Category: Business

Resigns Resigns as PSOJ CEO

Chief Executive Officer of the Private Sector Organisation of Jamaica, PSOJ, Jennifer McDonald has resigned from the post. The news was confirmed by PSOJ President,...

Road Improvements Boosting Business for Mechanics & Car Parts

Popular mechanic, Everette Fenton, says mechanics and garage owners are seeing a boost in business due to the many road works going on around the country. Mr. Fenton is...

Chamber of Commerce Endorses BOJ ForEx Intervention

The Jamaica Chamber of Commerce (JCC) says it strongly supports the moves the Bank of Jamaica, BoJ, have made recently to deal with the slide in the value of the...

Proven Investments Acquires Int’l Financial Planning

Proven Investments has acquired International Financial Planning Limited in the Cayman Islands. Proven purchased 100-percent of the company’s shares for...

JMEA Hits Out Against ‘Extortionist’ Mark-Ups in FX Market

The Jamaica Manufacturers and Exporters Association, JMEA, today lashed out at banks and financial institutions for what they’re calling “extortionist”...

Coffee Farmers Frustrated by Plummeting Prices

Vice Chairman of the Wallenford and Mavis Bank Coffee Companies, Mark McIntosh, says forces in the international coffee market are dictating what it’s able to pay...

Jetcon Reports 1.7% Quarterly Growth

The Directors of Jetcon Corporation are reporting another quarter of growth in revenues, but a slight decrease in profit compared with the similar quarter last year....

Derrimon Trading Signs Debt Refinance Agreement with Sagicor Bank

Chairman and Chief Executive Officer of Derrimon Trading Company, Derrick Cotterell, is reporting that the company has signed an agreement with Sagicor Bank to refinance...

Inflation Rises to 3.2%

The Statistical Institute of Jamaica, STATIN, says higher petrol costs contributed to a rise in inflation in July. The inflation rate now stands at 3.2 percent year over...

BOJ to Inject USD$50m into FX Market

The Bank of Jamaica (BOJ) has announced it will be selling USD$50-million to the market over the next four weeks. The BOJ announced the plans in the latest schedule for...