MONTEGO BAY, St James — Finance Minister Dr Nigel Clarke is upbeat that Jamaica, which has enjoyed international fame in the music and sporting arenas, is now becoming world renown for its economic performance. “It is a good thing that Jamaica has been known, over many decades, for the prowess

Sagicor Life Jamaica is now offering ordinary life insurance coverage to persons living with the human immunodeficiency virus (HIV). The company is offering policies of up to $10 million to HIV positive applicants who are fully compliant with their treatment regime. Persons with HIV were only able to access

MINISTER of Industry, Commerce, Agriculture and Fisheries Audley Shaw says that the Government is eyeing a possible US$100 - million grant from the People's Republic of China to help rebuild the infrastructure of the local coffee industry. 'We are looking at a grant of US$100 million to build out the

Sagicor Financial is now an associated company of JMMB Group, following JMMB’s acquisition of over 33 million shares in Sagicor Financial representing a minority stake of 22.5 per cent. JMMB purchased the shares from Canadian entity Alignvest, by way of a private placement. The transaction totaled CA$332.1 million. JMMB can

Interest rates are one of the main forces affecting bond prices. When interest rates are low, as they are now, bond prices rise. That is great news for people who already hold bonds because it means the market value of their bond has gone up and they would make a

The Jamaica Manufacturers and Exporters Association (JMEA) is supporting the need for a more highly skilled and competitive labour force. This they believe will increase the country's ability to provide more value-added products and services to the manufacturing sector, pursuant to training. Metry Seaga, past president of the JMEA while

Dr Karim Youssef, International Monetary Fund (IMF) resident representative to Jamaica recently in commending Jamaica's step towards financial inclusion for small and medium sized enterprises (SMEs), has said that if the project achieved 50 per cent of its goals – it could be history making. Speaking at a Private Sector

Marathon Insurance Brokers has announced plans to raise $500 million through an initial public offer (IPO), which is slated for March next year. The proceeds of the IPO would be used to expand the 25-year-old insurance brokerage firm while financing its $100-million innovative online platform, Mibinsure.com. If the IPO is

With quarterly growth of 0.3 per cent, chairman of the 41-month-old Economic Growth Council (EGC), Michael Lee Chin, says that the permanent status of permanent secretaries under the Jamaican Constitution, has to be removed to enable higher gross domesitic product (GDP) growth levels. Lee Chin, who was speaking at the

BOJ governor, Richard Byles speaking at a Quarterly Monetary Policy Report press conference held at the BOJ offices in downtown Kingston on November 21. (Michael Gordon) The Bank of Jamaica (BOJ) in its latest Quarterly Monetary Policy Report has said that they will continue to ensure that  order is maintained