Both the central bank of Jamaica and the International Monetary Fund (IMF) appear to be holding fast to the policy position of continued build-up of the net international reserves against future shocks.Jamaica's NIR has moved from US$496 million in March 1996 to US$2.65 billion as at Friday May 18, 2017.
Minister of Local Government and Community Development Desmond McKenzie says the damage caused by the heavy rainfall is a clear indication that the infrastructure network is inadequate to deal with such occurrences.He told JIS News that the unprecedented level of rainfall in some parishes was way beyond what was
Residents of Douglas Castle in St Ann have been forced to use rafts to traverse the flood-ravaged community. (Photo: Naphtali Junior) PRIME Minister Andrew Holness said yesterday that Government will revisit the budget to identify funds for infrastructural repairs following extensive rainfall on Tuesday which caused significant damage in
On Wednesday, May 10, the Insurance Industry CEOs turned out in their numbers at a function held at the Courtleigh Hotel to pay tribute to Richard Byles, who they credited with leading the way to the restoration of the prestige and financial viability of the Life Insurance sector in
GraceKennedy has exited its decade-old investment in Trident, a general insurer based in Barbados, and is reporting a gain from the sale of its 30 per cent stake in a deal finalised on Monday. The conglomerate sold its share in Trident for $56 million or just over BBd$800,000 to
Executive Director of the National Road Safety Council, Mrs. Paula Fletcher, addresses JIS ‘Think Tank’ on May 9. (Photo: JIS) KINGSTON, Jamaica (JIS) — Drivers are being asked to reduce their speed on the roads to 30 kilometres per hour on Thursday and Friday, May 11 and 12.The two
KINGSTON, Jamaica (JIS) – The government is reporting that the Net International Reserves (NIR) are at the highest they have ever been at US$2.849 billion, since 2002.State Minister for Finance and the Public Service, Fayval Williams, made the disclosure during her contribution to the 2017/18 Sectoral Debate in the
DEATH OF INSURANCE INDUSTRY PROFESSIONAL – DA TONY WILLIAMSON D.A. Tony Williamson died May 8, 2017. He had been ailing for some time with pancreatic cancer. He was well known throughout the English Speaking Caribbean, The UK and the USA as a motivational speaker. He is the author of
The IAJ News Bulletin for the period January to March 2017 contains several items of interest and importance. NEWS BULLETIN JANUARY TO MARCH 2017 ADJUSTED MAY 5
A Jamaica Observer file photo of an accident on the Dyke Road in Portmore, St Catherine. Several accidents on Jamaica's roads have been blamed on speeding. The Pan American Health Organization has called speed limits in the region to be accompanied by strict enforcement. WASHINGTON, DC, USA (CMC) —
