Category: Business

IMF Revises Growth Outlook for Caribbean

The International Monetary Fund has revised its growth projections for the Caribbean and Latin America region down to 0.5 percent, representing five years of...

Petrol Prices to Dip This Week

Petrol prices are set to fall at the pumps this week. Petrojam says the price of 87 and 90 octane gasoline has decreased by $1.73 per litre. The price of Automotive...

Record Balance of Payment Surplus

Jamaica recorded a surplus in its Current Account for the March quarter this year, of 39-million US dollars. In its quarterly monetary policy report, the Bank of...

NIR Down; But Good

The Bank of Jamaica says the country’s Net International Reserves declined at the end of June this year, when compared to the figure at the end of May. At the end...

Primary Surplus Target Surpassed

The Government has surpassed the primary surplus target for the first two months of this fiscal year by a significant margin. Co-Chairman of EPOC, Richard Byles, gave an...

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...