WIP launches Endeavor to become major player in logistics hub

By |2015-10-27T14:05:39+00:00October 27th, 2015|news|

Friday, October 09, 2015 The WIP Endeavor at Victoria Pier on the Kingston Harbour. (PHOTO: LIONEL ROOKWOOD) West Indies Petroleum (WIP) commissioned its new WIP Endeavor barge with its tugboat the 2200 HP WIP Spirit at the Victoria Pier in downtown Kingston yesterday. WIP is a ship bunker supplier, which blends fuel to the customer's [...]

China’s middle class overtakes US as largest in the world

By |2015-10-27T13:59:34+00:00October 27th, 2015|news|

China's middle class has overtaken the United States to become the largest in the world according to a comprehensive new report on the distribution of global wealth. Despite fears of a global growth slowdown in the emerging world, Asia is set to be the scene for the greatest expansion of the world's middle class, said [...]

Sandals contributes $3b to Jamaican manufacturing each year

By |2015-10-27T10:49:52+00:00October 27th, 2015|news|

Wednesday, October 14, 2015 STEWART... we pour 7.3 million cups of Blue Mountain coffee in our hotels annually (PHOTO: KARL MCLARTY) Adam Stewart, CEO of Sandals Resorts International, says the hotel group is contributing roughly $3 billion to the local manufacturing industry each year. Speaking at the Jamaica Manufacturers' Association Annual Awards Banquet at the [...]

Ensure only ‘clean money’ enters system, Gov’t urges financial sector

By |2018-08-17T06:55:28+00:00October 27th, 2015|news|

Monday, October 12, 2015 Minister of Foreign Affairs and Foreign Trade Senator AJ Nicholson KINGSTON, Jamaica (JIS) – The Government is calling on the financial sector to be watchful in ensuring that only clean money enters or passes through their systems from the new ganja industry. Minister of Foreign Affairs and Foreign Trade, Senator AJ [...]

A true economic turnaround requires Jamaica to adopt a gateway strategy

By |2015-10-27T10:39:16+00:00October 27th, 2015|news, Uncategorized|

Friday, October 09, 2015 LIMA, Peru — World Bank President Jim Yong Kim, (right centre), walks to where he will meet with Latin American economy ministers, in Lima yesterday. The world's finance ministers and central bankers are in Lima for the joint annual meetings of the World Bank and IMF that run through Sunday. (PHOTO: [...]

Less growth for Jamaica — IMF

By |2015-10-27T10:34:18+00:00October 27th, 2015|news|

Friday, October 09, 2015 LIMA, Peru -- Christrine Lagarde Managing Director of the IMF and Gerry Rice (right), Director of the IMF Communications Department, arrive to a press briefing yesterday, during the day's activities of the Annual Meetings of the World Bank Group. (PHOTO: AFP) The International Monetary Fund (IMF) revised downward its growth projection [...]

Pension crisis looming – Chung

By |2018-08-17T06:55:28+00:00October 27th, 2015|news|

Sunday, October 04, 2015 (From left) Rezworth Burchenson, managing director of Prime Asset Management; Kelly Peters, CEO and managing partner of BEWorks Inc; and Denis Chung, CEO of the Private Sector Organisation of Jamaica, at the head table during the Prime Asset Management’s 8th annual pensions seminar at the Jamaica Pegasus hotel in New Kingston [...]

NWC, trade unions still in talks about health insurance coverage

By |2015-10-27T10:18:59+00:00October 27th, 2015|news|

Tuesday, October 06, 2015 | 10:09 PM KINGSTON, Jamaica – The management of the National Water Commission (NWC) on Tuesday advised that efforts are continuing to "amicably resolve" issues of disagreement between the NWC and trade unions representing more than 2,000 employees regarding the new Group Health Insurance Contract. The dispute had resulted in strike [...]

IMF Report Executive Summary

By |2018-08-17T06:55:28+00:00October 27th, 2015|Press Releases|

CA NINTH REVIEW UNDER THE ARRANGEMENT UNDER THE EXTENDED FUND FACILITY AND REQUEST FOR MODIFICATION OF PERFORMANCE CRITERIA EXECUTIVE SUMMARY Macroeconomic indicators are improving, but growth remains sluggish. Growth has been revised down to 1.4 percent for FY2015/16 as drought continues to impede agricultural growth for a second year in a row. Inflation is projected [...]

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