Even as consumers battle price inflationary pressures while the economy recovers from the novel coronavirus pandemic, Jamaica Broilers Group Limited (JBG) has announced that a 10 per cent price increase will be applied at the end of January. “It’s incredible what’s happening, and it’s so aggressive that it’s not funny,” stated a Christopher Levy, president […]
The Bank of Jamaica (BOJ) remains firm that its digital currency will be for domestic use only. In an update provided to the Jamaica Observer, it said it is also not considering interoperability with any other CBDC or usable on any other digital wallet apart from deposit-taking institutions and payment associates in its own ecosystem. […]
The Inter-American Institute for Cooperation on Agriculture (IICA) has called upon states to offer increased collaboration in advancing key efforts to transform the sustainability of agri-food systems across hemispheres. At a recent ceremony to install Manuel Otera, who was re-elected to serve for a second-consecutive term as director general of IICA, he urged states to […]
The Development Finance Institute Canada (DFIC) Inc, operating under the FinDev Canada brand, recently announced a US$20-million loan to JMMB Bank (Jamaica) Limited. The loan is intended to support Jamaica’s small and medium-sized enterprises (SMEs) seeking capital to assist them in the creation and retention of jobs and to scale their businesses. The loan […]
ARIBBEAN economist Marla Dukharan is criticising the global minimum tax as another door for discrimination. Dukharan in the Caribbean Monthly Economic Report argued that while the United States, European Union and Organisation for Economic Co-operation and Development (OECD) convinced 136 countries (except Nigeria, Kenya, Pakiston and Sri Lanka) to agree to implement a 15 per […]
An American investment firm called OPES, LLC is accusing the Government of remaining silent on an issue which could result in the country losing an US$8-billion investment. The accusation follows development delays faced by OPES, LLC regarding plans to build two five-star resorts worth at least US$5 billion to US$8 billion in Little Bay and […]
6:38 pm, Wed January 12, 2022 1. Finance Minister Dr. Nigel Clarke Four public bodies have received additional funds in the second supplementary estimates which were tabled on Tuesday by Finance Minister Dr. Nigel Clarke. They are the Urban Development Corporation (UDC), Jamaica Urban Transit Company (JUTC), Montego Bay Metro and the Port Security Corps. […]
Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of Jamaica.Judith Ramlogan, chief executive officer, Companies Office of […]
Published:Friday | January 14, 2022 | 12:06 AMLester Hinds/Gleaner Writer Previous Next File Professor Donald Harris 1 2 The small business sector in Jamaica, which has the potential to spur economic growth, is the victim of a significant resource gap, both financially and in expertise, according to Stanford University Economics Professor Donald Harris. He said […]
Petrol prices are at new record highs after rising for a second-straight week this week. Petrojam, the State-owned oil refinery which announces prices each Wednesday, said it will hike the cost of both 87 and 90 gasoline by $2.43. That increase takes them to $167.42 and $172.87, respectively — the highest ex-refinery figure for both […]
