Industry leaders across various sectors have reiterated the need for the creation of policies that encourage the implementation and use of advanced technologies to enable economic diversification which they believe is critical to the transformation of the local economy. Speaking at the recently concluded Economic Growth Forum series held by
Founder and chief executive officer (CEO) of eCurrency, Jonathan Dharmapalan, has given the assurance that Jamaica's digital currency will not be a security headache. In an exclusive interview on Taking Stock with Kalilah Reynolds, Dharmapalan noted that the technology being used to run the Central Bank Digital Currency (CBDC) will
Financial conglomerate Sagicor Jamaica has been hit by higher policyholder claims and increases in actuarial reserves in its insurance segment, which have negatively impacted profitability during its second quarter. The higher policyholder claims and increases in actuarial reserves impacted benefits and expenses. Rising medical costs in Sagicor's Employee Benefits Division
If you have been seduced into carrying high levels of debt either due to need or greed, it is never too late to execute a U-turn. While, in many circumstances, borrowed money can be used as capital to start some new, profitable project which will make the interest charged worthwhile
People working in the public sector who refuse to be vaccinated after vaccines are more widely available will have to pick up the tab for their own health care if they become ill with the coronavirus disease. Prime Minister Andrew Holness outlined the policy as he addressed the nation
Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) unchanged at 0.50 per cent per annum. The Bank also decided to consider commencing a tightening of monetary policy at the next meeting of the
Companies who fail to adequately protect customers' data could be fined up to four per cent of their revenue in the next two years. That's part of the penalty under the new Data Protection Act, 2020 which awaits promulgation. The Act, which seeks to safeguard the privacy and personal
Jamaica Broilers seems a shoo-in to acquire the Simple Essentials facility in Charles City, Iowa, in the United States. The company operated a chicken plant in Charles City until August of 2019 when it shut the factory down. When Simply Essentials closed, 500 jobs were reportedly lost, and the factory
General Accident Insurance Company is looking to its operations in Trinidad and Barbados to push the company's growth into the future, after admitting it needs to look outside the Jamaican market for growth. PB Scott, chairman of the insurer, said the operations in the two countries are vital to the
Grand Cayman, Cayman Islands, August 18, 2021. CCRIF SPC will make a payout of approximately US$40 million to the Government of Haiti following the devastating magnitude 7.2 earthquake that struck Haiti on August 14th, 2021, significantly impacting the city of Les Cayes. This payout represents the full coverage limit
