Category: Business

Shaw Orders Review of Economic Growth Calculation Methods

Finance Minister Audley Shaw says he’s ordered a review of how the country measures economic growth. He’s given the directive because he believes the...

NCB Raises ATM Withdrawal Limit

Customers of National Commercial Bank, NCB, can now withdraw up to $100,000 from the company’s Automated Banking Machines, ABMs. NCB announced on its Twitter page...

Jackson says NCB Doing “Right Thing” by Backtracking on Bank Fees

Member of Parliament for South St. Catherine, Fitz Jackson, says NCB is doing the right thing by reversing its decision to increase fees for certain transactions....

Improved FX Rate Boosts Reserves

Co-Chair of the Economic Programme Oversight Committee, Keith Duncan, says an increase in the nation’s foreign exchange rate has pushed up the country’s...

NCB Introduces Three New Fees; Doubling Another

National Commercial Bank, NCB, is introducing three new banking fees and doubling one of their existing fees. The announcement comes only two weeks after the government...

Technology Minister Bullish about Bauxite & Alumina Sector Outlook

Technology Minister, Dr. Andrew Wheatley, says due to developments in the bauxite and alumina sector, he is of the opinion the country has a bright and prosperous future...

Debt Servicing Falls Below 40%

Finance Minister, Audley Shaw, says for the first time in a long while the Government will be spending under 40-percent of the budget on debt servicing. Mr. Shaw says...

IDB Expert Proposes Funding Pension Schemes through Consumption Taxes

Vice President for Sector and Knowledge at the IDB, Dr. Santiago Levy has a bold suggestion to plug gaps in pension coverage for Jamaicans. He’s proposing pension...

BOJ Improving Transparency in Announcement of Policy

BOJ Governor Brian Wynter says the Central Bank is being more transparent in how it announces policy decisions. They’ve published a schedule of these...

Seprod Reports 38% Bump in 2017 Net Profits

The Seprod Group is reporting that a one-off investment gain of $360-million recorded in 2016, caused them to record a 19 percent or $165-million reduction in net...