Category: Business

More Remittances

The Bank of Jamaica says net remittances for March this year came in at USD$174-million, approximately USD$3-million more than in March last year. In March this year,...

LIME Job Cuts Looming

Telecommunications company LIME has reportedly indicated that it plans to cut staff in Barbados, as a result of its merger with Flow. The General Secretary of the...

Jamaica Hedging Oil

The government has locked in a price of USD$66 per barrel for oil for the next 15 months. Speaking with our news centre today the Senior Deputy Governor at the Bank of...

LIME Dominates Early Number Portability

Just over 100 telephone customers switched service providers yesterday, on the first day that number portability came into effect. Number portability allows customers to...

Responding to New Economic Challenges

Iconic Jamaican company, the Seprod Group says it’s responding to challenges facing consumers and the economy with strategies ranging from a multi-billion dollar...

Greater Opportunities with N’ America – World Bank

The World Bank is encouraging Caribbean countries to pursue greater trade opportunities with North America. In a report released yesterday, the World Bank says the...

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...