Category: Business

BOJ Monitoring Increases In Inflation

The Bank of Jamaica says it’s monitoring increases in inflation this year and is confident it will remain within projected levels despite the upward trend. In a...

$14.7 Billion More In Circulation For Festive Season – BOJ

The Bank of Jamaica, BOJ says there was an additional $14.7 billion dollars in circulation in the Jamaican economy for the week leading up to the Christmas Holidays....

BOJ Holds Policy Rate For December

The Bank of Jamaica has decided to hold its policy interest rate for the Christmas period. In a statement last week the BOJ said the rate offered on overnight balances...

Negril Chamber President Wants Gov’t To Reinvest Earnings Generated From Town Into Development

President of the Negril Chamber of Commerce, NCC, Richard Wallace is calling on the government to reinvest a portion of funds it generates into the resort town of...

ECLAC Projects 1.6% Economic Growth For Jamaica In 2020

The Jamaican economy is projected to grow by 1.6 percent next year according to the latest Preliminary Overview of the Economic Commission for Latin America and the...

Food Prices Up by Nearly 3% in November

Food prices rose by nearly 3% in November. That’s according to the latest All Jamaica Consumer Price Index, released yesterday by the Statistical Institute of...

Moody’s Updates Jamaica’s Credit Rating from B3 to B2

Moody’s Rating Agency upgraded Jamaica’s credit rating to B2 from B3, with an outlook of stable. The upgrade was announced yesterday. Moody’s says the improved...

Jamaica Needs More Innovation To Increase Productivity – Pandohie

President of the Jamaica Manufacturers and Exporters’ Association, JMEA, Richard Pandohie, says the nation needs more innovation to increase productivity. He...

PSOJ Welcomes Planned Tabling Of New NIDS Bill

The Private Sector Organization of Jamaica, PSOJ, is welcoming the announcement of the tabling of a new National Identification bill by the end of this fiscal year....

BOJ To Implement New Foreign Exchange Trading Platform in 2020

Bank of Jamaica, BOJ, Governor, Richard Byles, says plans are in place to implement a new foreign exchange trading platform in 2020. He says the platform will be tested...