Minister of Finance Dr Nigel Clarke has expressed concern over what he describes as the politicising of the exchange rate over the years. With the Jamaican dollar trading at a record high of over J$134 to US$1, Clarke yesterday told The Gleaner that with Jamaica's floating exchange rate, movements in
Property insurance company IronRock Insurance Ltd more than tripled net earned premium for its second quarter ending June 30th, triggering a reduction in underwriting loss for the company to $15.2 million. Since its listing on the Jamaica Stock Exchange last year, IronRock has been trying to weather its losses with
MINISTER without portfolio in the Ministry of Finance and the Public Service Fayval Williams says increased local demand for the United States (US) dollar over recent weeks has resulted in further depreciation in value of the Jamaican dollar against the US currency. The Bank of Jamaica's website indicates that the
KINGSTON, Jamaica — The Ministry of Health today announced that effective August 1, there will be an increase in user fees for services provided to non-residents and patients with health insurance, at all public health facilities. According to a release from the ministry, these increases were previously approved by Cabinet
MONTEGO BAY, St James — Sandals International Resorts (SRI) revealed last week that the major slice of agricultural produce consumed by guests at Sandals properties in Jamaica, is grown locally. “Of the 5.4 million pounds of produce, including fruits and vegetables that all of our resorts (in Jamaica) consume annually,
Speaking at the annual shareholders' tour of the Cement Company factory in Rockfort, Peter Donkersloot, general manager, shared the good news that his company is doing well, yet also shared his confusion as to why the official statistics do not reflect growth in the construction sector. “In terms of growth,
KINGSTON, Jamaica — The House of Representatives this afternoon approved the new national minimum wage (NMW) of $7,000 per 40-hour work-week for the lowest paid workers. The new rate, which becomes effective on Emancipation Day, August 1, will increase the old rate of $6,200, which has been in effect since
Playa Hotels & Resorts Limited expects to recoup its investment in the Jewel Grande and Hilton Rose Hall resort properties acquired under a deal with Sagicor Group Jamaica, in less than five years. The disclosure was limited to those two properties - both based in Montego Bay - and Playa
JN Life Insurance Company is now offering health insurance coverage for policyholders visiting the Caribbean and United States, under different arrangements. The plan will utilise the Aetna network for medical services for Jamaicans while in the United States, but will operate on an open network within Caribbean markets, with no
Insurance Company of the West Indies (ICWI) yesterday announced that it has distributed more than 300 water bottles to its staff to utilise, instead of disposable plastic cups, at water fountains in its 13 branches islandwide. The move, the company explained, forms part of its contribution to reducing the use
