THE Bank of Jamaica (BOJ) said it issued $11.5-billion worth of the new polymer banknotes on Thursday, the first day the new notes were distributed to the public. The new notes that are…
Category: Business & Economy
Inflation increases to 6.1% in May
The Statistical Institute of Jamaica (STATIN) has reported that inflation for May was 6.1 per cent following a 0.6 per cent increase. STATIN said the upward movement was influenced mainly by increases in…
NCBFG assures of company’s stability following Lee-Chin’s share sale
The NCB Financial Group Limited (NCBFG) says majority shareholder Michael Lee-Chin continues to maintain confidence in the company despite the recent sale of a block of shares held by the businessman and his associated…
Push to regulate AI advances in Europe
Lawmakers in Europe signed off Wednesday on the world’s first set of comprehensive rules for artificial intelligence, clearing a key hurdle as authorities across the globe race to rein in AI. The European…
Gas prices going up $0.25 Thursday
Motorists will pay more for gas when they go to the pumps on Thursday, following a $0.25 increase. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $170.45 per litre and…
Stock Round Up | ISP Finance the biggest winner today
The Jamaica Stock Exchange (JSE) Combined Index retreated marginally Wednesday. The heavy and busy trading, ended with an advance/decline ratio of 40/50. The JSE Combined Index declined by 1,534.67 points or 0.45 per…
Companies urged to strengthen cybersecurity posture
Following the latest wave of cyber attacks locally, companies are being urged to beef up their cybersecurity strategies to insulate themselves from the strongholds of more devastating future breaches . Speaking with the…
Billion-dollar fees
NON-EXECUTIVE directors for public companies in Jamaica took home over $1.2 billion for their roles on the boards in 2022 — a figure which is an all-time high for board compensation for entities…
Two Lasco companies exceed $500m share cap for juniors
Two affiliated Lasco companies have broken through the $500-million ceiling on share capital for junior stock market companies, and are paying fees applicable to main market listings as a result. But whether they…
Jamaican ginger price too spicey
More than 98 per cent of ginger produced in Jamaica is consumed locally, with export markets constrained by high pricing, says General Manager of the Exports Division of the Ministry of Agriculture, Byron…