Year two of Christopher Zacca’s tenure as president and CEO of Sagicor Group Jamaica brought record profit amid a restructuring of the accounting for resort investment Playa. But just in case anyone thought otherwise, Zacca is declaring he is hungry for more and is looking to mergers and acquisitions (M&A) to drive needed growth in [...]
ON the south coast of Barbados, the St Lawrence Gap in Christ Church is a must-stop for tourists looking to enjoy the lively nightlife, bubbling restaurants and gorgeous beachfront properties on the island. The well-known strip, which is also called 'The Gap' is home to some of the 4,000 transnational companies that have set up [...]
Prime Minister Andrew Holness points to something of interest in the model of the Silver Sun Estates housing project in St Catherine as he toured the project with chairman of West Indies Home Contractors (Wihcon), Peter Melhado on Wednesday. (Photo: JIS) Prime Minister Andrew Holness yesterday requested a full brief on the plans for the [...]
MONTEGO BAY, St James — In response to a recent call for the pegging of the Jamaican currency to the US dollar, Minister of Finance Dr Nigel Clarke has highlighted the creation of 100,000 jobs among a raft of tangible gains the economy has derived from the current floating exchange rate regime. “We have more [...]
A recent Forbes article penned by environmental, food and agriculture writer Daphne Ewing-Chow, entitled 'The Globalisation Of Fast Food, Public Health And Why We Should Have An Eye On Jamaica', noted that quick-service restaurants on the island are proliferating faster than any other segment of the restaurant industry. It also revealed that half of these [...]
KINGSTON, Jamaica — A sum of US$100 million in grant funding has been requested from the Chinese Government to advance the development of the local coffee industry. Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw said the money will be used to rebuild the Jamaica Blue Mountain Coffee. “I have already had discussions with [...]
The International Monetary Fund (IMF) is urging the Jamaican Government to immediately address public sector governance shortcomings to spur further economic growth. In a report following its fifth review under the stand-by arrangement for Jamaica, the IMF said achieving higher economic growth calls for action from the public and private sectors. According to the IMF, [...]
Jamaican households are servicing three times more debt than a decade ago. The Bank of Jamaica (BOJ) is reporting that $56.60 of every $100 of household income goes towards the servicing of personal loans, the highest level mapped by the central bank to date. The underlying reason for the rise relates to consumer loans growing [...]
Jamaican exports grew by nearly 38 per cent last year, a pace that was nearly four times faster than the rise in imports. Still at a value of US$1.88 billion, the goods that Jamaicans sell to foreign markets was less than a third of the products they buy from overseas. Imports in 2018 grew nearly [...]
Minister of Finance and the Public Service Dr Nigel Clarke (left) in discussion with International Monetary Fund (IMF) Mission Chief for Jamaica, Dr Uma Ramakrishnan, following the Government of Jamaica (GOJ)-IMF joint press conference at the ministry’s offices in Kingston, in March, for the Fifth IMF Precautionary Standby Arrangement Review. The Executive Board of the [...]
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