BCNN6: Business Archives

Is Your Money Safe?

By BCNN6 on January 30, 2012 5:33 AM | No TrackBacks

PEOPLE who stash their savings in credit unions may be putting them in more danger than if they used a conventional bank, warns a top expert in financial risk.

Credit unions often don't have the systems or management skills to tell whether the institution is on a sound foundation or not, said Wayne Dass, CEO of CariCRIS, the region's only credit rating agency.

Continue reading Is Your Money Safe?.

Loan Burden a Harsh Reality for Many Jamaicans

By BCNN6 on January 16, 2012 9:16 AM | No TrackBacks

MULTIPLE loans and credit card bills getting too costly to manage? Maybe it's time to consolidate your debt.

Over the last two years, the value of debt that has been consolidated -- multiple loans wrapped into one -- have grown significantly. It doubled in the first nine months of 2011 to $3.8 billion when compared to the same period in 2010. Also, in 2010, it was 40 per cent higher than the year before.

Continue reading Loan Burden a Harsh Reality for Many Jamaicans.

Jamaica: Top 10 Business Stories in 2011

By BCNN6 on December 26, 2011 3:33 AM | No TrackBacks

As 2011 comes to a close, Sunday Finance reflects on some of the big stories that made it another landmark year for commerce in Jamaica.

Continue reading Jamaica: Top 10 Business Stories in 2011.

The Importance Of Right Choices

By BCNN6 on December 12, 2011 9:14 PM | No TrackBacks

WE ARE in an era where the choices we make are critical to our success in accomplishing our goals and objectives - individually and nationally. The survival of businesses and nations are directly connected to the choices made by all involved.

Continue reading The Importance Of Right Choices.

Brand Jamaica Reigns Supreme at Business Leader Awards

By BCNN6 on December 5, 2011 1:14 PM | No TrackBacks

He may not have won the 2010 Jamaica Observer Business Leader Award, but nominee George Yap was the clear audience choice for Mr Congeniality.

Continue reading Brand Jamaica Reigns Supreme at Business Leader Awards.

JBDC Launches Website to Showcase Local Brands Abroad

By BCNN6 on November 21, 2011 7:29 AM | No TrackBacks

THE Jamaica Business Development Corporation (JBDC) is expanding its reach into retail, with the launch of its e-commerce website, which will sell products marketed under Things Jamaican, as well as the scheduled opening of a sixth store in Negril.

Continue reading JBDC Launches Website to Showcase Local Brands Abroad.

Scotia Loses $150 Million in Card Scams

By BCNN6 on August 29, 2010 5:21 PM | No TrackBacks

Scotiabank Jamaica has lost $150 million over the last nine months in debit and credit card fraud, the bank has disclosed.

At an investor's briefing last week to announce the firm's third quarter financials, Scotia Group CEO Bruce Bowen Bowen said the situation with card frauds had become so widespread that the bank was now developing technology to help deal with the problem.

Continue reading Scotia Loses $150 Million in Card Scams.

Caribbean Media Exchange on Sustainable Tourism Targets Faith-Based Tourism

By BCNN6 on August 22, 2010 11:38 AM | No TrackBacks

The Caribbean Media Exchange (CMEx) on Sustainable Tourism is targeting the development of faith-based tourism to Jamaica and the Caribbean in the drive to ensure that one of the region's most lucrative exports remains so.

Continue reading Caribbean Media Exchange on Sustainable Tourism Targets Faith-Based Tourism.

Digicel's 4G: A Huge Technology Wave for Jamaicans

By BCNN6 on August 22, 2010 11:35 AM | No TrackBacks

SOME changes, though profound, take place quietly. When Digicel launched its mobile phone service in Jamaica over nine years ago, the mass penetration was unexpected but very profound. The company had projected 100,000 customers in one year. They achieved that target in 100 days.

Continue reading Digicel's 4G: A Huge Technology Wave for Jamaicans .

Finances a Mess? Free Budgeting Sites Offer Help

By BCNN6 on August 15, 2010 12:24 PM | No TrackBacks

$Career-math.jpg$ Free budgeting sites continue to grow in popularity. One of the most well-known, Mint.com, says it now has more 1.2 million active users.

Among the benefits these sites offer is the ability to view multiple banking and investment accounts

in one place.

Continue reading Finances a Mess? Free Budgeting Sites Offer Help.

Crackdown on Companies

By BCNN6 on August 15, 2010 12:22 PM | No TrackBacks

A solid 41 per cent of the more than 60,000 active companies on the Gover-nment's register are in breach of the requirements for filing annual returns, and they are about to be hit where it is expected to hurt most: in their pockets.

Continue reading Crackdown on Companies.

Auto-Theft Is a $1.8 Billion Problem

By BCNN6 on August 8, 2010 11:42 PM | No TrackBacks

LOSSES due to auto-theft were $1.8 billion across the local insurance industry last year, according to figures released by the Insurance Association of Jamaica (IAJ). A thorn in the side of insurers, carjackings are also a major problem for Jamaican motorists, who as a result, face the daunting prospect of having to pay more for auto insurance.

Continue reading Auto-Theft Is a $1.8 Billion Problem .

Banks Double Loans to Agriculture, Production

By BCNN6 on August 8, 2010 6:13 PM | No TrackBacks

Commercial bank loans to agriculture and production accounted for a combined $13.2 billion dollars in May 2010, 5.3 per cent of the total loans in that month and almost twice that given in the same period to those sectors last year, data from the Bank of Jamaica (BOJ) reveals.

Continue reading Banks Double Loans to Agriculture, Production .

WATCH: World's Leading Investors Fear Deflation

By BCNN6 on August 8, 2010 6:08 PM | No TrackBacks

Some of the world's leading investors are becoming more worried about the possibility of deflation, according to the Wall Street Journal. "Deflation isn't just a topic of intellectual curiosity, it's happening," said Bill Gross, who runs the $239 billion mutual fund Pimco Total Return Fund. He cited an annualized 0.1% decline over the past two years in the U.S. consumer-price index. "It's an uncertain world that's tipping toward deflation."

Continue reading WATCH: World's Leading Investors Fear Deflation.

Agro-Investment Corporation Creating Network Of Agriculture Parks

By BCNN6 on August 1, 2010 7:29 AM | No TrackBacks

Agro-Investment Corporation (AIC) has approved 34 projects for funding at a cost of J$126.22 million, sticking closely with its mandate of agriculture business facilitation.

Financing for the small-farming projects will be issued through the network of PC banks.

Hershell Brown, head of the Agro-Investment Corporation.

Continue reading Agro-Investment Corporation Creating Network Of Agriculture Parks.

Recently in Business Category