Category: Business

Jamaica Bauxite Institute to Get $223m Boost from Capital Development Fund

The Jamaica Bauxite Institute (JBI) is to receive $223-million for budgetary support from the Capital Development Fund (CDF) this financial year. The House of...

Salada Pumping $200m into Coffee Industry

Local manufacturer of instant coffee products, Salada Foods, is coming to the rescue of Jamaica’s coffee farmers. Salada revealed today that it will be investing...

9,000 New Taxpayers Registered

Tax Administration Jamaica (TAJ) says it’s registered 9,000 new taxpayers so far this financial year. Deputy Commissioner General in charge of Strategic Services...

Record Low Unemployment but Not Record Economic Growth

Jamaica’s record low unemployment isn’t translating into higher economic growth, because of the types of jobs being created. That’s according to the...

Departure of Russian Oligarch Spells Good News for Windalco

There’s good news for the Jamaican bauxite alumina company, Windalco. The Russian oligarch, Oleg Deripaska, has stepped down as head of its parent company UC...

JSE to Launch Social Stock Exchange in January

On January 22, the Jamaica Stock Exchange will launch its newest initiative – the Jamaica Social Stock Exchange, JSSE. It’s a way to raise funds for social...

Tax Revenues Almost $2bn Ahead of Target

The Jamaica Customs Agency, JCA, says tax revenues are almost $2-billion ahead of target so far this fiscal year. In a statement yesterday, the JCA, says at the end of...

Unemployment at Lowest in 50yrs

Jamaica’s unemployment rate is reportedly the lowest it’s been in 50 years. Data released by the Statistical Institute of Jamaica, STATIN, yesterday, show...

Stakeholders Welcome Govt’s Plan to Rate Corporate Issuances

Financial stakeholders are reacting positively to Finance Minister Dr. Nigel Clarke’s announcement that the government plans to start a programme to independently...

Jamaica Slips in Doing Business Reports, Despite Improved Score

Jamaica has again slipped in the World Bank’s ease of doing business ranking despite achieving an improved score in the 2019 edition of the annual report released...