ADVISORY COLUMN: INSURANCE HELPLINE Only one of the many persons who contacted me last week is a regular Sunday Gleaner reader. However, all shared bad experiences with their insurance companies and brokers. Their stories are relevant to the regulator’s new rules on market conduct. Some of its rules were the
Buttressed by its investment in a Florida-based patty company, GraceKennedy (GK) has expanded its convenience-food offerings to eight states in the United States (US), an initiative that will test just how much the American palate can handle jerked wings. The distribution for the ready-to-eat foods since the start of this
BCIC expects its motor premium pricing to fall as it rolls out a new Âtechnology 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
4:04 pm, Fri February 22, 2019 General Accident Insurance is reporting a 50 per cent increase in its profit before tax for the year ending December 31. The company posted $354 million in pre-tax profit up from $236 million in 2017. General Accident says the performance was driven by strong
In Parliament this week, newly appointed Minister Fayval Williams caused a stir when she revealed that Petrojam has lost almost US$100 million in value between 2006 and 2018. Williams reported that the same firm that had valued Petrojam in 2006 for US$126 to US$128 million, using the income approach, applied
On February 14th, Minister of Finance and the Public Service, Dr Nigel Clarke tabled the 2019/20 Fiscal Year budget. He revealed that the Government of Jamaica (GOJ) budget was $803 billion, with just over $731 billion allocated for what Jamaica Information Service (JIS) has called Recurrent (housekeeping) expenses and $72
KINGSTON, Jamaica — Bank of Jamaica (BoJ) Governor, Brian Wynter, says the country's macroeconomic prospects “remain positive as the indicators and outputs continue to show signs of recovery. “Foreign reserves are above the level deemed adequate and the current account deficit remains low and sustainable. Additionally, market interest rates are
The Bank of Jamaica, BOJ, will be reducing the cash reserves that deposit-taking institutions are required to hold against their prescribed liabilities by three percentage points to nine per cent, effective March 1. The move is being made as part of the effort to improve the institutions’ ability to provide
The mining and quarrying industry contributed the lion’s share of the 1.7 per cent expansion in the Jamaican economy during the quarter ending December 2018, growing by nearly 23 per cent as a result of increased capacity utilisation at two of the country’s three alumina refineries. The capacity utilisation rate
THE country's total central government debt stock increased by $2.3 billion between the end of March, 2018 and the end of December, 2018, according to the Fiscal Policy Paper (FPP) tabled in the House of Representatives on Thursday. According to the FPP, the stock of central government debt at the
