US slightly upgrades GDP estimate to 6.6%
myiaj_admin2021-08-29T20:43:56+00:00The United States economy grew at a robust 6.6 per cent annual rate last quarter, slightly faster than previously estimated, the government said on Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries are growing that the delta variant of the coronavirus
Sorrel highly profitable, says Agro-Invest
myiaj_admin2021-08-29T20:39:48+00:00As Jamaicans on the island and in the diaspora anticipate the end of the year, the demand for sorrel is expected to climb. As much as they enjoy the sorrel, ginger and rum combination which is a popular drink during the festive season, the sorrel plant has a wide range
Gold and copper mining company renegotiates royalty for Jamaican mine
myiaj_admin2021-08-29T20:35:15+00:00Jamaica's efforts to mine gold and copper received a boost with the recent announcement by a Canadian entity that it has reached an agreement over prospects in St Catherine and Clarendon. The company, C3 Metals Inc, which is listed on the Toronto Venture Exchange (under the symbol CCCM), recently announced
Diversification key to transformation of local economy — industry leaders
myiaj_admin2021-08-29T20:25:54+00:00Industry leaders across various sectors have reiterated the need for the creation of policies that encourage the implementation and use of advanced technologies to enable economic diversification which they believe is critical to the transformation of the local economy. Speaking at the recently concluded Economic Growth Forum series held by
Jamaica’s digital currency ‘more secure than Bitcoin’
myiaj_admin2021-08-24T21:39:47+00:00Founder and chief executive officer (CEO) of eCurrency, Jonathan Dharmapalan, has given the assurance that Jamaica's digital currency will not be a security headache. In an exclusive interview on Taking Stock with Kalilah Reynolds, Dharmapalan noted that the technology being used to run the Central Bank Digital Currency (CBDC) will
Sagicor Jamaica hit by higher claims and actuarial reserves
myiaj_admin2021-08-24T21:30:59+00:00Financial conglomerate Sagicor Jamaica has been hit by higher policyholder claims and increases in actuarial reserves in its insurance segment, which have negatively impacted profitability during its second quarter. The higher policyholder claims and increases in actuarial reserves impacted benefits and expenses. Rising medical costs in Sagicor's Employee Benefits Division
Make a U-turn: Get out of debt
myiaj_admin2021-08-24T21:26:19+00:00If you have been seduced into carrying high levels of debt either due to need or greed, it is never too late to execute a U-turn. While, in many circumstances, borrowed money can be used as capital to start some new, profitable project which will make the interest charged worthwhile
Unvaxxed will pay
myiaj_admin2021-08-24T21:17:56+00:00People working in the public sector who refuse to be vaccinated after vaccines are more widely available will have to pick up the tab for their own health care if they become ill with the coronavirus disease. Prime Minister Andrew Holness outlined the policy as he addressed the nation
BANK OF JAMAICA SIGNALS TIGHTENING IN MONETARY POLICY
myiaj_admin2021-08-24T21:10:32+00:00Bank of Jamaica (BOJ) announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) unchanged at 0.50 per cent per annum. The Bank also decided to consider commencing a tightening of monetary policy at the next meeting of the