Saturday. Looking on is Minister of Tourism Edmund Bartlett. (Photo: Joseph Wellington) The Tourism Linkages Network (TLN) was established as an initiative to increase the tourism sector’s consumption of goods and services that can be competitively sourced locally. Delivering billions in retained earnings over the years, the body said it remains committed to ensuring that […]
CHAIRMAN of the Economic Programme Oversight Committee Keith Duncan has joined the call to Jamaica’s private sector to consider nearshoring opportunities as international events such as the Russia-Ukraine war, global inflation and high freight charges continue to frustrate supply chains. “So the whole supply chain and logistics architecture is changing and Jamaica is perfectly positioned, […]
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Remittance inflows, a general indicator of economic conditions and purchasing power, fell in the period January to May this year, sparking from the Bank of Jamaica, BOJ, which tracks the flows, an explanation that points away from a worsening of this economic indicator. Rather than reading the signal as a slowdown in income to households, […]
The JN Foundation will host its inaugural Young Investors’ summer camp for young people between 12 and 17 years old, as it aims to tap into their growing interest in investing. The camp is scheduled for July 20 to 22 under the theme ‘Building the Young Investor’ and will be held virtually on the Zoom […]
July 18, 2022 Jamaica’s decision in July 2021, to pursue Catastrophe Bonds as a way to reduce the impact that severe natural disasters can have on the national budget, has been hailed as a prudent way to protect the economies of middle-income countries and small island developing states (SIDS). This was discussed on July […]
Senior executives of the country’s monopoly power distributor have downplayed potential earnings from the installation of electric-vehicle charging stations across Jamaica, noting instead that it is a “bullish” investment to bring down the cost of electricity. Already, the Jamaica Public Service Company (JPS) has installed eight of 10 committed charging ports, and has indicated that […]
Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? Their choice is probably not about whether to cut streaming services or opt for store-brand groceries. Instead, they may have to pick between buying enough food and paying rent. The families […]
POVERTY in the Greater Kingston Metropolitan Area (GKMA), which covers Kingston, Portmore and Spanish Town, has seen a significant fall-off in one year, according to data in the Economic and Social Survey of Jamaica (ESSJ) 2021. The ESSJ 2021, which contains data for 2019, shows that the GKMA was the only region to record a […]
The Caribbean, largely made up of small island developing states (SIDS), could soon benefit from regional disaster risk financing, when a catastrophe bond now being designed to service the collective need of countries becomes available. Following a tenfold increase in natural disasters since 1960, worsened by climate change which has been creating more volatile weather […]
