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THE Bank of Jamaica (BOJ) is facing a barage of criticisms on Twitter about the decision to name the central bank digital currency (CBDC), JAM-DEX. The BOJ revealed the name just over a week ago, citing that JAM-DEX is the shortened version for the Jamaican Digital Exchange with the slogan “No cash, no problem!”. The […]
JAMAICANS are being told to brace for the current inflation spike to last longer than first anticipated and be sharper than already recorded, if the conflict in Eastern Europe is protracted. After weeks of warning that Russia is intending to invade its neighbour Ukraine, the Vladimir Putin-led country sent troops into the eastern section of […]
Near doubling its market share within the last year, Future Energy Source Company Limited (Fesco), in an outlook for continued growth, said it is seeking to expand its fleet of service stations across the island by early next year. “What we envision is that within the next 15-18 months, we will be at 20 or […]
THE return of nearly 500,000 primary and high school students to school in the near term is expected to restart engines in the manufacturing sector which have been idling for the last two years since the education sector closed down and then reduced face-to-face encounters due to COVID-19. Among companies which reported reduced sales due […]
THE Bank of Jamaica (BOJ), in its latest Macroprudential Policy Report, published in February 2022, updated that as at end of month October 2021, households accounted for a high proportion — 18.0 per cent — of the outstanding loans offered by local deposit-taking institutions (DTIs), representing debt affected by delayed payments to various degrees. These […]
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Key Insurance has labelled its fourth quarter, the period between October and December 2021, as its best in seven years. For the period the company said it earned before tax profits of $237.64 million, outperforming its prior year profits by $687.10 million or 153 per cent. Net profit attributable to shareholders also increased by 151 […]
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