A CNN report on Tuesday asserts that Russia is already paying the price for its action in the Ukraine. The report highlights that Russian stocks plunged and the ruble slid closer to a record low on Tuesday as investors reacted to the decision by Vladimir Putin, Russia's president, to order
BANK of Jamaica (BOJ) Governor Richard Byles is seeking to calm fears about the recent slide in the Jamaican dollar, highlighting that the depreciation so far this year is much slower than the comparative period last year. Pointing out that as at February 16, the exchange rate was J$157.42 to
EVEN as the Jamaican construction industry enjoys a boom, real estate developers and financiers are concerned that this demand and supply of properties could soon wane as inflation and global supply chain challenges drive up input cost. With this in mind, some stakeholders are taking a cautious approach to
Real estate and infrastructural development financier MoneyMasters Limited has called for g overnment to pump greater levels of investment in the development of public infrastructure across the island, which it says could help to drive increased economic activities across cities. President of MoneyMasters Claudette Crooks, speaking at a quarterly investment
JAMAICA continues to do fairly well in getting foreign investors to set up shop in the island. According to the 2021 Investment Climate Statements, Jamaica received US$665 million in foreign direct investment (FDI) in 2019 (latest available data), a US$110-million drop over the previous year. Despite the decline, data from
Agro-Invest Corporation has commissioned lands in the New Pen Agricultural Zone, St Mary, for the cultivation of Irish potatoes. Present for the commissioning of the lands on Tuesday, February 16, 2022 were Minister of Agriculture and Fisheries Pearnel Charles Jr, minister of state in the agriculture ministry Frank Witter,
THE Bank of Jamaica (BOJ) is facing a barage of criticisms on Twitter about the decision to name the central bank digital currency (CBDC), JAM-DEX. The BOJ revealed the name just over a week ago, citing that JAM-DEX is the shortened version for the Jamaican Digital Exchange with the slogan
JAMAICANS are being told to brace for the current inflation spike to last longer than first anticipated and be sharper than already recorded, if the conflict in Eastern Europe is protracted. After weeks of warning that Russia is intending to invade its neighbour Ukraine, the Vladimir Putin-led country sent troops
Near doubling its market share within the last year, Future Energy Source Company Limited (Fesco), in an outlook for continued growth, said it is seeking to expand its fleet of service stations across the island by early next year. “What we envision is that within the next 15-18 months, we
THE return of nearly 500,000 primary and high school students to school in the near term is expected to restart engines in the manufacturing sector which have been idling for the last two years since the education sector closed down and then reduced face-to-face encounters due to COVID-19. Among companies
