Wed | Nov 22, 2017

Stories by McPherse Thompson

Published:Sunday | November 19, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) has established a new meter-testing protocol to provide an appropriate framework for the verification and testing of existing and future meters used in the Jamaican electricity and water sectors.The protocol...

Published:Wednesday | November 8, 2017 | 12:00 AMMcPherse Thompson

Termination rate cuts for fixed line phone calls are now to be implemented over a four-month period starting December 1, this year as the Supreme Court gives the green light to the Office of Utilities Regulation, OUR, to proceed with its decision...

Published:Sunday | November 5, 2017 | 12:00 AMMcPherse Thompson

Disciplinary proceedings instituted against Wentworth Graham, chief regulatory officer of the Jamaica Stock Exchange (JSE), have been abandoned consequent on his passing last week.Asked what happens with those proceedings now, Robin Levy, who until...

Published:Friday | October 27, 2017 | 12:00 AMMcPherse Thompson

The enactment of a Jamaican data protection law introduced under a bill in Parliament earlier this month, while creating a regulatory burden, could open up...

Published:Sunday | October 22, 2017 | 12:00 AMMcPherse Thompson

The Jamaica Public Service Company (JPS) will be levying a late payment interest charge on any of the Government's electricity bill balance that remains unpaid seven days after the due date, effective October 1.JPS Director of Corporate...

Published:Wednesday | October 18, 2017 | 12:00 AMMcPherse Thompson

Anyone who feels aggrieved by any kind of development in their neighbourhood can invoke the provisions of the Restrictive Covenants (Discharge and Modifications) Act to kill the project, according to attorney Clayton Morgan.While Morgan notes that...

Published:Friday | October 13, 2017 | 12:00 AMMcPherse Thompson

The Ministry of Housing has been barred from constructing six town houses on land it owns in the upscale neighbourhood of Cherry Gardens...

Published:Wednesday | October 11, 2017 | 12:00 AMMcPherse Thompson

It would be an incredible achievement if the Jamaican economy realises annual growth of 2.8 per cent over the next five years, having expanded by an average 0.5 per cent over the past decade, according to economist Inder Ruprah.Referring to the...

Published:Sunday | October 8, 2017 | 12:00 AMMcPherse Thompson

The prevalence of poverty in Jamaica, at 21.2 per cent, has reached its second-highest level in almost two decades, according to the 2015 survey of living conditions, the latest such study conducted by the Statistical Institute of Jamaica (STATIN)....

Published:Friday | October 6, 2017 | 12:00 AMMcPherse Thompson

Jamaica has broken its more-than-two-year growth streak. The economy contracted by 0.1 per cent in the June quarter, according to new data from...

Published:Wednesday | October 4, 2017 | 12:00 AMMcPherse Thompson

Despite an increase in employment, there was a near one-third decrease in collection of personal income taxes for the first four months of this fiscal year, April-July, relative to the corresponding period last year.While the Government said that...

Published:Wednesday | October 4, 2017 | 12:00 AMMcPherse Thompson

Cable & Wireless Jamaica Limited, which trades as Flow, has filed an application in the Supreme Court seeking to bar the Office of Utilities Regulation, the OUR, from implementing cuts to termination rates for fixed line calls.The OUR had developed a 'glide path' to implement the rate cuts over six months, from October 1 of this year to...

Published:Sunday | October 1, 2017 | 12:00 AMMcPherse Thompson

While the financial sector provides services that assist both directly and indirectly in the growth and development of the economy, it can do more by providing services that will reduce social problems, according to head of the financial stability...

Published:Sunday | September 24, 2017 | 12:00 AMMcPherse Thompson

By a majority decision, the Court of Appeal has upheld a lower court's refusal to grant an injunction barring Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending...

Published:Friday | September 22, 2017 | 12:00 AMMcPherse Thompson

Allowances paid to public-sector workers in central government account for about a third of the wage bill, or more than $55 billion, according to a review...

Published:Friday | September 15, 2017 | 12:00 AMMcPherse Thompson

In the face of declining inflows of crude oil to Jamaica under the energy cooperation agreement with Venezuela, there will also be...

Published:Friday | September 8, 2017 | 12:00 AMMcPherse Thompson

The Economic Programme Oversight Committee (EPOC) is encouraging the government to keep capital expenditure in line with the Budget for the...

Published:Friday | September 1, 2017 | 12:00 AMMcPherse Thompson

In a landmark judgment, the Privy Council ruled that the Fair Trading Commission (FTC) had jurisdiction to intervene in the 2011 merger of...

Published:Friday | September 1, 2017 | 12:00 AMMcPherse Thompson

The economy expanded by 0.3 per cent during the quarter ending June, with the hotels and restaurants industries contributing the largest share,...

Published:Wednesday | August 30, 2017 | 12:04 AMMcPherse Thompson

Telecommunication providers Digicel and Verge Communications want the proposed reduction in fixed termination rates implemented as soon as possible, suggesting that it would unduly benefit Cable...

Published:Friday | August 25, 2017 | 12:00 AMMcPherse Thompson

Epsilon Global Equities Limited, which had an agreement with the founders of Supreme Ventures Limited, SVL, to acquire just over 18 per cent of the...

Published:Friday | August 25, 2017 | 12:00 AMMcPherse Thompson

Jamaica's central bank is reporting an annual average decline in new on-performing loans, or NPLs, by more than a billion dollars over two years...

Published:Friday | August 18, 2017 | 12:00 AMMcPherse Thompson

David Wong Ken and his partners have lost their case against former public officials and the National Investment Bank of Jamaica (NIBJ), which...

Published:Friday | August 11, 2017 | 12:04 AMMcPherse Thompson

Damages from a lawsuit won by the Palmyra condominium resort development just before it was put in receivership are to be paid over to a company...

Published:Wednesday | August 2, 2017 | 12:00 AMMcPherse Thompson

A Jamaican court has granted judgment to the 3M Company, one of the largest publicly traded companies on the New York Stock Exchange, preventing a Mexican-based outfit from using its trademark.The Court of Appeal decision sets aside the judgment of...

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