Category: Business

Benefits of Reducing the FX Surrender Requirement

Banker, Peter Higgins, says he expects up to USD$50-million more will be available for sale on the local market, as result of yesterday’s move by the Bank of...

Mixed Reactions to BOJ’s ForEx Interventions

President of the Private Sector Organization of Jamaica (PSOJ) Dennis Chung, is criticizing the Bank of Jamaica’s recent interventions in the foreign exchange...

PSOJ CEO Welcomes News of Reduced FX Surrender Value

CEO of the Private Sector Organization of Jamaica (PSOJ) Dennis Chung, is welcoming the news that the Surrender Value of Foreign Exchange will be reduced. Mr. Chung says...

Self-Financing Public Bodies Record Big Surplus

The Finance Ministry is reporting that self-financing Public Bodies recorded an overall balance surplus of just under $4-billion for the first three months of the...

FCJ to Add 1.5-million sq ft of Office Space

The Factories Corporation of Jamaica, FCJ, has announced plans to establish an additional 1.5-million square feet of office space providing more than 30,000 new jobs....

ANSA Coatings Fails in Move to Take Berger Paints Private

ANSA Coatings International Limited has failed in its attempt to secure a significant portion of the minority shareholding in Berger Paints Jamaica Limited (BRG), that...

Supreme Ventures Braces for ‘Hostile Takeover’ from Mayberry Investments

Mayberry Investments has scheduled a press conference for today, where it is expected to illuminate its plan to oust seven members of the Supreme Ventures board. The...

Beet Armyworm Could Drive Up Pre-Christmas Agro Prices

President of the Jamaica Agricultural Society, JAS, Norman Grant, is warning there could be a ‘scarcity’ of some crops and an ‘escalation’ in...

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...