Category: Business

Primary Surplus Target under IMF Agreement Lowered to 6.5%

The government in agreement with the International Monetary Fund, IMF, has reduced the Primary Surplus target from 7 percent to 6.5 percent. Finance Minister, Dr. Nigel...

Shaw Lauds Local Cannabis Company for Multi-Million Dollar Investment

Industry Minister Audley Shaw is lauding Jamaican-owned Cannabis company, Jacana, for making a multi-million dollar investment in the industry and being the first local...

Finance Minister Tables Bill to Improve Micro-Financing

A bill to improve access to financing and increase regulation of the micro-financing sector has been approved in the House of Representatives. The bill was tabled and...

BOJ Scouting New Executive Director of Financial Markets

The Bank of Jamaica is advertising for a new position of Executive Director of Financial Markets. They’ve also promoted two new Deputy Governors, following the...

Experts Optimistic About BOJ Move to Slash Rates

Financial Analyst, Dennis Chung says the move by the Bank of Jamaica, BOJ, to lower its interest rates should create greater demand and lending in the economy. The...

PIOJ Eyes Logistics Hub Investments to Boost Growth

The Planning Institute of Jamaica (PIOJ) is expecting major investments from the logistics hub to boost economic growth to the range of two to three percent over the...

BOJ Slashes Interest Rates

The Bank of Jamaica is once again cutting its policy interest rate in order to bring inflation back in line with its target. They’re sending a signal to commercial...

January Inflation Down 0.2%

Inflation declined by 0.2 per cent for January 2019, according to figures contained in the Consumer Price Index released today by the Statistical Institute of Jamaica,...

Stanley Motta Reports 273% Increase in Revenue

Stanley Motta is reporting revenue of nearly $270-million for the year ended December 31, 2018. This represents a 273-percent increase in revenues when compared to the...

Financial Experts Weigh in on JMD Movements

Executive Director of the Economic Growth Council (EGC) Senator Aubyn Hill, is calling on local companies to better communicate their need for foreign exchange to the...