Category: Business

Lending Rates to Trend Down

Lending rates at the island’s commercial banks will likely be heading down as early as tomorrow. This as the Bank of Jamaica, BOJ, today reduced the interest rate...

Holness Calls for Secondary Mortgage Market

Opposition Leader Andrew Holness is calling for the introduction of a secondary mortgage market to help drive down the cost of housing. Mr. Holness made the argument on...

Byles Withdraws Challenge to Private Sector

Co-chairman of the Economic Programme Oversight Committee, EPOC, Richard Byles, is withdrawing his call for the private sector to match the USD$500-million sitting in...

‘Time for Growth Measures Under IMF Programme’

Co-chairman of the Economic Programme Oversight Committee, EPOC, Richard Byles, says the government now has a mandate to lobby the IMF review team to see how it can...

Banks Lending Less – Williams

Banks are lending less than half as much as they did last year! That’s according to the Opposition’s Deputy Spokesperson on Finance, Fayval Williams....

Gas Prices Down

Petrol prices are set to decrease at the pumps this week. Petrojam says the price of 87 and 90 octane gasoline has decreased by $2.91. The price of Automotive Diesel is...

‘IDB Loan Will Stimulate Economic Growth’ – Chung

Chief Executive Officer of the Private Sector Organization of Jamaica, Dennis Chung, says the Government is now ideally placed to stimulate the economy following the...

Digicel Making Massive Profits

Digicel made an operating profit of USD$707-million, on the back of revenue amounting to USD$2.8-billion, in the 12 months to the end of March. That’s according to...

Big Benefits from Buyback – Byles

The co-Chairman of the Economic Programme Oversight Committee, Richard Byles says there are numerous benefits to be derived from the buyback of the country’s...

Debt-buyback Could Bring Changes to IMF Deal – Byles

Co-Chairman of the Economic Programme Oversight Committee, Richard Byles, says the Petrocaribe debt buyback could result in significant changes to Jamaica’s...