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Stories by McPherse Thompson

Published:Wednesday | August 30, 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:Tuesday | August 29, 2017 | 12:00 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:Tuesday | August 15, 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:Tuesday | August 22, 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:Wednesday | August 16, 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:Thursday | August 3, 2017 | 12:00 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 | July 26, 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...

Published:Tuesday | July 18, 2017 | 12:00 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:Wednesday | July 19, 2017 | 12:00 AMMcPherse Thompson

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

Published:Tuesday | July 11, 2017 | 12:00 AMMcPherse Thompson

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

Published:Thursday | July 13, 2017 | 12:00 AMMcPherse Thompson

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

Published:Tuesday | July 4, 2017 | 12:00 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:Wednesday | June 28, 2017 | 12:00 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:Tuesday | June 27, 2017 | 12:00 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:Thursday | June 22, 2017 | 12:00 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:Thursday | June 8, 2017 | 12:00 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:Thursday | June 22, 2017 | 12:00 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:Tuesday | June 20, 2017 | 12:00 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:Tuesday | June 13, 2017 | 12:00 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:Tuesday | June 13, 2017 | 12:00 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:Tuesday | May 30, 2017 | 12:00 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:Tuesday | May 30, 2017 | 12:00 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 24, 2017 | 12:00 AMMcPherse Thompson

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

Published:Tuesday | May 23, 2017 | 12:00 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:Tuesday | May 23, 2017 | 12:00 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...

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