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IMF: Jamaica’s ‘strong’ economic programme faces growth challenges

By |2018-08-17T06:54:44+00:00October 27th, 2017|news|

HE executive board of the International Monetary Fund (IMF) says that, while Jamaica's economic programme remains strong, a number of issues are challenging the country's growth performance. Chief among these issues, according to IMF deputy managing director and Acting Chairman Tao Zhang, are: Vulnerability to weather-related shocks; prolonged wage negotiations with public sector trade [...]

Robin Levy returning to Ja Co-op Credit Union League as group CEO

By |2018-08-17T06:54:44+00:00October 27th, 2017|news|

Robin Levy will get only two days' rest when he leaves the Jamaica Stock Exchange (JSE) on November 3, as he will take up his new job as group CEO at the Jamaica Co-operative Credit Union League on November 6. Levy is replacing Glenworth Francis, who is retiring at the end of this year at [...]

Self-financing public bodies record $3.96b surplus

By |2018-08-17T06:54:44+00:00October 27th, 2017|news|

The Government is reporting that self-financing Public Bodies (SFPB) recorded an overall balance surplus of $3.96 billion for the first three months of the 2017/18 fiscal year ending June 30, relative to the targeted deficit of $1.45 billion. According to the 2017/18 Fiscal Policy Paper Interim Report, which was tabled in the House of [...]

Former PIOJ head Collin Bullock is dead

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

KINGSTON, Jamaica — Leader of the Opposition, Dr Peter Phillips is deeply saddened by the death of former head of the Planning Institute of Jamaica (PIOJ) Collin Bullock, the People's National Party (PNP) said in a release a short while ago. Bullock died late this evening after ailing for some time. According to Phillips, [...]

Finance minister optimistic of growth for fiscal year

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

Minister of Finance and the Public Service, Audley Shaw (left), is greeted by Managing Director, Factories Corporation of Jamaica (FCJ), Donald Farquharson (right), as he arrives at the Garmex Free Zone and Industrial Estate, Marcus Garvey Drive, on Wednesday (October 18) for the FCJ's business and wellness expo. At centre is Chairman, FCJ, Lyttleton [...]

J’cans in Canada urged to strengthen ties with home

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

TORONTO, Canada (JIS) — Wife of the Prime Minister, Juliet Holness, is urging members of the Jamaican diaspora in Canada to strengthen partnership with their home country in the quest to achieve true prosperity. She said that overseas nationals have a part to play in helping to create a Jamaica in which they can [...]

Shaw awarded Finance Minister of the Year for the Caribbean

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

Minister of Finance and Public Service Audley Shaw (center) displays his Finance Minister of the Year for the Caribbean 2016 trophy after he was presented with the award at the GlobalMarkets Annual Awards Reception held at Willard Intercontinental Hotel in Washington, DC on Saturday. Others from left are: Managing Director of GlobalMarkets Newspaper, John Orchard [...]

Nation honours 257 for outstanding service

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

Sister Mary Paschal Figueroa, OD receives the Order of Distinction (Commander class) from Governor General Sir Patrick Allen for outstanding public service in education and religion at yesterday's National Honours and Awards ceremony at King's House. (Photo: Bryan Cummings)   Two hundred and fifty-seven Jamaicans received national honours and awards yesterday at the annual [...]

Saving for retirement or your children’s education

By |2018-08-17T06:54:44+00:00October 19th, 2017|news|

When I meet with both prospective and existing clients and I ask the question: “What are your investment goals?” the two most common responses are that they are seeking to grow their funds for retirement or saving for their children's college education. Frustration with savings accounts and other traditional fixed rate deposits have led [...]

Poor infrastructure blamed for rural-urban drift

By |2017-10-19T08:23:04+00:00October 19th, 2017|news|

WESTERN BUREAU: Minister of Agriculture Minister Karl Samuda is blaming the lack of infrastructural development for both rural-urban drift and the migration of trained young people, who feel they have no other option but to move away in search of opportunities for advancement. According to Samuda, there are two types of infrastructural development, hard and [...]

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