Category: Business

Phasing Out of Small Coins Should Have Negligible Inflationary Impact

The Bank of Jamaica (BOJ) says the decision to stop producing 1, 10, and 15 cent coins should have very little impact on inflation. This, as it says losses on one side...

Samsung Galaxy Note 8 Clocks Record Numbers

Samsung Electronics America, Inc. announced that more people in the U.S. have purchased the Galaxy Note8 than previous Samsung Note phones during the same time period....

Gas Prices Down $1.78

Gas prices are down $1.78 at the pumps today. Petrojam says this reflects a decrease in US Gulf Coast gasoline prices, as more refineries have restarted operations...

Jamaica Phasing out ‘Red Money’

Information Minister, Senator Ruel Reid, says the use of one, ten and 25-cent coins are to be phased out. Minister Reid says the so-called ‘red cents’ are to...

JMA Supports Finance Minister’s Call for Lower MSME Interest Rates

The Jamaica Manufacturers’ Association, JMA, is supporting the call of the Finance Minister, Audley Shaw, for commercial banks to lower their interest rates on loans...

Consolidated Bakeries Clocks 15% Growth in Revenue

Consolidated Bakeries experienced revenue growth of almost 15-percent last year. Managing Director at Consolidated Bakeries, Anthony Chang is crediting this to their...

FCIB Registers 12% Dip in Net Income

First Caribbean International Bank Limited is reporting a lower net income. The bank’s net income for the third quarter ended July 31 was over USD$33-million. This...

IDB in Awe of Jamaica’s Economic Progress

The Inter-American Development Bank (IDB) says they are in awe of what Jamaica has achieved since 2013 in the area of fiscal consolidation. That’s according to IDB...

Govt Missing Capital Expenditure Targets a Cause for Concern, EPOC Co-Chair

Co-Chairman of the Economic Planning Oversight Committee, EPOC, Keith Duncan, is expressing concern that the government is not fully meeting its budgeted target for...

Hurricane Harvey Drives Up Gas Prices

Gas prices have gone up due to Hurricane Harvey. Petrojam has announced that gasoline prices will go up by $3.41 per litre today. It says 87 octane will be sold for...