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Category: Business & Economy

Business & Economy

IFC issues J$ bond on international market

infojamaica
May 24, 2023

A bond has been issued on the international capital markets denominated in Jamaican dollar for the first time ever. The bond was issued by the International Finance Corporation (IFC), the private sector arm…

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Business & Economy

Pay bumps impact negligible

infojamaica
May 24, 2023

THE Bank of Jamaica (BOJ) said Monday that it does not expect recent salary increases to have a material impact on the inflation rate and stayed from signalling when it may start to…

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Business & Economy

HAJ looks upmarket for better margins

infojamaica
May 24, 2023

Working with private partners, the Housing Agency of Jamaica, HAJ, is putting pricier developments on the market beyond the income segment it has served in past decades. The agency, which traditionally delivers starter…

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Business & Economy

Jamaican cannabis company expands footprint in Europe

infojamaica
May 24, 2023

Jamaican Medical Cannabis Corporation, which has a presence in Jamaica and Toronto, has announced the acquisition of Materia Ventures, a supply and distribution company for cannabis and CBD products located in Malta. The…

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Business & Economy

Nigeria opens Africa’s biggest oil refinery

infojamaica
May 23, 2023

Nigerian President Muhammadu Buhari on Monday opened Africa’s biggest oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products. The US$19-billion facility…

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Business & Economy

BOJ expects inflation to rise, maintains policy rate at 7%

infojamaica
May 21, 2023

The Bank of Jamaica, BOJ, on Friday said that it foresees inflation rising above the four to six per cent target range over the months of June to September 2023, data which fed…

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Business & Economy

Oil drilling project near mouth of Amazon River rejected by Brazil’s environmental regulator

infojamaica
May 21, 2023

Brazil’s environmental regulator has rejected a licence for a controversial offshore oil drilling project near the mouth of the Amazon River that had drawn strong opposition from activists who warned of its potential…

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Business & Economy

Bridging the AI regulation gap

infojamaica
May 21, 2023

On March 22, the Future of Life Institute published an open letter calling for a six-month moratorium on the development of generative artificial intelligence systems, citing the potential dangers to humanity. Since the…

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Business & Economy

Oran Hall | What executors do

infojamaica
May 21, 2023

A person who makes a will – a testator – is required to name at least one executor in the will. The executor is the personal representative of the deceased and is responsible…

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Business & Economy

Tech, digital push driving remittances to new normal

infojamaica
May 21, 2023

Over the past five years, the remittance market has seen the “steady adoption of new technologies”, and as more persons opt for the formal system to transfer money to family members, there is…

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