Category: Business

JMMB Group Records $4 Billion Net Profit

Regional financial entity, JMMB Group, recorded a net profit of J$4 billion, for the nine-month period ending December 31, 2019, a 33% increase, year-over-year. ...

Debt Servicing In 2020/21 Budget In The Right Direction – Scotia Group Executive

Head of Insurance & Wealth Management at Scotia Group Jamaica, Dr Adrian Stokes, says debt servicing in the 2020/2021 budget appears to be going in the right...

Scotia Group CEO Admits Need For More Transparency With Fees

President and CEO of Scotia Group Jamaica Limited, David Noel, is admitting that his bank needs to be more transparent with its fees. Noel’s comments follow an...

Gov’t Exploring Options To Revive Clarendon Sugar – Holness

Prime Minister Andrew Holness says his administration is exploring ways to replace the dying sugar industry in Clarendon. He says the business process outsourcing, BPO,...

Holness-admin Plans $853B Spend For Fiscal Year 2020/21

The Andrew Holness administration is planning to spend almost $853 billion in the upcoming fiscal year. That’s according to the Estimates of Expenditure tabled in...

Gov’t On Track To Meet All Fiscal Targets Except Inflation – EPOC

The Economic Programme Oversight Committee, EPOC, says the government remains on track to meet all the targets of its Economic Review Programme for December 2019, except...

TransJamaican Highway, Jamaica’s Largest IPO Set To Hit The Road On February 17

Details of the Initial Public Offer, IPO, for TransJamaican Highway are now out, it’s the most anticipated IPO since the government’s sale of Wigton Windfarm to the...

Jamaica Set To Usher In Long-anticipated Tourism Workers Pension Scheme

The long-anticipated Tourism Workers Pension Scheme, TWPS, is one step closer to reality. According to Tourism Minister, Edmund Bartlett, the law which was passed in the...

Jamaica Goal To Reduce Debt To GDP To 60% By 2025 Achievable – Fitch Director

Senior Director at the global credit rating agency, Fitch, Charles Seville says Jamaica’s goal to reduce debt to GDP to 60-per cent by 2025, is still achievable....

75% Of Working Men Have No Formal Qualifications Compared To 55% Of Women – STATIN

The Statistical Institute of Jamaica, STATIN, is reporting that about 460,800 or 75 percent of men in the country’s employed labour force have no formal...