Every time there is a sharp decline of the exchange rate, it becomes a major topic of discussion, and rightly so. The fact is that the exchange rate is very important to the consumer, as it does have an impact on prices. If the J$ depreciates against the US$, then
Classic economic theory presents a few important concepts that help us understand the movements in exchange rates, with one of the most relevant being purchasing power parity (PPP). According to purchasing power parity, the price of the same good should be the same in all countries. Put another way, the
Today, I will look at Jamaica’s five oldest unit trusts and mainly the funds which invest primarily in the Jamaican securities market. This examination will focus on the composition of the funds, their 12-month growth rate as measured by the percentage increase of their unit values to August 9, 2018,
A section of the University Hospital of the West Indies is seen in this August 16, 2017 file photo. The hospital is Guardian Life's largest biller. The insurance company has seen a spike in payouts to hospitals in the past two years and is projecting that will rise with the
The Hope Institute of Jamaica and the Jamaica Cancer Care and Research Institute (JACCRI) were the beneficiaries of $750,000 from the recently held ICWI Hope In The Hills concert. The funds were handed over at the Hope Institute of Jamaica. A sum of $500,000 was presented to the Hope Institute
Finance Minister Dr Nigel Clarke delivering a Special Policy Address on the Bank of Jamaica modernisation programme, at the Jamaica Pegasus hotel in New Kingston yesterday. (Photo: JIS) The recent public debate on the depreciation of the Jamaican dollar has been ardent and, in some cases, desperate. Even well-informed stakeholders
Planning Institute of Jamaica (PIOJ) Director General, Dr Wayne Henry (left), addresses journalists during Wednesday's (August 16) quarterly media briefing at the PIOJ's head office in New Kingston. Also pictured is Economic Development Specialist in the PIOJ's Vision 2030 Jamaica Secretariat, Travis Reid. KINGSTON, Jamaica (JIS) — The Planning Institute
Prime Minister Andrew Holness says there is scope for greater expansion of the Airbnb service in Jamaica, which he said earned hosts in Kingston US$2.4 million in 2017. Based in San Francisco, California in the United States, Airbnb is an online community marketplace for people to list, discover and book
Brittany Quallo (right), Sagicor Life financial adviser and Sagicor Foundation volunteer, presents a cheque for $50,000 to Reverend Dr Peter Garth (left), senior pastor at Hope Gospel Assembly, and Marsha Palmer (second left), the church’s back-to-school fair coordinator, in support of the church’s back-to-school scholarship programme. The donation will
The Statistical Institute of Jamaica (STATIN) is reporting that point-to-point inflation is now at 3.2 per cent. This means inflation is still below the targeted range of 4 to 6 per cent. Inflation for July came in at one per cent.
