Saturday, 10 September 2022 15:18

Scotia Group reports improved financials

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Financial company Scotia Group Jamaica saw another quarter of improved financial results.
Ireland's data privacy regulator has agreed to levy a record fine of 405 million euros against social network Instagram following an investigation into its handling of children's data.

The Bank of Jamaica says it will still accept 20 and 50 pound banknotes even after the cut-off date set by the Bank of England.

First Caribbean International Bank Limited has appointed Mark St. Hill as its new Chief Executive Officer.

Prime Minister Andrew Holness says the country could stand to benefit economically if more teachers are trained locally, to be exported to other countries facing similar shortages of educators. 

The Jamaica Social Investment Fund (JSIF) is offering $15 million in grant funding to some micro-enterprises.

Reports indicate Jamaica’s total export earnings fell by almost 10 per cent while the import expenditure increased by over 32 per cent for January and February when compared to the corresponding period last year.

Richard Pandohie, CEO of Seprod Group and Co-Chairman of the Economic Programme Oversight Committee (EPOC), has decried the high-crime situation in Jamaica, describing it as a crisis, for which a solution must be found.

The National Export-Import (EXIM) Bank has, to date, approved and disbursed 162 loans valued at some $1.56 billion to 72 beneficiaries, through a loan facility established to provide financing to small and medium tourism enterprises (SMTEs).

Monday, 13 June 2022 11:13

Owners Of SMTES Urged to Register Businesses

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The Companies Office of Jamaica (COJ) is urging owners of small and medium-sized tourism enterprises (SMTEs) to register their businesses.

Thursday, 27 January 2022 15:12

Jackson Wants Govt Support on Banking Bill

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People's National Party Member of Parliament Fitz Jackson is urging the Government to vote in favour of his Bill to amend the Banking Services Act, which would address the issue of high service fees charged by commercial banks.
The bill to amend the Banking Services Act was re-tabled in Parliament in October last year after it was rejected in 2018.
The St. Catherine South MP criticised the comments from Prime Minister Andrew Holness and Finance Minister Dr. Nigel Clarke cautioning the banking sector against increasing service fees amid public outcry over the decision.
Mr. Jackson argued that their concern is not genuine as they have failed to act. 
He believes if the government is truly concerned, it should put the bill to a vote when the House of Representatives meets again on Tuesday.
"Pass the bill and sign it into law at the soonest possible time, and much of what we're talking about that is unreasonable would have been resolved by law," he suggested. "The people of this country elected all of us to protect them, not to go beg the banks to be sympathetic". 
The island's commercial banks have recently announced an increase in various fees.
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