JAMAICA no longer has a McDonald's fast food restaurant, so it is not included in The Economist newspaper's Big Mac Index. It is one of the few places that doesn't have a restaurant from that American chain, and the Big Mac is sold in some 120 countries. But if the
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am seeking your advice on how to best invest $750,000, which I have in my credit union. I have been working for over 13 years in my current job. I have been saving an average 10 per cent of my salary in my
Food and financials services conglomerate GraceKennedy Limited plans to raise up to $500 million in a refinancing deal. The facility will replace a US dollar-denominated loan utilised to fund the build-out of its logistics centre in the United States, said Group CEO Don Wehby. GK Capital Management Limited, a member
BRIDGETOWN, Barbados, CMC – The Caribbean Development Bank (CDB) says despite projections of deceleration in global economic activity, the 2019 economic outlook for its borrowing member countries (BMC) is positive. “CDB is projecting that real GDP (gross domestic product) growth will be 2.1 per cent, as construction, tourism, and the
Shadow Finance Minister Mark Golding began his budget speech yesterday by noting “the burning issue of low growth”, observing that even what he called the “modest but achievable” growth targets the last PNP Administration had set for the years 2013/2014 to 2019/2020 had now slipped — and that if they
PUBLIC PROCUREMENT REFORM Public procurement reform, pursued over the last five years, will come into force in the next financial year. I remind this House that the Public Procurement (Amendment) Act was passed in August, 2018 and two sets of related regulations were passed in June and July, 2018. I
Minister of Finance and the Public Service, Dr Nigel Clarke (third right), joins David O'Brien (second right), chairman, and other executives of the newly formed Massy United Insurance, Jamaica, to cut the ribbon at Wednesday's launch at the Pan Jamaican building in New Kingston. Others in the picture from left
Opposition Leader Dr Peter Phillips gesticulates while making his presentation to the budget debate in Parliament yesterday. (Photo: Garfield Robinson) Opposition Leader Dr Peter Phillips yesterday fired a fresh salvo of criticism at the Government on a range of issues including corruption, inequality, and the performance of the economy as
Last year, the shrinking credit union movement fell further, to 26 institutions, and the Bank of Jamaica is saying there’s still more contraction to come. It’s not that operators are going out of business, but rather there have been a series of mergers as the small community banks buffer their
A new entrant with tentacles throughout the Caribbean formally announced that it was open for business from New Kingston on Wednesday, nearly five years after the Massy conglomerate disclosed its plans to become a player in the general-insurance market. Forty-year-old Massy United Insurance is already present in 18 other islands
