Bitcoin is an innovative payment network and a new kind of money. (Siegfried Layda) It was in the media recently that an entity is trying to set up a Bitcoin exchange in Jamaica. I am astounded that any Jamaican authority would even shake hands with any proposer of this idiocy.
The IMF in Washington DC, United States Citing a lack of competition in the Jamaican banking sector, the International Monetary Fund (IMF) is calling for the creation of a body to oversee the implementation of measures to improve credit access. “Given the high market concentration of the banking sector in
NEGRIL, Westmoreland — Biking stakeholders are applauding the second staging of the Back to Basics (B2B) motorcycle Safety Workshop staged in Westmoreland last week. “Right now, this workshop is the best thing that has ever happened here for us. I’ve never seen riders from around here come together to do
"Here in Jamaica, there is just not enough honesty regarding the guns that have been here since the 1970s and 1980s. Furthermore, I am tired of the grand narratives about missing fathers when, in many of the hotspots, the young 'shottas' were well coached by their fathers who passed on
William Mahfood, chairman of Wisynco, poses with his preferred flagship brand — Wata. (Photo: Bryan Cummings) Continual devaluation of the Jamaican dollar against hard currencies such as the US dollar hurts Jamaican exports and impoverishes the people, according to William Mahfood, former president of the Private Sector Organisation of Jamaica
On track to match inflation in trading partners — BOJ BY AVIA COLLINDER Business reporter collindera@jamaicaobserver.com Inflation for the September 2016 quarter is projected to accelerate due to stronger domestic demand conditions, but the Bank of Jamaica (BOJ) is expressing confidence that core inflation, towards fiscal year end, will remain
There has been a reduction in the number of motorcyclists killed in road crashes since the start of the year when compared to the corresponding period in 2015. Statistics from the Road Safety Unit show that 58 motorcyclists died compared to 72 last year. Kanute Hare, Director of the unit,
Key Insurance says an unusual spike in claims during the first six months of its financial year resulted in its racking up losses. The insurance company suffered an operating loss of J$19 million and claims amounted to an unprecedented $142 million. Key Insurance in notes attached to its
Jamaica Gleaner) – John F. Kennedy International Airport’s Terminal eight was evacuated on Sunday night after reports of shots being fired at the New York airport. Usain Bolt.However, it appears the sounds were from clapping and banging by passengers who were watching Usain Bolt run in the 100 metres at
For the six months ended 30 June 2016, Sagicor X Fund’s performance was $404 million or 56 per cent higher when compared with Q2 2015 – an improvement attributed to higher net profit from the Group’s hotels and gains from units in the Sigma real estate portfolio. The Fund reported
