Portland Caribbean Fund III has raised US$100 million under the first closing of the new fund. The European Investment Bank, EIB, acted as a key investor in the first phase. The commitment by the bank, which is ultimately owned by member states of.
Snipping away at costs while seeking to improve margins, JMMB Bank is cutting back on paper and will also be hiking fees early in the coming year. Starting February 1, JMMB will charge $25 for each withdrawal beyond the four free ones it allows,.
Recent moves to tighten the oversight of Jamaican charities have not been enough to satisfy money laundering watchdog Financial Action Task Force, FATF, which wants a more comprehensive approach to ensure that they are not being exploited as.
Sherbourne Limited, a development company owned by Richard Lake and family, has launched construction on a $2-billion project that will provide housing in downtown Kingston. The company is banking on tax incentives to temper the cost of financing.
Experts will meet with state technocrats today to discuss the implications of raising the island’s hotel room count to 50,000 rooms in five years. The island will benefit from some US$4 billion in investments to develop these new rooms, which.