Business

Bad bet

Bank of Jamaica Governor Brian Wynter has revealed that at least one person lost millions in a bad bet on the depreciation of the local currency against the US dollar, despite attempts by the central bank to warn the public that the Jamaican dollar is fairly... Read More

Have we seen this story before?
NEW YORK, United States (AP) — How long can this nirvana last for investors?... Read More

Montserrat accuses UK of reneging on development policy
BRADES, Montserrat (CMC) — The Montserrat Government says Britain has changed its policy on development aid to the British overseas territory after a senior British official indicated that London would not now be funding a multimillion-dollar fibre optic project for the...... Read More

World Bank loan terms for rebuilding Barbuda not in best interest of island — Browne
ST JOHN'S, Antigua (CMC) — The Antigua and Barbuda Government says it wants to renegotiate a US$40-million loan which the World Bank had approved for rebuilding Barbuda that was severely damaged by Hurricane Irma last month.... Read More

Barbados facing challenges to its international business sector

Friday, October, 20 2017    

BRIDGETOWN, Barbados (CMC) — Barbados International Business Minister Donville Inniss says the country is facing myriad challenges, almost daily, as it seeks to develop its international business sector. Read More

Spain confident Jamaica will step up economic growth

Friday, October, 20 2017    

Spain's Ambassador to Jamaica Josep Maria Bosch Bessa has expressed confidence that the Jamaican economy will break the cycle of slow growth. Read More

Mexico quake hit rich and poor alike, but tragedies differ

Friday, October, 20 2017    

MEXICO CITY, Mexico (AFP) — The earthquake that hit Mexico on September 19 did not discriminate in its destruction, levelling homes in rich and poor neighbourhoods alike. Read More

Sygnus raises over $5.5-b for clients so far

Friday, October, 20 2017    

Sygnus Capital, the newest player in the fast-paced high-demand financial market, recently closed a $1.5-billion seven-year transaction for Jamaica Producers which contributed to the more than $5.5-billion in financing that the company has raised for clients in the local capital market... Read More

Cash-strapped LIAT to suffer loss of US$13m due to hurricanes

Friday, October, 20 2017    

KINGSTOWN, St Vincent (CMC) — Regional airline LIAT is expected to end the year with a loss of US$13.25 million as a result of the impact of extreme weather during this hurricane season. Read More

Shaw tells IMF/World Bank forum of billions in new investments

Thursday, October, 19 2017    

MINISTER of Finance and the Public Service Audley Shaw says Jamaica will see an injection of more than US$20 billion of new investments that will help to drive the economy and increase job creation. Read More

Two ganja licences issued

Thursday, October, 19 2017    

THE Cannabis Licensing Authority (CLA) has issued two of the five licences granted for legal operation in the cannabis industry.The licences were issued to Epican and Everyting Oily, a tier one cultivator and a tier one processor, respectively. Read More

Devon House to cover own operating costs by 2020, says Bartlett

Thursday, October, 19 2017    

POPULAR St Andrew heritage site Devon House is expected to start covering its own operating costs by 2020. Read More

RUBiS opens modernised service station in St Ann's Bay

Wednesday, October, 18 2017    

Petroleum marketing company RUBiS Energy Jamaica opened its newly refurbished service station and C Store in St Ann's Bay on September 25, saying that it is a part of a larger modernisation project in which the company is investing as it looks to roll out similar facilities across the... Read More

Jamaica to benefit from US$7.52-m grant funding

Wednesday, October, 18 2017    

Jamaica is set to benefit from an initial US$7.52 million in grant funding under the ninth cycle of the Caribbean Development Bank's (CDB) Basic Needs Trust Fund (BNTF 9). Read More

Search on for best start-up in Jamaica

Wednesday, October, 18 2017    

The Development Bank of Jamaica (DBJ) has partnered with Swiss based-company, Seedstars World, to assist in identifying the best start-up to represent Jamaica in a regional competition. Read More



ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT