Category: Business

JCC Calls on Phillips to Negotiate A Lower Primary Surplus Target with IMF

The Jamaica Chamber of Commerce, JCC, is calling on Finance Minister, Dr. Peter Phillips, to negotiate a lower primary surplus target with the International Monetary...

January 2015 Unemployment Rate Higher Than January 2014

The unemployment rate in January this year was higher than in January last year. That’s according to the Statistical Institute of Jamaica, STATIN. STATIN says...

Williams Wants Consistent Measure to Track Jamaica’s Debt

Opposition Deputy Spokesperson on Finance, Fayval Williams, is demanding the government to use a consistent measure of the country’s debt so Jamaicans can track...

NCB Records $5.4B in Profits Last Year – 3% Decline in Year to Year Comparison

National Commercial Bank (NCB), recorded a net profit of 5-point-4 billion dollars for the first six months of its current financial year which ends in September. This...

Business Confidence Up – Mahfood

President of the Private Sector Organisation of Jamaica, PSOJ, William Mahfood, says he’s personally observed that business confidence is growing steadily, and...

Gas Prices At 5-months High

The prices at the pumps will rise to their highest level in five months this morning… Petrojam is increasing the prices for 87 and 90 Octane by 1-dollar and...

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...