Remittance flows inched up slightly in April, after suffering the first quarterly decline in eight quarters since the onset of the pandemic, according to new data from the Bank of Jamaica. Jamaica received the bulk of the US$271 million in net remittances, mainly from the United States, United
Published:Friday | June 10, 2022 | 12:08 AM PviousNext 2 It’s the inflation you’re not supposed to see. From toilet paper to yoghurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed ‘shrinkflation’, and it’s accelerating worldwide. In the United States, a
Businesses urged to take cybercrime seriously as threat grows 1 2 With reports of phishing and online scams on the rise, C&W Business Jamaica (CWBJ) is urging businesses to prioritise cybersecurity training for its staff as a means of fighting these threats. Director of Enterprise, Government, and IT Solutions Carol
Parts of South Florida were experiencing road flooding from heavy rain and wind Saturday as a storm system that battered Mexico moves across the state. Officials in Miami warned drivers about road conditions as many cars were stuck on flooded streets. “This is a dangerous and life-threatening situation. Traveling during
The Bank of Jamaica (BOJ) is projecting an increase in crude oil prices for the June 2022 quarter, underpinned by expectations that demand will continue to outpace supply, amid ongoing tensions between Russia and Ukraine, and the potential for additional sanctions to be placed on Russia. For the June and
Despite the continued supply chain disruptions and rising commodity prices, Lasco Manufacturing Limited (LASM) grew revenue by 15 per cent to $9.48 billion and achieved its highest net profit to date of $1.71 billion, which did not include any tax remissions. The company, which manufactures soy-based products and bottled drinks,
A swift jump in Treasury yields rattled Wall Street on Wednesday, pulling stocks broadly lower at the start of another month in what’s been a turbulent year for the market. The Standard & Poor's 500 index ended 0.7% lower after an early morning gain quickly gave way to choppy trading.
The Planning Institute of Jamaica, PIOJ, expects the Jamaican economy to continue expanding, but it has also cut the forecast for growth this fiscal year, citing global events. Instead of growth within a range of three to six per cent, the agency now projects that gross domestic product will expand
The Private Sector Organisation of Jamaica, PSOJ, is upping the ante in its ongoing broadside against the central bank’s aggressive monetary policy stance, citing what the umbrella business group says is a double whammy of rising interest rates scaring off investments, while also pushing up government debt. “There is a
BRIDGETOWN, Barbados, CMC – The Caribbean's response to disasters during this year's expected “above average” Atlantic hurricane season is being significantly enhanced with a humanitarian ship on standby in the region's waters, fully equipped to support countries impacted by weather events and other disasters. Executive Director of the Caribbean
