Sagicor Financial Company Limited (SFC) has highlighted that its preliminary estimations have it recording a US$434.73-million (J$66.98-billion) gain for its bargain purchase of Ivari on October 3. This was announced in SFC’s business…
Category: Business & Economy
VMBS, JMMB to hike fees effective Feb 1
Clients of financial institutions JMMB and Victoria Mutual Building Society (VMBS) may find themselves paying more for some bank services, including cash withdrawals, come February 1, 2024. In an advisory sent out earlier…
Guyana and Venezuela agree to refrain from using force, but fail to resolve territorial dispute
The leaders of Guyana and Venezuela promised in a tense meeting on December 14 that neither side would use threats or force against the other, but failed to reach agreement on how to…
Astronaut Christopher Huie inspires Spot Valley High students to reach for the stars
Sixteen-year-old Kedesha Johnson hopes to pursue an undergraduate degree in entrepreneurship and digital animation in another two years. It’s a little daunting, but she has been inspired to reach for the stars by…
Rite Aid banned from facial recognition tech use for 5 years after faulty theft targeting in stores
Rite Aid has been banned from using facial recognition technology for five years over allegations that its surveillance system was used incorrectly to identify potential shoplifters, especially black, Latino, Asian or female shoppers….
Gas prices up $2.60, diesel up $3.95
Motorists will pay more for fuel when they go to the pumps on Thursday. E-10 87 is to move up by $2.60 to sell for $166.39 per litre and a litre of E-10…
Lakes pumping $2b into East Kingston apartment complex
Sherbourne Limited, a development company owned by Richard Lake and family, has launched construction on a $2-billion project that will provide housing in downtown Kingston. The company is banking on tax incentives to…
BOJ: Buck stops with bank boards in managing cyber risk
Noting that cyberthreats and incidents in the financial sector in Jamaica pose a serious hazard to financial stability, the Bank of Jamaica, BOJ, has issued a new consultation paper with guidelines indicating that…
Cornerstone looks to regional expansion
CORNERSTONE Financial Holdings Limited (CFHL), the parent company of Barita Investments, is now plotting an aggressive expansion plan into the wider Caribbean, in the aftermath of securing a strong credit rating from the…
Retailers ready for influx of shoppers
Wednesday marks five days until Christmas and retailers across various sectors are bracing for an influx of shoppers over the upcoming weekend to get a share of the $30 billion in additional monies…
