Category: Business

Consumer Price Index Up O.5% in May

The Statistical Institute of Jamaica (STATIN) says the Consumer Price Index increased by 0.5% for May. STATIN attributes the movement to higher prices for vegetables and...

Tribunal to Decide $1Bn JPS Refund

The Electricity Appeal Tribunal will decide in September whether the Jamaica Public Service Company, JPS, should refund its customers almost $1-billion. In February, the...

NIR Up $9-mil

The Bank of Jamaica says the country’s Net International Reserves increased at the end of May this year, when compared to the figure at the end of April. At the...

FSC Urges Investors Not to Do Business with International Financial Services Limited

The Financial Services Commission, FSC, is warning investors not to engage in solicitation offers from the International Financial Services Limited or IFS. This, as the...

STUDY: Ja have the highest airport fees and taxes in the Caribbean

Jamaica’s airport taxes and fees are the highest in the region. That’s according to a new study entitled, ‘Making Air Transport Work Better For The...

Krauck Systems Confident of $US5-Billion Investment Prospect

German-Austrian company, Krauck Systems says it remains confident that its proposed 5-billion US dollar investment in Jamaica’s logistics hub will be successful....

Standard & Poor’s Upgrades Ja’s Credit Rating from B- to B

Jamaica’s credit rating has been raised for the second time in a week. Credit ratings agency Standard-and-Poor’s has lifted Jamaica’s sovereign rating from...

Mayberry Investments Gets More Shares in LASCO Financial Services

Mayberry Investments Limited has increased its stake in LASCO Financial Services Limited to 20-percent. The announcement was made by LASCO’s Chairman, Lascelles...

Slash Gas by 20% – Montague

Opposition Spokesman on Energy and Mining Robert Montague is calling on the government to rollback gas supplied by Petrojam by at least 20-percent to bring it inline...

February Remittances Down

The Bank of Jamaica says net remittances for February this year came in at USD $147-million, a 3% decline when compared to February last year. Gross remittance inflows...