Category: Business

Remittance Edge Up in August

The Bank of Jamaica says net remittances for August this year, came in at USD$165-million, a 0.7-percent increase over the figure for August last year. The BOJ says that...

Who Is Entitled to SEZ Jobs?

A clause in the Special Economic Zone, SEZ Bill, passed in the House of Representatives this week, has sparked debate over trade and free movement of workers within...

Petrol Prices Up

Gas prices are up by $0.07 today. Effective today, the ex-refinery price for a litre of 87 gasoline is $94.86, while the price for a litre of E90 is $96.51. Automotive...

Abengoa’s Meltdown Ripples Across Latin America

The financial meltdown of Spanish multi-national corporation, Abengoa, is rippling across Latin America. That’s according to London-based business and commodities...

Senate Passes Amendments To Income Tax Act

The Senate passed changes to the Income Tax Act on Friday, in an attempt to target tax evaders. The Amendment also seeks to incorporate a new transfer pricing regime....

NCB Buys 30% Stake in Guardian Holdings Limited

The National Commercial Bank Jamaica Limited, NCB, has bought a 30-percent stake in Guardian Holdings Limited, GHL. A statement today from GHL says the transaction is...

IMF Programme Beginning to bear Fruit – Brian Wynter

The Governor of the Bank of Jamaica, Brian Wynter, says the IMF supported economic reform programme is beginning to bear fruit. Speaking recently at a Business Education...

Drought Impact Worse than Thought

The prolonged drought that affected the country between July and September this year, was even worse than that which gripped the country last year. That’s...

Lower Primary Surplus Won’t Make Gov’t Delinquent

Head of the Department of Economics at the University of the West Indies Mona, Dr. Damien King, says he does not believe lowering the primary surplus target will lead...

Abengoa Chosen to Build Old Harbour Plant

The Jamaica Public Service Company, JPSco, today selected the Spanish firm Abengoa as it’s preferred bidder for the 190 megawatt power plant to be built in Old...