GIVEN THE recent launch of the Bank of Jamaica’s (BOJ) digital currency pilot project and the general positive performance of cryptocurrencies on the world market, many Jamaicans have taken an interest in the new and modern method of exchange. However, there are many persons who may still not understand the concept of cryptocurrencies and central […]
EDUCATION is an essential public good. Without high-quality, inclusive and equitable training, countries will not succeed in breaking the cycle of poverty that is leaving millions of children, youth and adults behind. This reality acquires even greater importance, given the impact of the COVID-19 crisis. Countries will need to rehabilitate their economies and to overcome […]
JN Fund Managers, a member company of The Jamaica National Group, is making it easier for prospective and existing clients to do business with the organisation with the introduction of its digital onboarding initiative, which allows individuals to open an account online. The initiative, which was launched on Monday, February 7, is accessible via the […]
11:44 am, Mon February 7, 2022 A US congresswoman has passed a bill in the House of Representatives to support debt relief for Caribbean and other developing countries. Congresswoman Alexandria Ocasio-Cortez told the Caribbean Media Corporation the measure was passed in the House on Friday as part of the America COMPETES Act. The legislation among […]
Opposition Spokesman on Energy Phillip Paulwell on Tuesday took the Holness administration to task for what he deemed its failure to act on the recommendations of the Zacca Petrojam Review Committee in respect of the future of the state-owned oil refinery three years after the report was submitted. Following a presentation in the House by […]
The Jamaican Economy Panel (JEP) is making a public call for the Government to consider implementing a tax on sugary food and drinks following its eighth round of discussions focused on the high rate of obesity in Jamaica. JEP is part of a partnership between the United Nations Resident Coordinator’s Office (UNRCO) and the Department […]
Local businesses which were looking to save more due to a reduced asset tax will have to wait a little longer. Tax Administration Jamaica (TAJ) on January 27, 2022 said it had been advised by the Ministry of Finance and the Public Service (MOFPS) that the proposal to reduce the rate of the Assets Tax […]
IN 2021, Jamaicans visiting the island used online platforms to remit money for their own use. The method delivered more cash for use in-island, on some platforms, than if they were to visit local banks or cambios to get Jamaican currency in exchange for their US dollars and other foreign currency. Some remittance platforms reported […]
THE Jamaican dollar continued to depreciate, sinking to an all-time low last week in spite of intervention by the Bank of Jamaica (BOJ). The central bank last Friday pumped US$40 million into the local foreign exchange market. The dollar closed the trading week last Friday at $156.78 to US$1. That was a new all-time low. […]
CONSUMERS are facing an imminent increase in the cost for electrical inspection of their premises. Minister of Science, Energy and Technology Daryl Vaz sounded the warning as he gave an update to the House of Representatives on the newly created government electrical regulator (GER), which became operational effective November 1, 2021. Vaz made the sobering […]
