Category: Business

Several Multi-million USD Dollar Transactions Blamed For Sliding Local Currency

Several multi-million US dollar transactions over the past year have been putting pressure on the local currency, which is now trading at a record low. Bank of Jamaica...

Marriott Int’l Brings Their First All-Inclusive Luxury Resort To Jamaica

Marriott International is readying to open its first all-inclusive luxury resort in Jamaica. They’re partnering with the Amaterra Jamaica Group, led by Keith and...

Dollar Drops To Unprecedented Low Rate, Trading At $142 to $US1

The Jamaican dollar has now passed the 142-dollars to 1 to US mark. It lost another 27 cents against the US, to open this morning selling at an average 142-dollars...

Jamaica Regains Top Spot As Financial Capital of the Caribbean – Keith Collister

Jamaica is regaining its place as the financial center of the Caribbean. That’s according to financial analyst and commentator, Keith Collister. He says the island...

PSOJ President Urges BOJ To Implement Policy Measures To Halt Sliding Dollar

The Private Sector Organisation of Jamaica, PSOJ, is again raising concerns about what it’s describing as increased volatility in the foreign exchange market. This...

OUR Instructs Flow, Digicel To Provide Customers With Service Interruption Notifications

The Office of Utilities Regulation, OUR, says it’s instructed both major telecommunications companies, Digicel and FLOW to provide customers with service...

NYSE Adorned With J’can Flag As Local Stock Exchange Rallies To #1 Globally

The New York Stock Exchange building on Wall Street was today adorned by the black, green and gold of Jamaica’s most popular emblem, the flag. This, in honour of the...

SCJ Faces Significant Financial Costs Under Relocation Plan For Informal Settlers

The Sugar Company of Jamaica Holdings Limited, SCJ, is incurring significant expenses to relocate informal settlers for fiscal year 2019/2020. This according to its...

Telecoms Providers Must Account For Frequent Disruptions In Service – Minister

Technology Minister Fayval Williams says the country’s two major telecommunications providers should explain to authorities what’s causing frequent...

China Trade Deficit With Jamaica Will Continue Growing – Experts

Former Jamaican Ambassador to the United States, Dr Richard Bernal, says the growing trade deficit between China and Jamaica is likely to continue for Jamaica. China is...