Fri | Jun 5, 2020

Stories by McPherse Thompson

Published:Tuesday | February 21, 2017 | 12:00 AMMcPherse Thompson

At one time, the constant refrain was that the Jamaican government was crowding the private sector out of the capital markets, but central bank chief Brian Wynter says the country is now witnessing a long overdue correction and can consider the era of...

Published:Thursday | February 16, 2017 | 12:00 AMMcPherse Thompson

The Jamaica Bankers Association (JBA) is suggesting that customers would be better off selecting a long-term savings or investment product offered by their banks, rather than leaving the funds idle in a regular savings account.Over time, such idle...

Published:Thursday | February 16, 2017 | 12:00 AMMcPherse Thompson

Investors and other stakeholders, including actors in international capital markets, will now have access to timely and reliable data on Jamaica through a...

Published:Friday | February 10, 2017 | 12:00 AMMcPherse Thompson

Opposition spokesman on mining and energy, Phillip Paulwell, says if the Government divests its nearly 20 per cent stake in Jamaica Public...

Published:Tuesday | February 14, 2017 | 12:00 AMMcPherse Thompson

The Court of Appeal has reversed a lower court ruling that held the Urban Development Corporation liable for goods stolen from a tenant at one of...

Published:Tuesday | February 14, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) is trying to ascertain whether the consultant it engaged to assess contracts issued by telecoms operators is tax compliant.The review by the consultant is meant to determine whether the terms of the contracts...

Published:Thursday | February 9, 2017 | 12:00 AMMcPherse Thompson

Currency movements have resulted in a $68.8 billion upward movement in Jamaica's stock of public debt, which stood at $2.15 trillion at the end of December 2016 and is expected to further increase to $2.18 trillion by the end of March 2017.At $1.31...

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

The Office of Utilities Regulation (OUR) is anticipating that it will now make a determination on fixed-call termination rates by March, more than two...

Published:Thursday | February 9, 2017 | 12:00 AMMcPherse Thompson

Jamaica's fiscal performance remains positive, driven by better than expected tax revenue inflows attributable to improved tax compliance as well as...

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

Chief executives around the world are more confident in their own growth prospects in 2017 as their outlook for the global economy are back on the rise, with 52 per cent of them planning to increase the number of jobs.That is the conclusion from a...

Published:Tuesday | January 31, 2017 | 12:00 AMMcPherse Thompson

The Office of Utilities Regulation (OUR) is now working with a deadline of June for the development of infrastructure-sharing rules for telecommunication operators. The move is being made almost six years after the Government, citing an urgent need...

Published:Wednesday | January 25, 2017 | 12:00 AMMcPherse Thompson

The board of Caribbean Flavours & Fragrances Limited (CFF) advised shareholders to reject Derrimon Trading Company's offer to acquire all the ordinary shares in the company, saying the offer price of $4.50 per share is unfair...

Published:Thursday | January 26, 2017 | 12:00 AMMcPherse Thompson

Clean-up work at the site and construction of an access road is under way as part of the preliminary work for the construction of the 190-...

Published:Tuesday | January 24, 2017 | 12:00 AMMcPherse Thompson

Should the United States government follow through on a mass deportation of undocumented immigrants, Jamaica will feel the effects immediately on its remittance flows from that market, according to immigration lawyer Dahlia Walker-Huntington.The...

Published:Tuesday | January 17, 2017 | 12:00 AMMcPherse Thompson

There was a sustained level of optimism and confidence in the Jamaican economy across both businesses and consumers in 2016, breaking the trend of dramatic declines in the post-election periods throughout the 15 years that the surveys have been...

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

The Office of Utilities Regulation (OUR) has indicated that National Water Commission (NWC) is falling short on its efforts reduce non-revenue water, a...

Published:Thursday | January 5, 2017 | 12:00 AMMcPherse Thompson

Sagicor Bank Jamaica Limited will be applying directly to the Privy Council to overturn a Court of Appeal decision in its ongoing quest to reinstate a summary judgment involving a disputed loan.The Court of Appeal had overturned the summary judgment...

Published:Tuesday | January 3, 2017 | 12:00 AMMcPherse Thompson

Measures to improve the business climate and reduce red tape include upgrading all local authorities and commenting agencies involved in development approvals, according to the latest report under Jamaica's standby agreement with the International...

Published:Tuesday | December 20, 2016 | 11:55 AMMcPherse Thompson

Co-chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, has sided with government Senator Don Wehby, who has suggested that the services to be offered by agents licensed to undertake banking services should be expanded.Duncan...

Published:Thursday | December 15, 2016 | 12:00 AMMcPherse Thompson

Consideration is still being given to the implementation of further hedge contracts for crude oil imports when the current arrangements expire this month, the Bank of Jamaica (BOJ) said last Thursday.In that regard, the central bank said that it was...

Published:Tuesday | December 13, 2016 | 12:00 AMMcPherse Thompson

With two months left in the first review period under the standby agreement between Jamaica and the International Monetary Fund (IMF), the Economic Programme Oversight Committee (EPOC) said it is cautiously optimistic that the country is on track to...

Published:Tuesday | December 13, 2016 | 12:00 AMMcPherse Thompson

The Economic Programme Oversight Committee (EPOC) will be embarking on a public-education programme to explain to Jamaicans the requirements under the International Monetary Fund (IMF) programme and illustrate what it means to them in their...

Published:Thursday | December 8, 2016 | 12:00 AMMcPherse Thompson

Power distributor Jamaica Public Service Company (JPS) and telecommunications provider Flow Jamaica have now put in place arrangements to provide credit information on their customers to approved credit bureaus.In separate notices to the public, JPS...

Published:Thursday | December 8, 2016 | 12:00 AMMcPherse Thompson

Both the Private Sector Organisation of Jamaica (PSOJ) and the Jamaica Manufacturers' Association (JMA) are crediting the recent appreciation of the...

Published:Tuesday | December 6, 2016 | 12:00 AMMcPherse Thompson

The International Monetary Fund (IMF) has suggested that while the three-year standby agreement with Jamaica envisages a continuation of the ambitious reform agenda, bringing back growth to above two per cent is not likely to materialise without...

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