The Bank of Jamaica, BOJ, late Tuesday announced its decision to again increase the policy interest rate, which is the rate offered to deposit-taking institutions on overnight placements with the central bank, by 50 basis points to 4.50 per cent per annum, effective March 30. It is the fifth rate
Finance Minister Dr. Nigel Clarke (centre) presides over the annual meeting of the Inter-American Development Bank (IDB) and IDB Investment Corporation (IDB Invest), in Washington, DC in the United States on Monday, March 28 following his election as chairman of the board of governors of the multilateral financing institution and
BANK OF JAMAICA REDUCES MONETARY ACCOMMODATION Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) by 50 basis points to 4.50 per cent per annum, effective 30 March 2022. The Bank also decided to continue
LONG before the novel coronavirus pandemic, sole proprietor of Goodwill Furnishings Durrant Pate understood the concept of pivoting. After a couple years of operating a wholesale in downtown Kingston, the journalist-turned-businessman, in 2017, decided to make his foray into furniture manufacturing. “The company is… a spin-off from a previous
FINANCE Minister Dr Nigel Clarke has been elected as chairman of the Board of Governors of Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) for 2022. Dr Clarke's nomination was announced by the governor for Paraguay, Oscar Llamosas Díaz, and seconded by the temporary alternate governor for Canada,
THE United States, one of the world's largest economies, seems set to accelerate movement towards the integration of digital assets as a means of providing financial services, including money and payments. Last week, United States Undersecretary for Domestic Finance Nellie Liang indicated that the US Treasury Department will be issuing
As we continue to explore topics on personal finance, we will explore more concepts related to equity and investments for the everyday investor. These should assist anyone in their investment journey. Dividends — A dividend is simply a company paying a share of its profits to its shareholders. An example
THE National Housing Trust (NHT) is indicating that the recent disclosure by the Government that private lenders will disburse funds on behalf of the trust relates to open market loans only. The clarification came from senior general manager, Construction and Development Division of the NHT, Donald Moore. The NHT
The Statistical Institute of Jamaica (Statin is reporting that there were no significant changes in the nation's poverty level between 2018 and 2019. Statin on Wednesday, March 23, shared the findings of the Jamaica Survey of Living Conditions (JSLC) for 2019, which had a sample size of 6,551 individuals from
AT least one analyst from the Caribbean office of the World Bank Group has given a thumbs up to the new scheme unveiled by the Government of Jamaica, under which it hopes to provide unemployment insurance. Assel Paju, World Bank communications specialist, told the Jamaica Observer that the establishment of
