Category: Business

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...

Kingston Wharves Reports 15% Increase in Revenues

The Directors of Kingston Wharves are reporting revenues of over $3-billion for the six months ending June 30. This represents a 15-percent or $450-million increase over...

Jamaica Producers Q2 Revenues Up 20%

Jamaica Producers Group increased its consolidated net profit attributable to shareholders by 67-percent for the second quarter ended June 30, compared to the same...

Petrol Prices Down Today

Effective today, motorists are expected to see a decrease at the pumps in the price of gasoline and diesel. The decrease follows a significant increase in the commodity...

Honey Bun Reports 4% Increase in Year-to-Date Sales

Honey Bun has released their Unaudited Financial Statements for the Nine Months Ended June 30. They’re reporting year to date sales for the period of $1-billion...

Finance Minister Dismisses ‘Worthless’ Simpson-Miller Oil Hedge

Finance Minister, Dr. Nigel Clarke, says the oil hedges that the Portia Simpson Miller Administration purchased in 2015 was completely “worthless”. The...

More Jamaicans Included into Formal Financial System

More Jamaicans are being included in the formal financial system. That’s the word from Chairman of the Financial Inclusion Council and Governor of the Bank of...

All Macro-Economic Targets Met, says EPOC

The Economic Programme Oversight Committee (EPOC) says all 7-government macro-fiscal structural benchmarks through the month of June have been met. It also says all...

FX Fluctuations Good for Local Economy, says Williams

Minister without Portfolio in the Finance Ministry, Fayval Williams, says the fluctuations in the foreign exchange market are good for the trust in the local economy....

JMMB Group Reports $16bn Operating Revenue

The JMMB Group is reporting in its Annual Report for the year ended March 31, an operating revenue of almost $16-billion. This is an increase of just over 8-percent over...