Category: Business

NCB Records $5.4B in Profits Last Year – 3% Decline in Year to Year Comparison

National Commercial Bank (NCB), recorded a net profit of 5-point-4 billion dollars for the first six months of its current financial year which ends in September. This...

Business Confidence Up – Mahfood

President of the Private Sector Organisation of Jamaica, PSOJ, William Mahfood, says he’s personally observed that business confidence is growing steadily, and...

Gas Prices At 5-months High

The prices at the pumps will rise to their highest level in five months this morning… Petrojam is increasing the prices for 87 and 90 Octane by 1-dollar and...

Jamaica’s Food Import Bill Declined by $43-million Last Year – Kellier

Preliminary data from the Statistical Institute of Jamaica, STATIN, shows that the country’s food import bill declined by more than 43-million US dollars for the 2014...

Local Business Confidence At Highest Level Since 2007, Survey Finds

Business Confidence rose to the second highest level on record during the first quarter of the year. There was also an improvement in Consumer Confidence during the...

US, Jamaica to Hold Talks On Reshaping Investment and Tax arrangements

The government says it will engage in talks with the US government about reshaping existing bilateral investment and tax arrangements between both nations. Finance...

BOJ Cut Interest Rates

The Bank of Jamaica, BOJ, has slashed the interest rate on its benchmark 30-day Certificate of Deposit from 5-point-75 percent to 5-point-5 per cent. This represents a...

Gov’t To Sign MOU with Investor for Development of Logistics Hub

The German-Austrian owned Krauck Group is to invest 5-billion US dollars to implement aspects of the government’s logistics hub initiative. That’s an...

Ja Missed Its Primary Surplus Target for the First Time Since IMF Programme

Jamaica missed its Primary Surplus target for the first time since entering the current IMF programme. That’s according to Co-Chairman of the Economic Programme...

Phillips Wants G20 to Help Caribbean Countries Overcome 2008 Recession

Finance Minister Dr. Peter Phillips, has once again urged the powerful G20 group of countries to make good on its promise to assist the Caribbean region to mitigate the...