Wed | Sep 19, 2018

Stories by McPherse Thompson/ Assistant Editor - Business

Published:Wednesday | July 18, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

Amid pushback from Jamaica's trade officials, the Economic Commission for Latin America and the Caribbean, ECLAC, now says its data on Jamaica's foreign direct investment flows was preliminary and would be updated.Last week, Minister of Industry,...

Published:Wednesday | July 11, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

Optimism among both businesses and consumers continued on an upward trajectory during the second quarter, although the majority is still waiting for economic gains to trickle down to them.Moreover, consumers in particular do not believe the uptick...

Published:Wednesday | June 27, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The Court of Appeal has ordered the Jamaica Public Service Company Limited, JPS, to pay $20 million, or just over a third of a $58.3 million judgment award against it for trespassing, pending the outcome of an appeal.The claim arose from the...

Published:Wednesday | May 23, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The mining and quarrying industry, which grew by 25.5 per cent, contributed the lion's share to a 1.2 per cent expansion of the Jamaican economy during the March 2018 quarter.For fiscal year 2017-18, however, the growth rate was anaemic as the...

Published:Wednesday | May 16, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

An attorney is threatening legal action against the Government for failing to compensate an elderly woman whose property was forcibly acquired more than 20 years ago under the Northern Coastal Highway improvement project.Attorney Hugh Wildman said...

Published:Wednesday | May 2, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The Supreme Court has ordered Sagicor Bank Jamaica Limited to absorb the losses on outstanding debt owed by a Montego Bay couple, whose home it took over and sold below market value.Although at least one offer of US$1.15 million was made for the...

Published:Wednesday | April 18, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

After five years of reforms and tenacious fiscal consolidation, risks from reform fatigue and loss of social support are high, especially as growth remains feeble and crime escalates, according to the assessment of the International Monetary Fund,...

Published:Wednesday | March 14, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The International Monetary Fund, IMF, has again expressed disappointment with the level of Jamaica's economic growth, which has averaged a mere 0.9 per cent since the reforms began almost five years ago.Of note is that most of the more than 100...

Published:Wednesday | February 14, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

The Planning Institute of Jamaica (PIOJ) has credited the resumption of operations at the Alpart alumina refinery in St Elizabeth for the 15 per cent increase in the mining and quarrying industry during the October to December 2017 quarter when the...

Published:Friday | January 26, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

A software developer engaged by National Commercial Bank Jamaica, NCB, to provide it with a cell-phone application has lost its case in a US$64-million ($8-billion) claim against the...

Published:Wednesday | January 24, 2018 | 12:00 AMMcPherse Thompson/ Assistant Editor - Business

As agriculture continues to contribute the lion's share to the expansion of the Jamaican economy, the resident representative of the International Monetary Fund (IMF) is pointing to the need to beef up rural infrastructure and accelerate land...

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