In Parliament this week, newly appointed Minister Fayval Williams caused a stir when she revealed that Petrojam has lost almost US$100 million in value between 2006 and 2018. Williams reported that the same firm that had valued Petrojam in 2006 for US$126 to US$128 million, using the income approach, applied

On February 14th, Minister of Finance and the Public Service, Dr Nigel Clarke tabled the 2019/20 Fiscal Year budget. He revealed that the Government of Jamaica (GOJ) budget was $803 billion, with just over $731 billion allocated for what Jamaica Information Service (JIS) has called Recurrent (housekeeping) expenses and $72

KINGSTON, Jamaica — Bank of Jamaica (BoJ) Governor, Brian Wynter, says the country's macroeconomic prospects “remain positive as the indicators and outputs continue to show signs of recovery. “Foreign reserves are above the level deemed adequate and the current account deficit remains low and sustainable. Additionally, market interest rates are

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 mining and quarrying industry contributed the lion’s share of the 1.7 per cent expansion in the Jamaican economy during the quarter ending December 2018, growing by nearly 23 per cent as a result of increased capacity utilisation at two of the country’s three alumina refineries. The capacity utilisation rate

THE country's total central government debt stock increased by $2.3 billion between the end of March, 2018 and the end of December, 2018, according to the Fiscal Policy Paper (FPP) tabled in the House of Representatives on Thursday. According to the FPP, the stock of central government debt at the

PART-time lecturer at the University of Technology, Jamaica Lloyd Wint has made an appeal for the minimum 20 per cent issue of shares to the public to be raised to 30 per cent for companies looking to list on the junior market of the Jamaica Stock exchange. His appeal follows

Texaco Jamaica has hit its centenary, but has not lost its vigour. The petroleum marketing company whose top spot in the gas retail market is under threat from acquisitive French rival Total Jamaica, says it has a plan to maintain its edge. GB Energy Jamaica-Texaco CEO Mauricio Pulido, speaking with

Dr Wayne Henry, director general of the Planning Institute of Jamaica, responds to questions from journalists after delivering a review of the October to December 2018 quarter on Wednesday. The Planning Institute of Jamaica (PIOJ) is projecting a 1.5 to 2.5 per cent growth in real gross domestic product (GDP)

The Jamaican economy experienced real gross domestic product (GDP) growth of 1.8 per cent for the 2018 calendar year, according to Dr Wayne Henry, director general of the Planning Institute of Jamaica (PIOJ). Speaking at a PIOJ quarterly press briefing today Henry said that this represents the sixth consecutive year