Sat | May 30, 2020

Stories by McPherse Thompson

Published:Wednesday | June 1, 2016 | 12:00 AMMcPherse Thompson

Growth prospects for the economy during the quarter ending June are generally positive based on the anticipated strengthening of the performance of most...

Published:Wednesday | June 1, 2016 | 12:00 AMMcPherse Thompson

The Jamaican economy grew by an estimated 0.9 per cent for the quarter to March 2016 when compared with the corresponding period last year and was the same level of expansion for fiscal year 2015/16, the Planning Institute of Jamaica reported on...

Published:Tuesday | May 31, 2016 | 12:00 AMMcPherse Thompson

Staff of the International Monetary Fund (IMF) has recommended that the Jamaican Government strengthen conditional cash transfers in order to protect the vulnerable from the shift from direct to indirect taxes, which will start in earnest with...

Published:Thursday | May 26, 2016 | 12:00 AMMcPherse Thompson

A bond offer from a top American bank, Goldman Sachs, has proven disruptive to Jamaica's foreign exchange market in recent weeks,...

Published:Tuesday | May 24, 2016 | 12:00 AMMcPherse Thompson

Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, said that while he is bullish about Jamaica's future, his confidence would be boosted if the Government publicly discloses, this year, its intention to negotiate...

Published:Friday | May 20, 2016 | 12:00 AMMcPherse Thompson

The Bank of Jamaica (BOJ) began intervening in the foreign exchange market again on Friday, ostensibly to maintain stability as the Jamaican dollar passed the $125 mark relative to the US dollar last week.Finance and Public Service Minister Audley...

Published:Thursday | May 19, 2016 | 12:00 AMMcPherse Thompson

The Bank of Jamaica reduced the value of transactions processed through the Automated Clearing House (ACH) from $2 million to a maximum of $1 million, marking the...

Published:Wednesday | May 18, 2016 | 12:00 AMMcPherse Thompson

The race is on. Jamaica's political parties, for all intents and purposes, are once again in campaign mode, this time for local government polls last held more than four years ago, notwithstanding the three-year constitutional life of those...

Published:Tuesday | May 17, 2016 | 12:00 AMMcPherse Thompson

Jamaica surpassed the two critical quantitative targets the primary surplus and the net international reserves (NIR) for the December 2015 and March 2016 quarters, paving the way for two expected successful reviews under the economic support...

Published:Wednesday | May 11, 2016 | 12:00 AMMcPherse Thompson

The Court of Appeal has upheld a ruling that barred the minister of housing from compulsorily acquiring privately owned land in Trelawny, saying the takeover did not serve a public purpose as required by law...

Published:Thursday | May 12, 2016 | 12:00 AMMcPherse Thompson

Finance and Public Service Minister Audley Shaw said that while interest rates on commercial bank loans declined during the last fiscal year, lenders must find ways to make loans more affordable for businesses and consumers. He also announced a two...

Published:Tuesday | May 10, 2016 | 12:00 AMMcPherse Thompson

The Jamaican Government will be making significant reporting changes during fiscal year 2016-17, including removing the State's contribution towards National Housing Trust (NHT) and National Insurance Scheme (NIS) from wages and salaries of public...

Published:Wednesday | May 4, 2016 | 12:00 AMMcPherse Thompson

The tardiness of the commissioner of lands in complying with court orders caused that office to miss its chance at contesting a high court ruling that overturned its compulsory acquisition of property in New Kingston initially earmarked by the State...

Published:Tuesday | May 3, 2016 | 12:00 AMMcPherse Thompson

It has taken the International Monetary Fund (IMF) to get the Jamaican society to understand that Government has to be economical rather than recklessly extravagant or wasteful in the use of resources, according to Prime Minister Andrew Holness."It...

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

The land that Government agreed to give China Harbour Engineering Company (CHEC) as offset for the cost of developing the North-South Highway appears to have not been a factor in the calculation of the toll, which motorists have bashed as being...

Published:Wednesday | April 27, 2016 | 5:44 PMMcPherse Thompson

Business mogul Michael Lee Chin, who was yesterday named chairman of the Government's Economic Growth Council (EGC), has pledged to work tirelessly with council members and other Jamaican stakeholders to achieve economic growth of five per cent over...

Published:Tuesday | April 26, 2016 | 2:04 PMMcPherse Thompson

Not much has changed to find more room or fiscal space to warrant a further adjustment in the International Monetary Fund's (IMF) programme targets for Jamaica since it reduced the primary surplus target in December 2015, according to Mission...

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

It will be difficult for lawyers to comply with the garnishment policy Tax Administration Jamaica (TAJ) has put into effect without coming into conflict with the fiduciary relationship they have with their clients as well as the confidentiality...

Published:Wednesday | April 20, 2016 | 12:00 AMMcPherse Thompson

A FORMER Olint investor who challenged taxes levied on his returns from the investment clubon constitutional and procedural grounds - and lost -...

Published:Tuesday | April 19, 2016 | 2:47 PMMcPherse Thompson

Finance and Public Service Minister Audley Shaw said the Government was in the process of working out the formula to be used in the implementation of its plan to increase the personal income tax threshold to J$1.5 million.He said they were also...

Published:Friday | April 15, 2016 | 12:00 AMMcPherse Thompson

WASHINGTON, DC:Jamaican government officials were having discussions with the International Monetary Fund (IMF) this weekend about the remaining year of the 48-month economic programme, including how to make the $1.5 million tax threshold plan work...

Published:Thursday | April 14, 2016 | 12:00 AMMcPherse Thompson

WASHINGTON, DC:Policymakers need to work collectively to deliver a more balanced and stronger policy mix that goes beyond the continued over reliance on monetary...

Published:Thursday | April 14, 2016 | 12:00 AMMcPherse Thompson

WASHINGTON, DC:The International Monetary Fund (IMF) said it is ready to engage with its broad membership of 189 countries to help...

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

Washington, DC:Overall economic growth in Latin America and the Caribbean is expected to be negative for a second consecutive year at 0.5 per cent in 2016, but individually, most countries in the region continue to grow, even if modestly, according...

Published:Tuesday | April 5, 2016 | 2:33 PMMcPherse Thompson

United States-based economist David Card has found that raising the minimum wage does not necessarily result in increased unemployment and even has the potential to reduce it, according to the March 2016 edition of Finance...

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