The Jamaica Stock Exchange (JSE) Combined Index close the week on a winning note on Friday. The moderate trading ended with an advance/decline ratio of 53/32. The JSE Combined Index advanced by 2,495.00 points…
Category: Business & Economy
New contract rules shrink capital at insurance companies
New rules regarding insurance contracts that have been called the most radical in a decade have carved about $45 billion off the capital base of two of the largest insurance conglomerates that operate…
Lee-Chin to take on operational role in Canada during NCB leave of absence
NCB Financial Group Limited sought to quell speculation on Wednesday night regarding its chairman, billionaire investor Michael Lee-Chin, after initially announcing his pending leave of absence from the board without explanation. The initial…
CPJ charting $1.1-billion expansion plan
Caribbean Producers (Jamaica) Limited (CPJ) will be spending an extra US$7 million (J$1.09 billion) to expand its operations in Jamaica and St Lucia as it gears up for the influx of 6,000 additional…
Mortgage rates going up
Homeowners are set to face a double whammy as several deposit-taking institutions (DTI) are set to increase the interest rate charged on existing mortgages within the next two months while general insurance companies…
Inflation falling back in line, despite price pressures
The Bank of Jamaica is forecasting that inflation will align with the target range for the December quarter and be maintained up to the period ending March 2024. But BOJ Governor Richard Byles…
My health is fine
JAMAICAN–CANADIAN billionaire Michael Lee-Chin has sought to clear the air about the reasons behind him taking a leave of absence immediately from the boards of NCB Financial Group Limited (NCBFG), National Commercial Bank…
Michael Lee-Chin to fill vacancy in Canadian business during leave from NCBFG
The NCB Financial Group (NCBFG) has sought to address questions regarding the decision of billionaire businessman Michael Lee-Chin to take a three-month leave of absence from his post as chairman of the group. In a…
Stocks Round Up | FosRich today’s top winner
The Jamaica Stock Exchange (JSE) Combined Index gained ground on Wednesday. The moderate trading, ended with an advance/decline ratio of 40/55. The JSE Combined Index advanced by 2,890.60 points or 0.84 per cent, to…
Flow, UNICEF renew partnership supporting youth development
Flow and UNICEF have recommitted to changing the lives of Jamaican youths using mobile technology and have renewed their partnership in support of youth empowerment through a Memorandum of Understanding (MoU). The two-year…