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Oil bill likely to continue driving current account

 Jamaica’s current account deficit which is currently running at 15 per cent of Gross Domestic Product (GDP), is likely to widen, despite the current fall in crude oil prices, as tourism and remittance flows fall below the governm

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Fiscal deficit lower than projected

The fiscal deficit, which measures the extent to which to government is spending more than it is earning from revenue grants, stood at $8.6 billion during the first quarter of the fiscal year, $4.1 billion less than the amount programme

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Cement price hike set to drive housing cost higher

The recently announced six per cent jump in the price of cement is likely to drive the cost of housing higher, in combination with the higher public and private sector mortgage rates, inflation and transportation costs.

These facto

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Government policy could scuttle $500m investment

The John Allen-led Newport Fersan Limited and its employees are currently facing a bleak future, given the government’s decision to import 25,000 tons of cheap fertiliser from Venezuela for six months without implementing the five per

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World Wise could leave more investors holding the bag

 The Noel Strachan-led World Wise Partners Limited could be the next informal financial scheme to fall, leaving investors holding a long but empty bag, following the demise of the Carlos Hill-controlled Cash Plus Group Limited and D

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World Wise could leave more investors holding the bag

 The Noel Strachan-led World Wise Partners Limited could be the next informal financial scheme to fall, leaving investors holding a long but empty bag, following the demise of the Carlos Hill-controlled Cash Plus Group Limited and D

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Investors give lukewarm reaction to GraceKennedy results

Investors gave a lukewarm response to the release of the GraceKennedy Group’s financial results for the six- month period ended June of this year.

The results indicated that the Douglas Orane-driven conglomerate generated net pro

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World Bank says LAC inflation to rise

Augusto de la Torre, the World Bank’s chief economist in Latin America and the Caribbean, says the inflation virus is likely to spread at an average rate of eight per cent in the region this year because of the galloping food and energ

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Banana ruling expected to bring more stress for Producers Group

Last week’s ruling by the European Union (EU) at Geneva trade talks, to reduce the duty on non-African, Caribbean and Pacific bananas from 176 euros per tonne, to148 euros per tonne in January of next year, is expected to drive the los

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Dollar climbs on the back of Lascelles/Angostura deal

 The Jamaica dollar, which has been under pressure for some time now, forcing the central bank to intervene heavily in the foreign exchange market, appreciated against all three major currencies on Tuesday, following the payment of

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