The IMF Executive Board highlighted the problem in its fourth review under the stand-by arrangement for Jamaica. The Fund is recommending supply-side reforms to facilitate private sector investment which are
Foreign Affairs and Foreign Trade Minister, Senator Kamina Johnson Smith (left), makes a point to State Minister, Senator the Hon. Pearnel Charles Jr, at the quarterly press briefing held at the Ministry's Dominica Drive offices in New Kingston on November 7. (Photo: JIS) KINGSTON, Jamaica — Minister of Foreign Affairs
CABINET has approved the development of a Policy on National Disaster Risk Financing. The policy, a release from the Ministry of Finance and the Public Service said yesterday, is set against the backdrop that Jamaica, between 1993 and 2003, suffered from 26 natural disasters which resulted in total losses and
KINGSTON, Jamaica — The Road Safety Unit (RSU) in the transport ministry is reporting that 299 people have been killed in 264 crashes since the start of the year. Fatal crashes and fatalities have increased by three per cent and seven per cent, respectively, when compared with similar period in
China's foreign currency reserves declined in October in a sign Beijing might be intervening in the market to keep its yuan from falling too far against the dollar and triggering a possible backlash from the United States amid a tariff battle. The reserves, the world's largest, declined by about US$34
The Ministry of Finance and Planning has commissioned a study to assess competition in the space within which commercial banks operate in Jamaica with a view to identifying bottlenecks and impediments and to ensure a more competitive market. Among other things, the study, being overseen and steered by the Fair
The International Monetary Fund (IMF) is urging the Government to put more focus on supply-side reforms in its thrust to move the country away from lacklusture growth levels. IMF's executive board completed the fourth review of Jamaica's performance under the programme supported by the Stand-By Arrangement (SBA) on November 5.
Local insurance data show that more Jamaicans are purchasing critical illness policies. The Insurance Association of Jamaica says in 2017, 25 per cent of the 101,617 new policies sold were critical illness policies as persons protected themselves against the increase in Non-Communicable Diseases. The Life Insurance Industry paid out $21
Joseph Matalon (centre) appears to salute PSOJ President Howard Mitchell as Chris Williams President and CEO of Proven Investments look on at the PSOJ Hall of Fame ceremony at the Jamaica Pegasus hotel in New Kingston on Wednesday night. Joseph M Matalon, chairman of the ICD Group, was inducted to
