Deputy Governor of the Bank of Jamaica (BOJ), Wayne Robinson, says legislation for the new ‘twin peaks’ model of the financial system regulation is not expected to land in Parliament before 2025. The…
Category: Business & Economy
‘It will improve security of supplies’
BUYING House Limited, the St James-based distributor of cement, said the recent expansion of production by its parent company Domicem SA will put it in a better position to meet demand in the…
Renovations boost Grand Palladium Resorts’ revenue
GRAND Palladium Jamaica Resort & Spa, along with its counterpart, Grand Palladium Lady Hamilton Resort & Spa Hotel, have experienced a remarkable 15 per cent increase in revenues for its local market after…
Flow boosts Longville Park with tech donations and free internet
Flow recently demonstrated corporate social responsibility in action by donating free high-speed internet and smart devices to the Longville Park Community Centre in Clarendon. The communications and entertainment provider was in the community…
Europe reaches deal on world’s first comprehensive AI rules
LONDON: European Union (EU) negotiators clinched a deal on the world’s first comprehensive artificial intelligence (AI) rules, paving the way for legal oversight of AI technology that has promised to transform everyday life…
Scotia profit beats NCB for first time in decade
Scotia Group Jamaica (SGJ) has made $17.2 billion in annual profit, more than its larger peer, NCB Financial, which recently underwent leadership changes. It’s the first time SGJ has beaten NCB in its…
Bank jitters
JAMAICA Bankers Association (JBA) said it has commenced discussions amongst its members with the aim of finding solutions to reduce or eliminate the spate of attacks against cash couriers as the country heads…
iCreate to consider spinning off Visual Vibe
Less than seven months after acquiring Visual Vibe.com Limited, iCreate Limited is looking to potentially spin-off its remaining ownership in the subsidiary to its shareholders. The notice, which came out on the Jamaica…
PAJ’s trans-shipment volumes increasing
The Port Authority of Jamaica (PAJ) continues to benefit from an increase in regional nearshoring activities, with the handling of trans-shipment containers accounting for approximately 85 per cent of the total 20-foot equivalent…
Zoetry Montego Bay: An international brand focused on Jamaican culture
Zoetry Montego Bay (Zoetry), a luxury boutique resort and part of the Hyatt Inclusive Collection of Hotels, opened seven years ago at Rose Hall in St James. And despite being a foreign-owned hotel,…