Newly Acquired AFSL Approved Cambio and Remittance CompanyBank of Jamaica (the Bank) advises that Alliance Financial Services Limited (AFSL) hasbeen fully acquired by Sagicor Group Jamaica Limited (SGJL). Under the new ownershipstructure, AFSL has satisfied the Bank’s due diligence requirements. In that regard,effective 23 March 2022, AFSL is licensed to
At the same time, lobby group Jamaica Environment Trust, JET, has raised concerns about the use of water from the sea to cool the proposed plant, for fear it could kill sea life in the Kingston harbour. The power company said LNG provides a stable supply of power which
Gordon “Butch” Stewart did not live to see his dream realised, but the first major world airline will touch down in seven months' time at Ian Fleming International Airport in St Mary, named after the famous author of the fictional James Bond spy thrillers popular with moviegoers. American Airlines (AA)
MONTEGO BAY, St James — Faced with a shortage of trained workers and a boom expected in the local hospitality industry over the next three years, the tourism ministry is offering free certification courses as it pulls out all the stops to find a way out of the problem. The
THE Statistical Institute of Jamaica (Statin) released final gross domestic product (GDP) figures for the fourth quarter of 2021 showing the recovery from the pandemic-induced economic contraction is well underway. The data show expansion in the fourth quarter was measured at 6.7 per cent. This was the sixth-consecutive quarter of
SYGNUS, the Jamaica-based alternative investments company, has its eyes set on being a major player in the Spanish-speaking Caribbean using the recently acquired Puerto Rico-based Acrecent Financial Corporation to pursue the aim. Sygnus Credit Investments completed the acquisition of 93.66 per cent Acrecent Financial on February 28 through its SCI
WITH FHC Investments Limited (FHCIL) admitted to the Jamaica Stock Exchange (JSE) as a member dealer and having a brokerage licence in hand, the budding firm is looking to scale its operations in 2022 as it plans to make a bigger splash in the trillion-dollar financial services industry. The licensed
BANKING sources have told the Jamaica Observer that the race to new digital frontiers in the transactional space is intensely competitive, with service providers watching each other either to match or exceed the pace of the fastest mover. The island's two largest banks – the National Commercial Bank and Scotiabank
Restaurant and entertainment company KLE Group has offloaded its core restaurant business that consisted of the Usain Bolt Tracks and Records (UBTR) eatery, sports bar and entertainment spot, to associated company FranJam, in a deal that frees the company’s balance sheet of the drag of the loss-making UBTR, while allowing
File CEO of JFP Limited, Metry Seaga Jamaican business stakeholders are urging the local manufacturing and sale of more construction inputs and renewable energy to offset the commodity spikes and supply disruptions resulting from the global economic upheavals caused by the Russian invasion. “We have got to learn to make
