Having carried out an independent assessment of GraceKennedy proposed $2.01 per share purchase of the remaining shares in Key Insurance Company, the board is recommending that minority shareholders accept the offer. Last December, GraceKennedy acquired a 15 per cent interest in Key Insurance advising of its intention to make a
KINGSTON, Jamaica - An additional $25 million has been earmarked in the 2020/21 Estimates of Expenditure, now before the House of Representatives, to continue institutional capacity strengthening at the Financial Services Commission (FSC) during the next fiscal year. The project, which commenced in October 2017, aims to bolster the FSC's
As the world moves to upgrade existing 4G wireless networks to the next generation of 5G, Government involvement will be crucial towards its success, according to Rohan Pottinger, chief technology officer at Digicel Jamaica. Pottinger was speaking recently on what is needed to create the local infrastructure to support 5G,
BRIDGETOWN, Barbados — Lamenting the fact that borrowing member countries (BMCs) were only able to achieve just about an average of one per cent growth in 2019, president of the Caribbean Development Bank (CDB) Dr Wm Warren Smith says the task for the institution he leads remains the empowerment of
KINGSTON, Jamaica— The Government is to spend $339.706 million on the Poverty Reduction Programme IV in the new fiscal year. As outlined in the 2020/21 Estimates of Expenditure, now before the House of Representatives, the project seeks to empower residents of volatile communities to achieve their fullest potential and contribute
Finance Minister Dr. Nigel Clarke has said the Government is looking to introduce micro-insurance as part of overall policy safeguards against risks associated with climate and weather-related events. Dr. Clarke said the policy initiative, aims to broaden and deepen the penetration of peril risk insurance among homeowners and business operators.
The Government will this fiscal year continue to focus on strengthening public financial administration as it pushes Jamaica towards economic independence, which is no longer a dream but is becoming a reality. That's the charge given by Governor General Sir Patrick Allen as he delivered the 2020-2021 Throne Speech in
Insurance brokerage firm Caribbean Assurance Brokers Limited (CAB) is seeking to raise just over $100 million in an initial public offering (IPO) on the Junior Market of the Jamaica Stock Exchange (JSE). According to the prospectus posted on Friday last, the IPO, which opens on February 18 and closes on
KINGSTON, Jamaica— Former Contractor General Greg Christie is to take over as the executive director of Jamaica's anti-corruption agency, the Integrity Commission In a release issued a short while ago the commission said Christie will assume the position of executive director on May 18. “He will bring to the commission
Finance Minister Dr. Nigel Clarke will this afternoon table the 2020/2021 Estimates of Expenditure. Parliament's Standing Finance committee will meet on February 24 and 25 to discuss the new Budget. On March 10, Dr. Clarke will outline how the budget will be financed. The Government is to spend $859 billion
