The Planning Institute of Jamaica’s Review of Economic Performance, July–September 2021 Media Brief November 24, 2021 DG's QPB 26_2 speaking notes Final 1
1 comment Following an estimated 6.3 per cent real value added in gross domestic product (GDP) output from the local economy during July-September, the Planning Institute of Jamaica (PIOJ) has projected further growth over subsequent quarters and the remainder of the fiscal year. Speaking at a quarterly media briefing held
Jamaica Customs Agency (JCA) has said that amid some downturns brought on by the novel coronavirus pandemic, trade volumes have increased by 126 per cent relative to the pre-pandemic era and have been positively impacting revenue streams. According to Earl Stewart Jr, director of planning and research at the JCA,
With inflation pushing consumer prices higher and the novel coronavirus pandemic creating uncertainty among shoppers, retail sales ahead of the Yuletide season are lagging, with expectations for a soft Christmas shopping season which normally accounts for roughly a quarter of annual sales for most businesses. President of the Private Sector
Concerns have been expressed that pension funds are fuelling what could become a real estate bubble, as many of the properties they own are empty. However, industry participants say the funds are benefiting as properties improve in value even without rental income. Sanya Goffe, attorney-at-law and president of the Pension
Deputy Chief Executive Officer (CEO) at the Jamaica Business Development Corporation (JBDC), Harold Davis, stated that the Companies Office of Jamaica (COJ) recorded its highest number of people registering new businesses in 2020/21. Entrepreneurs and investors registered 12,809 business names and 3,935 new companies, reflecting increases of 12 per
AddThis Sharing Buttons Share to Print Share to FacebookShare to TwitterShare to EmailShare to More KINGSTON, Jamaica— Minister of Housing, Urban Renewal, Environment and Climate Change, Pearnel Charles Jr, says that the Government is working with private developers to provide affordable and environmentally friendly housing solutions for Jamaicans. “We are
A greater focus is expected to be placed on entrepreneurs at the upcoming Future of Caribbean Money conference set to take place from December 8-9. As global financial markets witness a rise in the number of new and exciting products and services, entrepreneurs and small businesses are being equipped to
THE smiles are broader these days in the corridors of the Consumer Affairs Commission (CAC) after its Protection Tribunal awarded a client $7.6 million, the largest-ever compensation granted by the watchdog body. Consumer activist Vernon Derby, host of Nationwide Radio's At Your Service programme, reported the award on his Bark
Bank of Jamaica Governor Richard Byles has slammed critics of the central bank's decision to hike its key policy interest rate twice in the last six weeks — a measure the governor said was taken to control worsening inflation to prevent it from spiralling out of control. The central
