Briefing | Economic transformation necessary to stabilise the Jamaica dollar

By |2018-08-17T06:54:18+00:00June 27th, 2018|news|

What is the value of the Jamaican dollar relative  to the US? The Jamaican dollar has depreciated to more than $130 to US$1 again. The price of the US dollar rose to an all-time high, selling for an average price $132 to US$1 and has remained above $131 mark. The exchange rate has increased beyond [...]

Minimum wage to go up, moving from $6,200 to $7,000

By |2018-08-17T06:54:18+00:00June 27th, 2018|news|

The National Minimum Wage is to go up from $6,200 to $7,000 per 40-hour work week, representing a 13 percent increase. The minimum wage for security guards is also to be increased, moving from $8,854 to $9,700. Both rates are to take effect on August 1, 2018. The announcement was made by Labour Minister Shahine Robinson during her contribution to [...]

Pricey Petrojam Insurance – Bidder says process corrupt

By |2018-06-26T14:25:15+00:00June 26th, 2018|news|

Chairman of Marathon Insurance Brokers (MIB), Richard Burgher, is demanding answers from the Government as to why Petrojam turned down a tender offer by to provide insurance services for its workers, but awarded the contract to a competitor even though MBI's proposal was $420 million cheaper. “I am not saying I won this tender, but I am saying [...]

Private sector groups call for forensic audit of Petrojam, Universal Access Fund

By |2018-06-26T14:20:31+00:00June 26th, 2018|news|

Three of the island's leading private sector groups have called for a forensic audit of the affairs of oil refinery Petrojam and the Universal Access Fund, both agencies of the Technology and Energy Ministry. In a statement this afternoon, the Jamaica Chamber of Commerce, the Jamaica Manufacturers and Exporters Association and the Private Sector Organisation [...]

Bartlett, Shaw working to get more local products into hotels

By |2018-06-21T14:49:40+00:00June 21st, 2018|news|

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw shares his ideas on how his Ministry can offer new methods to reduce imports in the tourism industry with Tourism Minister Edmund Bartlett during a Tourism Linkages Council Meeting on June 19 at the Tourism Enhancement Fund's New Kingston offices. MINISTER of Tourism Edmund Bartlett says [...]

Technology crucial to moving economy forward — IDB official

By |2018-06-21T14:45:41+00:00June 21st, 2018|news|

General Manager of the Country Department, Caribbean Group, at the Inter-American Development Bank (IDB), Therese Turner-Jones (second right), in conversation with fellow panellists following a plenary session at the recent Jamaica Investment Forum held at the Montego Bay Convention Centre in St. James. From left are Chief Executive Officer, eGov Jamaica, Maurice Barnes; Director of [...]

5000 farmers to benefit from ‘Climatesmart Agriculture’ – Gov’t

By |2018-08-17T06:54:18+00:00June 20th, 2018|news|

KINGSTON, Jamaica — The Ministry of Economic Growth and Job Creation has announced that approximately 5000 smallholder farmers in the parishes of Portland, St Thomas and St Mary will benefit from technical and technological expertise to increase their capacity to implement climate-smart agricultural practices. The ministry, in a release today, stated that farmers will be [...]

Life Matters | When heart attack strikes at age 35

By |2018-08-17T06:54:18+00:00June 20th, 2018|news|

Nurse Sophia Stampp-Young from the Sagicor Paramedic Unit prepares Marc Blake for an Electrocardiogram (ECG) examination. 1 2 It was supposed to be just another routine day for Marc Blake back in August 2016 when the unexpected happened. Thirty-five years old then, the seemingly young, fit and 'healthy' Sagicor Life Insurance adviser shares his story [...]

Maintain EPOC’s public education role in fiscal council – IMF

By |2018-08-17T06:54:18+00:00June 18th, 2018|news|

Panelist Dr Damien King, Executive Director of CAPRI (right) speaks at the public forum on the proposed independent Fiscal Council organized by the Caribbean Policy Research Institute on June 14, 2018. Finance Minister Dr Nigel Clarke, who proposed the council, is at left while IMF Mission Chief Dr Uma Ramakrishnan is seated next to him. [...]

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