Category: Business

‘Highly Irresponsible’ IMF Chief on Calls to Peg Local Currency to USD

Dr. Ramakrishnan says switching to a fixed exchange rate would require an entirely different system.

IMF Urges BOJ to Reduce Input In Forex Market.

The IMF makes the recommendation in its fifth review of Jamaica's performance under the Standby Arrangement, SBA.

Better Socioeconomic Environment Needed For Jamaicans Overseas to Return Home – Holness

He was delivering the keynote address at a Jamaica Chamber of Commerce of Atlanta function in Georgia in the United States, on the weekend.

Clarke Pushes Asset-based Financing for MSMEs

Minister of Finance, Dr. Nigel Clarke, says a team has been appointed to analyse the issue, to enable receivables to be a more mainstream product in our financial

King Says Pegging Exchange Rate to US Dollar A Risky Idea

He explains that in Jamaica's small economy, a single large transaction can have a big impact on the availability and price of US dollars nationally.

Shaw Looks to Create Ecosystem for MSMES To Thrive

He says MSMEs contribute significantly to the gross domestic product, GDP, of the country and the region.

BOJ Sells $US20M in Foreign Exchange Market

In a statement this afternoon, the central bank says the intervention aims to address temporary demand and supply imbalances in the local foreign exchange market.

Mitchell Calls for JMD to be Pegged to USD

Mr Mitchell says there's no confidence in the management of the exchange rate.

Police Recovers Body of Missing 8-year-old

Shante went missing from the Sterling Castle Heights community last Thursday.

Unemployment Drops to 8% – STATIN

According to the Statistical Institute of Jamaica, STATIN, Jamaica’s unemployment rate continues to decline. Director of STATIN, Carol Coy, says as of January 2019...