Money Media

Hey Reader, Here's your weekly roundup from Money Media! 📌Story of the Week BOJ Raises Interest Rates to 6%. What Does It Mean for You? Jamaica’s central bank has raised interest rates to 6%, adding another pressure point for households already facing higher prices. The Bank of Jamaica increased its policy rate from 5.5 to 6%, effective September 29. That’s a half-percentage-point increase. Annual inflation reached 7.9% percent in August, above BOJ’s target range of 4 to 6%... Click here to...

BOJ Raises Interest Rates to 6%. What Does It Mean for You? Jamaica’s central bank has raised interest rates to 6%, adding another pressure point for households already facing higher prices. The Bank of Jamaica increased its policy rate from 5.5 to 6%, effective September 29. That’s a half-percentage-point increase. Annual inflation reached 7.9% percent in August, above BOJ’s target range of 4 to 6%... Read more FEATURED Own a Piece of the Caribbean Learn how to invest and build wealth in the...

Scotia Raises Its Offer to $75 Per Share. Is It Enough? Scotiabank is now offering minority shareholders seventy-five dollars a share to take Scotia Group Jamaica private — but is that enough?The offer increased from $61.50 to $75 — almost 22% more. For someone with a thousand shares, that’s an additional $13,500. Read more LESSON 1 FREE The stock market isn’t a secret club Watch Stock Market Basics and learn how investing works—with language and examples that make sense in the Caribbean....

Hey Reader, Here's What's Hot on the business scene right now 🔥🔥🔥 LESSON 1 FREE The stock market isn’t a secret club Watch Stock Market Basics and learn how investing works—with language and examples that make sense in the Caribbean. Watch the free lesson ScotiaBank raises offer to J$75 Would you take the offer? Scotiabank has increased its offer to buy the remaining shares in Scotia Group Jamaica to seventy-five Jamaican dollars per share. The Canadian parent company says the revised offer...

Seprod Wants to Split Its Shares 5-for-1. Here’s What It Means for Investors Five shares for every one—but not five times the money. That’s what Seprod is proposing.Seprod has called an Extraordinary General Meeting to seek approval for three moves: ONE - increasing its authorised shares from one billion to 1.9 billion; TWO - splitting every issued share into five; ... Read more LESSON 1 FREE The stock market isn’t a secret club Watch Stock Market Basics and learn how investing works—with...

NCB Is Lending Again — But Getting a Loan May Be Different NCB Jamaica's new CEO says its growth in its mortgages and auto-loans are moving back towards pre-pandemic levels. NCB Jamaica CEO Sheree Martin recently confirmed on Taking Stock that the bank slowed parts of its lending operation while it reviewed how it assessed risk. But she pushed back on the idea that NCB had stopped lending across the board... Read more LESSON 1 FREE The stock market isn’t a secret club Watch Stock Market...

Hey Reader, Here's your weekly roundup from Money Media! 📌Story of the Week Royal Caribbean Just Bought Half of Sandals for $3 Billion How can investors take advantage of the new Sandals Royal Caribbean deal? Now they've announced that Royal Caribbean is buying half the business. Let's break down this Sandals deal. Royal Caribbean Group has agreed to acquire a 50 per cent stake in Sandals and Beaches Resorts for approximately US$3 billion. Click here to read more Taking Stock Meet NCB...