Guyanese commercial banks are protesting a proposal by the Bank of Guyana (BOG) for service fees to be the same across the board. Reports by the Starbroek newspaper indicate that the BOG has begun industry consultations on service fees, including a standard GUY$50 fee for automated teller machine (ATM) withdrawals
Victoria Mutual, whose core business is mortgage lending, has rebranded officially as VM Group in the midst of a five-year transformation programme to recognise the diversity of services the financial house now provides. The change comes at VM’s 143rd year in business, having grown over time from being just a
Following the restructuring of the VM Group, the entity is planning to expand its footprint in the Caribbean. While the move forms part of the group's thrust to increase its membership to one million from the current figure of approximately 320,000, chief investment officer (CIO) of VM Group and chief
At least one-third of all businesses are prone to fail within the second year of establishment if the right growth factors aren't in place. That's according to director of Sisters Ink Ja Opal Levy. Speaking on #MoneyMovesJa with Kaliah Reynolds, Levy noted that low sales and a lack of understanding
he Bank of Jamaica (BOJ) in its monthly remittance report indicates that in September 2021, net remittance inflows amounted to US$282.8 million, a decline of 16.8 per cent or US$ 40.7 million in comparison to September 2020. However, overall remittance inflows for the January to September 2021 period totalled US$2,605.1
Each headline-grabbing event in Jamaica tends to be more captivating than the last, hence how easy it is to obscure even critical developments that are often more impactful than the sensational news of the day. Under the shadow of the latest front-page event — the ill-fated Mr Kevin Smith and
Spurred by the mushrooming of fast-food delivery services amid surging demand during curfews, hotelier Lee Issa has seized on the coronavirus pandemic’s motorcycle boom to form a new company specialising in electric bikes and scooters. Pitched as environmentally friendly vehicles, Ellesco also sells warehouse equipment from its Ferry, St Catherine,
Agro-Investment Corporation, an agency of the Ministry of Agriculture & Fisheries, is on the hunt for 20 investors to put to work some 1,000 acres of idle sugar cane lands in Toll Gate, Clarendon. The lands have been earmarked for the cultivation of the St Julian and East Indian mangoes,
The World Bank said on Wednesday that global wealth has grown overall, but it comes at the expense of future prosperity and by exacerbating inequalities. Relative to Latin America and the Caribbean, LAC, the bank’s new Changing Wealth of Nations 2021 report noted that although total wealth has nearly doubled
AddThis Sharing Buttons Share to Print Share to FacebookShare to TwitterShare to EmailShare to More 1 If you are interested in making money from the real estate market, and you do not personally have the funds to develop properties all by yourself, you can join others in doing so?. One
