Credit unions saw a dip in the quality of their loans last year, new central bank data shows, resulting in a non-performing portfolio above five per cent of total loans. But the Jamaica…
Category: Business & Economy
Global shocks to delay part of Portland Fund III equity raise
Global shocks will make the raising of US$350 million in seed capital for Portland Caribbean Fund III more challenging this year. Consequently, the fund managers will extend the offer to new investors until…
Real estate boom propels property insurance market despite reinsurance worries
The property insurance portfolios of nearly a dozen general insurers grew markedly last year, on average, a newly released report from industry regulator Financial Services Commission, FSC, shows. But one of its knock-on…
Courts launches microfin business BlueStart
Courts Jamaica Limited has restructured its operations to create a new company called BlueStart Capital (Jamaica) Limited, under which it will conduct its microfinancing or loan business. The loan business, more popularly known…
Stocks Round Up | 7.86 million units traded today
The Jamaica Stock Exchange (JSE) Combined Index reversed recent gains as it closed down on Thursday. Slow trading on small volumes ended with an advance/decline ratio of 44/52. The JSE Combined Index declined…
Fed raises key rate but hints it may pause amid bank turmoil
The United States Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled…
Stocks Round Up | Sterling Investments (USD), MPC Caribbean and Caribbean Flavours today’s top performers
The Jamaica Stock Exchange (JSE) Combined Index was back to winning ways on Wednesday. Brisk trading on small volumes ended with an advance/decline ratio of 53/46. The JSE Combined Index advanced by 1,998.79…
Key locks digital for growth
Even as it continues to execute a successful turnaround strategy, general insurer Key Insurance Limited is looking to deepen digital services as streamline processes and leverage technology to enhance speed, accuracy and reliability…
The Optimum Distributors story
IT’S probably the dream of every college student: starting a business that will generate enough to provide financial security for years to come. But for Sheldon Powe, the founder of Optimum Distributors, that…
Jampro to launch new business gateway portal
To facilitate a greater ease of doing business with the country, State marketer Jamaica Promotions Corporation (Jampro) said it is now in the final stages of rolling out the Jamaica Business Gateway. The…