LEVY...if you don't adjust rate downwards, they (apartments) are just going to stay vacant. ((Photos: Norman Thomas)) Jamaica is currently facing a chronic oversupply of apartments, especially in Kingston, where there are upwards of 1,000 unsold units. This according to real estate broker Anya Levy and veteran real estate entrepreneur

CHIEF executive officer of Honey Bun Limited, Michelle Chong has added her voice to those calling for a more structured data-driven focus on the development of Jamaica's small and medium enterprises (SMEs), and the Planning Institute of Jamaica (PIOJ) agrees. According to Chong, SMEs contribute significantly to the local economy

New Fortress Energy, which commissioned its natural gas floating terminal off the coast of Old Harbour on Friday, plans to increase its gas output fivefold at the facility by year-end. The American company started pumping gas at the Old Harbour terminal in March and expects to reach full output by

Director General of Statin, Carol Coy, speaks at the release of the quarterly GDP, Inflation and Labour Force Survey data at Knutsford Court Hotel in Kingston on Wednesday, July 17, 2019. The new hirings of men outpaced that of women in the latest quarterly jobs survey published by the Statistical Institute

QUESTION: What is the difference between a mutual fund and a hedge fund? – Jaden FINANCIAL ADVISER: Mutual funds and hedge funds are investment funds that pool investors’ money and invest it in a wide variety of assets, but they differ from each other in many ways. These pooled investment

QUESTION: H ow do insurance companies make money? There are a lot of activities in this sector. A Barbadian insurer entered the local market a few months ago. A change in the ownership of the country’s biggest motor insurer is also taking place. A big, locally owned financial group now

Voila! It's officially open (left to right) Peter Levy, MD cuts the ribbon to the newly refurbished floor as Doreen Samuels (human resources Manager), Heather Pinnock (GM — Urban Development Corporation), Lori-Ann Glasgow (GM — Marketing), Garth Rowe (GM- Finance) and Benjamin Pringle (manager- Information Technology) watches. British Caribbean Insurance

BCIC expects its motor premium pricing to fall as it rolls out a new ­technology platform and migrates customers online. The general-insurance company is also upgrading the facilities at its headquarters in downtown Kingston with several changes, which are also customer-centric, Managing Director Peter Levy said on Wednesday. The initial

The unemployment rate is at an all time low. The Statistical Institute of Jamaica (STATIN) released the latest labour force survey results on Wednesday. As at April 2019, Jamaica's jobless rate dropped to 7.8 per cent - two per cent lower than it was at this time last year. STATIN

The Statistical Institute of Jamaica (STATIN) in their latest report on the Consumer Price Index (CPI) has reported an inflation rate of -0.1 per cent for June 2019. In a news release from the entity yesterday it was reported that the movement in the basket of goodies was attributed to