JAMAICA'S gross domestic product for the July to September 2018 quarter grew by 1.9 per cent, bolstered by significant improvement in the mining and quarrying industry, according to the Planning Institute of Jamaica. “Overall, the projected outturn for the July to September 2018 quarter largely reflected the positive impact of
The two operators of public passenger vehicles who were arrested this week after having amassed more than 1,500 traffic tickets, were fined and granted bail when they appeared in court on Wednesday. Karldon Hutchinson and Clayton Henderson each accumulated more than 700 tickets over several years. They were each fined
The Senate has postponed debate on the Road Traffic Bill. It was expected that the Bill would have been passed today (Friday) to clear the way for it to be signed into law this year. Speaking in the Senate Friday morning, Information Minister Ruel Reid, said the delay is to
Prime Minister Andrew Holness has said if the economy continues on the current growth trajectory, Jamaica can attain full employment. He explained that this means Jamaica would be in a position would have a job for every citizen who is able-bodied and can work. "We can get to the point
KINGSTON, Jamaica (CMC) — The Bank of Jamaica (B o J) says the inflation rate in the country is back on target, and that it had fallen below the four per cent to six per cent target between March and August this year. “However, the 12-month inflation at October 2018,
FINANCE Minister Dr Nigel Clarke yesterday said that the Government will revise the investment limits placed on pension funds, a move that will make more than $20 billion available for investment in venture capital, which the funds are currently restricted from doing. “When we move the limit from zero to
BRIDGETOWN, Barbados (CMC) — The Barbados Government today announced plans to provide a hefty reduction in corporation taxes for businesses and urged them to share the benefits with citizens. Prime Minister Mia Mottley told Parliament that her seven month old administration would reduce the corporation taxes from 25 to as
TRANSPORT Operators Development Sustainable Services (TODSS) yesterday put Minister of Transport Robert Montague and the Transport Authority on notice, signalling that taxi operators could continue to withdraw their services today if problems in the sector are not addressed soon. TODSS, in a news release yesterday, said that while it will
Seeking to quell market fears, chairman of Sagicor Real Estate X Fund, Richard Byles, said the billion-dollar loss reported in the September quarter was not an indictment of the company's performance, but rather reflected a dip in the price of Playa shares. The company acquired shares in the Mexican hotel
Yesterday, persons were left stranded at North Parade in downtown Kingston, after taxi operators protested for a second day, blocking sections of the island, upset about provisions in the new Road Traffic Act. Despite the chaos caused by taxi operators who protested yesterday for the second day across sections of
