NCB Repo Auction Shows Jamaicans Are Feeling the Debt Squeeze
NCB is auctioning 110 repossessed vehicles valued at more than $437 million. That is not just a car sale. It is a warning sign. The vehicles range from a 2016 Nissan AD wagon listed at $500,000 to a 2022 Porsche Cayenne listed at $18.4 million. The list also includes several newer 2024 vehicles, which suggests […]
Jamaica Government Takes Another $57B From NHT as Housing Crisis Deepens
The Jamaican Government has voted to take another $57 billion from the National Housing Trust over the next five years, transferring $11.4 billion each year into the Government’s main budget account. The Government says this money is needed to help fund national spending. Finance Minister Fayval Williams argued that without the NHT transfer, the Government […]