Business

I trust you are in a position to give me much-needed high-quality advice on how to invest in the local economy, with specific regard to the equities market. I currently have a small USdollar foreign-exchange account at one of our local money market brokerage institutions. This account was established over six years ago and the current balance is around $8,000...

Despite the challenges in the agricultural sector, there is still a ray of hope for Jamaican farmers. This, as the ministry steps up its initiative to increase onion production to satisfy local demand of approximately 12,000 tonnes annually, and cut the US$4 million spent yearly to import the crop, to US$2 million, by 2013.

Scotia Group Jamaica Limited reported profit of J$7.687 billion in the nine-month period ending July 31, a decline of 11 per cent from J$8.6 billion in the comparative 2009 period, much of which the bank blamed on the debt-exchange programme....

The Bank of Jamaica (BOJ) advanced an additional half a billion dollars to the Government of Jamaica in a two-week span, sending the central bank deeper into the red at August 11.Its losses were disclosed at J$10.2 billion...

The central bank has reduced the interest rate on its sole open-market instrument by 50 basis points. Effective August 26, the coupon rate on the 30-day certificate of deposit is 8.0 per cent, down from 8.5 per cent which was set by the Bank of Jamaica...

The Jamaican economy continued to contract into the second quarter, with the Planning Institute of Jamaica (PIOJ) reporting an even more dismal performance of the real sector in the April-June period when output in all sectors...

Executives who worked with indicted financier R. Allen Stanford were aware of problems at his now defunct Caribbean bank, including fabricated investment reports and that Stanford secretly used money from investors to fund loans to himself...

Discussion of the firing of Students' Loan Bureau (SLB) chief executive officer (CEO) struck a chord.Readers' comments all support the minister's action.

Former prime Minister Owen Arthur is calling on the private and public sectors, as well as the labour movement, to help produce a new economic plan for Bar-bados, saying the mid-term programme crafted by the...

Both external and domestic air traffic are yet to return to levels of aircraft usage and landings maintained by Air Jamaica in its heyday, according to local airspace regulator Lieutenant Colonel Oscar Derby, who says room for growth is to be found...

Diageo PLC, parent company to Red Stripe Jamaica and the world's biggest spirits maker, said Thursday that its full-year profit rose 1.5 per cent as sales in emerging markets fuelled a rebound from a weak first half.For the year ending June 30, the...