Remittances Up In February
Jamaica continues to benefit from increased remittance flows. Gross remittances for February 2014 were US$168 million, an increase of US$8.2 million or 5.1% relative to the corresponding period of 2013...
View ArticleJa’s Budget 2014 In A Nutshell
diGgers The National Budget for FY 2014/2015 was tabled last month in the House of Representatives by Finance Minister Dr Peter Phillips. Every year this is done around the same time but come next year...
View ArticleNet International Reserves Continues To Dip – May 2014
According to the latest available data from the Bank of Jamaica as at the end of May 2014, Jamaica’s Net International Reserves fell by 120 million US dollar to US$1,164.77 million, this was mainly...
View ArticleJamaican Dollar Continues To Slip – Byles Says Further 6% Needed, IMF Says Up...
June 30, 2014 , the last day of trading for the month, the Jamaican Dollar traded for an average selling rate of J$112.03. The decline represents a 13% depreciation in the selling rate since the...
View ArticleNet International Reserves Up – June 2014
According to the latest available data from the Bank of Jamaica as at the end of May 2014, Jamaica’s Net International Reserves increased by 211.36 million US dollar to US$1,376.13 million, this was...
View ArticleEconomy Update: Small Movement – Inflation June 2014
During the month of June 2014 there was an extremely low movement in the Consumer Price Index. The inflation rate for June was 0.1%, this is in comparison to May’s Consumer Price Index of 215.7. June...
View ArticleBusiness Update: Exchange Rate & Stock Market Report
Exchange Rate August 29, 2014, the last day of trading for the month, the US dollar traded for an average selling rate of J$112.74:US$1.00. For point-to point (Aug. 2013 to Aug. 2014) comparison, the...
View ArticleCentral Bank Reserves Slip By $60M
After two consecutive months of increase, the country’s Net International Reserves (NIR) fell by 3% or US$60 million from US$2,181.53 to US$2,121.49 at the end of August. The decline was mainly due to...
View ArticleEconomy Update – 1.8% Growth In Q2
The Statistical Institute of Jamaica (STATIN) is reporting that the Jamaican economy grew by 1.8 per cent in the second quarter of 2014, when compared to the similar quarter of 2013. This is the...
View ArticleNIR Climbs To 39-Month High
Net International Reserves at the end of September was US$2,200.57 million. September’s Reserves of US$2,200.57 million is the highest it has been since June 2011. At current exchange rates,this amount...
View ArticleEconomy Update: Why Is Inflation At A Record Low?
BOJ Governor, Brian Wynter, announced that the 12 month period ending July 2015 showed inflation at 3.8 percent, a 43 year low. What led to such comparatively low levels of inflation? Let’s take a...
View Article6 Things You Need To Know Today – September 25, 2015
Stay The Course – World Bank Representative Appeals To Next Elected Government To Maintain Economic Programme. World Bank Country Manager Galina Sotirova is urging whichever party emerges victorious in...
View Article5 Facts: Jamaica’s Ninth IMF Review
In September, the IMF completed its ninth review of the nation’s performance under the EFF agreement of 2013. The organization published a country report detailing the findings of this review. Read the...
View Article6 Things You Need To Know Today – October 28, 2015
Ferguson Defensive As Opposition MPs Fire Questions Over Dead-Babies Issue. Prime Minister Portia Simpson Miller has given the clearest indication yet that she has no intention of relieving Dr Fenton...
View Article6 Things You Need To Know Today – November 3, 2015
Private Sector Calls For Accountability Over Dead Babies. Two of the country’s leading private-sector organisations are demanding greater accountability for the tragic deaths of 19 premature babies,...
View ArticleIMF Update: Primary Surplus Target Lowered
Today in IMF news, Mission Chief Uma Ramakrishnan announced that Jamaica’s primary surplus target will be lowered to 7.25% this fiscal year, down from the previous target of 7.5%. For FY 2016/2017, the...
View ArticleEconomy Update: End of October 2015
Above, is the October instalment of our monthly Economy Updates. Noteworthy stories include the Main Index of the JSE showing continued growth and reports that unemployment is at a three year low....
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NIR – December 7, 2018
While everyone was tracking the arrival of Buju Banton’s plane, an important economic indicator was released by the Bank of Jamaica – the Net International Reserve number. As at the end November 2018,...
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Tourism Arrivals Gains Holding
New data released from the Jamaica Tourist Board revealed that Long Stay Arrivals were up 3.3% versus October 2017 to reach a new all-time high for the month of 162,552. That is considerable growth...
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Cooper’s Hill Primary Students Learn Innovative Agriculture Techniques
“Farming can be very creative,” said Aika Nakakomi, Japan International Cooperation Agency (JICA) volunteer, as she scooped up a handful of compost and sifted it in a plastic barrel cut vertically in...
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