Category: Business

NIR Down

The Bank of Jamaica says the country’s Net International Reserves, NIR, stood at USD$2,444,000,000 at the end of September this year. That’s a decline of...

Barclays Dumps Jamaica

The British multinational banking and financial services company, Barclays, has confirmed that it has removed Jamaican nationals from its client roll. Barclays says it...

Latin America & Caribbean to Rise in 2016

The World Bank is reporting that economic growth for Latin America and the Caribbean is expected to remain stagnant for 2015, but is expected to rise in 2016. The...

Jamaican Economy to Grow 1.5%

The World Bank is predicting that the Jamaican economy will grow by 1.5-percent for the 2015 calendar year. It’s also predicting that the country’s economy...

Jamaica’s Exemplary Economic Performance – Fritton

British High Commissioner to Jamaica, David Fitton says Jamaica’s performance in meeting the targets under the economic management programme with the IMF, should...

Multi-Laterals Discuss Slowdown in ECLAC

The economic slow down in Latin America and the Caribbean is set to be the major topic today, when the Annual Meeting of the Board of Governors of the International...

Remittances Up in June

The Bank of Jamaica says net remittances for June this year, came in at USD$174-million, a 13-percent increase over the figure for June last year. The BOJ says that in...

Budget Cuts Coming

Finance Minister Dr. Peter Phillips is to table a supplementary budget before the end of the calendar year, which will reflect an $8.6-billion cut in the recurrent...

Wisynco Driving Renewable Energy

Chairman Emeritus of the Wisynco Group Andrew Mahfood says his organisation will seek to power more of its operations using renewable sources of energy, despite the...

DBJ Provides $20bn in Loans

The Development Bank of Jamaica has provided over $20-billion in loans to various enterprises over the last three years. That’s according to Account Executive at...