Thu | Jul 27, 2017

Stories by McPherse Thompson

Published:Friday | July 21, 2017 | 7:00 AMMcPherse Thompson

A new UNDP report, which puts Jamaica's per capita income at US$8,350, finds that 406,000 of its citizens live either near or in extreme poverty.Of that number, 14,000...

Published:Friday | July 21, 2017 | 7:00 AMMcPherse Thompson

Bank of Jamaica is adopting a new supervisory method for banks and building societies that will intensify oversight as...

Published:Friday | July 14, 2017 | 7:00 AMMcPherse Thompson

Opposition Spokesman on Information and the Knowledge Economy, Julian Robinson, has urged the financial services sector to form a...

Published:Friday | July 14, 2017 | 7:00 AMMcPherse Thompson

Flow Jamaica says any attempt by the Office of Utilities Regulation (OUR) to dilute or compromise the...

Published:Friday | July 7, 2017 | 7:00 AMMcPherse Thompson

The concession agree-ent for the operation of Kingston Container Terminal (KCT) is not publicly available and the Port Authority of Jamaica is yet to say...

Published:Friday | June 30, 2017 | 6:00 AMMcPherse Thompson

Despite recent spikes in the cost of several food items in shops and supermarkets, the central bank says there were no inflation jitters and it remained...

Published:Wednesday | June 28, 2017 | 6:02 AMMcPherse Thompson

The Bank of Jamaica (BOJ) will today be undertaking a pilot of its foreign exchange auction system-branded B-FXITT, in preparation for its full roll out scheduled for next month-end.Under the new system of weekly auctions, authorised dealers and...

Published:Wednesday | June 28, 2017 | 6:00 AMMcPherse Thompson

  The declining competitiveness of the Caribbean tourism model means that the Jamaica government should look to diversify from the all-inclusive model into new types, World Bank lead economist Phillip Schuler has suggested. At the same time,...

Published:Sunday | June 25, 2017 | 6:00 AMMcPherse Thompson

Jamaica's appeal court has massively upsized the award to a Bahamian pilot who had his plane confiscated by the State over unsubstantiated allegations of drug running, capping his two-decade fight for redress.The court effectively increased a lower...

Published:Friday | June 23, 2017 | 6:00 AMMcPherse Thompson

Kingston Wharves Limited (KWL) will be rolling out a number of measures that will made it more efficient to clear goods from its...

Published:Wednesday | June 21, 2017 | 6:00 AMMcPherse Thompson

Maureen Simms, deputy governor of the Bank of Jamaica (BOJ), said the central bank is now ready to implement agent banking services and deposit-taking institutions can now apply to the central bank for permits."The relevant persons in the industry,...

Published:Wednesday | June 14, 2017 | 6:18 AMMcPherse Thompson

Providers of automated teller machines, ATMS, to Jamaica’s banks will be rolling out additional anti-fraud software to further increase the defence against fraudsters who have also stepped up their game in installing deep-insert skimmers at...

Published:Wednesday | June 14, 2017 | 6:00 AMMcPherse Thompson

If the state-owned National Water Commission (NWC) seeks to compete with private sector firms in the commercial operation of bottled water locally, it could possibly create distortions in the market, according to the Private Sector Organisation of...

Published:Wednesday | May 31, 2017 | 5:00 AMMcPherse Thompson

Among Jamaica-born women living in the United States, 50 per cent have at least a college education, evidencing the significant brain drain, especially among that gender from Jamaica.Nearly a third of all women with at least a college education in...

Published:Wednesday | May 31, 2017 | 5:00 AMMcPherse Thompson

The Jamaican economy having remained flat for the January to March 2017 quarter, the Planning Institute of Jamaica (PIOJ) is banking on the resumption of alumina production at Alumina Partners of Jamaica (Alpart) in St Elizabeth to contribute the...

Published:Friday | May 26, 2017 | 5:00 AMMcPherse Thompson

A Supreme Court judge is recommending that lawmakers revisit public service regulations to ensure government employees are given a hearing...

Published:Wednesday | May 24, 2017 | 5:00 AMMcPherse Thompson

The Jamaica Broilers Group said Conley Salmon, who was its vice-president for marketing, feeds and agricultural supplies has been appointed President of the Jamaica operations, effective May 1. Dave Fairman was also appointed president of the group...

Published:Wednesday | May 24, 2017 | 5:00 AMMcPherse Thompson

Private-sector credit grew at an annual rate of nearly 31 per cent at the end of February, doubling the pace set in December, according to new Bank of Jamaica (BOJ) data.Much of the expansion resulted from a new entrant to the commercial banking...

Published:Sunday | May 21, 2017 | 5:00 AMMcPherse Thompson

The Supreme Court has refused to grant an injunction barring the Jamaica Stock Exchange Limited (JSE) from convening a disciplinary hearing against its chief regulatory officer, Wentworth Graham, pending the outcome of proceedings at the Industrial...

Published:Sunday | May 21, 2017 | 5:00 AMMcPherse Thompson

Jamaica's primary balance for fiscal year ended March 2017 has over-performed by $12.8 billion to come in just shy of $140 billion, the Economic Programme Oversight Committee (EPOC) reported on Friday.That represents about 7.7 per cent of gross...

Published:Friday | May 19, 2017 | 5:00 AMMcPherse Thompson

The Jamaican dollar hit another psychological mark at $130 to the United States currency a week ago, but there does not appear to be any heightened concern...

Published:Friday | May 19, 2017 | 5:00 AMMcPherse Thompson

The decision to divert revenues from the Tourism Enhancement Fund (TEF) into the government's main account is part of a new structural...

Published:Friday | May 12, 2017 | 5:15 AMMcPherse Thompson

The Government will be giving up about US$14.6 million, which equates to nearly $1.9 billion annually, as a result of its decision to grant exemptions on the bauxite levy as part of a tax regime overhaul for extractive industries...

Published:Friday | May 12, 2017 | 5:13 AMMcPherse Thompson

The Bank of Jamaica (BOJ) will be fully transitioning its policy rate from the 30-day certificate of deposit to the overnight rate by the end of June as part of the...

Published:Wednesday | May 10, 2017 | 5:00 AMMcPherse Thompson

The Inter-American Development Bank (IDB) said it would consider financing projects for waste to energy in Jamaica, but cautioned that the cost of doing so would have to be around US$0.12 per kilowatt hour for it to make sense to consumers."We could...

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