The minister of health and wellness is forging ahead with legislation for a National Health Insurance Plan (NHIP). The Caribbean Policy Research Institute (CAPRI) recently hosted a public forum to engage citizens on the matter. The event highlighted some important considerations that are needed to flesh out this vision, including
Road crashes have forced the Government to spend billions of dollars on treatment annually, but attendant costs such as diagnostic services, hospital occupancy, physiotherapy and emotional trauma are taking a heavy toll on the country’s healthcare personnel. Despite professional training and experience, healthcare personnel who are among first responders are
The head of Jamaica’s largest insurance conglomerate and dominant provider of healthcare coverage wants clarity on how the plan for universal health insurance will affect persons already covered. That number spans about 500,000 people in a population of more than 2.7 million. The insured includes family members of working Jamaicans
European Union regulators have fined five banks a total of more than €1 billion (US$1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies “exchanged sensitive information
Flavocure Biotech, a cannabis research company that is majority owned by Dr Henry Lowe, has received approval from the US Patent Office for a drug that treats glaucoma and myopia, or nearsightedness. According to the patent issued on May 7, both Lowe and Flavocure CEO Dr Ngeh Toyang are listed
JMMB Group is pumping US$200 million into the company that is buying Sagicor Financial Corporation, a deal that will see the Jamaican financial conglomerate ending up with indirect ownership in the largest insurance conglomerate in its home market. Sagicor Financial is the parent company for Sagicor Group Jamaica, the iconic
JMMB Group CEO Keith Duncan said the company is excited about the prospects the stake in Alignvest will present for the company. JMMB Group Limited (JMMB) is investing approximately US$200 Million in Alignvest Acquisition ll Corporation (AQY), the special purpose company, set to acquire all the shares in Sagicor Financial Corporation
GROUP president and chief executive officer of the National Commercial Bank Financial Group (NCBFG), Patrick Hylton, has been appointed chairman of Guardian Holdings Limited (GHL) effective May 9. The appointment follows the resignation of business tycoon Arthur Lok Jack who has served as chairman of the Trinidad and Tobago-based insurance
Sagicor Foundation volunteers engage children in animated reading sessions at 2018/19 Adopted Schools — Chantilly Gardens Early Childhood Institution, Clifton Basic School, and Tobolski Basic School – on Monday, May 6. The children were also presented with gifts and educational material ahead of Read Across Jamaica Day (May 7). http://www.jamaicaobserver.com/baby-steps/the-value-of-reading_164756
Tullow Oil wants to drill for oil in select countries next year, including Jamaica, where it recently concluded a 3D seismic survey with promising results. The preliminary findings of the survey indicate there is a one-in-five chance of finding oil in commercial quantities off the coast of Jamaica. “Tullow continues
