THE latest Bank of Jamaica (BOJ) data show a continuous rise in Jamaica's net remittances. The data for October 2020, which was released last week, showed that net remittance inflows for the month accumulated to US$252.2 million, which was an increase of 36.9 per cent or US$67.9 million relative to
The Jamaica National (JN) Group is deepening its investment in, and deployment of, technology to improve services to its members and employees, while increase operational efficiency. In the past year the JN Group has been deploying additional Smart ATMs and implementing a queue management system to manage inflows and
KINGSTON, Jamaica — More than 99.1 million coronavirus infections have been confirmed worldwide, with over 2.1 million people across 196 countries and territories having died and over 60.1 million having recovered from the virus. Many countries have re-imposed restrictions on movement and social gatherings. Meanwhile, some countries are moving to
US stocks rallied to records on Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy. The S&P 500 was 1.3 per cent higher at 3,848 points in early afternoon trading, topping its record closing level of 3,824.68 set
The country's unemployment rate increased by 3.5 percentage points between October 2019 and October 2020 to leave 10.7 per cent of Jamaica's labour force unemployed. The number were released yesterday by the Statistical Institute of Jamaica (STATIN) which further noted that the labour force declined by 51,500 or 3.8 per
For 23 years Sagicor Jamaica has made the tough decision of who, among the country's needy, will benefit from funds raised through its hugely popular Sigma Run. The company's strategy has been to focus on those with the greatest need while ensuring that beneficiaries are spread all across Jamaica. “In
On Friday, 15 January 2021, the Statistical Institute of Jamaica (STATIN) published its bulletin for the Consumer Price Index for December 2020. In this report, it was noted that, for calendar year 2020, the inflation rate was 6.4 per cent. The same release by STATIN also noted that the point-to-point
Traffic on Highway 2000 East West, which runs from Kingston to May Pen, dipped by 15 per cent, or 3.6 million vehicles, due to the dampening effects of the pandemic on travel and the economy. Highway operator TransJamaican Highway Limited tolled 20.6 million vehicles during the year, down from 24.2
LONDON, England (AP) — Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3 per cent in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo yesterday but advanced in Hong Kong, Paris and Shanghai.
EVEN though the World Bank predicted global remittances would fall by 22 per cent, with the Latin America and Caribbean region expected to record a 19.3 per cent drop, Jamaica has defied this fate as remittance inflows grew by 25 per cent to US $1.53 billion ($221.1 billion) and net
