Category: Business

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...

Robinson Cautions McNeil Against Gloating Over Tourism Arrival Numbers

Tourism and Entertainment Minister Dr. Wykeham McNeil says stop over tourist arrivals to Jamaica have increased significantly for the first four months of 2015. Dr....

Economy to Grow by 2% If there is No Natural Disasters – Byles

Jamaica’s economy will grow by more than 2 percent in 2015 if there are no natural disasters. That’s according to Co-Chair of the Economic Programme...

Caribbean Countries Dependent on Tourism Recovering – IMF Study

The latest Wold Economic Outlook published by the International Monetary Fund, IMF, says the tourism dependent economies of the Caribbean have started to see a recovery...