Category: Business

PetroCaribe Buyback and the PDF

The CEO of the Petrocaribe Development Fund, PDF, Dr. Wesley Hughes, is clearing the air on the status of the Fund, in the wake of the government’s debt buyback...

Bogue Conversion an Energy Game Changer – Tomblin

President and CEO of the Jamaica Public Service Company, JPS, Kelly Tomblin, says the conversion of the Bogue power plant in St. James into a Liquefied Natural Gas...

T&T Seeks Answers as FLOW is to Remove Channels

Flow is pleading for patience from its cable customers in Trinidad and Tobago, who’ve demanded answers regarding the looming removal of several channels from its...

GoJ Launches Phase 2 of National Export Strategy

The Government has launched phase two of its National Export Strategy, NES, in an effort to improve the country’s exports and overall economic performance. The...

Interest Rates to Further Decline – Phillips

Expect even further reductions in interest rates! That’s the word from Finance Minister, Dr. Peter Phillips. The Bank of Jamaica, BOJ, has cut the rate on its...

Jamaica #1 in FDI Strategies – Report

Jamaica is now ranked first in the region for strategies to attract Foreign Direct Investment, FDI. That’s according to the 2015-16 report of the Caribbean and...

CIBC Defends Lending Policy

Another bank is defending its lending policy to the public sector, following criticisms from the Opposition’s Deputy Spokesperson on Finance, Fayval Williams. CIBC...

Bid to Save Remittance Services

The General Manager of Jamaica National Building Society, Earl Jarrett, says money transfer companies operating in the Cayman Islands, are working hard to strike an...

Lending Rates to Trend Down

Lending rates at the island’s commercial banks will likely be heading down as early as tomorrow. This as the Bank of Jamaica, BOJ, today reduced the interest rate...

Holness Calls for Secondary Mortgage Market

Opposition Leader Andrew Holness is calling for the introduction of a secondary mortgage market to help drive down the cost of housing. Mr. Holness made the argument on...