GENEVA, Switzerland (AFP) — The number of billionaires worldwide rose above 1,500 last year, a 10 per cent jump from 2015, due largely to a surge in Asia, Swiss banking giant UBS and auditors PwC said yesterday. In an annual report, UBS and PwC said that last year marked
WITH the Traffic Ticket Amnesty set to end on Tuesday, motorists are being advised to make use of the time that is left to complete the process. The three-month amnesty, which was instituted on August 2, affects tickets issued between September 1, 2010 and July 31, 2017. “Motorists need to
The Bank of Jamaica has announced that effective Wednesday it has reduced the amount that authorised dealers and cambios are required to sell to the central bank from their daily purchases of foreign exchange. According to the BOJ, for both authorised dealers (ADs) and cambios, the amount required
From RJR Website One of the world's biggest insurance firms has said it will take a loss in the third quarter because of hurricanes Harvey, Irma and Maria. Munich Re expects the hurricanes that ravaged parts of the US and the Caribbean to cost it US$3.6 billion owing to
Prime Minister Andrew Holness (second right) with Hans Wijers (second left), chairman of the supervisory board of Heineken N V; Ricardo Nuncio (left), managing director, Red Stripe; and Eugene Ubalijoro, managing director of Heineken's Caribbean and Americas Export region at the Office of the Prime Minister on Tuesday, October 17.
HE executive board of the International Monetary Fund (IMF) says that, while Jamaica's economic programme remains strong, a number of issues are challenging the country's growth performance. Chief among these issues, according to IMF deputy managing director and Acting Chairman Tao Zhang, are: Vulnerability to weather-related shocks; prolonged wage
Robin Levy will get only two days' rest when he leaves the Jamaica Stock Exchange (JSE) on November 3, as he will take up his new job as group CEO at the Jamaica Co-operative Credit Union League on November 6. Levy is replacing Glenworth Francis, who is retiring at the
The Government is reporting that self-financing Public Bodies (SFPB) recorded an overall balance surplus of $3.96 billion for the first three months of the 2017/18 fiscal year ending June 30, relative to the targeted deficit of $1.45 billion. According to the 2017/18 Fiscal Policy Paper Interim Report, which was
KINGSTON, Jamaica — Leader of the Opposition, Dr Peter Phillips is deeply saddened by the death of former head of the Planning Institute of Jamaica (PIOJ) Collin Bullock, the People's National Party (PNP) said in a release a short while ago. Bullock died late this evening after ailing for
Minister of Finance and the Public Service, Audley Shaw (left), is greeted by Managing Director, Factories Corporation of Jamaica (FCJ), Donald Farquharson (right), as he arrives at the Garmex Free Zone and Industrial Estate, Marcus Garvey Drive, on Wednesday (October 18) for the FCJ's business and wellness expo. At
