China’s exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering. Customs data released Thursday showed imports slid 6.8 per cent to US$214.7 billion. Exports
Higher interest rates and recent wage spikes could adversely affect economic targets, said the chair of EPOC, even while asserting that the salary increase for the political director was overdue. “We have to pay close attention so that our growth targets are not impacted,” said Keith Duncan, chairman of the
ens. A 26 per cent or $30.7-billion increase in total government expenditure, largely driven by the recent public sector compensation exercise, stood among the key highlights of the fiscal performance review delivered by the Economic Programme Oversight Committee (EPOC) Thursday. Describing the undertaking as unprecedented and one "never seen in
BY DASHAN HENDRICKS Business content manager hendricksd@jamaicaobserver.com Jul 14, 2023 12:14 am 13 comments · Make a comment • Michael Lee-Chin said he is not happy with the lack of dividend payments from NCB • Lee-Chin vows to drive management to operate more efficiently when he returns as chairman next
Latest News Saharan dust to begin exit from Jamaica – Met Service Jul 15, 2023 8:10 am · Make a comment In this file photo, a section of New Kingston andouter communities are seen underthe Saharan dust.(Photo: Garfield Robinson) Jamaicans should expect a gradual reduction in hazy conditions after Saturday
ormer SBAJ president. Acting managing director of the Government-owned National Export-Import Bank of Jamaica (EXIM Bank) Errol Barnaby has assured micro, small, and medium enterprises (MSMEs) of its willingness to increase support for the sector this year. Guest speaker at a Biz-Social hosted by the Small Business Association of Jamaica
expectation that it will help drive up the price of the stock. • Companies seek to drive the value of their shares through stock splits or share buy-backs • However, the data show the desired outcome is uncertain • Jamaica Observer analysed three companies which did a stock split and
A US-based ganja research firm said Jamaica is missing out on investments in the sector because of how long it takes the Cannabis Licensing Authority (CLA) to issue licences for legitimate businesses. Medical research firm MMJ International Holdings (MMJ) said the cumbersome process has forced it to turn to Uruguay-based
Wages in the United Kingdom are rising at a record-high rate amid stubbornly high inflation, official figures showed on Tuesday, bolstering expectations that interest rates will increase again – to the worry of homeowners who are seeing their mortgage payments spike to levels not seen since the global financial crisis
WASHINGTON (AP) — The politics of inflation took a sharp turn Wednesday with a report showing consumer prices rose at the slowest pace since the early months of Joe Biden's presidency. Republicans have hammered Biden over the cost of groceries, gasoline, utilities and more, saying his $1.9 trillion pandemic relief
