Two months of sharply rising prices have raised concerns that record-high government financial aid and the United States Federal Reserve’s ultra-low interest rate policies – when the economy is already surging – have elevated the risk of accelerating inflation. In May, consumer prices rose 5.0 per cent from a

Regional carrier Caribbean Airlines Limited (CAL) in its first quarter performance this year reported US$25.7 million or TT$172.7 million in losses — a 75 per cent downturn in revenues when compared to the corresponding period of last year. Since the outbreak of the novel coronavirus pandemic last year, the airline

n his first public pronouncement on the controversial entry of Uber into the Jamaican market, Transport Minister Robert Montague has welcomed the ride-sharing company’s overtures locally but cautioned recruited drivers to have the requisite... https://jamaica-gleaner.com/article/lead-stories/20210623/montague-open-arms-uber-warning

PARIS, France (AFP) — The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions. IHS Markit, which conducts monthly surveys of businesses that are highly valued by the market as a leading

QUESTION: In 2019, I took out a credit card and always paid my bills on the due date. When COVID-19 came about, I had to use the card to help with getting food supplies for my household. I was then out of a job when my workplace was closed.... https://jamaica-gleaner.com/article/business/20210620/oran-hall-restoring-your-credit-score

Construction, which is captured as a goods-producing sector in the counting of national output, was a star in the real economy last year. But real estate, which is classified as a service, was unable to match it. Although the number of real estate... https://jamaica-gleaner.com/article/business/20210620/covid-halts-real-estate-momentum

Jamaica’s main insurance umbrella group has warned vehicle owners and operators enlisting with ride-sharing service Uber that they could compromise their coverage if they fail to disclose the arrangement to their insurers. The Insurance Association... https://jamaica-gleaner.com/article/lead-stories/20210618/insurers-blow-horn-against-below-radar-uber-drivers

MEMBERS of the Caribbean Community of Retired Persons (CCRP) — a non-profit membership organisation for people 50 years or older — are welcoming the opportunity of accessing home and auto insurance at a reduced cost, courtesy of a partnership between JN General Insurance Company (JNGI) and insurance broker CGM Gallagher.

TOURISM Minister Edmund Bartlett says that tourism sector employers will start contributing to the new Tourism Workers' Pension Scheme (TWPS) in January 2023, at a rate of five per cent per annum. He told the House of Representatives Tuesday, as he closed the 2020/12 Sectoral Debate, that the fund administrator,

Sagicor Group Jamaica Limited, SGJ, is putting up US$100 million ($15 billion) for a large stake in the LNG power plant that fuels the Jamalco refinery at Halse Hall in Clarendon and is owned by natural gas infrastructure developer and operator New Fortress Energy Inc. The acquisition, which forms