After several years of free ABM and point-of-sale transactions, customers of the VM Group will be charged these fees for the first time come October 1 when they conduct business with other financial institutions….
Category: Business & Economy
FTC asks Massy for remedial action after IGL acquisition
The acquisition of cooking gas supplier IGL has concentrated around 80 per cent of the market in the hands of Massy Group, enough to raise concerns about market dominance, but Jamaica’s Fair Trading…
PIOJ shaves top end of growth projections, but economic outlook positive
The Planning Institute of Jamaica, PIOJ, has reduced by one percentage point the upper end of growth projections for gross domestic product, the measure for economic output, for this fiscal year ending March…
Economy grows 2.9% in 6 months
THE pace of growth in the local economy slowed in the first half of this year to 2.9 per cent as the country completed the recovery from the pandemic-induced decline and settle down…
Everything Fresh doubles half-year profit
Everything Fresh Limited has seen its half-year profits for 2023 double and has credited the “strong results” to the continued growth in the tourism industry. However, its Bahamas operation saw a dip in…
Banks and dealers raise rates to new highs
THE Bank of Jamaica (BOJ) is not expected to change its key policy rate when the decision of its monetary policy committee (MPC) is announced later today, but consumers are already feeling the…
Stocks Round Up | MPC Caribbean, IronRock and SOS today’s top performers
The Jamaica Stock Exchange (JSE) Combined Index marginally lost ground on Thursday. The slow trading ended with an advance/decline ratio of 39/51. The JSE Combined Index declined by 522.55 points or 0.16 per…
Fed minutes: Too-high inflation still a threat, could require more rate hikes
Most US Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday….
Stocks Round Up | CAC 2000 today’s top advancer, Pan Jamaica leads decliners
The Jamaica Stock Exchange (JSE) Combined Index advanced marginally on Wednesday. The moderate trading ended with an advance/decline ratio of 39/44. The JSE Combined Index advanced by 692.52 points or 0.21 per cent…
Gas, diesel prices going up $4.50
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $4.50 to sell for $184.20 per…