Construction of a modern warehouse constituting the first of a multiphase development of an industrial park by Port Authority of Jamaica is to begin by March at a cost of US$25.8 million ($3.2 billion). Vice-president for business development at the Port Authority, Edmond Marsh, said the warehouse is to be
The World Bank board today approved a US$15 million loan to improve access to finance for micro, small, and medium enterprises in Jamaica. Access to finance is one of the main bottlenecks for firms, and small and medium businesses play a key role for growth and employment, accounting for 90
WASHINGTON, DC, USA (CMC) — The International Monetary Fund (IMF) says economic prospects for the region are generally improving and modest growth is expected in 2018 and 2019. The IMF, in its Regional Economic Outlook Update for Latin America and the Caribbean, released on Thursday, said the positive outlook is
It would appear that lower interest rates on savings, the constriction of the repurchase agreement market, and the expansionary outlook for the local business converged last year to significantly expand the financing options available. At the Jamaica Stock Exchange (JSE) 13th Annual Regional Conference at Jamaica Pegasus this week, Steven
Director of the National Insurance Scheme, Portia Magnus. Are demands for the scalps of the Minister of national security and the commissioner of police due to the rising murder rate warranted? I doubt it. Even though many believe that a change in leadership is the right response to the crisis,
Dennis Cohen, Chief Financial Officier and Deputy CEO of NCB Financial Group. NCB Financial Group Limited defended its takeover bid for Guardian Holdings Limited, which has met with resistance from some minority GHL owners in Trinidad & Tobago. Jamaica's top banking group also reported to shareholders at its annual general
Recent exchange rate Movement There are several major factors, in isolation or in tandem, which can impact the state of the foreign exchange market, and therefore the exchange rate. These include: 1. The current account balance 2. Individual preferences of market participants 3. International market conditions 4. External shocks, and
Dr Suzanne Soares-Wynter (right), clinical nutritionist, Caribbean Institute for Health Research, University of the West Indies, has the attention of Deborah Chen (left), executive director of the Heart Foundation of Jamaica; Dr Andrene Chung (second right), consultant cardiologist, Heart Foundation; and Dr Tamu Davidson, director of the Non-Communicable Disease Unit
The country’s Net International Reserves (NIR) now stand at US$3.2 billion, putting the country in a better position to withstand external shocks. This was disclosed by Minister of Finance, Audley Shaw, during the 13th Jamaica Stock Exchange Investments and Capital Markets Conference yesterday. Shaw said approximately 80 per cent of the NIR
St Christopher's School for the Deaf Principal Donna Harris describing the problems being experienced by the school during yesterday's Jamaica Observer Monday Exchange. Beside her is Stacy-Ann Dockery, vice-principal at the school. (Photo: Naphtali Junior) IT now appears likely that St Christopher's School for the Deaf will not have to
