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Layoffs loom in the public sector

 The country’s over 90,000 public sector workers, particularly the over 40,000 civil servants, face jobs losses because of the impact of the global financial and economic meltdown on the economy, as well as on government revenue.

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January implementation for National Export Strategy

Jamaica’s National Export Strategy (NES) is slated to move into high gear this month, with the implementation phase which is aimed at providing exporters with various forms of support to help them to maximise their potential and compet

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January implementation for National Export Strategy

Jamaica’s National Export Strategy (NES) is slated to move into high gear this month, with the implementation phase which is aimed at providing exporters with various forms of support to help them to maximise their potential and compet

Read More »

High interest rates will drive investors from equities market

 Marlene Street-Forest, general manager of the Jamaica Stock Exchange (JSE), says that the current high interest rate regime due to the heavy government borrowing, will continue to drive investors from the equities market into the f

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High interest rates will drive investors from equities market

 Marlene Street-Forest, general manager of the Jamaica Stock Exchange (JSE), says that the current high interest rate regime due to the heavy government borrowing, will continue to drive investors from the equities market into the f

Read More »

GDP now 15% higher after revision of national a/c system

The country’s Gross Domestic Product (GDP) is now 15 per cent higher because of a revision, by the Statistical Institute of Jamaica (Statin) last year, of the system used to measure it. The GDP is the broadest measure of domestic econo

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Gov’t to miss fiscal target

The fiscal deficit was running at $43.22 billion as at the end of the period April to November last year.  This amount was $976.70 million more than the $42.24 billion projected for by finance and public service minister, Audley Sha

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Gov’t to miss fiscal target

The fiscal deficit was running at $43.22 billion as at the end of the period April to November last year.  This amount was $976.70 million more than the $42.24 billion projected for by finance and public service minister, Audley Sha

Read More »

FirstCaribbean appoints a new managing director for Jamaica

 FirstCaribbean International Bank has announced the appointment of Clovis Metcalfe, a 35-year veteran of the bank, to the post of managing director in Jamaica. Metcalfe replaces current managing director, Milton Brady, who has been

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FirstCaribbean appoints a new managing director for Jamaica

 FirstCaribbean International Bank has announced the appointment of Clovis Metcalfe, a 35-year veteran of the bank, to the post of managing director in Jamaica. Metcalfe replaces current managing director, Milton Brady, who has been

Read More »