Near doubling its market share within the last year, Future Energy Source Company Limited (Fesco), in an outlook for continued growth, said it is seeking to expand its fleet of service stations across the island by early next year. “What we envision is that within the next 15-18 months, we
THE return of nearly 500,000 primary and high school students to school in the near term is expected to restart engines in the manufacturing sector which have been idling for the last two years since the education sector closed down and then reduced face-to-face encounters due to COVID-19. Among companies
THE Bank of Jamaica (BOJ), in its latest Macroprudential Policy Report, published in February 2022, updated that as at end of month October 2021, households accounted for a high proportion — 18.0 per cent — of the outstanding loans offered by local deposit-taking institutions (DTIs), representing debt affected by delayed
PRESIDENT of the Caribbean Development Bank (CDB) Gene Leon is encouraging regional governments to bite the bullet and make investments in renewable energy for the long-term benefits of such undertakings. With Caribbean countries signing on to Conference of Parties agreements aimed at reducing global warming by 1.5 degrees above
THE Bank of Jamaica (BOJ) has come under more fire for its decision on Friday to announce higher interest rates for a fourth-consecutive time which has taken its key policy rate to the highest it has been in four and a half years. The central bank on Friday announced
Key Insurance has labelled its fourth quarter, the period between October and December 2021, as its best in seven years. For the period the company said it earned before tax profits of $237.64 million, outperforming its prior year profits by $687.10 million or 153 per cent. Net profit attributable to
THE Government's plan to spend more to “attract and retain” professionals needed to run the public bureaucracy has come in for scrutiny from the Private Sector Organisation of Jamaica (PSOJ). The PSOJ, in a release on Friday, in which it gave its thoughts about the $912-billion budget tabled earlier
The International Monetary Fund, IMF, on Tuesday predicted that Jamaica would register economic growth of 4.3 per cent this year, down from the projected growth of 4.7 per cent last year. It noted that while the Jamaican economy is rebounding, risks to its forecast remain significant. “Renewed COVID-19 waves in
PETROPOLIS, Brazil (AP) — The death toll from floods and landslides that swept down on the mountain city of Petropolis rose to at least 117 on Thursday and local officials said it could still rise sharply, with 116 more still unaccounted for. The Rio de Janeiro state government confirmed the
AMID continued COVID-19 restrictions and other challenges in the local and global environment, the Planning Institute of Jamaica (PIOJ) reported 4.4 per cent growth for the economy between January to December of last year relative to the previous year. The entity, in presenting the preliminary estimates at a quarterly briefing
