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Jan 14
Cedric Stephens | The tragedy of Jamaica’s motor insurance compensation system

Gareth Davis Sr wrote a heart-rending article in The Gleaner on January 2. Former market vendor Novellete Fuller was the subject. She was a passenger in a truck that crashed in Portland’s Rio Grande Valley in December 2008. Fourteen persons were killed. Davis’s follow-up piece was written fifteen years later. As reported by Davis, despite […]

Jan 14
Ciboney transitioning to energy market under new owner

Fresh from the yes votes at its recent annual general meeting, Ciboney Group is undergoing a transformation that will see the shell of what was once a resort business being repositioned and renamed Innovative Energy Group Limited or IEG as it transitions to a new sector: energy. The renaming follows the takeover of Ciboney by […]

Jan 14
Tourism travel surpasses 4m in 2023, beating expectation

Some 4.17 million visitors flocked Jamaica in 2023, which pushed the number of arrivals by plane and cruise ship to record levels, according to Ministry of Tourism estimates and new airport data. The arrivals are up some 17 per cent year on year, said Delano Seiveright, senior government strategist in the tourism ministry, regarding stopover […]

Jan 12
Stock Round Up | 98 stocks traded today

Published:Friday | January 12, 2024 | 5:16 PM PhotoVideo The Jamaica Stock Exchange (JSE) Combined Index closed Friday regaining lost ground. The moderate trading ended with an advance/decline ratio of 40/50 The JSE Combined Index advanced by 2,814.35 points or 0.85 per cent to close at 335,199.54. The JSE Main Market Index advanced by 3,015.95 […]

Jan 12
Water utility targets resorts and schemes in decade-long revenue improvement plan

The National Water Commission, NWC, will seek to turn the tide on water wastage with a multiyear project aimed at conservation, and tapping into Jamaica’s thriving tourism sector and housing boom. It forms part of plans to reduce the water that flows through its system but generates no income due to leaks or theft, otherwise […]

Jan 12
Regulators greenlight bitcoin funds

Nearly a dozen new bitcoin funds were expected to begin trading on Thursday, a day after seemingly divided United States regulators granted approval. The new exchange-traded funds, or ETFs, will give investors an asset that closely tracks the price of bitcoin, providing those hesitant to buy actual bitcoins a lower bar to entry. The US […]