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Jamaica's Minister of Finance, Audley Shaw.
Earlier this week, the international rating agency Moodys weighed in on Jamaica, pronouncing that its fiscal situation was perilous and that funds from an IMF Standby Agreement would not be the answer to Jamaica's problems, thus adding its voice to a chorus of damming assessments on the state of the Jamaican economy....more
Increased World Bank funding for Jamaica
Friday, November 20, 2009
Jamaica and the World Bank are currently in close collaboration which could see the bank providing US$100 million in budgetary support to the country early next year....moreNational Export Strategy body calls for export led growth
Friday, November 20, 2009
The call for export-led growth was made yesterday at the resource mobilisation meeting and presentation of the National Export Strategy (NES), held at the Jamaica Trade and Invest (JTI)....moreThe resurgence of NCB Capital Markets
Friday, November 20, 2009
Earlier this month, NCB announced a staggering net profit of $10.2 billion from revenues of $35.4 billion for the year ended September 2009, an 18 per cent increase on the prior year. This result comes against the background of a global recession and the severe contraction of the Jamaican economy, making the performance all the more remarkable....moreDigicel's profits and subscribers continue to grow
Friday, November 20, 2009
Caribbean-based mobile phone company Digicel continues to improve its profits following the announcement earlier this year that it had reported its first net profit since its launch in 2001....moreMayday Air Jamaica takes stand against Spirit Airlines' bid to purchase Air J
Friday, November 20, 2009
A former president of the Jamaica Airline Pilots Association has sent an open letter to Spirit Airlines, asking the low-cost carrier to drop its bid to purchase Air Jamaica and disclose the purchase price to the current and former Air Jamaica employees who are determined to keep the country's only airline under Jamaican ownership - even if it means purchasing it themselves....moreLIME Ja posts J$1.3 billion loss in Q3, but sees Internet and data growth
Friday, November 20, 2009
Integrated telecommunications service provider Cable & Wireless Jamaica, now operating under the brand name LIME, posted a $1.3 billion loss for the quarter ended September 30, 2009. However, there were some bright highlights with the company reporting growth in its Internet and data business arms....moreRituals Coffee to set up shop in Jamaica
Friday, November 20, 2009
Coffee Mill of Jamaica is scaling back whilst Rituals Coffee the Trinidad-based 91-unit chain will open this weekend in Kingston....moreVirgin America expands to Florida
Friday, November 20, 2009
Two-year-old airline Virgin America touched down Wednesday in Florida, marking one of its most ambitious expansion moves yet with a lavish welcoming ceremony that included Virgin Group Ltd founder and billionaire Richard Branson....moreCaricom chairman lobbies FAO to support the region's agriculture initiative
Friday, November 20, 2009
Chairman of the Caribbean Community (Caricom) and president of Guyana, Bharrat Jagdeo wants the United Nations (UN) Food and Agriculture Organisation (FAO) to support the Caribbean's agriculture plan....moreUS economy will grow in the final quarter of 09 — Obama
Friday, November 20, 2009
President Barack Obama predicted Wednesday that the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession....moreClaro's parent América Móvil: One of the world's best companies - says Business Week
Friday, November 20, 2009
Claro Jamaica's parent company, América Móvil , was ranked "7th place among 10 global growth titans" and 18th place in BusinessWeek's 'World's Best Companies 2009' last month....moreFormer Barbados PM says CSME 'was never going to be easy'
Friday, November 20, 2009
The Inaugural Symposium on Current Developments in Caribbean Law in Trinidad and Tobago last week saw Leaders of Government and Opposition echoing calls for renewed commitment to the Caricom Single Market and Economy (CSME)....moreBarbados least corrupt in the Caribbean, says Transparency International
Friday, November 20, 2009
Barbados is the least corrupt among nine Caribbean Community (CARICOM) countries surveyed by Transparency International (TI) in its Corruption Perception Index (CPI) this year....moreSaving for Retirement in Jamaica
Thursday, November 19, 2009
Last week we examined the high cost of retirement and calculated the amount of savings that would be required to replace your income when you choose to stop working. Although cash is tight in today's economy, if you delay putting aside some of your money for your retirement needs, it will only cause you more financial distress in the future....moreSVL's 2-month profit more than doubles
Wednesday, November 18, 2009
Supreme Ventures Limited (SVL) saw a 166 per cent improvement in pre-tax profit during the two-month ended September 30, 2009, when compared to the corresponding period last year, as strong growth in its core lottery business pushed up revenues....more
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