Insurance against the uninsured - ICWI add-on protects against illegal vehicles
In the absence of an effective government response to what is believed to be the large and growing number of uninsured motor vehicles operating on Jamaica's roads, one insurance company is offering compliant drivers an insurance top-up for a fee of up to $4,000 more per year.
Motor vehicle duty waivers and insured values
My business partner obtained a valuation for a 2008 Toyota Hiace Minibus on November 13, 2008. The company rep asked if we had received a duty concession on it. My partner replied yes. The vehicle was valued at $2.74 million. The report was given to our brokers to insure the vehicle. On January 9, 2009, we were held up. The vehicle and personal items were stolen...
UTech adds faculty of sports and science - Slated to run mega complex at Caymanas
The University of Technology (UTech) has opened a faculty of sports and science, cementing a new thrust started in 2008, which is aimed at heightening the application of scientific principles to sportsmanship and the development of sports locally.
UWI endowment fund makes first awards
The one-year-old University of the West Indies (UWI) Regional Endowment Fund (UWIREF) has provided scholarships and bursaries for 19 new undergraduate students of the University of the West Indies, Mona, Cave Hill and St Augustine campuses, amounting to US$150,000.
How to choose a business concern for investment
While investing in stocks is the easiest approach to investing in an existing company, for small businesses there is also the option of investing directly with an equity stake, taking a portion of profits as your return.
Nine years away from retirement and needs a plan
Here I am reading The Sunday Gleaner and realising that I do need to get my personal financial plan on track in terms of retirement. Retirement is in nine to 10 years time and I am shockingly behind. However, I am prepared to go for it.
More IRA products hit the market
Sagicor Pooled Investment Funds Limited (Sagicor PIF) has launched a 'Lifestyle' scheme permitting Jamaicans to save up to 20 per cent of their annual income in a tax-free individual retirement account (IRA).
Oil on troubled financial waters
In Europe and North America, governments and regulatory authorities are still debating how best to manage the behaviour of financial institutions that have become so large that should they fail, their operations would pose a systemic risk to the nations in which they are located.