INCREASED yields backed by the recovery of tourism saw the agriculture, forestry and fisheries industry leading the performance for estimated out-turns in the goods-producing industry during the just-concluded July-September quarter.
Jamaica's economy registered 4.3% growth in third quarter
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Nigel Clarke says inctrease in gov't revenues proves that the economy is doing well
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Finance Minister Dr. Nigel Clarke says the over-performance of government revenues is proof that the Jamaican economy is doing well.
Sterling advice on managing rising inflation
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The Bank of Jamaica (BOJ) notes a consistent increase in the monthly point-to-point inflation rate as of October 2022, which now stands at 9.9 per cent.
PanJam and Jamaica Producers announce multi-billion dollar merger
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Jamaican conglomerates Jamaica Producers Group Limited (JP) and PanJam Investment Limited (PanJam) have announced that they will merge their operations.
Fontana Pharmacy releases UNO Jamaica playing cards
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Fontana Pharmacy in collaboration with Mattel Inc. has released UNO Jamaica, the classic card game with a Jamaican twist. Available starting today, the card game will be sold exclusively at Fontana Pharmacy and fontanapharmacy.com.
BOJ hikes interest rate to 7%, prepared to pause further increases
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The Bank of Jamaica (BOJ), today, announced an increase in the policy interest rate by 50 basis points (bps) to 7 per cent. The current decision has resulted in a cumulative increase in the policy rate since October 2021 of 650 bps
Major unions sign new public sector compensation agreement
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The Ministry of Finance and the Public Service (MOFPS) has reached agreement with a number of major public sector trade unions, including a majority of the unions in the Jamaica Confederation of Trade Unions, on the new, restructured public sector compensation system.
Trouble! More financial companies skipping dividends amid capital erosion
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AMIDST the sharp decline in asset prices and erosion of the capital base of financial companies, different listed companies have decided to forego dividend payments to shareholders as they bolster their capital base owing to continued volatility in the financial markets.
Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West.
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Lasco seeking to gain more ground in remittance market
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Lasco Financial Services Limited (LasF), an affiliate of the Lasco Group of companies, in building out its digital portfolio and expanding offerings under its remittance business is pushing to add another money transfer service in the coming months.
Jamaica Broilers Group Limited (JBG) is planning on increasing its investments in its US operations as it plans to expand its poultry processing plant in South Carolina, United States of America.