News
Growth & Jobs | Jamaica positioned as regional model for agro-industry, technology transfer
13+ hour, 57+ min ago (366+ words) Jamaica is being positioned as a regional model for agro-industrial development and technology transfer, through a partnership between the United Nations Industrial Development Organization (UNIDO) and the Jamaica Business Development Corporation (JBDC) aimed at strengthening micro, small and medium-sized enterprises…...
Jamaica Bauxite Institute warns oil crisis will translate into higher production costs and inflationary pressure
6+ day, 13+ hour ago (506+ words) Tensions around the Strait of Hormuz are rippling through Jamaica's bauxite and alumina sector, raising production costs and feeding inflationary pressures, the Jamaica Bauxite Institute (JBI) warned in a notice on the weekend. "Jamaica may be far from the Middle…...
PM warns of "horrendous" impact for St Lucia if oil prices increase significantly
1+ week, 2+ hour ago (475+ words) CASTRIES, St Lucia, CMC " Prime Minister Phillip J. Pierre has warned that if global oil prices, as some experts predict, reach US$200 per barrel due to the ongoing conflict in the Middle East involving the United States, Israel and Iran, the…...
More Federal Reserve officials see possible rate hikes this year, minutes show
1+ week, 4+ day ago (394+ words) The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months. And…...
World Bank predicts slow growth for Jamaica and other countries in the region
1+ week, 6+ day ago (648+ words) WASHINGTON, CMC " The World Bank Wednesday said that economic development Latin America and the Caribbean (LAC) is projected to grow 2. 1 per cent this year, below the 2. 4 per cent recorded in 2025. In its latest Latin America and the Caribbean Economic Update,…...
Oran A. Hall | How a faraway war can affect your pocket
1+ week, 6+ day ago (504+ words) The direct distance between Iran and Jamaica of over 7, 000 miles is not that far when war intervenes. We are already experiencing some fall out, and things will get worse if it continues. Consumers must, therefore, take action to secure their…...
BOJ managing foreign exchange market conditions
1+ week, 6+ day ago (76+ words) The Bank of Jamaica (BOJ) is actively managing foreign exchange market conditions, to ensure that movements in the foreign exchange rate do not result in a significant increase in inflation. Inflation is the general level of increases in the prices…...
Carvell Mc Leary | Demise of the 40-hour workweek?
2+ week, 23+ hour ago (511+ words) Is the 40-hour workweek, the sacred foundation of employment practices, at an end? Is it blasphemous to offer such words? As Jamaican businesses struggle with productivity concerns, culture and strategy misalignment, or the rise of remote work, it is the…...
South Africa hit by record diesel price hikes despite fuel levy cut
2+ week, 6+ day ago (78+ words) JOHANNESBURG (AP) " South African motorists were on Tuesday headed to gas stations in large numbers in anticipation of record fuel hikes that will come into effect at midnight as the world continues to feel impacts of the Iran war that…...
Cedric E. Stephens | Seeing Jamaica's centenary in 2062
2+ week, 6+ day ago (584+ words) Answers to these and other questions are matters that should be of public interest. The combined effects of the record-breaking 2024 and 2025 hurricanes led to a decline in gross domestic product of nearly 60 per cent. The risks have not abated. Climate-change…...