THE Bank of Jamaica (BOJ), in its latest Macroprudential Policy Report, published in February 2022, updated that as at end of month October 2021, households accounted for a high proportion — 18.0 per cent — of the outstanding loans offered by local deposit-taking institutions (DTIs), representing debt affected by delayed
PRESIDENT of the Caribbean Development Bank (CDB) Gene Leon is encouraging regional governments to bite the bullet and make investments in renewable energy for the long-term benefits of such undertakings. With Caribbean countries signing on to Conference of Parties agreements aimed at reducing global warming by 1.5 degrees above
THE Bank of Jamaica (BOJ) has come under more fire for its decision on Friday to announce higher interest rates for a fourth-consecutive time which has taken its key policy rate to the highest it has been in four and a half years. The central bank on Friday announced
Key Insurance has labelled its fourth quarter, the period between October and December 2021, as its best in seven years. For the period the company said it earned before tax profits of $237.64 million, outperforming its prior year profits by $687.10 million or 153 per cent. Net profit attributable to
THE Government's plan to spend more to “attract and retain” professionals needed to run the public bureaucracy has come in for scrutiny from the Private Sector Organisation of Jamaica (PSOJ). The PSOJ, in a release on Friday, in which it gave its thoughts about the $912-billion budget tabled earlier
The International Monetary Fund, IMF, on Tuesday predicted that Jamaica would register economic growth of 4.3 per cent this year, down from the projected growth of 4.7 per cent last year. It noted that while the Jamaican economy is rebounding, risks to its forecast remain significant. “Renewed COVID-19 waves in
PETROPOLIS, Brazil (AP) — The death toll from floods and landslides that swept down on the mountain city of Petropolis rose to at least 117 on Thursday and local officials said it could still rise sharply, with 116 more still unaccounted for. The Rio de Janeiro state government confirmed the
AMID continued COVID-19 restrictions and other challenges in the local and global environment, the Planning Institute of Jamaica (PIOJ) reported 4.4 per cent growth for the economy between January to December of last year relative to the previous year. The entity, in presenting the preliminary estimates at a quarterly briefing
THE JMMB Group's growth trajectory continued in earnest with the year to date results more than doubling, surpassing the previous financial year's performance. This positive performance for the combined three quarters ended December 2021 came about despite the lingering uncertainty and operational challenges brought on by the pandemic. The group
INFLATION reached a seven-and-a-half-year high in January, stoked by higher costs for “restaurants and accommodation services”, but leaving a headache for the Bank of Jamaica to deal with when its Monetary Policy Committee (MPC) meets on Friday. The Statistical Institute of Jamaica reported on Tuesday that inflation in January reached
