Category: Business

Barbados Aiming for 6% GDP Growth

Barbadian Small Business Development Minister Donville Inniss has called for the island to aim for a six percent economic growth per annum, with more opportunities made...

Look to Non-Traditional Markets amid Correspondent Banking Crisis

Local banks are being urged to draw the attention of non-traditional markets as the country awaits the settlement of the corresponding banks issue. The call by JMMB...

Jamaica Losing from Hedging Oil Prices

The government is likely to lose more than USD$20-million that it bet on oil prices last year. The government had hedged the money, in an attempt to lock in oil prices...

Jamaican Teas Leaving Real Estate

Local Tea producing company Jamaican Teas will soon leave the real estate market. Speaking at yesterday’s Jamaica Stock Exchange 11th Regional Investor Conference,...

Petrol 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 $2.17 per litre. The price of Automotive...

JEA Pledges Support for Exporters

The Jamaica Exporters Association, JEA has pledged to be a strong voice for the exporting community by advocating for regulatory and policy changes. Addressing...

JMMB Raises $6.9bn from Preference Share Offer

JMMB Group has reported that it raised approximately $6.9-billion from its Preference Share Offer which was closed last Thursday. Head of JMMB’s Corporate...

Crisis Looming Over Correspondent Banks

Caribbean Governments are being called upon to move swiftly to avert what observers say is an emerging banking crisis. This as international banks are reportedly...

WTO Boss Satisfied with Jamaica’s Trade Focus

Director-General of the World Trade Organization (WTO), Roberto Carvalho de Azevêdo, has expressed satisfaction in Jamaica’s current focus on improving trade...

World’s Rich Getting Richer

A report calculating the level of wealth across the world has predicted that come this time next year, the world’s richest 1-percent could have more wealth than the...