The Jamaica Business Development Corporation (JBDC), through an upcoming $10-million (US$72,000) project, is seeking to move the needle forward for cultural and creative industries (CCIs) with hopes to have a more coordinated and strengthened position for players in the local ecosystem. The project, titled 'UNESCO JAM NSS CCI — Economic
Microsoft is cutting 10,000 workers, almost five per cent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The comphttps://jamaica-gleaner.com/article/business/20230119/job-cuts-tech-sector-spread-microsoft-lays-10000#.Y88KDxpquuc.mailtoany said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities”. The Redmond, Washington-based software giant said
Growing evidence that high inflation is finally easing shows that the United States Federal Reserve’s sharp interest rate hikes are working as intended, says Loretta Mester, a key Fed policymaker. But further rate hikes are still needed, she says, to decisively crush the worst inflation bout in four decades. “We’re
Finance Minister Dr Nigel Clarke today disclosed that Jamaica has sought assistance from the United States' Federal Bureau of Investigation (FBI) and other international partners to assist with the probe of the alleged multimillion-dollar fraud at investment first Stocks and Securities Limited (SSL). More than 40 investors, including a company linked
The Government has appointed a new board at the Financial Services Commission (FSC) amid criticism being faced by the body regarding its oversight duties. This comes amid the massive fraud uncovered at investment firm Stocks and Securities Limited (SSL). Finance Minister Dr Nigel Clarke today disclosed that the commission will
HE Financial Services Commission (FSC) is seeking to assure the public that fraudulent events at Stocks and Securities Limited (SSL) are not an indication that the securities dealers industry in Jamaica is no longer safe for people to invest, but added that certain regulated changes may have to be made
THE Jamaica Securities Dealers Association (JSDA) says it is preparing to learn from the issues which led to the multi-billion-dollar fraud at Stocks and Securities Limited (SSL), saying the incident is "very unfortunate and doesn't reflect the industry on a whole". The association added that its members are keen to
Caribbean countries averaged growth of 10.3 per cent last year, compared to 4.5 per cent in 2021, the Caribbean Development Bank reported on Wednesday. Its forecast for this year is growth of 5.7 per cent. CDB Vice-President of Operations Isaac Solomon said at the bank’s annual news conference that regional
The Jamaica Constabulary Force (JCF) has been equipped with 750 handsets and 750 printers to boost its capacity and efficiency to handle road traffic offences. The Traffic Ticket Management System (TTMS), or e-ticketing portal, was piloted last year between January and March. In his remarks, Commissioner of Police Major General
Dealing with teenage girls who are ignorant about their menstrual cycle, such as when it is likely to occur and how to cope with it, is almost an everyday occurrence for school nurse Jessica Leslie, who works at Kingston High School on King Street, Kingston. She shared with The Gleaner
