Jamaica Business News
The oldest and leading newspaper in Jamaica
Updated: 8 hours 11 min ago
The Private Sector Organisation of Jamaica (PSOJ) is estimating that about 13 million man hours may have been lost to the chikungunya epidemic, potentially resulting in economic losses of more than $6 billion as workers stay off the job while recovering.
CD Alexander has leased the old Ideal Warehouse in downtown Kingston from the Urban Development Corporation (UDC) to hold its auctions.
WASHINGTON, DC: The International Monetary Fund (IMF) is adamant that Jamaica continue on the current economic reform trajectory despite sections of the population's impatience with observing tangible benefits becoming manifest in the form of jobs and other economic benefits.
WASHINGTON, DC: Monetary policy needs to stay accommodative to achieve the economic growth desired, but a side effect is the danger of reckless risk taking, which is particularly acute in the non-bank sector, managing director of the International Monetary Fund (IMF), Christine Lagarde, said.
The Housing Agency of Jamaica (HAJ), whose mandate is to providing low-income housing but has been doing so at a loss, is now seeking a write-off on loans from Government of about $700 million and hopes to re-engineer its relationship with long-time backer National Housing Trust (NHT).
The Jamaica Manufacturers' Association Limited, in association with Digicel Business, hosted its 46th annual awards banquet, at The Jamaica Pegasus hotel in New Kingston on the night of October 9.
Responsible Officials: Minister: Wykeham McNeill, Chairman: Noel Sloley, Other Directors: Trevor Riley (deputy chairman), Evelyn Smith, John Lynch, Gregory Burrowes, Shauna Trowers, Maxine Henry-Wilson, Janice Allen, Gregory Lawrence and Harry Maragh.
Europe got more bad news about its dominant economy Tuesday when the German government slashed its growth estimates for this year to 1.2 per cent from 1.8 per cent.
Citigroup customers across Central America and parts of Eastern Europe will be looking for a new place to bank next year.
Growth in emerging markets is at its lowest ebb since the aftermath of the financial crisis due to a combination of China's fading dynamism, a sputtering performance in eastern Europe and Latin America's slowdown.
THE BRITISH Virgin Islands has long attracted Chinese companies looking to incorporate offshore but the Caribbean haven is facing pressure in Hong Kong from a global push to tackle money laundering.
If you're a driver, a shipper or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices - for the oil industry and for the economy.
China has approved the development of a US$$3.3-billion Universal theme park in Beijing that would be the first major foreign-owned theme park in the Chinese capital.
China's trade grew more strongly than expected in September, easing fears of a deeper slowdown in the world's No. 2 economy.
Shares of Fiat Chrysler Automobiles (FCA) jumped as the market opened Monday, but fell later in the morning after making their debut on the New York Stock Exchange (NYSE).
THE ISSUANCE of a receipt to motorists in lieu of a decal by Tax Administration Jamaica (TAJ), which is currently experiencing a shortage of the licence discs, has been described by a senior legal counsel in the Attorney General's Chambers as a breach of statutory duty.
FINANCE AND Planning Minister Dr Peter Phillips is urging the G20 to make good on its promise to assist countries in the Caribbean to mitigate the effects of the financial recession of 2008.
The European Union (EU) is broadening its crackdown on multi-nationals' tax-avoidance schemes, opening Tuesday an investi-gation into Amazon's practices...
Minister of Industry, Invest-ment and Commerce Anthony Hylton says the special economic zones (SEZ) to be rolled out, starting in 2016, will be the signal to large international investors that Jamaica is ready for big investments along the value chain.
Super Plus Food Stores Limited will pay a reduced award of just under $140 million to Continental Baking Company for goods supplied to the supermarket chain, according to a Court of Appeal ruling.