The first transaction involving bitcoin was reported on May 22, 2010, when a programmer identified as Laszlo Hanyecz said he “successfully traded 10,000 bitcoins for pizza.” As of today, 10,000 bitcoins are worth about US$120 million. A very expensive piece of pizza. Worldwide, there are currently only 180 recognised paper

Opposition spokesman on finance Mark Golding making his maiden budget presentation in that capacity in the House of Representatives last week. (Photo: Michael Gordon) In his inaugural budget speech as shadow Minister of Finance, Opposition MP Mark Golding made some important suggestions that should not be lost to the typically

Jamaica is ranked as the 56th happiest country in the world, below the island states of Japan (54) and Mauritius (55) and just above South Korea (57), according to the UN-supported report, which was released on Wednesday. That compares to a ranking of 76 for last year's report — an

I have described the recently read fiscal budget as the best I have experienced to date. My recollection is that every year the budget is to be read, businesses and individuals are always on edge as to what new tax will be introduced. Because of this annual anxiety, business and

In just a few short months, Sagicor Group Jamaica's new President and CEO Christopher Zacca has restructured his executive team with the overall goal of creating greater focus, driving performance and improving asset returns. He has created clearer lines of demarcation between the different business units in terms of their

If you have any kind of connection to so cial media, then I guarantee you have heard of Airbnb before. This home-sharing-for-profit site began in San Francisco in 2008. It has seen an unanticipated boom in the past few years as traditional travel options have gotten more expensive. I recently

Co-chair of the Economic Programme Oversight Committee Keith Duncan told journalists that it is possible for the Government to give public sector workers a 16 per cent increase over the next four years without affecting Jamaica's agreement with the IMF. (Photo: Collin Reid) Economic Programme Oversight Committee Co-Chairman Keith Duncan

Western Bureau: Patrick Hylton, Group CEO of the National Commercial Bank (NCB) Financial Group, says bank fees are vital to the financial institution's daily operations and should remain an integral part of the competitive approach of the local banking sector. Speaking at last Thursday evening's official opening of NCB's Fairview

Richard Branson, founder of the Branson Centre of Entrepreneurship (third from right), poses with Lisandra Rickarts, CEO of the Branson Centre (second from right) and the 8th Cohort of Scale Up Entreprenuers on the staircase. at the Branson Centre in Liguanea, Kingston, on Tuesday. During a brief visit to the

Minister of Culture, Gender, Entertainment and Sport Olivia Grange, addresses a seminar on financing, estate planning and investments for creative practitioners held yesterday at the Terra Nova All-Suite Hotel in St Andrew. KINGSTON, Jamaica (JIS) — The Government is moving ahead with plans to establish an insurance programme for artistes,