Real estate developer Gordhandas ‘Gordon’ Tewani says a third building under construction at the G-Tech Park in Portmore is now costing him more to build. The investment has spiked to $1 billion, reflecting…
Category: Business & Economy
Cashing out
JAMAICANS are rapidly shifting to digital channels to do transactions, shunning traditional approaches which are witnessing a significant decline in usage and popularity, according to data from the Bank of Jamaica (BOJ). The…
Flipping the budget script
INDIVIDUALS starting out in their personal finance journey often start with a budget, seeking established budgeting rules and guidelines as their compass. Yet, while such rules can provide a helpful framework, financial educators…
Still optimistic
THE legal dispute between Opposition Member of Parliament Fitz Jackson and the Bank of Nova Scotia Jamaica Limited regarding the imposition of encashment fees continues following the failure of a mediation process earlier…
IDB, PSOJ collaborate on EmpowerJA
The Private Sector Organisation of Jamaica (PSOJ) and the Inter-American Development Bank (IDB) have launched the EmpowerJA initiative that seeks to fast-track the economic and social development of the country’s micro, small and…
Regional drive
ICR Holdings, the entity which recently acquired Island Car Rentals and Jamaica Rental Company in a $2.7-billion deal, is set to steer a new chapter in its history, navigating into regional markets. The…
New tech institute launched to upskill small businesses in the region
The newly-launched Caribbean Digital Transformation Institute (CDTI) piloted by the Caribbean Export Development Agency (Caribbean Export) is to equip Caribbean small businesses with improved digital capabilities as they leverage the use of modern…
GOJ secures partners for climate resilience
The Government of Jamaica (GOJ) is collaborating with a number of multilateral financial institutions and partners to beef up the country’s resilience to extreme climate events. Working with the Inter-American Development Bank (IDB),…
Scotia one of the most efficient banking groups, says NCB Capital
Investment bank and brokerage NCB Capital Markets Limited has issued analysis showing that rival commercial bank Scotia Group Jamaica generally operates more efficiently than its peers, including its own parent, NCB Financial Group….
Banks warned as trade-based money laundering proliferates
Richard Serrano, a retired IRS-Criminal Investigation special agent who is currently the interim head of investigations at Citibank, says the nature of cargo movement allows age-old trade-based money laundering to proliferate, and that…