Outstanding banks loans hit a new record of $1 trillion at the end of last year, but unserviced loans grew by more than 40 per cent, which signalled one of the most difficult years on record for the payment of bills and debt, according to data... http://jamaica-gleaner.com/article/business/20210303/loan-market-hits-trillion-dollar-mark-under-pandemic
Approximately 65 per cent of Jamaicans are being targeted for vaccination by March 2022. However, health officials are wary that vaccine hesitancy might affect that ambitious goal. The country is expected to receive its first batch of 50,000 vaccines from India by Thursday, which will form part of a total
There have been ample indications of the formidable challenges to the heavily tourism and hospitality skewed investment holdings of Sagicor Real Estate X Fund Limited under the pandemic. But its newly released financials showing a $9.99-billion... http://jamaica-gleaner.com/article/business/20210303/10b-hit-x-fund-company-sees-path-recovery-through-non-tourism-projects
Prime Minister Andrew Holness has promised that the government will be maintaining a transparent and efficient COVID-19 vaccination programme that will prioritise those most vulnerable to the infectious and deadly disease. The first doses of vaccines are to arrive this week and a further breakdown of the vaccination programme is to be outlined then. "We would
Members of the Insurance Association of Jamaica (IAJ) and indeed the entire Jamaican Insurance Community are saddened by the passing of Insurance stalwart Peter Thomas who was Chairman and Managing Director of National Properties and General Insurance Brokers (NPG). Peter served in several managerial positions in the insurance Industry throughout
General Accident Insurance Company has completed its expensive reorganisation and rebranding of its Caribbean subsidiaries in Barbados and Trinidad. The company incurred heavy start-up cost for its Barbados subsidiary, which was launched last year. The expensive start-up cost was expected and provisions budgeted to meet these expenses. The Jamaica-based insurance
WASHINGTON, United States (CMC) — Pan American Health Organization (PAHO) Director Dr Carissa Etienne yesterday described the Americas, which includes the Caribbean, as the “epicentre” of the COVID-19 pandemic and called on the international community to make regional access to vaccines “a global priority”. “The life-saving power of vaccines should
With the adoption of more digital channels, experts in technology and the business sector are of the view that more businesses and persons will be forced to enter the formal economy. “The coronavirus pandemic has pushed more people online to use digital channels, which have been available through financial institutions,”
File The power plant under construction at ‘The Nest’ is costing US$16 million or $2.4 billion in local currency, utility company Jamaica Public Service Company, JPS, has said. The 10 Megawatt power plant, which will be fired by natural gas supplied by New Fortress Energy, is to be commissioned at
United States Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached. Powell also warned that many who had worked in industries hardest hit by the pandemic and
