News Jamaica: Insurers set to gain investment flexibility
Insurance companies could gain access to a wider range of investment opportunities under proposed changes to rules governing the sector, with the Senate’s Regulations Committee raising no objections to a measure that would remove a requirement for four conditions to be met simultaneously before certain investments qualify. Deputy executive director of supervision at the Financial Services Commission (FSC) Nicolette Jenez told the committee on Thursday, during a virtual sitting, that...
News Jamaica: Barita Financial Group says BPay pilot focused on financial inclusion
Barita Financial Group Limited has announced the controlled pilot rollout of BPay by Barita, a digital wallet offered by Barita Merchant Bank Limited, a deposit-taking institution licensed by the Bank of Jamaica (BOJ). In a statement Sunday, the company noted that the initiative is “focused on bringing digital financial services directly to communities, campuses and workplaces.” Barita says BPay was approved by the BOJ following its regulatory review process and...
News Jamaica: USF to restore all Wi-Fi sites damaged by Hurricane Melissa in Hanover
HANOVER, Jamaica — Chief Executive Officer of the Universal Service Fund (USF), Charlton McFarlane says $32 million will be spent on restoring all 16 hurricane-damaged public Wi-Fi sites throughout the parish of Hanover. Speaking to residents, business interests and other stakeholders at the public launch in the Lucea Bus Park on June 26, McFarlane said that not only was it a great and defining moment for Hanover but it was...
News Jamaica: Hanover Charities now recognised as NGO
HANOVER, Jamaica — Having served vulnerable populations and organisations across western Jamaica for 69 years, Hanover Charities is now an internationally recognised non-governmental organisation (NGO). “For almost 70 years, we have stood with the people of Jamaica, Hanover, and especially, of course, the west. We don't argue with whatever we face; we just try and get the job done. From our donors, executive team, volunteers, to everybody in front of us here...
News Jamaica: Marathon Insurance Brokers backs Jamaica’s historic Commonwealth CAC Games campaign
KINGSTON, Jamaica — Marathon Insurance Brokers (MIB) says it has reaffirmed its commitment to the development of Jamaican sport as one of the major sponsors supporting the country’s largest-ever contingent to the Commonwealth Games and the Central American and Caribbean (CAC) Games. Representatives of MIB joined officials from the Jamaica Olympic Association (JOA), athletes and other stakeholders at Thursday’s official launch of Jamaica’s campaign for the two multi-sport events, which will run...
News Jamaica: Nearly a year on, insurers move to clear outstanding Hurricane Melissa claims
The Insurance Association of Jamaica (IAJ) says its member companies are intensifying efforts to resolve outstanding claims from Hurricane Melissa.
News Jamaica: Jamaica Explained: The Country, Its Economy, Its Politics and What to Watch
Jamaica explained: a US$22.7 billion island economy rebuilding after Hurricane Melissa, a close 2025 election and the dates that matter next.
News Jamaica: Jamaica Economy Shrinks 2.9% in Second Quarter as Hurricane Damage Lingers
The Jamaica economy shrank 2.9% in April to June 2026 from a year earlier, official data show, as farms, mines and hotels still felt Hurricane Melissa.
News Jamaica: Rising prices, falling growth put Jamaica’s economy under pressure
For many Jamaicans, the state of the economy is no longer something measured only in quarterly government forecasts.
News Jamaica: More rate hikes possible, economist warns after BOJ move
ECONOMIST Keenan Falconer expects the Bank of Jamaica (BOJ) could raise interest rates again if inflation remains high, describing Monday’s half-point increase as more aggressive than he had ...
News Jamaica: Man arrested after flying from Jamaica with bag of stolen credit cards, feds say
A man is in federal custody after U.S. Customs agents say he arrived at Fort Lauderdale-Hollywood International Airport on a flight from Montego Bay, Jamaica, carrying a bag full of stolen credit and ...
News Jamaica: Could a business credit card be costing your company money?
BUSINESS credit cards may serve the same basic purpose, but they do not all offer the same value. A Jamaica Observer review of selected products offered by five financial institutions found wide ...
News Jamaica: Jamaica Investment Forum 2012: 10 Reasons to Invest in Jamaica’s Tourism Industry
Jamaica's Prime Minister Portia Simpson Miller (C) speaks with her minister of Industry, Anthony Hylton (L), and Abel Matutes, CEO of Fiesta Hotel Group, during the Jamaica Investment Forum in Montego ...
News Jamaica: Cayman Islands increase range of food imports from Jamaica
Under a new import export arrangement between the Cayman Islands and Jamaica, the Ministry of Agriculture has approved a broadened list of agricultural produce that can be imported to the Cayman ...
News Jamaica: Jamaica’s trade deficit narrows as imports fall, exports face headwinds
JAMAICA’S international merchandise trade deficit showed modest improvement in January 2025, driven by a sharp decline in imports even as export revenues faced significant challenges, according to ...
News Jamaica: Jamaica’s trade deficit narrows as imports decline amid export challenges
JAMAICA recorded a 3.4 per cent contraction in merchandise imports through October 2024 while weathering an 11.8 per cent export decline, according to new data from the Statistical Institute of ...
News Jamaica: Jamaica’s credit ratings hold despite Melissa
JAMAICA’S credit ratings have remained stable despite the economic damage caused by Hurricane Melissa last October, a development that could help the Government maintain access to financing as it ...
News Jamaica: Jamaica’s Development Bank to Offer Loans to BPO Sector
The Development Bank of Jamaica (DBJ) will offer financial support to companies in the business process outsourcing (BPO) sector in a bid to foster the industry’s development in the island nation.
