Wed | Jun 3, 2020

Stories by McPherse Thompson

Published:Thursday | August 4, 2016 | 12:00 AMMcPherse Thompson

The Court of Appeal has refused a motion by two St Ann residents who sought permission to appeal to the Privy Council for guidance on the code of conduct of Jamaican judges against whom they filed multiple challenges.The matter relates to a lawsuit filed by...

Published:Thursday | July 28, 2016 | 12:00 AMMcPherse Thompson

Actuary Constance Hall has attributed the winding up of some 400 pension schemes by firms in Jamaica over the last eight to 10 years to the...

Published:Tuesday | August 2, 2016 | 12:23 PMMcPherse Thompson

Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, has urged the Government to treat with the lottery scam in as serious a manner as it is emphasising economic growth, with its establishment of a ministry specifically...

Published:Thursday | July 21, 2016 | 12:00 AMMcPherse Thompson

An increasing trend for Jamaicans to make deposits in United States dollars in commercial banks as well as non-bank financial institutions is a sign of the dollarisation of the local economy, according to co-chair of the Economic Programme Oversight...

Published:Tuesday | July 19, 2016 | 12:00 AMMcPherse Thompson

Jamaica needs institutionalise the Economic Programmed Oversight Committee (EPOC) to continue scrutinising the Government’s economic and financial policies beyond the current four-year programme with the International Monetary Fund (IMF...

Published:Monday | July 11, 2016 | 12:00 AMMcPherse Thompson

The Court of Appeal has rolled back a summary judgment that favoured Sagicor Bank Jamaica Limited and ordered a trial in a lawsuit...

Published:Wednesday | July 13, 2016 | 12:00 AMMcPherse Thompson

A 118.75 per cent out-performance in the primary surplus and a 277.5 per cent reduction in the fiscal balance were among the key macroeconomic indicators that...

Published:Tuesday | July 12, 2016 | 12:00 AMMcPherse Thompson

Minister of Finance and the Public Service, Audley Shaw said the Jamaican government has started discussions with the International Monetary Fund (IMF) on the format of a staff monitored programme to replace the four-year...

Published:Wednesday | July 6, 2016 | 12:00 AMMcPherse Thompson

The Court of Appeal has ordered the office of attorney general to hold off its challenge of a ruling that exempts lawyers from the Proceeds of Crime Act...

Published:Thursday | June 30, 2016 | 12:00 AMMcPherse Thompson

Royal Caribbean Cruises Limited and subsidiary Falmouth Jamaica Land Company have failed in their bid to deny disclosure of contractual arrangements with the Port Authority of Jamaica (PAJ), largely because they were a day late filing court...

Published:Tuesday | July 5, 2016 | 12:00 AMMcPherse Thompson

Outgoing International Monetary Fund (IMF) resident representative, Dr Bert van Selm, believes the Jamaican Government should determine as soon as possible whether it wishes to negotiate another arrangement with the Fund to replace the current...

Published:Friday | July 1, 2016 | 12:00 AMMcPherse Thompson

French outfit Kingston Freeport Terminal Limited assumed control of the Kingston Container Terminal (KCT) at midnight Friday, kicking off a 30-year concession more than year after the initial agreement was struck with Port Authority of Jamaica.All...

Published:Tuesday | June 28, 2016 | 11:34 AMMcPherse Thompson

The Andrew Holness-led Government is working closely with the International Monetary Fund (IMF) and other international partners to tackle key roadblocks to development and help expand the private sector.In that regard, among the key reforms being...

Published:Thursday | June 23, 2016 | 12:00 AMMcPherse Thompson

The Court of Appeal has sided with a Supreme Court ruling that details of an email used in witness statements be removed from evidence in the trial of a lawsuit by JMMB Merchant Bank (JMMB-MB) against businessman Winston Finzi and his Mahoe Bay...

Published:Friday | June 24, 2016 | 12:00 AMMcPherse Thompson

Jamaican businesses, caught unawares by the United Kingdom's vote last Thursday to leave the 28-member European Union, are now weighing the likely impact on commerce and the economy in general.Jamaica Chamber of Commerce is now canvassing its...

Published:Friday | June 17, 2016 | 12:00 AMMcPherse Thompson

Celebration Jamaica Development Limited has applied to the Ministry of Finance and Public Service for an...

Published:Tuesday | June 21, 2016 | 12:00 AMMcPherse Thompson

The International Monetary Fund (IMF) favours fiscal policies that support growth and equality over the long term, and this should not be misconstrued as being for or against economic austerity measures."Governments simply have to live within their...

Published:Thursday | June 16, 2016 | 12:00 AMMcPherse Thompson

Tikal Limited, which trades as Super Plus Food Stores, has filed notice of appeal against a high court ruling that it pay its former landlord $280.87 million in rent arrears linked to a lease the company walked away from seven years ago.Super Plus...

Published:Tuesday | June 14, 2016 | 2:36 PMMcPherse Thompson

Micro, small and medium-size (MSME) enterprises sometimes find it difficult to access credit at relatively low rates from commercial banks because the banking sector is the most highly taxed section of the economy in business, according to president...

Published:Friday | June 10, 2016 | 12:00 AMMcPherse Thompson

President and chief executive officer of Sagicor Group Jamaica, Richard Byles, is encouraging the Government to enlist the support of the wider private sector to invest in the business process outsourcing (BPO) sector to boost economic growth and...

Published:Thursday | June 9, 2016 | 12:00 AMMcPherse Thompson

Jamaica comfortably surpassed the primary surplus target in the first month of the current fiscal year as key macroeconomic indicators, including the net international...

Published:Thursday | June 9, 2016 | 12:00 AMMcPherse Thompson

Jamaica must reduce the public sector wage bill as part of the structural benchmarks under the economic support programme with the International Monetary Fund (IMF) if it is to get more resources to invest in productive capital projects and boost...

Published:Thursday | June 2, 2016 | 12:00 AMMcPherse Thompson

Lenders have reduced interest rates on non-credit card loans and extended maximum credit lines for unsecured loans in response to increased competition in the commercial-banking sector and favourable macroeconomicconditions.Those changes in lending...

Published:Tuesday | June 7, 2016 | 12:04 PMMcPherse Thompson

Fiscal consolida-tion, one of the linchpins of Jamaica's current programme with the International Monetary Fund (IMF), has, on average, been followed by drops in growth rather than expansion, according to a new study by officials at the Fund.Fiscal...

Published:Friday | May 27, 2016 | 12:00 AMMcPherse Thompson

The Port Authority of Jamaica has again extended financial closure of the US$510 million ($64 billion) concession...

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