The agency that insures mortgages as one of its functions is growing concerned that loan providers may be climbing too far out on a limb to secure market share, given some of the current financing deals that offer credit at or beyond the value of property transactions. It’s referred to
Senator Kamina Johnson Smith, Jamaica’s foreign minister, shakes hands with Tian Qi, ambassador of China to Jamaica, after signing a memorandum of understanding on the Belt and Road Initiative between the two governments. The signing took place at the Ministry of Foreign Affairs and Foreign Trade in New Kingston yesterday.
Emanuel DaRosa, president and CEO of JPS, addresses journalists at a Gleaner Editors’ Forum on Thursday. To his left is Winsome Callum, director of communications and customer experience. Jamaica’s transition to cleaner liquefied natural gas (LNG), now at nearly 25 per cent of generated power for the national grid, will
WASHINGTON, CMC – The World Bank says remittance flows into Latin America and the Caribbean grew by 10 per cent to US$88 billion last year supported by a strong United States economy. The Washington-based financial institution said Mexico continued to receive the most remittances in the region, posting about US$36 billion
Prime Minister Andrew Holness speaking at yesterday's breakfast briefing on the Wigton Windfarm Limited IPO, hosted by lead broker Mayberry Investment Limited at the Jamaica Pegasus hotel, New Kingston. THE Jamaican economy grew a year-on-year two per cent in the fourth quarter of 2018, Prime Minister Andrew Holness has confirmed.
Published:Wednesday | April 10, 2019 | 12:28 A Federal authorities said Tuesday that they have broken up a US$1.2-billion Medicare scam that peddled unneeded orthopaedic braces to hundreds of thousands of seniors via foreign call centres. The US Justice Department announced charges against 24 people across the country, including doctors
The Jamaica Chamber of Commerce-commissioned business and consumer confidence indices indicate that optimism among businesses and consumers remains on an upward trend. The business confidence Index increased to 151 points in the first quarter of 2019, compared to the first quarter of 2018, when it dipped to 136, and represented
The Government is aiming to raise $5.5 billion from the initial public offering (IPO) of Wigton Windfarm, which operates wind turbines in Manchester. Concurrently, lead broker Mayberry Investments has indicated that it has priced the stock at $0.50 per share to allow for price appreciation. “This is the best way
Published:Wednesday | April 10, 2019 | 12:28 AMDr Andre Haughton What is the value of Jamaica’s debt stock? Total public debt at the end of fiscal year 2018-19 was an estimated $1.961 trillion, an increase of $8.9 billion when compared to $1.9521 trillion at the end of the fiscal year
The conversion of prime farmland in St Catherine into residential developments has come under withering criticism from Lenworth Fulton, the president of the Jamaica Agricultural Society. Developers have, over the last decade and a half, been building out a range of housing schemes across swathes of farmland in St Catherine.
