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Chamber forum focuses on pandemic recovery efforts

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Courtesy photoThe Merrimack Valley Chamber of Commerce held its annual Economic Development Forum on June 23 at the Phoenician Restaurant. From left, Lane Glenn, president of Northern Essex Community College; Sal Lupoli of Lupoli Companies; Robert Brown of Broco Oil; David Zwartendijk of Josephâs Gourmet Pasta; Sophan Smith of Entrepreneurship for All; Mike Kennealy, state secretary of housing and economic development, and Joseph Bevilacqua president and CEO of the Merrimack Valley Chamber of Commerce.
Chamber forum focuses on pandemic recovery efforts
By Mike LaBella mlabella@hgazette.com
Jul 6, 2021
15 hrs ago
Courtesy photoThe Merrimack Valley Chamber of Commerce held its annual Economic Development Forum on June 23 at the Phoenician Restaurant. From left, Lane Glenn, president of Northern Essex Community College; Sal Lupoli of Lupoli Companies; Robert Brown of Broco Oil; David Zwartendijk of Josephâ� ....

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Digital Currency Will Boost Gov't Service Delivery, Financial Inclusion – Jamaica Information Service

The Bank of Jamaica (BOJ) anticipates that the introduction of a Central Bank Digital Currency (CBDC), slated for 2022, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans.
Governor, Richard Byles, said that the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar COVID-19 Allocation of Resources to Employees (CARE) Programme, highlights the need for the CBDC.
âThe simple act of trying to get government support out to those who [were] most in need became very difficult, because many Jamaicans are not part of the financial network and also because a lot of the banking [arrangements are] still not digitised. I think that there is a greater need for financial inclusion and digitisation of the Jamaican economy, and that is one of the issues that we hope to rectify with the CBDC,â he said. ....

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Jamaica Central Bank to introduce digital currency next year

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KINGSTON – The Bank of Jamaica (BOJ) said it anticipates that the introduction of a Central Bank Digital Currency (CBDC), scheduled for next year, will serve to bolster government service delivery and boost financial inclusion for a greater number of Jamaicans.
BOJ governor Dr. Richard Byles said the challenges arising in relation to the deployment of funds to beneficiaries under the multibillion-dollar coronavirus (COVID-19) Allocation of Resources to Employees (CARE) programme, highlights the need for the CBDC.
“The simple act of trying to get government support out to those who [were] most in need became very difficult because many Jamaicans are not part of the financial network and also because a lot of the banking [arrangements are] still not digitised,” he said. ....

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Doing business in Africa

The UK competitiveness agenda has been at the forefront of business and government thinking since the Brexit countdown began in 2017. The African continent and its vast potential has steadily risen up the agenda over the last decade. Combine these interests, and four years on we are seeing recognition of the important role English law and legal services play in maintaining UK competitiveness – and increasing support from the government to promote them
Andrew Skipper
The government recently issued its Global Britain in a Competitive Age: the Integrated Review of Security, Defence, Development and Foreign Policy (read: post-Brexit world). This review has come in for much criticism, not least when coupled with the dramatic decrease in overseas aid and, for those who see Africa as key in the coming years, its lack of detail or focus on the continent. ....

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Saudi insurance sector eyes more mergers and acquisitions

2021-05-24T17:28:00+01:00
The Kingdom’s insurance sector closed the financial year 2020 on a high note with the aggregate net profit of local insurance firms, except for the Saudi Indian Company for Cooperative Insurance, rising to SR1.443 billion ($0.38 billion) in Q4, an increase of 47 percent year-on-year, according to data compiled by the financial news service Argaam.
There were 13 insurers recording higher profits in 2020, led by the Mediterranean and Gulf Insurance and Reinsurance Co., which surged 1,081 percent, the Saudi Arabian Cooperative Insurance Co., which increased 545 percent, and the Gulf General Cooperative Insurance Co. which saw net income up 397 percent.
The sector finished out the tough year on a high note mainly thanks to government support. ....

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