Morgan’s Harbour Hotel now has a new owner, a Malta-based company that took possession last month following a court ruling ordering the former operator to vacate the property. The sale price to Grand Hotel Excelsior Limited has not been disclosed...
The Bank of Jamaica, BOJ, says one of the factors that could cause inflation to breach its targeted range of 4 to 6 per cent for inflation over the next two years is depreciation of the currency. But that does not appear to be a danger for...
Jamaica's positive economic developments, including what the Statistical Institute of Jamaica said is a decrease in unemployment, are believed to have contributed to a boost in consumer spending over the past weeks as at least one major business has...
Most of the US$68 million the Inter-American Development Bank has approved for Jamaica's controversial National Identification System (NIDS) will go towards upgrading the information and communication technology infrastructure across government....
Insurance company Guardian Life Limited and its former vice-president and actuary, Catherine Allen, are locked in a legal battle in a claim she filed for wrongful dismissal.The case also involves Guardian's decision to tap $1.25 billion of its...
Cable & Wireless Jamaica, C&WJ, is appealing the decision of the Supreme Court on a preliminary point of law that there is nothing precluding a Jamaican court from granting permission for the hearing of a claim outside of the country...
J. Wray & Nephew Limited, JWN, wants to outsource the recycling of the millions of glass bottles used to distribute its rums and other alcoholic spirits locally...
Finance and the Public Service Minister Dr. Nigel Clarke yesterday tabled the Bank of Jamaica (Amendment) Act 2018, which seeks to modernise the central bank in keeping with international best practices. The Bill seeks to improve the governance of...
The capital markets unit of Sagicor Investments Jamaica Limited has raised and disbursed more than $1 billion in a bond offering it began in the third quarter of this year, the proceeds of which will be available to businesses for working capital,...
A Supreme Court judge averted the shutdown of sportswear manufacturer, Wynlee Trading Company Limited, when it ordered the return of sewing machines and other seized equipment to the company.The machines were seized to recover a debt purportedly...
The majority of foreign exchange transactions done on a daily does not include cash and the Bank of Jamaica, BOJ, has been making a point of informing the public about it.Senior Deputy Governor John...
The mining and quarrying industry, which grew by 30 per cent, contributed the lion's share to the estimated 1.8 per cent expansion in the Jamaican economy for the April to June 2018 quarter, according to the...
More than two years after the official opening of the North-South Highway, and a decade since the Government compulsorily acquired land at Moneague, St Ann as part of the project, businessman Magnus Mullings is still engaged in a struggle to get...
Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and...
Bank of Jamaica is for the use of forward contracts to lock in the price of hard currency today for future delivery, saying it gives certainty to businesses that have future foreign exchange obligations to fulfil.That certainty is now...
Foreign direct investment, FDI, flows to Jamaica fell for the second consecutive year in 2017 to US$649 million. The flows were 17.8 per cent lower than the US$790 million recorded in 2016, according to a newly released report from...
The role played by the Economic Programme Oversight Committee (EPOC) in communicating with the people on the importance of fiscal discipline and meeting targets set by the International Monetary Fund needs to be maintained under the Jamaica...
Desnoes & Geddes Limited, which trades as Red Stripe Jamaica, has settled a lawsuit with an octogenarian farmer who sued the company for negligence on allegations he became ill after consuming a bottle of Red Stripe beer...
The widow of a D&G heir has been cleared to sell most of her holdings in iconic drinks company Desnoes & Geddes Limited sought by Heineken Sweden, part of which a law firm had attempted to claim as payment for outstanding legal fees...
The Court of Appeal has overturned a high court ruling that would have allowed the common-law spouse of a policeman who passed away nearly a decade ago to collect a widow's pension from the Government.Winsome Bennett had a relationship with...
A second effort by the Gorstew Limited for the Privy Council to grant permission for an appeal against the acquittal of three former ATL executives in a fraud case adjudicated more than three years ago has been blocked by the London-based panel,...
The Industrial Disputes Tribunal (IDT) has awarded a total of $17 million to be shared by two former employees, who it ruled were both unjustifiably dismissed by the All-Island Jamaica Cane Farmers Association (AIJCFA) about 18 months ago.The three...
There will be no disruption to the trade arrangements between Jamaica and other members of CARIFORUM as a result of the impending separation of Britain from the European Union, High Commissioner to Jamaica Asif Ahmad has assured. But Ahmad said his...
The Supreme Court has granted summary judgment to Medical Associates Limited in a claim brought by its management company to recover more than 400,000 shares that were tended to secure a loan to finance further developments at the Medical Associates...
