Jamaican economy grew 2 per cent in 4th quarter of 2018 – STATIN

By |2019-03-31T01:26:26+00:00March 31st, 2019|news|

The Statistical Institute of Jamaica (STATIN) is reporting that the Jamaican economy grew by 2.0 per cent during the fourth quarter of 2018 when compared to the corresponding quarter of 2017. STATIN said the growth was attributed to increases in both the services industries and the goods-producing industries of 1.0 per cent and 4.9 per [...]

Insurer welcomes subsidy on lupus medication

By |2019-03-30T12:50:28+00:00March 30th, 2019|news|

SAGICOR Life Jamaica has welcomed the move by the Government to offer coverage to persons affected by the autoimmune disease, lupus, through the National Health Fund (NHF). Prime Minister Andrew Holness, during his contribution to the 2019/20 Budget Debate in the House of Representatives, announced that commencing April 30, lupus will be added to [...]

Island Traffic Authority empowered to suspend licences for road violations

By |2019-03-28T21:31:56+00:00March 28th, 2019|news|

DIRECTOR of the Road Safety Unit in the Ministry of Transport and Mining Kenute Hare says the new Road Safety Act better empowers the Island Traffic Authority in ensuring safety on the roadways in order to reduce injuries and deaths from crashes. He said the authority will be able to suspend driver's licences for various [...]

Massy gets upgraded rating from CariCRIS

By |2019-03-28T13:37:19+00:00March 28th, 2019|news|

MASSY Holdings Ltd, a Trinidad and Tobago conglomerate with footprint in Jamaica, had its creditworthiness upgraded from negative to stable by ratings agency Caribbean Information and Credit Rating Services Limited (CariCRIS). CariCRIS also reaffirmed the assigned issuer/corporate credit ratings of CariAA+ (foreign and local currency ratings) on its regional rating scale, and ttAA+ (foreign and [...]

Jamaican brands expand UK presence

By |2019-03-28T13:34:17+00:00March 28th, 2019|news|

Jamaican brands Tru-Juice, Walkerswood and Ping's have expanded their presence in the UK food and grocery market with their products now on the shelves at the United Kingdom's 4th largest supermarket chain Morrisons. The 500-store chain has partnered with distribution company Dees Caribbean Imports to bring Tru-Juice, Walkerswood and Ping's to its 11 million customers [...]

Gov’t pays off JPS debt; House approves third supplementary estimates

By |2019-03-28T13:30:53+00:00March 28th, 2019|news|

THE Government announced Tuesday that it has now paid off its long-standing arrears with the Jamaica Public Service (JPS) Company for street lights, and that it intends to keep payment current in the future. “After today we will have no arrears for street lighting from the JPS,” Minister of Finance and the Public Service Dr [...]

UK signs trade continuity agreement with Caribbean countries

By |2019-03-28T13:27:18+00:00March 28th, 2019|news|

Published:Wednesday | March 27, 2019 | 12:23 AM Nine Caribbean Community (CARICOM) countries have signed a trade continuity agreement with the United Kingdom that will allow them to trade as they do now without any additional barriers or tariffs. Trade Policy Minister, George Hollingbery signed the CARIFORUM-UK Economic Partnership Agreement with ministers and representatives from [...]

Finance Minister raises ceiling of Contingencies Fund

By |2019-03-28T10:16:52+00:00March 28th, 2019|news|

Finance Minister Dr. Nigel Clarke, yesterday moved a resolution in the House of Representatives to raise the ceiling of the Contingencies Fund from J$100 million to J$10 billion. This will allow the Government to cover unexpected expenditure during a natural disaster. Dr. Clarke said Jamaica's economic independence is threatened by its vulnerability to natural disasters. [...]

Don’t expect cheaper homes, says CAPRI

By |2019-03-27T13:48:18+00:00March 27th, 2019|news|

Homebuyers will pay lower government fees but not necessarily receive lower-priced homes as a result of the Government’s slashing of transfer and stamp duties, say experts. Developers and sellers will eventually price these saving into the cost of the home and that’s not necessarily a bad thing as it will still lead to stimulating new [...]

FSC developing new investment framework for life, general insurance companies

By |2019-03-27T13:43:36+00:00March 27th, 2019|news|

Executive Director of the Insurance Association of Jamaica (IAJ), Orville Johnson, said the Financial Services Commission (FSC) is developing a new investment framework for insurance companies, but that is being preceded by a quantitative impact study and stress testing. Speaking on the margins of Guardian Life’s groundbreaking of its newest investment project, a 176-unit twin-tower [...]

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