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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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Offshore financial centres could become casualties of global meltdown

Jamaica’s plan to develop and market Kingston as an offshore financial centre may have a serious challenge in getting off the ground because of the impact of the current global meltdown, as well as America’s yawning budget and curren

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Debt climbing faster than output

 Data released by the Ministry of Finance and the Public Service indicate that the country’s debt is climbing faster than its output. The debt climbed at the rate of $4 billion per month for the period January to September of this

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Debt climbing faster than output

 Data released by the Ministry of Finance and the Public Service indicate that the country’s debt is climbing faster than its output. The debt climbed at the rate of $4 billion per month for the period January to September of this

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Central bank raises cash reserve ratios again

 Central Bank Governor Derick Latibeaudiere and his team raised the cash reserve from 11 cents per dollar to 13 cents per dollar of deposit in Jamaican dollars, while that for other currencies have been hiked from nine cents to 11 c

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Central bank raises cash reserve ratios again

 Central Bank Governor Derick Latibeaudiere and his team raised the cash reserve from 11 cents per dollar to 13 cents per dollar of deposit in Jamaican dollars, while that for other currencies have been hiked from nine cents to 11 c

Read More »

Offshore financial centres could become casualties of global meltdown

Jamaica’s plan to develop and market Kingston as an offshore financial centre may have a serious challenge in getting off the ground because of the impact of the current global meltdown, as well as America’s yawning budget and curren

Read More »

EXIM bank struggling with credit squeeze

The National Export-Import Bank (Exim) has been struggling to cope with the sudden reduction in credit cycles from 180 days to 40 days in some instances, as its overseas correspondent banks come under pressure.

Speaking in an inte

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EXIM bank struggling with credit squeeze

The National Export-Import Bank (Exim) has been struggling to cope with the sudden reduction in credit cycles from 180 days to 40 days in some instances, as its overseas correspondent banks come under pressure.

Speaking in an inte

Read More »

Agricultural sector wants $500m refinancing facility

 The agricultural sector wants at least $500 million to help farmers refinance its operations and maintain employment, as the credit squeeze tightens.

Speaking in an interview last week, Senator, Norman Grant, president of the

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