标签: Jamaica

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  • Sagicor pulls out the stops for IWD

    Sagicor pulls out the stops for IWD

    ST JAMES, Jamaica — In a vibrant celebration aligning with the UN International Year of the Woman Farmer, Sagicor Bank transformed the scenic White Witch Golf Club in Rose Hall into a tribute to female agricultural pioneers. The event, themed ‘From Her Farm To Your Table,’ served as both a festive gathering and a powerful platform to recognize the women who form the backbone of the global food supply chain.

    The brunch was an immersive experience, meticulously crafted with artisanal decor from Pussbackfoot featuring signature straw-woven pieces and culinary displays. The gastronomic journey showcased the expertise of chef Oji Jaja from Ashebre, who masterfully incorporated produce from female-led Halifax Farms, including delicate micro greens and edible flowers cultivated by CEO Janice Dacres-Jones.

    Female clients enjoyed an array of activities including cocktail sampling, miniature golf, body butter crafting, and treasure hunts, fostering both recreation and community bonding. Sagicor Bank CEO Chorvelle Johnson-Cunningham opened the proceedings by encouraging attendees to initiate backyard gardening projects while honoring the resilience of women farmers in sustainable development.

    Daidre Sloley-McKay, Vice President of Group Marketing at Sagicor, emphasized the dual purpose of the event: “We’re delighted to celebrate with our clients while spotlighting the women who nourish our nation. This gathering demonstrates our collective commitment to mutual empowerment.”

    Honoree Janice Dacres-Jones expressed gratitude for the recognition while highlighting systemic challenges: “This acknowledgment is profoundly meaningful, but we must advance further with improved financing access and land rights for female farmers. When afforded opportunities, women excel at innovation and problem-solving in agriculture.”

    Dacres-Jones also addressed critical industry challenges: “Climate change, hurricanes, and external factors threaten food security. Our future depends on integrating technology to mitigate impacts, accelerate recovery, and protect our farmers.”

    The culinary program featured locally sourced ingredients including pan chicken, roasted snapper, pimento-smoked crispy pork belly, and jerk barbecue crispy cauliflower. Chef Jaja explained his philosophy: “We intentionally prioritized local sourcing from female farmers to align with the event’s mission. The micro greens and edible flowers allowed us to enhance multiple dishes with both visual appeal and nutritional value.”

    Despite weather-related adjustments, the event concluded successfully with guests celebrating through dance, symbolizing the joyful solidarity among Jamaica’s professional women and agricultural innovators.

  • Galactic showdown

    Galactic showdown

    In a monumental clash overshadowed by significant logistical challenges, Jamaican champions Mount Pleasant FA are poised for their historic Concacaf Champions Cup round-of-16 debut against Major League Soccer titans Los Angeles Galaxy. The first-leg encounter is scheduled for Dignity Health Sports Park in Carson, California, with an 8:30 pm Jamaica time kickoff.

    The St Ann-based club, founded merely a decade ago in 2015, arrives at this pivotal moment severely compromised. Despite appeals to continental governing body Concacaf, visa complications have prevented approximately half of their squad from traveling, forcing them to field only the competition-minimum 18 players. This contingent includes five members recently featured in Jamaica’s Under-20 squad during their successful Concacaf qualifying campaign in Curaçao.

    Paul Christie, Mount Pleasant’s sporting director, expressed profound frustration regarding the situation. ‘We simply sought a level playing field and fair play,’ Christie stated. ‘Our aspiration isn’t merely to appear; we aim to compete authentically. Unfortunately, circumstances have denied us the opportunity to field our optimal starting eleven.’

    Historically, Jamaican clubs have struggled at this stage, with Arnett Gardens (2002-03), Portmore United (2020), and Cavalier SC (2023) all failing to advance. Head Coach Theodore Whitmore confronts this formidable challenge with a depleted bench and recent inconsistent Jamaica Premier League form, including consecutive draws against Portmore United and Tivoli Gardens.

    Despite these adversities, Mount Pleasant has demonstrated exceptional performance in regional tournaments, narrowly defeating Dominican Republic’s Universidad O&M FC in the Caribbean Cup final. Key players available include goalkeeper Tafari Chambers, captain and central defender Kyle Ming, alongside attackers Kimoni Bailey, Alex Marshall, and Raheem Edwards—the team’s current leading scorer. However, Warner Brown, despite traveling, remains questionable due to injury.

    Their opponents, LA Galaxy, advanced on away goals after a 1-1 aggregate against Sporting San Miguelito. The MLS side boasts formidable talents including Ghanaian goalscorer Joseph Paintsil, German veteran Marco Reus, Novak Micovic, and Norwegian defender Jakob Glesnes.

    This matchup marks the fifth two-legged series between Jamaican clubs and MLS opponents, continuing a competitive history that includes Harbour View’s encounters with DC United and Cavalier’s recent meetings with FC Cincinnati and Inter Miami.

  • Mexico considering social media restriction for minors — minister

    Mexico considering social media restriction for minors — minister

    MEXICO CITY — Mexican education authorities are actively developing regulatory proposals to restrict social media access for minors, mirroring Australia’s stringent approach to digital child protection. Public Education Secretary Mario Delgado confirmed to AFP that the government has initiated comprehensive consultations with civil society groups, targeting June for formal proposal development.

    This move aligns with a growing international trend where nations including France, Britain, Spain, Denmark, India, Indonesia, and Portugal are implementing or considering similar age-based social media restrictions. Australia’s December 2023 mandate requires major platforms like TikTok, YouTube, and Snapchat to remove under-16 accounts under threat of substantial penalties, while France recently approved legislation banning social media for under-15s.

    Delgado emphasized the state’s fundamental responsibility in minor protection and education, stating: “What Meta, Facebook and TikTok are interested in is having followers, and there are no filters on content that could affect children’s emotional health.” He specifically cited concerns about minors’ exposure to violent material, pornography, and cyberbullying through unrestricted platform access.

    However, the secretary stressed that effective regulation must originate “from the grassroots, from the lived experiences of parents, different communities and teachers” rather than top-down imposition. The consultation process aims to establish boundaries through collaborative input rather than prohibition, with tech companies also participating in discussions to foster “responsible, critical and conscious” digital citizenship.

    Australian officials report their restrictions have already yielded positive outcomes including reduced cyberbullying incidents and improved student concentration in educational settings. While Delgado expressed personal approval of Australia’s model and acknowledged the parental challenges of limiting social media use, Mexico currently isn’t considering Brazil-style classroom smartphone bans that prohibit non-emergency device use in schools.

  • NCB to host tax seminar for businesses navigating statutory payments

    NCB to host tax seminar for businesses navigating statutory payments

    KINGSTON, Jamaica — In a strategic move to bolster financial resilience among local enterprises, National Commercial Bank Jamaica Limited (NCB) is set to conduct a specialized online seminar focused on navigating statutory tax obligations without compromising operational liquidity. Scheduled for Thursday, March 12, 2026, between 6:00 pm and 8:00 pm, the virtual event ‘NCB Business Tax Seminar: Master Tax Season and Get Rewarded’ will be broadcast live on the bank’s official YouTube platform.

    The seminar will assemble a multidisciplinary panel of taxation authorities, financial strategists, and payment solutions experts to dissect regulatory compliance and unveil pragmatic approaches for managing fiscal responsibilities during peak payment periods. Danielle Cameron Duncan, NCB’s Acting Senior Vice-President for Payments and Enterprise Operations, emphasized that the initiative directly responds to the liquidity constraints frequently encountered by businesses during tax cycles.

    ‘Unstructured management of tax liabilities can exert substantial pressure on a company’s cash flow,’ Cameron Duncan noted. ‘Our objective is to empower small and medium-sized enterprises (SMEs) with the knowledge to tackle this challenge methodically.’

    The discourse will extend to the intelligent application of credit facilities and digital payment instruments, demonstrating how these resources can provide operational flexibility while meeting government mandates. ‘When deployed judiciously, financial tools can offer crucial breathing space, enabling businesses to sustain smooth operations amid statutory demands,’ she added. ‘We aim to equip entrepreneurs with techniques that safeguard liquidity and enhance fiscal discipline.’

    Featured contributors include representatives from Tax Administration Jamaica, global payment giant Mastercard, and NCB’s internal experts. Entrepreneurs, independent contractors, and SME proprietors can secure virtual participation by registering at www.tinyurl.com/NCBTaxesSeminar2026.

  • Another wage warning

    Another wage warning

    Jamaica’s fiscal stability faces a critical juncture as its Independent Fiscal Commission issues a stark warning against the nation’s escalating public sector wage bill. Fiscal Commissioner Courtney Williams cautioned that the current trajectory—where compensation costs consume an ever-growing portion of tax revenues—threatens to undermine long-term economic growth and climate resilience.

    The Commission’s February 2026 Economic and Fiscal Assessment Report identifies multiple structural challenges creating mounting fiscal pressures. These include wage growth disconnected from economic performance, systematic under-execution of capital projects, and recurring climate shocks. The report emphasizes that this combination necessitates immediate structural corrections to preserve fiscal sustainability.

    Statistical evidence reveals a dramatic shift in budget allocation patterns. Wages and salaries now claim 56% of tax collections—a sharp increase from just over 36% in FY2021/22. During the review period, compensation reached $381.2 billion, exceeding projections by approximately 2%. Meanwhile, capital expenditure plummeted to 37.2% below original estimates, creating a dangerous imbalance between recurrent spending and productivity-enhancing investments.

    The timing mismatch between wage negotiations and budget cycles continues to exacerbate fiscal uncertainty. Despite a contingency allocation of $42.8 billion for wage settlements in the 2026/27 fiscal plan, the Commission questions whether this adequately covers ongoing negotiations. Potential shortfalls could force the government toward increased borrowing or disruptive budgetary adjustments.

    The report concludes with urgent recommendations for structural reform: aligning wage discussions with budget cycles, tethering compensation growth to economic performance, and implementing stronger fiscal rules. These measures aim to balance necessary public sector compensation with the critical investments required for Jamaica’s sustainable development.

  • ‘Any time I want it to end, it will end’, Trump says on Iran war

    ‘Any time I want it to end, it will end’, Trump says on Iran war

    WASHINGTON — In a recent interview with Axios, U.S. President Donald Trump suggested that the military engagement with Iran could conclude imminently, stating that there is “practically nothing left to target” and emphasizing that the conflict would end “soon.” Trump asserted unilateral control over the timeline, remarking, “Any time I want it to end, it will end.”

    The war, which commenced on February 28, has been characterized by ambiguous strategic objectives and fluctuating rhetoric from the White House. Mounting political pressure and accusations of inadequate preparedness have placed the administration under scrutiny, particularly as Iran’s disruptive actions in the Strait of Hormuz trigger global oil price surges.

    On Wednesday, Iranian forces attacked two commercial vessels in the Gulf, igniting at least one ship. In response, Trump assured rapid restoration of safety in the region while en route to an economy-focused event. He claimed that U.S. forces had incapacitated most of Iran’s mine-laying capabilities in a single night, though he noted no evidence of actual mine deployment.

    Trump further declared that Iran’s military infrastructure—including its navy, air force, and air defenses—had been largely neutralized, and its leadership significantly degraded. However, he cautioned, “we’re not finished yet.”

    The administration’s stated war aims include preventing nuclear weapon development and dismantling Iran’s ballistic missile program. While regime change has not been explicitly declared, the killing of former Supreme Leader Ali Khamenei has fueled speculation. Trump declined to comment on whether victory would be proclaimed while Mojtaba Khamenei, his successor, remains in power.

    Earlier on Wednesday, U.S. Central Command warned that Iranian civilian ports in the Strait of Hormuz could be treated as legitimate military targets, alleging their use for hostile operations. This comes amid reports of a U.S. missile striking an Iranian elementary school due to a targeting error—an incident Trump claimed no knowledge of when questioned.

    As November midterm elections approach, analysts suggest Trump may seek a swift resolution to mitigate political fallout. Nonetheless, Israeli Defense Minister Israel Katz affirmed that operations would continue indefinitely until all objectives are met. Iran’s Revolutionary Guards reiterated their readiness to retaliate, underscoring the persistent volatility in the region.

  • Lawyers’ ‘conflicting commitments’ pause Klansman trial

    Lawyers’ ‘conflicting commitments’ pause Klansman trial

    The high-profile Klansman Gang trial faced a significant procedural delay on Wednesday as conflicting commitments within the defense team representing accused Shawn Pottinger necessitated a two-day adjournment. Justice Dale Palmer ordered the recess to enable a newly constituted legal team to adequately prepare for Pottinger’s defense, emphasizing the court’s commitment to ensuring fair representation.

    Originally represented by attorneys Donovan Collins and Aston Spencer since February, Pottinger had effectively been represented solely by attorney Petreta Gabbidon throughout most proceedings. The court learned Monday that Collins and Spencer sought to withdraw due to overlapping commitments with another murder trial in St. James parish, prompting the judge to halt proceedings rather than risk inadequate representation.

    During Wednesday’s session, Spencer explained to the court that their prior murder case—which predated the gang trial—had experienced multiple delays, including allegations that their client suffered injuries while in police custody. Both Spencer and Collins (appearing via Zoom) offered apologies to Justice Palmer for their absence, acknowledging the logistical challenges that prevented their consistent participation.

    Justice Palmer granted the attorneys’ withdrawal request while underscoring the necessity of the adjournment: ‘While none of the witnesses so far directly dealt with counts specifically relating to Mr. Pottinger, all evidence can potentially affect everyone.’ The judge noted that despite Pottinger’s willingness to proceed without delay, the court prioritized ensuring his new counsel—Gabbidon and Lynden Wellesley—receive comprehensive case briefs and adequate preparation time.

    Two prosecution witnesses scheduled to testify Wednesday were bound over to appear Monday when the trial resumes. Pottinger faces charges including criminal organization membership (count two) and multiple counts of murder and aggravated robbery (counts 30-31) alongside 24 co-accused.

  • Banking reset

    Banking reset

    The Jamaican government is implementing sweeping financial reforms aimed at addressing longstanding consumer frustrations with banking paperwork, opaque fee structures, and cumbersome account switching procedures. Finance Minister Fayval Williams announced these measures during her opening of the 2026/27 Budget Debate in the House of Representatives, highlighting how these initiatives will transform the country’s financial landscape.

    The comprehensive package includes two flagship digital solutions: a banking cost comparison platform and a national electronic Know Your Customer (eKYC) system. The comparison tool, scheduled for launch this year, will empower consumers to evaluate banking charges across different institutions through an intuitive online interface. This transparency initiative has already received development approval, with focus group testing and marketing campaigns planned prior to its official rollout.

    Simultaneously, the Bank of Jamaica is developing a centralized digital identity verification platform that will streamline account opening procedures. This eKYC system will serve as a secure gateway for identity verification and customer due diligence, eliminating repetitive paperwork and standardizing onboarding processes across financial institutions. The project has reached approximately 50% completion, with vendor selection and implementation planning currently underway, maintaining alignment with its targeted 2027 launch timeline.

    Minister Williams emphasized that these reforms extend beyond consumer benefits to strengthen Jamaica’s entire financial ecosystem. The increased transparency is expected to foster more competitive deposit pricing, reduce funding costs for financial institutions, and improve monetary policy transmission. For the government, these changes will support more accurate pricing and greater participation in domestic debt instruments, ultimately lowering borrowing costs for public and private sectors alike.

    The minister positioned these initiatives within Jamaica’s broader strategy to modernize financial infrastructure through digital integration. She noted that digitized systems would enhance market accessibility, strengthen investor confidence, improve efficiency, and reduce operational risks across the financial sector. These developments represent a significant step toward creating a more inclusive, competitive, and transparent banking environment for all Jamaicans.

  • FID warns of strict action for breaches of pecuniary penalty orders

    FID warns of strict action for breaches of pecuniary penalty orders

    Jamaica’s Financial Investigations Division (FID) has issued a stern warning regarding strict enforcement measures against individuals failing to meet court-mandated pecuniary penalty orders (PPOs) under the Proceeds of Crime Act (POCA). This declaration follows recent criminal charges filed against two individuals for non-compliance with financial penalty requirements.

    The enforcement actions target Jason Kameka and Orville Barriffe, both charged with violating previously imposed PPOs. The Jamaica Constabulary Force’s Specialised Investigation Branch, particularly its Constabulary Financial Unit, conducted the operational investigations leading to these charges. The branch had previously investigated the predicate offenses that resulted in the initial PPOs—fraud charges in Kameka’s case and narcotics offenses in Barriffe’s case.

    Kameka, currently detained on unrelated matters, faces a court appearance scheduled for March 13, 2026, regarding his PPO violation. His original conviction in the Kingston and St Andrew Parish Court included conspiracy to defraud, aiding cybercrimes, and obtaining money under false pretenses. Despite a 2020 court order requiring payment of J$18.1 million, investigations revealed complete non-compliance with the financial penalty.

    Barriffe, granted bail, is scheduled for court appearance on April 7, 2026. His conviction for cocaine possession and trafficking resulted in a consent order requiring J$6 million payment through structured installments. While partial payments were made, the majority remains outstanding with no evidence of appeal or payment extension requests.

    The legal framework under POCA establishes serious consequences for non-compliance. Section 12(6) categorizes payment failure as a criminal offense punishable by up to five years’ imprisonment. Section 13 mandates automatic interest accrual on outstanding amounts at six percent annually until full payment is completed.

    Current statistics reveal significant enforcement challenges: as of September 30, 2025, courts have issued PPOs totaling over J$114 million against 17 individuals. Only three are fully compliant with payment schedules, while twelve are delinquent with at least one month in arrears. Two cases remain under appellate review.

    FID’s enforcement protocol involves formal written notifications upon initial payment default, followed by criminal charges if non-compliance persists. Principal Director of Financial Crimes Investigations Keith Darien emphasized that “pecuniary penalty orders are binding court requirements that must be treated as such,” noting that the agency will “pursue the matter fully and without hesitation” when violations occur.

    Senior Director of Legal Services Courtney Smith reinforced that PPO compliance is essential for depriving criminals of illicit gains, stating that “the Proceeds of Crime Act is intended to ensure that crime does not pay.” The FID reminded defendants that legitimate payment difficulties require formal court relief applications rather than ignored deadlines and unresponsive behavior.

  • Scotia Investments says it leads Jamaica’s collective investment schemes market

    Scotia Investments says it leads Jamaica’s collective investment schemes market

    KINGSTON, Jamaica — Scotia Jamaica Investments Limited (SIJL) has emerged as the undisputed market leader within Jamaica’s collective investment schemes (CIS) industry, cementing its position following a sustained period of robust expansion in assets under management. Financial data reveals the firm now commands a formidable 32.8 percent market share as of December 2025, marking a significant surge from its 24.6 percent standing recorded in 2020. This translates to an impressive growth of over eight percentage points across the five-year timeframe, underscoring a remarkable upward trajectory. Marie Lyn James, Head of Investment Management for the Caribbean and Central America, attributed this market dominance to unwavering investor confidence in the company’s diverse portfolio offerings. She expressed considerable enthusiasm about the achievement, stating it serves as a powerful endorsement of the firm’s commitment to crafting tailored investment solutions that enable clients to nurture and expand their portfolios consistently, even amidst fluctuating market conditions. James further noted that escalating investor engagement with SIJL’s products signifies a growing perception of the company as a trusted, long-term financial ally. Operating as a subsidiary of Scotia Group Jamaica, SIJL delivers comprehensive investment advisory and wealth management services to both individual and institutional clients. The corporation credits its sophisticated portfolio management and personalized client advisory services as pivotal drivers behind its ascendance in the CIS segment. Adding to its accolades, the firm was honored with the prestigious Best Pension Fund Manager in Jamaica and the Caribbean award by World Finance in 2025, recognizing its exemplary performance in managing retirement assets throughout the region. Under the leadership of Chief Executive Officer Sabrina Cooper, SIJL has pioneered the introduction of an innovative ‘Total Wealth Approach.’ This globally-informed wealth management framework empowers the company’s wealth advisers to transcend conventional investment paradigms, facilitating a holistic assessment of a client’s financial aspirations. This comprehensive strategy encompasses critical areas such as retirement planning, estate considerations, liquidity requirements, and the intricacies of generational wealth transfer. Collective investment schemes, which aggregate capital from numerous investors to deploy across diversified portfolios including equities, bonds, and other securities, form the cornerstone of this rapidly expanding sector.