A total of $34 billion (approximately US$265 million) was raised over the last four years from equity fund investments facilitated under the Jamaica Venture Capital Programme (JVCP). The JVCP was established by the Development Bank of Jamaica (DBJ) in 2013 to provide micro, small and medium-sized enterprises with access to
THE Government has initiated steps to tap into nearly $50 billion in dormant bank accounts, which are being sought to provide low-interest financing to micro, small and medium-sized enterprises (MSMEs). Industry, Commerce, Agriculture and Fisheries Minister Audley Shaw says a consultancy group has been contracted and tasked with the
Amid concerns about the high number of uninsured motor vehicles on Jamaica's roads, the Public Safety and Traffic Enforcement Branch (PSTEB) says the police will be intensifying the clampdown. Assistant Commissioner of Police Calvin Allen told RJR News that there has been a zero tolerance approach to the problem. "In fact, I
The Guardian Group Foundation recently handed over $8.2m in equipment to the St Ann’s Bay and Cornwall Regional hospitals. The Cornwall Regional Hospital received eight stretchers and five patient monitors valued at $4.5m. Pictured here are Oneil Brooks (third right), senior branch manager, Guardian Life Limited, Montego Bay, observes some
KINGSTON, Jamaica — The Government is to place major focus on the development of an electric motor vehicle policy, which will create an enabling environment for the use of the technology in the public transportation space. Electric vehicles are believed to be significantly cleaner and safer for the environment than
Philip Armstrong, one of the more senior members of the Sagicor Group executive team, will leave the insurance conglomerate at the end of May, according to a market filing on Tuesday. His departure, set for May 24, comes amid what seems to be a management shuffle at Sagicor Group as
The Statistical Institute of Jamaica (STATIN) is reporting that the country's trade deficit for 2018 amounted to $4.2 billion. That was a 1.8 per cent increase over 2017. STATIN says expenditure on imports amounted to $6 billion which was 10.7 per cent higher than the similar period in 2017. Revenue
1:23 pm, Wed February 27, 2019 Government pensioners are scheduled to receive an increase in the upcoming financial year, following approval by Cabinet. Information Minister Ruel Reid made the announcement Wednesday morning at the Post-Cabinet Press Briefing. He did not outline the level of increase, saying only that the details
The Bank of Jamaica, BOJ, will be reducing the cash reserves that deposit-taking institutions are required to hold against their prescribed liabilities by three percentage points to nine per cent, effective March 1. The move is being made as part of the effort to improve the institutions’ ability to provide
The International Merchandise Trade (IMT) presents the value of goods entering and leaving Jamaica. The Jan-Dec 2018 Interna>onal Merchandise Trade Bulle>n outlines addi>onal informa>on and may be obtained from the Sta>s>cal Ins>tute of Jamaica’s ?ebsite at ???.sta>n@a.gov.@m or from the Ins>tute’s Library at 7 Cecelio Avenue, Aingston 10.International Merchandise
