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Real estate adds jobs mostly for women, agriculture sheds male workers

By |2019-04-18T13:32:13+00:00April 18th, 2019|news|

The Jamaican economy created nearly 29,000 jobs in the quarter ending January, and women were the main beneficiaries. But men still command most of the jobs in the overall economy. In the latest Labour Force Survey released Tuesday by the Statistical Institute of Jamaica, jobs for men grew by 9,500 to 673,000, but women accounted [...]

Inflation optimism – March data offers hope for BOJ target

By |2019-04-18T13:28:06+00:00April 18th, 2019|news|

The Statistical Institute of Jamaica on Tuesday released new data on ­inflation which shows that the indicator is moving significantly for the first time in seven months, giving some hope that the central bank may meet its inflation target by June if the trend continues. But this time, in a break with tradition, the [...]

JSE Investor Forum attracts over 1,300

By |2019-04-13T03:37:27+00:00April 13th, 2019|news|

T he Jamaica Stock Exchange (JSE) 50th Anniversary Investor Forum attracted more than 1,300 people interested in creating wealth by investing in the stock market. According to the JSE, the April 4 event was initially organised to host 400 people, but had to be relocated from an indoor facility to Emancipation Park to satisfy the [...]

Gov’t targets 100,000 more Jamaicans for BPO jobs by 2022

By |2019-04-13T03:34:41+00:00April 13th, 2019|news|

Denworth Finnikin, National TVET coordinator, addressing yesterday's second Annual Outsource 2 Jamaica Conference at the Montego Bay Convention Centre in Rose Hall, St James. (Photo: Philp Lemonte) ROSE HALL, St James — More than 100,000 Jamaicans are being targeted for employment in the business process outsourcing (BPO) sector by 2022, as the Government aims to [...]

IMF projects 1.4% GDP growth for Latin America and Caribbean

By |2019-04-13T03:31:45+00:00April 13th, 2019|news|

Real GDP for Latin America and the Caribbean in 2019 is projected to grow at 1.4 per cent, according to the latest World Economic Outlook report from the International Monetary Fund (IMF). Jamaica's growth in the same period is projected at 1.7 per cent. However, while the region's growth is expected to rise to 2.2 [...]

Wigton to raise $5.5 billion for Government coffers – IPO to open April 17

By |2019-04-13T03:28:09+00:00April 13th, 2019|news|

Dr Nigel Clarke (left), minister of finance and the public service, speaking with Christopher Berry, chairman of Mayberry Investments Limited at the Wigton IPO briefing at The Jamaica Pegasus hotel, New Kingston, on Tuesday. The Government is aiming to raise $5.5 billion from the initial public offering (IPO) of Wigton Windfarm, which operates wind turbines [...]

Wynter cautions mortgage banks over risk

By |2019-04-13T03:24:34+00:00April 13th, 2019|news|

The agency that insures mortgages as one of its functions is growing concerned that loan providers may be climbing too far out on a limb to secure market share, given some of the current financing deals that offer credit at or beyond the value of property transactions. It’s referred to as the loan-to-value ratio, or [...]

NEW CHINA ERA – More investments to flow into Jamaica after groundbreaking MOU signed

By |2019-04-13T03:20:12+00:00April 13th, 2019|news|

Senator Kamina Johnson Smith, Jamaica’s foreign minister, shakes hands with Tian Qi, ambassador of China to Jamaica, after signing a memorandum of understanding on the Belt and Road Initiative between the two governments. The signing took place at the Ministry of Foreign Affairs and Foreign Trade in New Kingston yesterday. Jamaica is on the cusp [...]

Editors’ Forum | LNG to supply 80% of power by 2023

By |2019-04-13T03:15:57+00:00April 13th, 2019|news|

Emanuel DaRosa, president and CEO of JPS, addresses journalists at a Gleaner Editors’ Forum on Thursday. To his left is Winsome Callum, director of communications and customer experience. Jamaica’s transition to cleaner liquefied natural gas (LNG), now at nearly 25 per cent of generated power for the national grid, will move to 80 per cent [...]

World Bank says remittances increased significantly in the Caribbean

By |2019-04-13T03:12:32+00:00April 13th, 2019|news|

WASHINGTON, CMC – The World Bank says remittance flows into Latin America and the Caribbean grew by 10 per cent to US$88 billion last year supported by a strong United States economy. The Washington-based financial institution said Mexico continued to receive the most remittances in the region, posting about US$36 billion in 2018, up 11 per [...]

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