The Jamaican Government says it's not a certainty that the compensation clause in the Highway 2000 agreement will be triggered, despite plans to upgrade a competing road that could affect business on the toll way.The clause requires Jamaica to...
Businesses and consumers are becoming increasingly impatient about the slow progress on economic policy goals and the concomitant sluggish pace of growth, even though they view the fiscal policies being pursued by the Government as the best hope for...
Jamaica is among countries in the Latin America and Caribbean region that recorded the most reforms in the last five years, continuing to make strides to improve their business climate, according to the World Bank Group's latest annual ease of doing...
The police have been asked to investigate the circumstances under which more than 400,000 shares valued at about $65 million were transferred to Medical Associates Hospital from Community Medical Services Limited, the management company for the...
The reactions of many Jamaicans to the pressure they are experiencing is not in sync with the favourable economic indicators in the country, according to co-chairman ofthe Economic Programme Oversight Committee (EPOC), Richard Byles.Economic...
All industries in the goods-producing sector as well as the services sector, except government services, expanded in the second quarter of the calendar year...
The lack of price competition in the banking sector could be hampering credit to the private sector, despite the Bank of Jamaica's (BOJ) enhanced liquidity operation since last year that has improved banks' short-term liquidity condition, according...
LIMA, Peru:The World Bank Group has pledged to increase climate change financing to US$29 billion annually, giving a boost to global efforts to help countries tackle the impacts of climate change and move towards low-carbon growth.Currently, 21 per...
LIMA, Peru:A hike in interest rates in the United States would result in a concomitant rise in global rates as well as an increase in financing costs, but economically the policy move would be positive for Jamaica and the rest of the Caribbean.That'...
LIMA, Peru:Jamaica's current economic support programme with the International Monetary (IMF) was given short shrift at the beginning, but following years of...
The costs to the Jamaican economy of failing to contain the public sector wage bill to the nine per cent of gross domestic product (GDP) targeted by the Government are likely to be high, according to the International Monetary Fund (IMF).Options to...
The International Monetary Fund (IMF) said Wednesday that Jamaica's macroeconomic fundamentals have continued to strengthen, but suggested that economic growth remained weak and unemployment needs to decrease further.Among the macroeconomic...
Jamaica can now start to think about loosening fiscal and monetary policies because the country's debt is on a downward trajectory and trending towards a sustainable level, and the net international reserves are at a comfortable point.That is...
Businessman Winston Finzi has failed in his second attempt to reverse the sale of a half-billion-dollar property taken over by JMMB Merchant Bank for outstanding debt.Finzi turned to the Court of Appeal hoping to reverse a ruling by Supreme Court...
Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles said he is as impatient as anyone else about the lack of growth and the continuing high level of employment, but noted that it requires more time to improve the economic...
Sterling Asset Management has decided to exit the Jamaican dollar retail repurchase business, saying the restructuring of the market has resulted in significant added costs to the execution of the business model.However, chief executive officer...
Richard Byles, the co-chairman of the Economic Programme Oversight Committee (EPOC), is encouraging more Jamaican businesses to get involved in the tourism industry, suggesting that it has the potential to spur economic growth.His suggestion was...
Caribbean central banks are seeking to have the International Monetary Fund (IMF) engage in discussions with foreign financial institutions with a view to avert any economic fallout from regional banks' loss of correspondent banking relationships....
FRIGATE BAY, St Kitts:Healthy public finances and the maintenance of fiscal discipline will send the right signal to potential private investors and help to renew their confidence in the Caribbean region, says the president of the Caribbean...
The Development Bank of Jamaica (DBJ) has been given the green light to accept a $50-million offer for Ocean Sands Resort in Ocho Rios, St Ann, to recover an outstanding loan.Businessman Dennis Atkinson, who was managing director of Ocean Sands at...
An economist has recommended that Caribbean tourism destinations move to expand their customer base before any opening between Cuba and the United States, to offset some of the losses that could come with the new dispensation.Economist Rafael Romeu...
Shipping group CMA CGM of France has recorded a 67 per cent increase in net profit for the second quarter ended June 2015, according to its financial results released on Monday.The group said it demonstrated the strength of its business model by...
Inflation for the 12-month period ending July fell to 3.8 per cent, the lowest in more than 43 years and more than 200 per cent less than the nine per cent rate recorded in the comparative annual period ending July 2014, according to Bank of Jamaica...
Effective Thursday, August 27, the interest rates at which the Bank of Jamaica (BOJ) provides liquidity to deposit taking institutions will be reduced by 50 basis points. BOJ governor Brian Wynter said, for example, that the rate on the standing...
