The value of pension assets under the control of fund managers fell by $15 billion in the span of three months, amid aggressive interest rate hikes in Jamaica and foreign markets that have…
Category: Business & Economy
Fewer complaints about utilities in 2022
Fewer customers complained about poor service last year, but utility providers still paid out $157 million, according to data released by the regulator on Wednesday. The Office of Utilities Regulation, OUR, received 20…
BOJ holds firm on rates, projects growth of at least 4%
The Bank of Jamaica, BOJ, has held its key interest rate steady at 7.0 per cent for a third time, a decision that businesses have welcomed. The central bank’s last rate increase was…
Top Venezuela oil official pleads guilty to taking bribes
The former general counsel for Venezuela’s state-owned oil company pleaded guilty in Miami federal court on money-laundering charges on Wednesday in connection to a conspiracy to siphon hundreds of millions from state coffers…
Trinidad wins US$100m verdict in key corruption lawsuit
The government of Trinidad…
Digital transformation has to be CEO-driven, says Hylton
Jamaica’s largest banking group has grown its loan portfolio sevenfold since the start of its journey towards digital transformation in 2015. Additionally, the loans written through digital channels now account for 20 per…
Jan Eeckhout | The simplest fix for banking
Last year, the Nobel Prize in economics went to two economists who study the dynamics of bank runs, as well as to former US Federal Reserve Chair Ben Bernanke for his work analysing…
Public pension plan losses from bank failures seen as minor
When two tech-linked American banks failed this month, among the investors who lost millions were public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. The pension funds,…
Twitter celebs baulk at paying for blue checkmark
William Shatner, Monica Lewinsky, and other prolific Twitter commentators — some household names, others little-known journalists — could soon be losing the blue checkmarks that helped verify their identity on the social media…
