SUEZ, Egypt (AP) — Engineers on Monday "partially refloated" the colossal container ship that continues to block traffic through the Suez Canal, authorities said, without providing further details about when the vessel would be set free. Satellite data from MarineTraffic.com showed that the ship's bulbous bow, once lodged deep in
Oran Hall | Prepackaged loans and troubled borrowers Published:Friday | March 26, 2021 | 12:17 AM I have often wondered why I hear so much from people who are deeply and desperately troubled because they are drowning in debt, seemingly with no way out. Credit card debt is a big
SIMPLE can be considered boring but sometimes simple is exactly what we need. I recently met with a prospective investor (virtually, of course) who had gotten badly burned in the stock market. After licking his wounds he decided he was ready to invest again, but after his bad experience he
Jamaica has thrown its hat in the ring to become the next Caribbean cruise ship home port when cruise shipping begins in the region come June. This was confirmed by Jamaica's Director of Tourism Donovan White. The move by Jamaica comes less than a week after The Bahamas was announced
DATA from the Financial Services Commission (FSC) indicate that the total assets of the private pension plan industry as of September 30, 2020 stood at $639.29 billion. Thirty-seven per cent of this $639.29 billion is invested in “pooled investment arrangements” (that is, mutual funds or unit trusts). This is the
Jamaica's pension industry is already projecting foreign exchange (FX) gains from the recent move by the Bank of Jamaica's (BOJ) to increase the allowable limit on investment in foreign exchange instruments from 7.5 per cent to 10 per cent. The increase in the FX cap comes into effect April 1,
After quietly exploring the viability of a central bank digital currency (CBDC) for some time, Bank of Jamaica (BOJ) took the decision in May 2020, as a part of our ongoing retail payments reform, to venture into this digital innovation that is fast becoming a feature of global central banks.
Lottery Supreme Ventures Limited, SVL, through its newly formed financial services subsidiary Supreme Ventures Fintech Limited, is now rolling out its first microcredit product, a loan aimed at its 1,300 retail agents. Starting with a $500,000... https://jamaica-gleaner.com/article/business/20210321/supreme-ventures-fintech-brings-first-microloan-market
If they are following the law, interpreted as most people believe it should be, a committee of both Houses of Parliament should soon start reviewing the act under which public servants are required to contribute five per cent to their pension. That contribution was to be phased in over two
DETROIT, United States (AP) — It's a question occupying the minds of millions of employees who have worked from home the past year: Will they still be allowed to work remotely — at least some days — once the pandemic has faded? One of America's corporate titans, Ford Motor Co,
