Category: Business

FCJ to Add 1.5-million sq ft of Office Space

The Factories Corporation of Jamaica, FCJ, has announced plans to establish an additional 1.5-million square feet of office space providing more than 30,000 new jobs....

ANSA Coatings Fails in Move to Take Berger Paints Private

ANSA Coatings International Limited has failed in its attempt to secure a significant portion of the minority shareholding in Berger Paints Jamaica Limited (BRG), that...

Supreme Ventures Braces for ‘Hostile Takeover’ from Mayberry Investments

Mayberry Investments has scheduled a press conference for today, where it is expected to illuminate its plan to oust seven members of the Supreme Ventures board. The...

Beet Armyworm Could Drive Up Pre-Christmas Agro Prices

President of the Jamaica Agricultural Society, JAS, Norman Grant, is warning there could be a ‘scarcity’ of some crops and an ‘escalation’ in...

More Signs Foreign Account Earnings Adequate

Bank of Jamaica Governor, Brian Wynter, says there’re further signs the country’s foreign account earnings remain adequate. He says for the last two fiscal...

‘BPO Sector set to Boom in the Next 4yrs’ – Shaw

Finance Minister, Audley Shaw, says employment in the Business Process Outsourcing (BPO) sector could move from 20,000 to 100,000 in the next four years. He says...

Strong Support for Phasing Out of Small Coins

The Bank of Jamaica (BOJ) says it’s decision to demonetize the one, 10 and 25 cent coins is being strongly supported by several business leaders. In a statement over...

Finance Ministry Delegation Heads to Washington for IMF Meetings

Finance Minister, Audley Shaw, and a delegation from his Ministry are now in the US capital Washington, DC to attend the annual meetings of the IMF and the World Bank....

Respected Financial Analyst, Sushil Jain, has Died

The Jamaican business and financial community is deeply saddened by the sudden passing of business stalwart Sushil Jain. Mr. Jain, who has been described by his peers...

IMF Raises 2017 Global Growth Forecast to 3.6%

The International Monetary Fund, IMF, this week raised its forecast for global growth to 3-point-6 percent this year and 3.7-percent in 2018. It’s citing stronger...