THE International Monetary Fund (IMF) on Tuesday painted an uncertain outlook for the global economy as higher interest rates cool growth. Still the fund told central banks to stay the course in the…
Category: Business & Economy
Economic boost from Carnival to surpass pre-COVID level
A major participant in this year’s staging of Jamaica Carnival has forecast that the economic boost from the festival will surpass that of 2019. Scott Dunn, the managing director of Dream Entertainment —…
IMF paper hails India’s public digital infrastructure
India’s digital public infrastructure, one of the biggest success stories of the country, has got a thumbs up from the International Monetary Fund (IMF). The paper by the IMF noted that the country’s…
Bell departs EXIM
After near 13 years at the helm of the National Export-Import Bank (EXIM), seasoned banker and Managing Director Lisa Bell will step down from duties at the end of April. Bell, who has…
Buffett’s firm ups stakes in Japanese trading houses
OMAHA, Nebraska (AP): BILLIONAIRE WARREN Buffett’s company has increased its investments in five major Japanese trading houses to give Berkshire Hathaway control of 7.4 per cent of each of those conglomerates. Buffett disclosed…
OECS member states to benefit from study tour of Dominica
ROSEAU, Dominica (CMC): GRENADA, ST VINCENT and the Grenadines, and St Kitts and Nevis are expected to benefit from a three-day study tour of Dominica’s geothermal energy project as part of the efforts…
Kaya generates US$2.2 million in year
KAYA GROUP, one of the largest ganja chains on the island, generated US$2.2 million ($330 million) for its December 2022 year end, or 25 per cent higher year on year with details emerging…
Guyana leads CARICOM countries in economic growth for 2023
WASHINGTON (CMC): GUYANA IS expected to record the highest growth among Caribbean Community (CARICOM) countries this year, while Haiti will record under one per cent growth in 2023, according to the latest World…
Swiss lawmakers pick apart Credit Suisse woes ahead of deal
GENEVA (AP): SWITZERLAND’S PARLIAMENT opened a special session yesterday to scrutinise the state-imposed takeover of Swiss bank Credit Suisse by rival UBS – and consider strengthening the legal arsenal to better gird against…
Pension plans reclassified according to risk profile
THE FINANCIAL Services Commission (FSC) indicates that it has concluded a reclassification exercise for Jamaican private pension plans, with changes based on specific plan benefit type and in line with Organization for Economic…