Category: Business

More Signs Foreign Account Earnings Adequate

Bank of Jamaica Governor, Brian Wynter, says there’re further signs the country’s foreign account earnings remain adequate. He says for the last two fiscal...

‘BPO Sector set to Boom in the Next 4yrs’ – Shaw

Finance Minister, Audley Shaw, says employment in the Business Process Outsourcing (BPO) sector could move from 20,000 to 100,000 in the next four years. He says...

Strong Support for Phasing Out of Small Coins

The Bank of Jamaica (BOJ) says it’s decision to demonetize the one, 10 and 25 cent coins is being strongly supported by several business leaders. In a statement over...

Finance Ministry Delegation Heads to Washington for IMF Meetings

Finance Minister, Audley Shaw, and a delegation from his Ministry are now in the US capital Washington, DC to attend the annual meetings of the IMF and the World Bank....

Respected Financial Analyst, Sushil Jain, has Died

The Jamaican business and financial community is deeply saddened by the sudden passing of business stalwart Sushil Jain. Mr. Jain, who has been described by his peers...

IMF Raises 2017 Global Growth Forecast to 3.6%

The International Monetary Fund, IMF, this week raised its forecast for global growth to 3-point-6 percent this year and 3.7-percent in 2018. It’s citing stronger...

IMF Ready to Help Hurricane Ravaged Caribbean Nations

The International Monetary Fund (IMF) is giving its first indication that it may have to do more to help Caribbean countries recently ravaged by hurricanes. The...

NIR Continues to Grow

The country’s Net International Reserves, NIR, continue to increase. Central Bank Governor, Bryan Wynter, provided an update during yesterday’s meeting of...

JMD Depreciation Slower Than Last Year

Central Bank Governor, Brian Wynter, says the Jamaican dollar is depreciating at a ‘significantly slower pace’ than last year. This, despite fluctuations in...

Shaw Promises Single Digit Loans for Potential Entrepreneurs

Finance Minister, Audley Shaw, is vowing to ensure more loans are available to potential business owners at single digit interest rates. Mr. Shaw says he’s...