A Bank of Jamaica (BOJ) economist has proposed an early-warning tool designed to spot the warning signs of a financial crisis years before it hits, offering policymakers a chance to act preemptively. That’s…
Category: Business & Economy
AI increasing demand for human skills – PWC
As artificial intelligence (AI) continues to transform workplaces globally, Jamaican businesses are being urged to rethink how they develop talent and prepare for the evolving labour market. According to PricewaterhouseCoopers’ (PwC) 2026 AI…
Germany plans tax cuts, pension overhaul and new sick leave rules
German Chancellor Friedrich Merz and his government coalition partners presented a comprehensive reform package Thursday, with the goal of getting the country’s sluggish economy back on track.
Oil explorer raises £500,000 to fund Ja push
United Oil & Gas Plc has raised £500,000 (J$105 million) from two unnamed institutional shareholders to shore up its working capital as the London Stock Exchange (LSE)-listed oil explorer advances efforts to secure…
Francis Wade | The Fifth Rung: Why companies that win at innovation already know where they’re going
As a lead innovator in your company, you are committed to helping your C-suite become inspired by novel offerings. These can help secure a brighter future, but creating them is easier said than…
Petrojam absorbs US$156,000-a-day loss after gas unit shuts down in April
Jamaica’s sole oil refinery suffered an unexpected shutdown of its gasolene production unit in April, racking up an estimated US$3.6 million (J$550 million) in production losses over 23 days and triggering an emergency…
Largest insulin distributor in Jamaica posts gain on acquisition
Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…
New Fed Chair vows independence amid call for lower rates
New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks…
Understanding the different interest-rate types and why it matters
We hear them so often: nominal interest rates, real interest rate, add-on interest rates, effective interest rates, compound interest rates – each having its own meaning and implications for borrowers, lenders and investors….
J$8.9b in crypto flows through Jamaican banks over five years
Banks reported J$8.9 billion in cryptocurrency-related transactions flowing through the island over five years to 2025, even though no virtual asset service providers operate domestically.