On Friday, 15 January 2021, the Statistical Institute of Jamaica (STATIN) published its bulletin for the Consumer Price Index for December 2020. In this report, it was noted that, for calendar year 2020, the inflation rate was 6.4 per cent. The same release by STATIN also noted that the point-to-point
Traffic on Highway 2000 East West, which runs from Kingston to May Pen, dipped by 15 per cent, or 3.6 million vehicles, due to the dampening effects of the pandemic on travel and the economy. Highway operator TransJamaican Highway Limited tolled 20.6 million vehicles during the year, down from 24.2
LONDON, England (AP) — Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3 per cent in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo yesterday but advanced in Hong Kong, Paris and Shanghai.
EVEN though the World Bank predicted global remittances would fall by 22 per cent, with the Latin America and Caribbean region expected to record a 19.3 per cent drop, Jamaica has defied this fate as remittance inflows grew by 25 per cent to US $1.53 billion ($221.1 billion) and net
Though the usual fanfare associated with the Sagicor Sigma Corporate Run might be scaled down due to the COVID-19 pandemic, which has forced organisers to take the virtual route, a selected few will be fortunate enough to participate in an invitational run. Having showed its creative arm with numerous innovations
WASHINGTON, DC, United States (CMC) — The Inter-American Development Bank (IDB) says it has collaborated with its innovation-focused IDB Lab, PepsiCo, and the PepsiCo Foundation in signing a new memorandum of understanding, extending their public-private partnership until 2026 to carry out programmes that will drive social and economic growth
Students across the island who face challenges with virtual learning amid the novel coronavirus pandemic will be beneficiaries of the 23rd Sagicor Sigma Corporate Run this year through the 'Get Back on Track' initiative. Speaking at the Jamaica Observer Monday Exchange yesterday, Sagicor President and CEO Chris Zacca said
Sandals Resorts International (SRI) yesterday announced Adam Stewart's appointment as executive chairman of the company built by his father, Gordon “Butch” Stewart, the tourism industry icon who passed away on January 4, 2021. The younger Stewart is now the second chairman in the company's 40-year history and takes up the
KINGSTON, Jamaica — Minister of Finance and the Public Service, Dr Nigel Clarke, is expected to table the third supplementary estimates for 2020/21 tomorrow, when the House of Representatives resumes sitting. The 2020/21 Budget (estimates of expenditure) was approved in February 2020, with expenditures set at $853.5 billion. However, by
On Monday, January 11, the Jamaica Stock Exchange (JSE) launched its Private Market platform. Since then many individuals have been asking about this new initiative by the JSE. m. The Jamaica Observer's Business Report sought and quickly received a reply from the JSE to its questions about this new
