Parliamentarians walk to Gordon House during the Ceremonial Opening of Parliament. – Gladstone Taylor Photo The Government is projecting to spend approximately $773.7 billion in the new fiscal year which begins on April 1. This is $31.8 billion less than the $805.5 billion budgeted for current fiscal year which ends
Mortgage rates are trending down, which means lower interest income, and banks are getting more aggressive at going after new business with the introduction of a teaser rate that rewards mortgagors for switching lenders. As the mortgage market adjusts to a new interest rate environment, long-standing mortgagors are turning out
Health Minister Dr Christopher Tufton (left) listens as cardiologist and managing director of Partners Interventional Centre of Jamaica Limited, Dr Victor Elliott, explains the functions of a cardiac machine, during a recent tour of the facility at Medical Associates Hospital in St Andrew. Located on the second floor of the
EXECUTIVE vice- governor of Gansu Province in China, Huang Qiang, says his Government is ready to invest up to US$6 billion to develop an industrial park and special economic zone (SEZ) alongside JISCO/Alpart operations in Nain, St Elizabeth. Huang made the announcement at the signing of a framework agreement on
PIOJ director James Stewart, PIOJ Director General Dr Wayne Henry and PIOJ Programme Director Elizabeth Emanuel at the organisation's headquarters in New Kingston yesterday. (Photos: Bryan Cummings) The Planning Institute of Jamaica (PIOJ) has projected growth in the Jamaican economy for financial year 2017/18 in the range of 0.5 per
The bulk of the Jamaican economy is not engaged in earning foreign exchange, and this imbalance perhaps places some strain on our ability to consistently earn enough to “pay our way” as a country. To become a strong economy driven and sustained by hard currency earnings, either existing exporters need
Question: My Nissan motor car was involved in an accident late last year. Another car ran into its back. The estimated cost of repair is $600,000. I have several problems. The other vehicle is company-owned. The accident has not been reported to the other insurer as yet. Secondly, my insurer
The Financial Services Commission (FSC) regulator of the securities market, says Sagicor Investments Jamaica Limited continues to lead the unit trust market, with nearly half of the assets under management. In the span of one year, unit trusts and mutual funds, which are classified as collective investment schemes, climbed in
When you hear the term “financial stability,” words like freedom, retirement and security may readily come to mind. We usually think of financial stability as a synonym or prerequisite for financial independence. When the Bank of Jamaica (BOJ) refers to financial stability, however, it is referring to financial system stability.
Contrinute Natalie Powell, branch manager, Sagicor Bank, May Pen, puts a smile on this little one’s face during the Sagicor Foundation back-to-school health tour held at AME Basic School in Portland Cottage Clarendon, recently. The tour provided free vision, audio and oxygen saturation tests to all students from its three
