Electricity in Jamaica is expensive. In fact, our electricity bills are among the highest in the Caribbean. High energy costs affect everyone. Businesses have to spend more money to operate, which can lead…
Author: infojamaica
Dennis Minott | A balanced ledger but an unbalanced society
Jamaica is now praised internationally for a fiscal achievement few indebted developing countries have managed. By the end of March, public debt had fallen to 65.6 per cent of GDP, still far below…
Raquel Seville and Keisha Bailey | Scotia’s Exit and the $54-Billion Question
Scotia Group Jamaica is leaving the Jamaica Stock Exchange while it is winning with record profits. The profit line is not the story. The story is capital, float, and where roughly $54 billion…
BSJ sees tenfold rise in modular home assessments
Several providers of modular homes are seeking approval of their building systems by the Bureau of Standards Jamaica (BSJ) in preparation for the post-Melissa rebuilding of western Jamaica. Manager of Testing and Industrial…
Silvera wins second JMEA term with data-led agenda for manufacturers
The Jamaica Manufacturers and Exporters Association (JMEA) plans to deepen industry data collection as part of a five-point agenda unveiled by President Kathryn Silvera after her re-election on Wednesday, building on efforts already…
United Oil presses Jamaica farm-out as Strait of Hormuz ‘closure’ reprices prospect
Offshore oil exploration firm United Oil & Gas Plc expects to secure a joint-venture partner by October, according to its full-year results published this week. The company cited the disruption to global oil…
WEEKLY DEVOTIONAL: The Secret Place
Psalm 91 has long been a source of comfort for God’s people during seasons of danger, uncertainty, and suffering. Although the author is not identified, the psalm reflects the covenant relationship between God and…
US stocks end mixed, weighed down by more losses for tech giants
Stocks wavered to a mixed close on Wall Street on Wednesday as technology stocks once again weighed down the market. Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower,…
Motor vehicle dealers and real estate developers emerge as top money laundering risk
Jamaica’s real estate developers and motor vehicle dealers have emerged as top money laundering risks, according to the Third National Risk Assessment (NRA) published by the Bank of Jamaica this month.
Digicel revenue dips to US$1.8 billion, but improvements result in rating upgrade
The revenue of Digicel Holdings slipped, but other metrics improved, contributing to a rating upgrade from Moody’s by one notch to B1 from B2. “The rating action incorporates Digicel’s ability to absorb external…