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Category: Business & Economy

Business & Economy

Sagicor Financial bags US$435-million gain on Ivari purchase

infojamaica
December 22, 2023

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…

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Business & Economy

VMBS, JMMB to hike fees effective Feb 1

infojamaica
December 22, 2023

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…

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Business & Economy

Guyana and Venezuela agree to refrain from using force, but fail to resolve territorial dispute

infojamaica
December 21, 2023

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…

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Business & Economy

Astronaut Christopher Huie inspires Spot Valley High students to reach for the stars

infojamaica
December 21, 2023

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…

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Business & Economy

Rite Aid banned from facial recognition tech use for 5 years after faulty theft targeting in stores

infojamaica
December 21, 2023

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….

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Business & Economy

Gas prices up $2.60, diesel up $3.95

infojamaica
December 20, 2023

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…

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Business & Economy

Lakes pumping $2b into East Kingston apartment complex

infojamaica
December 20, 2023

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…

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Business & Economy

BOJ: Buck stops with bank boards in managing cyber risk

infojamaica
December 20, 2023

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…

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Business & Economy

Cornerstone looks to regional expansion

infojamaica
December 20, 2023

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…

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Business & Economy

Retailers ready for influx of shoppers

infojamaica
December 20, 2023

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…

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