The Bank of Jamaica (BOJ) is confident of having Jamaica removed from the international watchlist of countries with weak Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regime based on the work being carried out by the bank. BOJ Deputy Governor Maureen Simms pointed out that the central bank has done much work in attempting [...]

WASHINGTON, DC, United States (AP) — The second of three estimates on United States growth for the July to September quarter was unchanged at a record pace of 33.1 per cent. But a resurgence in the novel coronavirus is expected to slow growth sharply in the current quarter with some economists even raising the spectre [...]

LOS ANGELES (AP) — Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana. Shares in some of the biggest cannabis companies, including Aurora Cannabis, Canopy Growth and Cresco Labs, are up between 24 per cent and 75 per cent so [...]

KINGSTON, Jamaica— Cabinet has given approval for the US$25-million Modernisation of the Agriculture Sector Programme (MASP) to be included in the public sector investment programme. The initiative is a five-year project that will be executed by the Ministry of Agriculture and Fisheries and financed by a US$25-million loan from the Inter-American Development Bank (IDB). Speaking [...]

Severe weather conditions over the past month along with challenges from the COVID-19 pandemic has caused vegetable prices across Jamaica to rise by an average 50 per cent in one week, November 14 to 21. Xavier Charvis, marketing officer at Rural Agricultural Development Authority, RADA, is advising consumers to brace for further increases in the [...]

The Ministry of Health and Wellness has commenced the pilot of antigen testing for the coronavirus (COVID-19) at nine public health facilities islandwide. The month-long exercise, which got under way on Monday, is being conducted at the Kingston Public Hospital, Bustamante Hospital for Children, and Comprehensive Health Centre in the Corporate Area; Spanish Town Hospital [...]

increase within the range of 13.0 per cent to 15.0 per cent, which is much higher than the 9.0 per cent recorded over the past year. The BOJ said the worsening unemployment condition is predicated on the adverse impact of the novel coronavirus. The BOJ's projections are contained in its Quarterly Monetary Policy Report (QMPR) [...]

Remittance flows to Jamaica have risen nearly 40 per cent in the September quarter, a spike that is being attributed in part to changing travel patterns, as well as crisis support since the pandemic, according to Bank of Jamaica Governor Richard Byles. With fewer persons flying into Jamaica, persons who would normally bring cash for [...]

Job losses arising from the COVID-19 fallout are worse than the previous crisis in 2008, but recovery should happen four times as fast, according to Planning Institute of Jamaica, PIOJ, Director General Dr Wayne Henry. That’s due to the improved macroeconomy, he said, while addressing his quarterly briefing held online. For the short term, however, [...]