Category: Business

Unemployment at its Lowest in a Decade

Unemployment in Jamaica has fallen to its lowest level in ten years. That’s the word from the Statistical Institute of Jamaica, STATIN. STATIN also says youth...

JMB Significantly Reducing Non-Performing Loan Portfolio

The Jamaica Mortgage Bank (JMB) is working to reduce its stock of non-performing loans which made up between 68 and 28-percent of its total portfolio between 2010 and...

Growth in Tea Exports Surpass Planned Levels

Jamaican Teas Limited, the manufacturer of the Tetley and Caribbean Dreams branded teas, is reporting that tea exports have continued to grow since the financial year...

Salada Foods Registers 14% Increase in Revenues

Chairman of Salada Foods, Patrick Williams is describing the 2017 fiscal year as a relatively good one for the company. This, as they achieved several key strategic and...

Is Jamaica Lacking the Right Mindset For Growth?

Executive Director of the Economic Growth Council, EGC, Senator Aubyn Hill, is calling on all Jamaicans to adopt a mindset that inspires economic growth. He says the...

Stock Exchange Records 50% Market Capitalization

Managing Director of the Jamaica Stock Exchange, Marlene Street Forrest, says 2017 was a good year for the local stock market. She says market capitalization increased...

138 Student Living Bemoans Sub-par 2017 Performance

Chairman of 138 Student Living Jamaica, John Lee has described the company’s 2017 performance as below par. This, although profit before taxation increased to...

Govt Seeking to Create 50,000 New BPO Jobs

Finance Minister, Audley Shaw, says the Government is targeting the creation 50,000 Business Process Outsourcing BPO jobs in the short-run Speaking at Mayberry...

Persistent Rain Likely to Further Impact Growth Push

Director General of the Planning Institute of Jamaica, PIOJ, Dr. Wayne Henry, says the country’s growth rate may be impacted by the continued heavy rains affecting...

29,000 Persons Added to the Workforce in 2017

Tourism Minister Edmund Bartlett says the country has seen an additional 29,000 persons employed last year. The Minister says, of this figure, eleven thousand is from...