The Bank of Jamaica, BOJ, is this afternoon advising persons not to engage in any transactions involving the Central Solar Reserve Bank of Accompong or use its currency called the Lumi. The Bank’s advisory comes as the saga relating to the Lumi and the Central Reserve Solar Bank deepens. The […]
Executive Director of the Economic Growth Council Senator Aubyn Hill, is lauding Jamaica’s efforts in reducing the debt to GDP ratio from 149% of GDP to 95%. Mr. Hill who was speaking during an interview says he is confident Jamaica can get the debt to GDP of 60%.
Deputy Director General of the Statistical Institute of Jamaica, STATIN, Leesha Delatie-Budair, says the manufacturing industry recorded its best performance in just over two years during the second quarter of this year. Ms. Delatie-Budair says the sector’s 3.3% growth was driven by improvements in production at Petrojam. The economy grew […]
The public is being advised to get ready for the largest Initial Public Offer, IPO, in Jamaica’s history. The government is preparing to list TransJamaican Highway on the Jamaica Stock Exchange. Finance Minister Dr. Nigel Clarke made the announcement at a press conference this morning. No details of the offer, […]
The Jamaican economy grew by 1.3% for the second quarter of 2019 when compared to the similar quarter of 2018. That’s according to figures released by the Statistical Institute of Jamaica, Statin. Statin says the growth in the Jamaican economy is based on improved performances in both the Goods Producing […]
The Bank of Jamaica (BOJ) estimates that at least J$100 million in one- 10- and 25-cent coins, the ‘red’ money, is ‘lost in circulation’ in the Jamaican economy, and has partnered with GraceKennedy (GK) Money Service in a recovery drive. The BOJ contends that a significant portion of this money […]
Finance Minister Dr. Nigel Clarke is hailing the recent upgrading of the country’s credit rating from B+ to B by rating Agency Standard&Poors. Dr. Clarke writing on Twitter, said it is useful to note that this upgrade occurs at a time when Jamaica is effectively outside of an IMF programme […]
The new President of the Private Sector Organization of Jamaica, PSOJ, Keith Duncan, says he’ll be building on the foundation laid by his predecessors. He succeeds Howard Mitchell, the 19th President of the organization. Mitchell demitted office after serving two terms. Duncan, who’s CEO of the JMMB Group, was elected […]