KINGSTON, Jamaica (CMC) – Jamaica's trade deficit with the Caribbean Community (CARICOM) increased to US$351.2 million during the period January to October last year, according to the figures released by the Statistical Institute of Jamaica (Statin). In its International Merchandise Trade (IMT) Statistical Bulletin, Statin said that the 2018 figure

T he demand for Jamaican notes and coins reached an 11-year high in December 2018, blowing out the Bank of Jamaica's (BOJ) projection of an $18.1 billion increase in demand for the local currency during the festive season. As at 31 December 2018, the country's currency stock amounted to $133.5

Minister of Culture, Gender, Entertainment and Sport Olivia Grange (left) in conversation with Counsellor for Economic and Commercial Affairs at the Embassy of the People's Republic of China Fan Jianghong at a news conference held at the Jamaica Pegasus hotel in Kingston on January 2. (Photo: JIS) THE economic and

During the last six days of December 2018, the Bank of Jamaica (BOJ) recorded net currency issue of $5.45 billion to financial institutions, substantially above its projection. The currency issue for the week contributed to an overall growth of $23.6 billion or 21.4 per cent in the currency stock for

The local currency deposits into the financial institutions are approximately $933 billion. Out of that amount, the leading commercial banks, National Commercial Bank and Scotiabank Jamaica Limited, account for over $500 billion. The typical Jamaican worker lodges his/her money into a regular savings account, paying between 0.6 per cent to

SANTIAGO, Chile (CMC) — The Economic Commission for Latin America and the Caribbean (ECLAC) is predicting that Caribbean economies will grow 2.1 per cent in 2019 even as it acknowledged an international scenario marked by what it describes as “greater uncertainty”. ECLAC also projected that the region will end 2018

National Commercial Bank Jamaica Ltd (NCBJ) yesterday sold its remaining shares in JMMB Group Ltd. The sale of 326,277,325 shares yielded proceeds in excess of $9 billion for NCBJ, which is a subsidiary of the NCB Financial Group. The transaction means NCBJ no longer holds equity interest in JMMB and

KINGSTON, Jamaica (CMC) — The Head of the Cyber Incidence Response Team (CIRT) Dr Moniphia Hewling, is urging Jamaicans to be extra careful in protecting their personal and financial information during this festive season. She said that, generally, during this time of the year there is an increase in cybercrime