By |2023-02-23T19:17:29+00:00February 23rd, 2023|Press Releases, Uncategorized|

Summary of Monetary Policy Discussion and Decision - February 2023 At its meeting on 16 and 17 February 2023, the Monetary Policy Committee (MPC) unanimously decided to increase by one percentage point (pp) the domestic and the foreign currency Cash Reserve Requirements (CRRs) applicable to deposit-taking institutions (DTIs), effective 01 April 2023. This decision represents [...]

CIB grows coconut farming beyond eastern Jamaica

By |2023-02-23T14:31:54+00:00February 23rd, 2023|news, Uncategorized|

Shaun Cameron (second right, standing), general manager, Coconut Industry Board, addressing stakeholders at the Coconut Growers' Association in August 2022. (Photo: Karl Mclarty) FACED with the ever-present threat of the lethal yellowing and bud rot diseases which have depleted the coconut stock in Jamaica, the Coconut Industry Board (CIB) is seeking to expand the coconut-growing [...]

New portal for stock market investors

By |2023-02-20T21:41:53+00:00February 20th, 2023|news, Uncategorized|

Investors who hold stocks, bonds and other securities and have them deposited at the Jamaica Central Securities Depository, now have a web-based portal that can take care of queries about their accounts and give real-time updates on securities that they have deposited with the JCSD. The platform was installed by Developers Software Architects Limited [...]

Accountant shortage?

By |2022-12-25T13:35:24+00:00December 25th, 2022|news, Uncategorized|

PEART...people are encouraged to hire trained chartered accountants, pay a fair wage and ensure they are recruiting and hiring our young people to ensure that we have a surplus of accountants. Accounting and auditing firm KPMG is reporting that there's a shortage of chartered accountants and information technology auditors. Speaking in an interview with the Jamaica [...]

Update: BOJ launches new banknotes, to phase into circulation by June

By |2022-12-19T15:46:13+00:00December 19th, 2022|news, Uncategorized|

Update: BOJ lanches new banknotes, to phase into circulation by June Share Published:Friday | December 16, 2022 | 9:52 AM Previous Next Gladstone Taylor Deputy Governor of the Bank of Jamaica Natalie Haynes displays a straightened-out specimen that was crumpled to demonstrate the hardiness of the new banknotes launched on Thursday, December 15, at the [...]

Soaring food prices push inflation to 40-year high

By |2022-10-19T15:47:22+00:00October 19th, 2022|news, Uncategorized|

UK food prices are rising at their fastest rate in 42 years as the cost of living crisis continues to squeeze household budgets. Food costs jumped 14.6% in the year to September - the biggest rise since 1980 - with bread, cereal, meat and dairy prices all climbing. It comes as people also struggle [...]

VM targets big pensions market

By |2022-09-09T23:53:18+00:00September 9th, 2022|Uncategorized|

VM targets big pensions market Share Published:Friday | September 9, 2022 | 12:08 AM With some 815 private pension plans covering only a fraction of Jamaica’s 1.2 million workforce, the deal inked Tuesday by VM Pensions and the Jamaica Manufacturers and Exporters Association, JMEA, for a private pension plan covering workers in the manufacturing sector, [...]

BUSINESS Sagicor Financial credit ratings under review

By |2022-09-08T09:57:52+00:00September 8th, 2022|Uncategorized|

Business Sagicor Financial credit ratings under review BY DAVID ROSE Observer business writer davidr@jamaicaobserver.com Sep 07, 2022 12:18 am · Sagicor FInancial Company's head office at the Cecil F De Caires Building in St Michael, Barbados. Sagicor Financial Company Limited (SFC) and its subsidiaries have had their credit ratings put under watch and review by [...]

New beer comes to market 24 Karat pushes for local penetration

By |2022-08-25T12:34:06+00:00August 25th, 2022|Uncategorized|

r. NEW entrant in the alcoholic beverage market, 24 Karat beer is moving to significantly increase market shares as it sets a precedent for growth in Jamaica over the next few years. Manufacturer and entrepreneur Peter Bovell and his business partner Richard Lee are the co-founders and owners of the local start-up company, Two Jamaican [...]

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