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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

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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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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

Read More »

Forex market underpinnings sound – Keith Senior

Fears undermining stability in Jamaica ’s foreign currency market in October and November are misplaced, says JN Fund Managers head Keith Senior.

Between September and October the local currency lost approximately 5 per cent of i

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Forex market underpinnings sound – Keith Senior

Fears undermining stability in Jamaica ’s foreign currency market in October and November are misplaced, says JN Fund Managers head Keith Senior.

Between September and October the local currency lost approximately 5 per cent of i

Read More »

BOJ projects $9.6B jump in currency

Central bank governor, Derick Latibeaudiere and his team at the Bank of Jamaica (BoJ) are projecting a of $9.7 billion or 23 per cent jump in currency circulation to $50.6 billion in December 2008, when compared to the previous year. Cur

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BOJ projects $9.6B jump in currency

Central bank governor, Derick Latibeaudiere and his team at the Bank of Jamaica (BoJ) are projecting a of $9.7 billion or 23 per cent jump in currency circulation to $50.6 billion in December 2008, when compared to the previous year. Cur

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It’s mad to say Jamaica will not be affected — IMF boss

 Professor Dominique Strauss Kahn, the former French university professor and economy minister who is now the managing director of the International Monetary Fund (IMF), says one would be mad to suggests that Jamaica will not be aff

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It’s mad to say Jamaica will not be affected — IMF boss

 Professor Dominique Strauss Kahn, the former French university professor and economy minister who is now the managing director of the International Monetary Fund (IMF), says one would be mad to suggests that Jamaica will not be aff

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AIC pumps in more than it takes from Jamaica — Lee-Chin

Michael Lee-Chin, chairman of AIC Group Limited, parent company of the National Commercial Bank Group Limited (NCB), has conceded that NCB has been repatriating profits in recent times, but says that it has pumped in more than it has tak

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