Throughout the life of a fixed income asset, the interest payment terms and schedule of payments are usually known. These are stated at the inception when the asset/investment is first being issued. The…
Category: Business & Economy
No ransom paid
MAYBERRY Investments has turned its attention to tracking persons who obtained or disclosed any data for its clients that was dumped on the dark web by those responsible for hacking its system recently….
Scotia floats growth backed by strong liquidity
Boasting strong liquidity and good credit quality, Scotia Group Jamaica Limited expects to continue its positive growth momentum, eyeing increased results across the business during the rest of this financial year. Speaking at…
Real estate sector still lagging on anti-money laundering compliance
The Real Estate Board of Jamaica, REB, says its still labouring to bring a number of licensees that, together, handle billions of dollars in sales annually, in line with laws that are meant…
First social IPO coming
The Private Sector Organisation of Jamaica, PSOJ, plans to list its charity Project STAR on the Jamaica Social Stock Exchange via an initial public offering set to raise $100 million. The social shares…
Sagility adds fifth outsourcing centre in Jamaica
Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The…
Caribcoin to be tested as currency for cross-border trade
Proponents of crypto assets are trying to make the case that trade among Caribbean countries can double from current levels of US$2 billion by adopting digital money as complementary currency for transactions. One…
Tumbling tickers
After enjoying two recent years as the best-performing stock index in the world, the Jamaica Stock Exchange (JSE) is now among the worst performers in 2023 with trading values at about two-fifths of…
Deal off!
iCreate founder Tyrone Wilson and Ideas Execution founder Kevin Frith are set to meet today in an effort to resolve some issues as iCreate’s pulled its planned acquisition of Frith’s firm. Wilson’s threat…
Unlocking the creative sector
The Inter-American Development Bank (IDB) is pursuing an ongoing mission to unlock the creative sector in Jamaica and the wider Caribbean by dismantling the barriers that stifle its economic and cultural impact. With…