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Stories by McPherse Thompson

Published:Friday | September 30, 2016 | 12:00 AMMcPherse Thompson

The liquefied natural gas supplies destined for the power plant at Bogue in Montego Bay will be offloaded in the Portland Bight area and then ferried to the north coast, according to the Port Authority of Jamaica.The port agency has leased seven...

Published:Thursday | September 29, 2016 | 12:00 AMMcPherse Thompson

New Fortress Energy has committed to recurrent environmental monitoring and reporting on site preparation, construction and...

Published:Tuesday | September 27, 2016 | 12:00 AMMcPherse Thompson

The International Monetary Fund (IMF) is urging the Jamaican Government to establish a financial inclusion council as part of the efforts to achieve higher economic growth by, among other things, improving financial access.Noting that progress...

Published:Friday | September 23, 2016 | 12:00 AMMcPherse Thompson

With an increasing number of people looking for work, the Ministry of Labour is seeking to create awareness of its Labour Market Information System on which it currently has a listing of various full-time and part-time jobs available in the private...

Published:Thursday | September 22, 2016 | 12:00 AMMcPherse Thompson

The Jamaican Government may need to impose revenue measures in excess of the$16 billion required to fund phase two of the personal income tax reform, which will see the threshold move to $1.5 million at the start of fiscal year 2017-18, according to...

Published:Wednesday | September 21, 2016 | 12:00 AMMcPherse Thompson

Depreciation of the British pound sterling following the vote to leave the European Union (EU) could reduce the inflows of tourists and remittances from the...

Published:Thursday | September 22, 2016 | 12:00 AMMcPherse Thompson

Jamaica Public Service Company (JPS) says it has now secured financing for the 190 megawatt gas-fired power plant to be built at Old Harbour Bay, St Catherine,...

Published:Tuesday | September 20, 2016 | 12:00 AMMcPherse Thompson

With more than 45 per cent of deposits denominated in United States dollars by June 2016, Jamaica's deposit dollarisation was found to be one of the highest in the region, according to the assessment of the International Monetary Fund (IMF).That was...

Published:Friday | September 16, 2016 | 2:33 PMMcPherse Thompson

With the Jamaican economy perennially experiencing anaemic growth, President and Chief Executive Officer of Sagicor Group Jamaica, Richard Byles is unwavering in his suggestion that agriculture and tourism are among the top two sectors that can...

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

A new player is trying to set up a bitcoin exchange in Jamaica as the first-known operator in the virtual currency space locally, but it needs the approval of the Bank of Jamaica.The central bank is in talks with...

Published:Wednesday | September 14, 2016 | 12:00 AMMcPherse Thompson

Jamaica's economic growth could be lower than projected this year because of increased uncertainty before and after the British voted on June 23 to leave the European...

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

The St Catherine Co-operative Credit Union (SCCU) is proposing to merge its operations with EduCom Co-operative Credit Union, partly because of increased...

Published:Tuesday | September 13, 2016 | 3:36 PMMcPherse Thompson

This month is the deadline for Cabinet to approve a plan for the first stage of public-sector reform, one of the key qualitative targets under the government's four-year economic support programme with the International Monetary Fund (IMF).The first...

Published:Monday | August 29, 2016 | 12:00 AMMcPherse Thompson

Private sector credit has been growing at levels not seen since 2013.It grew at an annual 14.4 per cent to June, compared to 4.5 per cent during the same period last...

Published:Tuesday | August 30, 2016 | 12:14 PMMcPherse Thompson

The Caribbean Association of Banks (CAB) said that unless a solution can be found to the de-risking of regional financial institutions engaged in correspondent banking relationships, the livelihood of the region 's people will be in danger....

Published:Tuesday | August 30, 2016 | 12:00 AMMcPherse Thompson

The Bank of Jamaica (BOJ) will continue its interventions in the foreign-exchange market amid a slide of the Jamaica dollar, even as the central bank weighs whether its own dealings are fuelling market demand.The BOJ now intends to review its mode...

Published:Wednesday | August 24, 2016 | 12:00 AMMcPherse Thompson

Favourable weather and the strengthening of the global economy are among the main factors that contributed to an estimated 1.1 per cent expansion in the Jamaican economy...

Published:Tuesday | August 23, 2016 | 12:00 AMMcPherse Thompson

The International Monetary Fund (IMF) is urging the Jamaican Government to develop a comprehensive strategy for liability management to reduce concentration and refinancing risks, as it endorses the second sovereign debt buyback in just over a year....

Published:Friday | August 19, 2016 | 12:00 AMMcPherse Thompson

With the Jamaican dollar depreciating to more than $127 to the United States currency last week, the Bank of Jamaica (BOJ) began intervening by selling US$55 million to prevent instability in the foreign exchangemarket.It was the first since the...

Published:Friday | August 19, 2016 | 12:00 AMMcPherse Thompson

Finance and Public Service Minister Audley Shaw said the Government's $16 billion funding of the second phase of the personal income tax threshold's move to $1.5 million at the start of fiscal year 2017-18 will not be done through an automatic tax...

Published:Tuesday | August 16, 2016 | 1:49 PMMcPherse Thompson

With stability in the basic fundamentals of the Jamaican economy, there is no reason the country should not now experience economic growth at a level above the anaemic average one per cent that has occurred over the past few decades, co-chairman of...

Published:Friday | August 12, 2016 | 12:00 AMMcPherse Thompson

The ratio of Jamaica's stock of public debt-to-gross domestic product (GDP) was reduced to 120.2 per cent as at March this year, better than the projected 125.1 per cent set under the economic support programme with the International Monetary Fund (...

Published:Thursday | August 11, 2016 | 12:00 AMMcPherse Thompson

The BMR Jamaica Wind Project will help the country reduce greenhouse gas emissions by approximately 66,000 tons of carbon dioxide...

Published:Wednesday | August 3, 2016 | 12:00 AMMcPherse Thompson

RBC Royal Bank and parent Royal Bank of Canada lost round one in their efforts to have a lawsuit filed six years ago by Ocean Chimo Limited thrown out of court, but has been given another chance to argue their case. The appeal filed by the banks...

Published:Tuesday | August 9, 2016 | 2:15 PMMcPherse Thompson

The International Monetary Fund (IMF) has suggested that the Government incentivise end-investors to fund companies listing on the junior market of the Jamaica Stock Exchange (JSE) by giving the tax relief to those investors instead of the firms....

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