Data from the Bank of Jamaica's foreign exchange trading summary has revealed that local commercial banks are applying up to 5.6 per cent mark-up on the trade of foreign currencies, causing fresh anger among members of the Jamaica Manufacturers and Exporters Association (JMEA). In fact, a press release from the
TUESDAY'S 7.3-magnitude earthquake that rocked Venezuela and which was also felt in Trinidad, Grenada and Barbados is a wake-up call for Jamaica and the Caribbean. "The earthquake is another reminder of the need for Caribbean states to develop resilience in order to cope with all credible extreme events, including seismic
WESTERN BUREAU: Tourism Minister Edmund Bartlett says that the strong 7.3 earthquake that rocked Venezuela and several Caribbean countries on Tuesday has driven home the urgent need to establish a global resilience centre in the region to mitigate against seismic and other climate events. "The recent earthquake in our
Some 226 workers lost their jobs as a result of yesterday's closure of J. Wray & Nephew Limited's operations at its Holland Estate and Casa Marantha in St Elizabeth, a decision the company said was a result of ongoing economic losses caused by the combined effect of escalating operational costs
The national murder rate is down 18 per cent when compared to the corresponding period of January 1 to August 18 last year, according to information from the latest Jamaica Constabulary Force (JCF) Periodic Crime Statistics Review. It shows that there have been 175 fewer murders for the period, with
ADDIS ABABA, Ethiopia (AFP) — Ethiopia on Sunday inaugurated a power plant which converts waste into energy, next to a filthy, open-air dump in Addis Ababa where a landslide last year killed more than 110 people. Named Reppie, the facility is the first of its kind in Africa, according to
PORT OF SPAIN, Trinidad (CMC) — Seismologist at the University of the West Indies’ Seismic Research Centre (SRC) Dr Joan Latchman has cautioned residents of the region that aftershocks from Tuesday evening’s strong earthquake in eastern Venezuela can be expected for days to come. . Another earthquake is also possible,
The Jamaica Stock Exchange (JSE) has selected Toronto-based fintech company Blockstation to explore the possibility of offering cryptocurrency trading on the local platform. Consequently, the JSE based in Kingston has signed a memorandum of understanding with the Canadian company, paving the way for further collaboration. JSE Managing Director Marlene Street
Venezuela was this afternoon hit by a magnitude 7.0 earthquake which has affected the northern part of the country. The quake, which occurred around 4:30, had originally measured 6.7 but was later upgraded to 7.0 by the United States Geological Survey. BREAKING NEWS: Major 7.0 magnitude earthquake hits Venezuela. Caribbean
Sagicor Real Estate X Fund Limited reported a slippage in net profit by two per cent at half-year quarter ending June, relative to last year. But CEO Brenda-Lee Martin says the company expected improved results going forward, arising from the Playa deal that was concluded in June. The company has
