Social support for reforms under Jamaica's economic support programme with the International Monetary Fund (IMF) and the tight fiscal stance being undertaken by the government may falter without a significant movement in economic activity.Despite...
PIGEON ISLAND, St Lucia:A new World Bank report, which examines emerging economic opportunities for the Caribbean, shows that CARICOM agreements have driven a rapid increase in intra-regional trade and that a common market would lead to a...
St Lucia’s Prime Minister, Dr Kenny Anthony, has challenged regional governments to dispel the widespread notion that they are all managing failed economies and instead work together to develop a model that confronts the present economic...
A Supreme Court judge has determined that an estranged wife trying to claim half of the value of the matrimonial home was not entitled to it because the marriage did not last long enough.The parties, Gregory Duncan and his wife, Racquel, got married...
The Government remains committed to meeting the targets under the four-year economic support programme with the International Monetary Fund (IMF) and has pledged that neither a general election nor a settlement on public-sector wages will derail it....
The quality of Jamaica's economic performance under its programme with the International Monetary Fund (IMF) has resulted in the Government obtaining US$165 million (J$18.4 billion) in budget support last year from multilateral financial...
Jamaica's Supreme Court has tossed a lawsuit filed by a businessman against his friend whom he had asked to invest US$30,000 in the failed investment scheme Olint Corporation eight years ago. The sum was then the equivalent of $2 million; today it...
Jamaica's three major telecommunications carriers and e-Gov Jamaica Limited have now connected to the local Internet Exchange Point (IXP) in Kingston, but the parties are not 'peering', that is, exchanging data between themselves, the Office of...
The International Monetary Fund (IMF) has expressed confidence that public-sector wage negotiations currently under way will lead to an outcome that will be supportive of the ongoing reforms under its four-year economic programme with Jamaica.Some...
Jamaica ranked just one level from the bottom of 141 countries on the 2015 Travel and Tourism Competitiveness Index on the costs of crime and violence to business.Venezuela, which the United Nations Office on Drugs...
Any pronouncement by commercial banks that a reduction in the Bank of Jamaica's (BOJ) policy rate would not necessarily lead to a lowering of lending rates should not be allowed to stand, says central bank governor Brian Wynter.On April 17, the BOJ...
Governor of the Bank of Jamaica (BOJ), Brian Wynter, said he remained concerned about the relatively low rate of expansion of private sector credit from the banking system, echoing sentiments expressed by co-chairman of the Economic Programme...
Businesses expect inflation of 5.1 per cent in the year ahead, a 50 per cent decline in the expected rate since the last two surveys conducted by the Statistical Institute of Jamaica for the Bank of Jamaica, according to central bank Governor Brian...
The continued lagged impact of the drought which prevailed last summer has been blamed for the poor performance of the Jamaican economy during fiscal year 2014-15, with the Planning Institute of Jamaica (PIOJ) estimating expansion of a mere 0.1 per...
With the primary surplus set to be increased to $126 billion for fiscal year 2015-16, Opposition Leader Andrew Holness has suggested that increased taxation will not be helpful to meet future targets under the International Monetary Fund (IMF) four-...
The Court of Appeal has granted Sagicor Bank Jamaica Limited a stay on a $4 billion judgment in favour of contractor Y.P. Seaton, Y.P. Seaton and Associates and associated company, Earthcrane Haulage Limited, pending the determination of the appeal....
Opposition Leader Andrew Holness said the Jamaica Labour Party (JLP) will be launching a series of public discussions to advise the people about the thinking of the party's Economic Advisory Council on the way forward for the country.Noting comments...
An International Monetary Fund (IMF) staff mission to Jamaica has again given the thumbs up to the Government's performance under the four-year extended fund facility, so far, again concluding that programme implementation remained strong.New IMF...
Co-chairman of the Economic Programme Oversight Committee (EPOC) Richard Byles is appealing to the International Monetary Fund (IMF) to grant a waiver to the Jamaican Govern-ment for missing the primary surplus target for the quarter ending March...
The balance sheet of Jamaica's principal maritime agency, the Port Authority of Jamaica (PAJ), will be stronger going forward, given that fees from the concession for the Kingston Container Terminal (KCT) and other statutory revenues that will...
With annual inflation at its lowest in 48 years, the Bank of Jamaica (BOJ) will be conducting annual reviews to assess Jamaica's readiness for an inflation-targeting regime.According to the latest memorandum of economic and financial policies...
The Jamaican Government's primary surplus target has fallen short by $4.6 billion for the fiscal period to February 2015. The target was for $83.3 billion, bot the Government of Jamaica reported a surplus of $78.7 billionIt was the first time the...
The Port Authority of Jamaica will receive an upfront payment of US$75 million equivalent to the value of the equipment at Kingston Container Terminal (KCT), which are to be handed over to the new concessionaire Kingston Freeport Terminal Limited...
Jamaica Public Service Company (JPS) has failed in its bid to recover $4.27 billion incurred in salaries for employees as a result of a reclassification exercise.The utility had turned to the courts after the Office of Utilities Regulation (OUR)...
