Category: Business

IronRock Insurance Registers 63% Increase in Gross Written Premiums

Iron Rock Insurance Company Limited’s gross written premium for the first half of 2018 has grown by 63-percent. Gross written premium was over $280-million...

Moody’s Upgrades Jamaica’s B3 Economic Outlook to Positive

International credit rating agency, Moody’s Investors Service, has affirmed Jamaica’s B3 credit rating and changed the country’s economic outlook from...

US Open to Removing Sanctions on UC Rusal

The United States Treasury Department has confirmed that it’s open to removing sanctions on aluminium giant, UC Rusal. This is positive news for the Jamaican...

Indies Pharma Raised Over $387m on JSE Debut

Indies Pharma raised over $387-million in its debut on the Junior Market of the Jamaica Stock Exchange, JSE. The Montego Bay-based company went to the market on...

Consumer Confidence at Highest since Q1 2012

The Consumer Confidence Index is at its highest since the first quarter of 2012. The Jamaica Chamber of Commerce, JCC, released its business and consumer confidence...

Gaston Browne Defends Antigua’s Citizenship by Investment

Prime Minister of Antigua and Barbuda, Gaston Browne, is defending his nation’s citizenship by investment program. The Citizenship by investment program requires...

Starbucks Could Spark the Revival of Jamaica’s Coffee Industry

Industry Minister, Audley Shaw says there could be a revival of the local coffee industry through a partnership with global coffeehouse giants, Starbucks. The company...

PM Holness Proposes FX Hedge Fund

Prime Minister Andrew Holness is suggesting a foreign exchange hedge fund to help businesses manage the risks associated with a fluctuating US dollar market. Over the...

Primary Surplus is Inhibiting Growth, says BOJ

Bank of Jamaica Governor, Brian Wynter, says the primary surplus is inhibiting the nation’s economic growth. The primary surplus, currently at seven per cent, is...

International Banks Now Able to do Business with PetroJam

Foreign Affairs Minister, Senator Kamina Johnson-Smith, says international banks and creditors are now able to do business with Petrojam without fear of being...