weather conditions. President of the Jamaica Hotel and Tourist Association (JHTA) Robin Russell has said that he is very optimistic about the upcoming winter tourist season which is to begin in December. “We had a very good winter season last year which spilled over into a very strong summer, so we are expecting that same […]
BY GRACE G MCLEAN IT’S not easy living on a fixed retirement income without careful financial planning. There are many retirees who rely on fixed incomes in retirement. In some cases, they receive income from their monthly pension and NIS pension benefits while for others their only source of income is the NIS pension benefit […]
WESTERN BUREAU: SINCE ITS inception more than a year and a half ago, the Tourism Workers’ Pension Scheme (TWPS) has grown to $1 billion, according to Tourism Minister Edmund Bartlett. https://jamaica-gleaner.com/article/lead-stories/20230902/tourism-workers-pension-scheme-savings-1-billionhttps://jamaica-gleaner.com/article/lead-stories/20230902/tourism-workers-pension-scheme-savings-1-billion ]
Jamaica’s commitment to macroeconomic stability and strong policy frameworks were highlighted today as the Executive Board of the International Monetary Fund (IMF) concluded its first review under the country’s Precautionary and Liquidity Line (PLL). The PLL serves as insurance against shocks, with access at about US$611 million. https://jamaica-gleaner.com/article/news/20230831/jamaicas-macroeconomic-stability-and-policy-frameworks-highlighted-imf-review
TRANSPORT operators say they are ready to embrace the Bank of Jamaica’s (BOJ) central bank digital currency Jam-Dex, and could do so in time for the new year if things fall in place quickly. Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group (NTAG), said he has been lobbying amongst transport […]
JAMAICA is set to draw down US$255 million in loans from the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) with the money to be steered towards refinancing high interest debt coming to maturity shortly. The IMF loan has a longer maturity — 20 years — and the low interest rate it […]
TH interest rates remaining at a 12-year high there has been a sharp decline in the general activity seen on the Jamaica Stock Exchange (JSE) as buyers retreat and sellers seek cash. There has been a flood of new investors in the equity markets over the last four years, following several highly touted public offerings […]
Regional telecoms provider C&W Business is flexing its muscles as it campaigns for advancement in the delivery of telehealth services in the Caribbean. Telehealth refers to the delivery of medical and health-care services using telecommunications technology. Aspects of telehealth include digitalising patient records, improving patient processing digitally, remote consultation, and electronic monitoring of patient’s health […]
BEING asked to join a company’s board of directors is often associated with great stature. There is a level of appreciation that is owed to the duties and responsibilities imposed on the director that they should, prior to accepting this role, be aware of in order to properly discharge these duties. This is why the […]
THE US economy is doing better than expected but it’s not the only one. Gross domestic product (GDP) growth of 2 per cent in the first quarter was followed by 2.4 per cent growth in the second quarter, and the Atlanta Fed GDPNow forecasting model currently suggests growth of 5.9 per cent for the third […]
