The market value of Jamaica's sole oil refinery Petrojam has dropped by nearly US$100 million in the past 12 years, newly appointed Energy Minister Fayval Williams has revealed. According to Williams, a valuation conducted in 2006 by an international firm using globally accepted standards placed the value of the 55 year-old refinery at US$126 million.

More than half the vehicles in Jamaica are uninsured, a statistic that is of huge concern to road-safety officials and one which the police consider “frightening”. A study conducted by the Jamaica National Group, based on data culled from Tax Administration Jamaica and the Insurance Association of Jamaica (IAJ), shows

Some Jamaican entrepreneurs, leaders and personalities involved in the island's sustainability and renewable energy movement were recently featured in the internationally renowned business magazine, Forbes. The coverage came in the form of two articles entitled “Make Jamaica Green Again: 10 Powerful Women Leading The Sustainability Movement” and “6 Renewable Energy

The modernisation of Jamaica’s central bank will see the Government pumping around $26 billion of fresh capital into the Bank of Jamaica, BOJ, as it transitions to independence. Side by side with its recapitalisation, says Finance Minister Nigel Clarke, the BOJ will be moving to incentivise interbank activity and

After much planning, organisers of the 21st staging of the Sagicor Sigma Corporate Run can turn to celebration having surpassed their targets for the number of participants and donations yesterday. The annual event, dubbed the Caribbean's largest road race, continued to lift its standard with a record-breaking turnout of

ADVISORY COLUMN: BUSINESSWISE The Businesswise column titled “Bank Customer Feels Naked and Exposed” published February 3, 2019, triggered a flood of responses from members or the public who fear being stripped of their right to privacy by the catch-all nature of the Bank of Jamaica’s anti-money laundering and anti-terrorism regulatory

ADVISORY COLUMN: INSURANCE HELPLINE The staff in the Financial Services Commission’s insurance division and its leaders earned applause last week. They have started a process to modernise the ways in which the $107 billion insurance industry that they regulate transacts business with consumers. The changes, which were predicted in my

For the financial year ending December 2018, IronRock Insurance – the newest entrant in a market of nine operating companies – generated a profit of $811,000. By itself that number would be unimpressive. But within its proper context – it marks a turnaround of a large loss of nearly $48

NCB Financial Group has been forced to extend the closing deadline for its takeover of Guardian Holdings Limited (GHL) because it still has hurdles to clear. Jamaica’s largest banking group needs approvals from Trinidad & Tobago’s Ministry of Finance under the Foreign Investment Act, Insurance Act, and Financial Institutions Act

Orthopaedic surgeon at the St Ann’s Bay Regional Hospital, Dr Cary Fletcher, is highlighting the need for motorbike riders and pillion passengers to wear lower-limb protective gear. Some common protective equipment worn by competitive and recreational bikers are specially made pants with built-in kneecap protectors, boots to safeguard the legs,