Restaurant management group Express Catering Limited (ECL) has hit record-level revenue and net profit due to continued recovery of the tourism sector and expansion of the company’s portfolio. ECL operates a number of…
Category: Business & Economy
Sponsorship declines for motorsports
Sponsorship for motorsports on Dover Raceway is trending downwards while the club is still tackling debt and bouncing back from COVID-19 pandemic. The recent staging of the motorsports event in St Ann on…
As grocery prices soar, push grows to end sales tax on food
ALABAMA, US (AP) – Alabama is one of only three states that tax groceries at the same rate as other purchases. But as food prices soar and as the state sees a record…
BOJ establishes ‘twin peaks’ committee
THE Bank of Jamaica (BOJ) has indicated that credit unions will finally fall within the ambits of its regulation when the supervision structure for the nation’s financial sector is transitioned from sector-by-sector regulation…
IMF: Prolonged high inflation dims outlook for world economy
WASHINGTON (AP): THE OUTLOOK for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks….
JFP happy but not satisfied
With a number of projects lined up this year, commercial furniture manufacturer JFP, formerly Jamaica Fibreglass Products Limited, said it is looking to secure an even better financial performance this year as it…
No premature surrender
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…
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…
