More than 7,000 new hotel rooms over next two years, says Bartlett

By |2018-09-27T12:37:20+00:00September 27th, 2018|news|

ROSE HALL, At James — Jamaica is set to add more than 7,500 new hotel rooms over the next two years, Tourism Minister Edmund Bartlett told journalists at a Jamaica Product Exchange (JAPEX) media update breakfast held at Jewel Grande Montego Bay Resort & Spa in St James on Monday. From the long list of [...]

Shaw promotes import substitution for fruit production

By |2018-09-27T12:31:06+00:00September 27th, 2018|news|

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw (centre) enjoys a piece of watermelon during a tour of Austro Jam in Bluntas, St Elizabeth, on Friday. Looking on are state minister for education, youth and information and Member of Parliament for St Elizabeth Southwestern, Floyd Green (right), and CEO of Austro Jam , Martin [...]

A call for action on radical growth of NIS pension roll

By |2018-09-27T12:26:08+00:00September 27th, 2018|news|

Chairman of Victoria Mutual Pensions Management Dr Judith Robinson is proposing that the Ministry of Labour & Social Security set a national target to radically increase the number of persons covered under the National Insurance Scheme. "We need to move beyond the paltry 10 per cent of the elite who are entitled to some kind [...]

Fed raises rates for third time

By |2018-09-27T12:20:55+00:00September 27th, 2018|news|

The United States Federal Reserve signalled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to tighten credit into 2020 to help manage growth and inflation. The Fed lifted its short-term rate [...]

Gov’t tables First Supplementary Estimates for fiscal 2018-19

By |2018-09-27T13:25:27+00:00September 27th, 2018|news|

A number of key government agencies are set to have their budgetary allocation for the current fiscal year increased, while a few were decreased. The revised allocations were listed in the First Supplementary Estimates for the 2018-19 fiscal year, which was tabled in Parliament on Tuesday by Finance Minister Dr Nigel Clarke. Below are [...]

‘Make a will’, Jamaicans urged

By |2018-09-24T16:29:56+00:00September 24th, 2018|news|

MANDEVILLE, Manchester — Chairman of financial institution MoneyMasters Limited, Dunbar McFarlane, is urging Jamaicans to make a will in order to protect those they would want to be beneficiaries of their estate after death. A will is a legal document which contains a person's wishes on how his/her property should be disposed of after their [...]

IMF predicts economic growth of 1.4 per cent

By |2018-09-24T16:18:20+00:00September 24th, 2018|news|

KINGSTON, Jamaica (CMC) — A delegation from the International Monetary Fund (IMF) Friday ended a two week visit here saying that Jamaica could receive US$226 million if the executive board of the Washington-based financial institution approves a preliminary agreement that has been reached with the Andrew Holness government. The head of the delegation, Uma Ramakrishnan, [...]

Sandals cops 11 World Travel Awards

By |2018-09-24T16:15:14+00:00September 24th, 2018|news|

ST JAMES, Jamaica — Sandals Resorts International won 11 awards at the 25th Annual World Travel Awards held in Montego Bay, St James last night. According to Deputy Chairman of Sandals Resorts International Adam Stewart, this makes the group “the most awarded Resort Company on planet earth”. Topping the list was “Caribbean's Leading Hotel Brand” [...]

Oran Hall | Of what value is diversification?

By |2018-09-24T16:11:21+00:00September 24th, 2018|news|

Diversification is a risk-management technique by which a wide variety of investments is included in an investment portfolio. The best results from diversification are derived from a portfolio in which the assets do not lose value at the same time or at the same rate so the negative performance of some assets can be negated [...]

Clarke urges deeper, better communication from BOJ

By |2018-09-24T16:08:10+00:00September 24th, 2018|news|

Finance and the Public Service Minister Dr Nigel Clarke has urged the Bank of Jamaica (BOJ) to increase its communication channels, including utilising social media such as Twitter to counter misinformation. Clarke's advice was made in the context of the government's intention to legislate the operational independence of the BOJ from the Ministry of Finance, [...]

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