KINGSTON, Jamaica — A technical team from the Ministry of Transport and Mining is to review alternative proposals to amendments in the Road Traffic Act, following a meeting with the Transport Operators Development Sustainable Services (TODSS) and the Jamaica Association of Transport Owners and Operators (JATOO). The ministry, in

United States Federal Reserve Chairman Jerome Powell cast a bright picture of the US economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's comments ignited a rally on Wall Street,

Livern Barrett, Parliamentary Reporter The National Water Commission (NWC) is reporting that it is unable to pay pension liabilities totalling $19.5 billion. As a result, President of the NWC, Mark Barnett, who made the disclosure today, says the utility company is now undertaking "comprehensive" pension reforms. And he warned that

A group of regional union leaders, led by Jamaica's Bustamante Industrial Trade Union (BITU), vowed yesterday to challenge Scotiabank's transitional programme across the region. Six visiting trade unionists, who arrived in Jamaica over the weekend to join the BITU's response to Scotiabank's plans to transition three local service units to

OTTAWA, Canada (CMC) — The Bank of Nova Scotia yesterday confirmed that it would be selling its insurance operations in Jamaica and Trinidad and Tobago as part of a shake-up of its businesses that also included plans to exit nine Caribbean countries. However, late yesterday evening news emerged from Antigua

The Trinidad & Tobago Securities and Exchange Commission, TTSEC, has fined Guardian Holdings Limited, GHL, TT$300,000, but while the alleged offence has some bearing on the takeover offer for the insurance conglomerate, the regulator has not disclosed the precise charge. Guardian will pay the fine but has made no admission

Pension funds could be the conduit for about $25 billion of venture capital financing, but while the Jamaican Government is laying the groundwork for this to happen, it's a more risky bet that traditionally conservative fund managers acknowledge that they need to manage with care. And at least one industry

The acquisition of regional financial conglomerate Sagicor Financial Corporation Limited (SFC) by Canadian private-equity firm Alignvest will not affect shareholders of the Jamaican subsidiary, says president and CEO of Sagicor Group Jamaica Limited Christopher Zacca. "The transaction is between Sagicor Financial Corp and Alignvest. SFC owns 49.1 per cent

Sagicor Financial Corporation Limited has agreed to a US$536 million takeover by Alignvest, a leading Canadian alternative investment management firm. In a release issued on Tuesday morning, Sagicor said that it has entered into a definitive arrangement agreement with Alignvest Acquisition II Corporation pursuant to which Alignvest will acquire all the shares of