Category: Business

Sugar Cess Update

The Ministry of Agriculture says it’s hopeful of reaching an agreement with players in the manufacturing sector over the proposed cess on imported refined sugar....

Remittances Up

The Bank of Jamaica says net remittances for May this year came in at USD$173-million; a 2-percent increase over the figure in May last year. The BOJ says that in May...

Banks Battling over Small Business Market

Banks and financial institutions are competing more than ever to lend money to micro, small and medium enterprises, MSMEs. The latest credit conditions report published...

Gas Prices Down

Petrojam says the price of 87 and 90 octane gasoline has decreased by $2.02 per litre. However the price of Automotive Diesel is up by $1.12 per litre, while it will...

PetroCaribe Buyback and the PDF

The CEO of the Petrocaribe Development Fund, PDF, Dr. Wesley Hughes, is clearing the air on the status of the Fund, in the wake of the government’s debt buyback...

Bogue Conversion an Energy Game Changer – Tomblin

President and CEO of the Jamaica Public Service Company, JPS, Kelly Tomblin, says the conversion of the Bogue power plant in St. James into a Liquefied Natural Gas...

T&T Seeks Answers as FLOW is to Remove Channels

Flow is pleading for patience from its cable customers in Trinidad and Tobago, who’ve demanded answers regarding the looming removal of several channels from its...

GoJ Launches Phase 2 of National Export Strategy

The Government has launched phase two of its National Export Strategy, NES, in an effort to improve the country’s exports and overall economic performance. The...

Interest Rates to Further Decline – Phillips

Expect even further reductions in interest rates! That’s the word from Finance Minister, Dr. Peter Phillips. The Bank of Jamaica, BOJ, has cut the rate on its...

Jamaica #1 in FDI Strategies – Report

Jamaica is now ranked first in the region for strategies to attract Foreign Direct Investment, FDI. That’s according to the 2015-16 report of the Caribbean and...