Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact study and stress testing. Speaking on the margins of Guardian Life’s groundbreaking of its newest
The Caribbean Policy Research Institute (CAPRI) is projecting that the recent slashes in stamp duty and transfer tax will likely spur greater investment in the economy, but argues that there were no “giveaways” in the Budget tabled by Finance Minister Dr Nigel Clarke in Parliament earlier this month. Instead what
Broadcaster Dorraine Samuels has died at the age of 59. Samuels, a long time employee of the RJRGLEANER Communications Group, passed away this afternoon. She had been battling cancer. Her immediate family is asking for privacy at this time. She entered the field of broadcasting in January 1981 by chance
Few microfinance companies have finalised their review of the legislation that will soon police their business practices, but those who have are worried. One of the top companies in the field, Access Financial Services Limited, warned this week that any action taken to cap micro loan rates could end up
Okari Banton might not look like one, but the software developer at JN General Insurance Company (JNGI) is a revolutionary. The computer programmer took the lead in the automation of JNGI’s funds-reconciliation process with its insurance broker partners. Named Employee of the Quarter for his efforts, Banton pointed out that
As the main presentations of the budget wrapped up Wednesday, one could say that this budget was different, and an improvement, from those in the past. We heard from the finance minister, Opposition spokesman on finance, leader of the Opposition, and the prime minister, and all presentations, I think, had
IMF's HQ2 building in Washington DC, United States. The IMF on March 21, 2019, said the US economic outlook remained “strong,” a day after the Federal Reserve trimmed its median growth forecasts for the year. “We believe the outlook for the US economy is strong with historically low unemployment, high
PRIME Minister Andrew Holness has announced that a total of US$25 million (J$3.1 billion) will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of the micro, small, and medium-sized business sector over the next five years. Dubbed 'Boosting Innovation, Growth and Entrepreneurship Ecosystem
FOR the first time in its 20-year history, Guardian Life Limited has achieved a consolidated net profit of $6.9 billion. The announcement was made by Eric Hosin, president, Guardian Life, during the company's 19th Annual Awards Ceremony hold on Saturday, March 9, 2019 at the Sunken Gardens, Hope Gardens in
SCOTIABANK has lowered its mortgage rate to 6.99 per cent effective last Friday, March 15. The interest rate, which is the lowest among local banks and building societies, falls in line with interest rate of 6 per cent now offered at the Government-run National Housing Trust. Previously, Scotiabank offered mortgage
