The Inter-American Development Bank, IDB, says it provided nearly US$23.4 billion in new financing approvals, commitments and private-sector mobilisations for Latin America and the Caribbean last year, one-tenth of which flowed to Haiti. In a statement, the IDB said the funds, which included distributions by its private-sector arm, IDB Invest,
Developers of The Ascent, described as Jamaica’s tallest building, have received regulatory approval from at least one major agency. The concept involves a mixed use 26-storey building, with green spaces, on lands at Oxford Road in New Kingston. CEO of Stratosphere Development Limited, Lyttleton ‘Tanny’ Shirley, said he would reserve
Trinidadian-born Lesley Miller recounts how her parents instilled the importance of academics and, in particular, encouraged a focus on the sciences. In that household, Miller was so intrigued by the world of technology that she decided to pursue undergraduate studies in information technology at the University of Technology, Jamaica. On
LOSSES associated with Internet banking fraud rose 17 per cent last year, according to data from the Bank of Jamaica (BOJ). The central bank, in response to queries from the Jamaica Observer, shared data showing that banks report a total loss of $81.23 million for Internet banking fraud. That was
THE Ministry of Tourism (MOT) indicates that, as at December 31, 2021, the value of assets managed by Sagicor Life Jamaica on behalf of the Tourism Workers Pension Scheme was approximately $506 million. At the launch of the scheme, Minister of Tourism Edmund Bartlett said he expected the fund to
GIVEN THE recent launch of the Bank of Jamaica’s (BOJ) digital currency pilot project and the general positive performance of cryptocurrencies on the world market, many Jamaicans have taken an interest in the new and modern method of exchange. However, there are many persons who may still not understand the
EDUCATION is an essential public good. Without high-quality, inclusive and equitable training, countries will not succeed in breaking the cycle of poverty that is leaving millions of children, youth and adults behind. This reality acquires even greater importance, given the impact of the COVID-19 crisis. Countries will need to rehabilitate
JN Fund Managers, a member company of The Jamaica National Group, is making it easier for prospective and existing clients to do business with the organisation with the introduction of its digital onboarding initiative, which allows individuals to open an account online. The initiative, which was launched on Monday, February
11:44 am, Mon February 7, 2022 A US congresswoman has passed a bill in the House of Representatives to support debt relief for Caribbean and other developing countries. Congresswoman Alexandria Ocasio-Cortez told the Caribbean Media Corporation the measure was passed in the House on Friday as part of the America
Opposition Spokesman on Energy Phillip Paulwell on Tuesday took the Holness administration to task for what he deemed its failure to act on the recommendations of the Zacca Petrojam Review Committee in respect of the future of the state-owned oil refinery three years after the report was submitted. Following a
