Category: Business

Jamaica Phasing out ‘Red Money’

Information Minister, Senator Ruel Reid, says the use of one, ten and 25-cent coins are to be phased out. Minister Reid says the so-called ‘red cents’ are to...

JMA Supports Finance Minister’s Call for Lower MSME Interest Rates

The Jamaica Manufacturers’ Association, JMA, is supporting the call of the Finance Minister, Audley Shaw, for commercial banks to lower their interest rates on loans...

Consolidated Bakeries Clocks 15% Growth in Revenue

Consolidated Bakeries experienced revenue growth of almost 15-percent last year. Managing Director at Consolidated Bakeries, Anthony Chang is crediting this to their...

FCIB Registers 12% Dip in Net Income

First Caribbean International Bank Limited is reporting a lower net income. The bank’s net income for the third quarter ended July 31 was over USD$33-million. This...

IDB in Awe of Jamaica’s Economic Progress

The Inter-American Development Bank (IDB) says they are in awe of what Jamaica has achieved since 2013 in the area of fiscal consolidation. That’s according to IDB...

Govt Missing Capital Expenditure Targets a Cause for Concern, EPOC Co-Chair

Co-Chairman of the Economic Planning Oversight Committee, EPOC, Keith Duncan, is expressing concern that the government is not fully meeting its budgeted target for...

Hurricane Harvey Drives Up Gas Prices

Gas prices have gone up due to Hurricane Harvey. Petrojam has announced that gasoline prices will go up by $3.41 per litre today. It says 87 octane will be sold for...

Jackie Sharp Steps Down as Scotiabank CEO

President and Chief Executive Officer of Scotia Bank Jamaica Limited, Jackie Sharp, has resigned. Her resignation becomes effective October 31. In a statement this...

IDB to Make Official Visit This Week

Executive Vice President of the Inter-American Development Bank, IDB, Julie Katzman will pay an official visit to Jamaica on Wednesday . Mrs. Katzman, is responsible for...

Productive Business Solutions Makes Historic Listing on JSE

Productive Business Solutions (PBS) is the latest company to list on the Jamaica Stock Exchange, JSE. It’s the largest listing in the JSE’s history. The...