Inflation returned to a new high in January, hitting 9.7 per cent as food prices climbed and floating further away from the target range set by the central bank. With this outcome, it's likely that the Bank of Jamaica's Monetary Policy Committee will decide to raise interest rates again for
ANALYSTS are projecting a smooth process of transfer to take place as Sagicor Group Jamaica (SGJ) seeks to acquire Alliance Financial Services Limited (AFSL). Sagicor announced on Wednesday that it had entered into a definitive agreement for the purchase of 100 per cent of the shares in the AFSL. The
PRESIDENT of the Caribbean Development Bank (CDB) Gene Leon is encouraging regional governments to bite the bullet and make investments in renewable energy for the long-term benefits of such undertakings. With Caribbean countries signing on to Conference of Parties agreements aimed at reducing global warming by 1.5 degrees above pre-industrial
The data compiled by the CAC through its monthly survey of prices at the pumps show that in the last year, the margin on all four transportation fuel has declined from a range of 23 per cent to 29 per cent above Petrojam's ex-refinery prices to a lower average mark-up
THE Seprod Group has released financials showing that last October's fire at its Facey Commodity subsidiary, Facey, has razed its bottom line, sending profits tumbling 25 per cent to $2.16 billion. The fire wiped out over 86 per cent of the finished goods inventory, which also included the Christmas stocks.
The price of bitcoin has undergone yet another wild gyration, rising from US$41,030 on September 29, 2021, to US$69,000 on November 10, 2021, before falling back to US$35,075 on January 23. That is its second-largest decline in absolute value, though it has suffered larger declines in percentage terms, such as
Seeing the success of a recent business model tweak, used car dealer Jetcon Corporation is seeing ‘fair skies’, the latest business to telegraph optimism in business growth this year. Its next frontier is the electric vehicle market, Managing Director Andrew Jackson told the Financial Gleaner following the company’s annual general
KINGSTON, Jamaica— General Manager of JN Life Insurance Company, Hugh Reid, is imploring Jamaicans to monitor their health on a regular basis to reduce the risk of developing non-communicable diseases (NCDs) such as diabetes. “The best way to reduce costs associated with health care is prevention,” said Reid, writing in
Jamaica is experiencing a rapid economic recovery from the sharp and historic COVID-19-induced economic contraction of 2020/21. For economic growth to continue at levels higher than our historical average, however, it will be necessary for the Government of Jamaica (GOJ) to continue to implement reforms that reduce the cost of
Guardian General Insurance Limited will offer coverage to individuals and organisations against economic losses that result from extreme weather associated with wind and rain, under an agreement with regional insurer CCRIF that will see the Trinidad-based company distributing its livelihood protection policy or LPP. CCRIF Spc is a regional provider
