Category: Business

Digicel Making Massive Profits

Digicel made an operating profit of USD$707-million, on the back of revenue amounting to USD$2.8-billion, in the 12 months to the end of March. That’s according to...

Big Benefits from Buyback – Byles

The co-Chairman of the Economic Programme Oversight Committee, Richard Byles says there are numerous benefits to be derived from the buyback of the country’s...

Debt-buyback Could Bring Changes to IMF Deal – Byles

Co-Chairman of the Economic Programme Oversight Committee, Richard Byles, says the Petrocaribe debt buyback could result in significant changes to Jamaica’s...

Unemployment Rate Down Marginally – STATIN

The Statistical Institute of Jamaica, STATIN, says the country’s unemployment rate has declined marginally. STATIN says that at the end of April this year, the...

B- from Fitch for $US2 Bond

International credit ratings agency Fitch, has given Jamaica’s recent USD$2-billion double-bond a B-minus. Last week, the Jamaican government announced the...

How Jamaica Could Grow by 5%

A recent World Bank study has found that Jamaica could record growth averaging five per cent per annum, if the country’s trade and investment facilitation process is...

‘Sell Some State Assets’ – IMF to Barbados

The Executive Board of the International Monetary Fund, IMF, has advised the Barbados government to sell some state assets, in order to raise money to repay and lower...

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...