WASHINGTON (CMC): GUYANA IS expected to record the highest growth among Caribbean Community (CARICOM) countries this year, while Haiti will record under one per cent growth in 2023, according to the latest World…
Category: Business & Economy
Swiss lawmakers pick apart Credit Suisse woes ahead of deal
GENEVA (AP): SWITZERLAND’S PARLIAMENT opened a special session yesterday to scrutinise the state-imposed takeover of Swiss bank Credit Suisse by rival UBS – and consider strengthening the legal arsenal to better gird against…
Pension plans reclassified according to risk profile
THE FINANCIAL Services Commission (FSC) indicates that it has concluded a reclassification exercise for Jamaican private pension plans, with changes based on specific plan benefit type and in line with Organization for Economic…
Music firm wants to cross-list on JSE
MUSIC LICENSING Inc, a small US-based music rights firm with a big catalogue, wants to cross-list on the Jamaica Stock Exchange, JSE, while adding Jamaican music to its repertoire. The company has informed…
EXIM Bank managing director stepping away
MANAGING DIRECTOR at the National Export-Import (EXIM) Bank, Lisa Bell, is stepping down from her post on April 30, 2023. Bell has been at the helm of the state finance agency for 13…
Bank of Japan’s new head says banks stable
TOKYO (AP): The new governor of Japan’s central bank signalled on Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Bank of…
Chad Williams brings Miami-style restaurants to Kingston, Dom Rep
ENTERTAINMENT BRAND builder and restaurateur Chad Williams is spreading his wings to the Dominican Republic, DR, and simultaneously opening a new restaurant in Kingston. The entrepreneur is capitalising on more than a decade’s…
Flow Foundation, Junior Achievement improving business literacy
Technology is at the core of doing business today and young children are getting the chance to experience this in a unique way through BizTown. Operated by Junior Achievement Jamaica (JAJ), BizTown provides…
Stocks Round Up | Margaritaville (Turks), Purity and KLE today’s top performers
The Jamaica Stock Exchange (JSE) Combined Index reversed some of the recent gains on Tuesday. The bustling trading ended with an advance/decline ratio of 50/50. The JSE Combined Index declined by 139.10 points…
Buying bonds (premium vs discount)
F or n ew investors the process of buying bonds can be complex as it involves various terminologies and buying scenarios. Today we will discuss buying bonds at a premium versus a discount….