The Financial Services Commission (FSC) has proposed new guidelines for collective investment schemes (CIS) which cover unit trusts and mutual fund offerings in a bid to enhance regulatory oversight and better govern the $345-billion CIS industry.

THE pace of growth in the local economy slowed in the first half of this year to 2.9 per cent as the country completed the recovery from the pandemic-induced decline and settle down to lower rates of expansion.

China’s yuan dipped briefly to a 16-year low against the dollar on Thursday, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump.

The Chinese currency slid to CN¥7.32 to the dollar

Consumer prices rose by 1.1 per cent for the month of July, the Statistical Institute of Jamaica, Statin, has said.

It also emerged on Tuesday that a new director general is being sought for Statin, but the current head, Carol Coy,