FINANCE Minister Dr Nigel Clarke has refuted claims that the Government will collect $99 billion more in revenues, as a result of the high inflationary environment, in the next fiscal year which begins next week. Clarke was responding to claims made by Opposition spokesman on finance, Julian Robinson during his
SAGICOR Financial Company Limited (SFC) will be launching a fully digital commercial bank come this June/July through an entity called Sagicor Bank (Barbados) Limited (SBB). SBB was incorporated in April 2021 and became a wholly owned subsidiary of SFC in November 2021. It will be headquartered in Barbados and
THE Bank of Nova Scotia Jamaica (BNSJ) Limited has decided to expand its derivative products to include foreign exchange (FX) forward contracts which will allow its corporate and commercial customers to hedge against the volatility in FX rates. A derivative is a financial contract between two or more parties which
agicor Real Estate X Fund Limited is in recovery mode following the downturn of the hospitality sector in 2020. The company's fortunes have turned around as X Fund posted a net profit attributable to shareholders of $376.50 million in 2021 compared to the drastic net loss attributable to shareholders of
DESPITE recording a net loss attributable to shareholders of US$3.61 million ($514.22 million) in its 2020 financial year (FY), Sagicor Financial Company (SFC) saw a massive rebound and recorded its highest net profit attributable to shareholders of US$133.18 million ($20.65 billion) for 2021. This surpassed the US$72.23 million ($8.98 billion)
AP The Interpipe Steel plant in Dnipro, Ukraine, on March 10, 2022. 1 2 It can be hard to measure the ways that Russia’s war in Ukraine has disrupted the global supply of parts and raw materials needed to complete a variety of products – from cars to computer chips.
Citing a need to diversify, renewable energy company Wigton Windfarm Limited is entering the electric vehicle market via acquisition of a stake in an entity called Flash Holdings Limited. Wigton’s 21 per cent stake in Flash, a holding company registered in St Lucia, will give it an equivalent share in
THE e-payment market more than doubled over the last two years, according to data from the Bank of Jamaica (BOJ). Data obtained from the central bank show e-payment transactions in 2021 were valued at $26.89 billion. That was up 129 per cent over the $11.69 billion which were made
FOLLOWING several appeals from trade unionists, minimum wage earners will receive an additional $2,000 every 40-hour work week beginning April 1, 2022. The new $9,000 weekly price floor is a legal minimum payment set by the Government, of which employers can exceed but legally they should not fall below. The
CONSUMER prices rose at its fastest pace in more than 11 years over the 12 months to the end of February, prompting added fears that the Bank of Jamaica (BOJ) will continue to raise interest rates and add new tools to fight runaway price increases. Data released by the Statistical
