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Remittance inflows, a general indicator of economic conditions and purchasing power, fell in the period January to May this year, sparking from the Bank of Jamaica, BOJ, which tracks the flows, an explanation that points away from a worsening of this economic indicator. Rather than reading the signal as a
The JN Foundation will host its inaugural Young Investors’ summer camp for young people between 12 and 17 years old, as it aims to tap into their growing interest in investing. The camp is scheduled for July 20 to 22 under the theme ‘Building the Young Investor’ and will be
July 18, 2022 Jamaica’s decision in July 2021, to pursue Catastrophe Bonds as a way to reduce the impact that severe natural disasters can have on the national budget, has been hailed as a prudent way to protect the economies of middle-income countries and small island developing states (SIDS).
Senior executives of the country’s monopoly power distributor have downplayed potential earnings from the installation of electric-vehicle charging stations across Jamaica, noting instead that it is a “bullish” investment to bring down the cost of electricity. Already, the Jamaica Public Service Company (JPS) has installed eight of 10 committed charging
Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? Their choice is probably not about whether to cut streaming services or opt for store-brand groceries. Instead, they may have to pick between buying enough food
POVERTY in the Greater Kingston Metropolitan Area (GKMA), which covers Kingston, Portmore and Spanish Town, has seen a significant fall-off in one year, according to data in the Economic and Social Survey of Jamaica (ESSJ) 2021. The ESSJ 2021, which contains data for 2019, shows that the GKMA was the
The Caribbean, largely made up of small island developing states (SIDS), could soon benefit from regional disaster risk financing, when a catastrophe bond now being designed to service the collective need of countries becomes available. Following a tenfold increase in natural disasters since 1960, worsened by climate change which has
HE International Monetary Fund (IMF) has warned the Federal Reserve (the Fed) — the US central bank — to avoid "misjudging the policy mix" it is using to calibrate the response to runaway inflation, because of the "sizeable costs at home and negative spillovers to the global economy". The US
THE Statistical Institute of Jamaica (Statin) is reporting that the largest increase in employment by occupation group in April 2022 was recorded for 'Service Workers and Shop and Market Sales Workers', which climbed by 18,500 workers to 283,900. This represents a seven percentage point increase, according to the Statistical Institute
