WHILE Jamaicans continue to moan about the cost of food, a report published Friday on Bloomberg , a US-based business publication, is suggesting there will be no relief soon. The report titled 'Food Bill Headache', as part of Bloomberg's efforts of “tracking COVID-19's impact on trade”, said getting food on
mid the row between customers and commercial banks on the increase in fees amid the slow economic recovery and inflationary environment, JMMB Group Limited has welcomed the dialogue on fees charged by deposit-taking institutions (DTI) to transact services with their clients. In a release on Monday, JMMB posited its stance
BANKS are issuing assurances that they have introduced products which will allow customers to save on fees. Scotiabank has also delayed planned fee increases for six months, while Jamaica National Bank indicates that fees that were implemented from 2020 still function to guide customer behaviour under pandemic conditions and further
Mexico’s remittances – the money migrants send home to their relatives – have soared in the past two years and are now expected to top US$50 billion for the first time once 2021’s figures are added up. That would surpass almost all other sources of Mexico’s foreign income. But as
The unit trust and mutual fund markets are growing. News earlier this month is that Scotia Investments has launched two new funds and that JN Mutual Funds is also to launch two. Already, there are eight operators of unit trusts, which manage 63 funds; and one mutual fund company, JN
A new study conducted by think tank Caribbean Policy Research Institute, CaPRI, has revealed that the real cause of the slow crawl towards financial inclusion is largely due to banks’ disinterest in tailoring products to meet the needs of society’s most vulnerable. The study titled Cheque In: Increasing Access to
Under pressure, Scotiabank says it will delay increasing the fees for using automated teller machines (ATMs) and point of sale machines for six months. In a statement Monday evening, the bank said during the period, it will continue its public education to ensure that customers are in the best account
Julian Mair, chairman of the Jamaica Stock Exchange, JSE, warned that the country must improve its return on education amid the pandemic or face the prospect of an enlarged criminal pool. “The markets are not my greatest concern,” Mair said at the opening of the 17th annual JSE Regional Investments
The Government is turning up the pressure on commercial banks saying increased user fees will cause greater stress for Jamaicans. In the past 24 hours, both Prime Minister Andrew Holness and Finance Minister Dr Nigel Clarke have denounced the fee adjustments. "Business leaders must pay attention to the social context;
Under pressure, the National Commercial Bank (NCB) has sought to explain how it arrived at new and increased banking fees. Both NCB and Scotiabank have been facing intense public criticism over the new fees. READ: Gov't turns up pressure on 'tone-deaf' banks over new fees According to NCB, in November
