Flying solo - Starting a greenhouse business after redundancy with $10m payout
More than 22,000 persons have been laid off from their jobs in the past year, but few get a big enough windfall to give them a new start.But Michael has $10 million.Now he is considering how to maximise his pay-day...
Does my insurance policy cover me?
Question: I went to insure my car the other day and read the policy. It covers everyone other than the owner. The agent confirmed that. She also said that even a comprehensive policy like mine would not protect me if I was injured in an accident.
Scotia Insurance to launch retirement scheme
Scotia Jamaica Life Insurance Company (SJLIC) is now moving ahead with the launch of a retirement scheme in early March, having got the green light from the Financial Services Commission (FSC)."We are in the process of...
Lost my cash, loan in jeopardy - Who can help?
J.F. of Kingston applied and got approval from a PC bank for a loan of $2.3 million at 12 per cent interest to expand a retail outlet into selling ice cream and juices.
IFC takes 20% stake in First Global
First Global Bank has signed a US$20 million agreement with the International Finance Corporation (IFC), a member of the World Bank group, to expand its capital base and to provide funding for on-lending to Jamaican...
First Global appoints regional bank manager
First Global Bank has appointed Donald Courtney Wilson, a career banker who previously worked with the National Commercial Bank (NCB), as assistant vice-president of its western region.Wilson is currently manager of the bank's Montego Bay branch and...
Advice for Michael from Karrian
Karrian Hepburn, branch manager of Scotia DBG Investments in Mandeville, is in favour of maximising money-market returns and other interest-earning instruments first and investing in the greenhouse later.She offers the following take on Michael's...
Changes in global order
The global order is changing. Driven by the economic crisis, the gradual drift of economic power away from the developed world is accelerating, as quite literally, the wealth of nations changes, alters global relationships and the exercise of power.