The insurance industry, though initially challenged, has not, up to now, fared as badly from the economic downturn caused by the COVID-19 pandemic as the sector and regulatory authorities had been bracing for. That’s the assessment from the new president of the Insurance Association of Jamaica, IAJ, Oliver Tomlinson. Still,
The deal struck between food marketing company Nestlé Jamaica and GraceKennedy member company Dairy Industries Jamaica Limited should bring in an additional $20 million in annualised revenue to the group, in addition to opening up a new market segment for its Swiss-owned partner. Dairy Industries is a joint venture
ALTHOUGH the fallout from the novel coronavirus pandemic is more austere than that fuelled by the 2008 global economic recession, head of the Planning Institute of Jamaica (PIOJ) Dr Wayne Henry is projecting that Jamaica is, at this time, poised to bounce back faster than it did then. Speaking yesterday
The deal struck between food marketing company Nestlé Jamaica and GraceKennedy member company Dairy Industries Jamaica Limited should bring in an additional $20 million in annualised revenue to the group, in addition to opening up a new market segment for its Swiss-owned partner. Dairy Industries is a joint venture between
The new parliament building designated for National Heroes Circle will cost US$50 million ($7.5 billion), according to the Urban Development Corporation, UDC, the agency that will oversee the project’s implementation. Its just one of the elements of the project to develop a parliamentary square that will not only create more
Sales of luxury apparel, jewellery and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain. Still, the drop is narrower than the 35 per cent
General Accident Insurance Company Jamaica Limited (General Accident) posted on Saturday, November 14 an unaudited net profit of $147.18 million for the nine-month period ended September 30, 2020. This represents a 24 per cent decline over the previous corresponding period. For the period under review, the company wrote gross
A response to the United Nations (UN) Secretary General António Guterres’ October 2020 policy brief, “COVID-19 and Universal Health Coverage,” in which he urged all countries to speed up and scale up investment in universal health coverage and in stronger health systems, starting immediately.” Universal healthcare is a pertinent
Regional insurance company Guardian Holding Limited, GHL, grew its profit by three-quarters for the July-September period, assisted by the inclusion of the newly acquired NCB Insurance life and annuities portfolio. The results redounded to the benefit of GHL’s Jamaican parent company NCB Financial Group, which reported profit of $27 billion
Minister of Industry, Investment and Commerce Audley Shaw says the Government is embarking on an initiative to facilitate the digitisation of over 25,000 business operations within the next three years. “With the demand to go digital, especially given the current novel coronavirus pandemic, information technology-enabled services, logistics and digital transfers
