THE Bank of Jamaica (BOJ) said it is concerned about the potential destabilising effects of a tight labour market on its efforts to combat inflation, especially if wage increases being negotiated by various…
Category: Business & Economy
‘I am impatient’
BANK of Jamaica Governor Richard Byles has expressed disappointment with the level of take-up of its Jam-Dex central bank digital currency so far, saying he is “impatient” to get the project on the…
Higher rates drag construction sector
THE once-booming construction sector declined for a fifth-consecutive quarter between April and June of this year, with industry players citing rising interest rates implemented to fight inflation as the chief reason for the…
What next for iCreate shareholders as JSE suspends trading in the wake of breaches?
SHAREHOLDERS of iCreate Limited are pondering their next move following the company’s suspension from trading on the Jamaica Stock Exchange (JSE) on Monday, less than a week after a director sold shares in…
Pan Jamaica merger results in upsized assets of $127b
A more diversified Pan Jamaica Group Limited grew its earnings by one-fifth in the June quarter, due to its absorption of the food and logistics operations of Jamaica Producers Group. Shareholder profit rose…
BOJ anxious about tight jobs market, urges wage restraint
In the face of a tight labour market, the Bank of Jamaica, BOJ, is wary of the potential effect on prices. Specifically, BOJ Governor Richard Byles is hoping that companies won’t resort to…
Young Scholars Educational Ltd driving digital transformation
Young Scholars Educational Ltd is on a mission to bridge the digital divide in the world of robotics and coding for Jamaican youths. Seventy students from Kingston, Manchester, Clarendon and Montego Bay participated…
Caribbean threatened as Florida coral reefs stressed by bleaching
The coral reef off southeast Florida in the United States is experiencing an unprecedented and potentially deadly level of bleaching this summer because of rising ocean temperatures caused by climate change, federal scientists…
iCreate shares suspended
Shares in technology company iCreate Limited cannot be traded at this time. This as the Jamaica Stock Exchange (JSE) has taken the decision to immediately suspend trading in the company pending the submission…
‘Material success’
THE Bank of Jamaica (BOJ) Friday said it will keep its key policy rate unchanged following a unanimous vote on the decision by its rate-setting monetary policy committee (MPC), citing it has been…
