Bank of Jamaica (BOJ) Governor, Richard Byles, says the country is beginning to show signs of incremental improvement in economic activity. He cited the relatively buoyant foreign exchange market inflows, adequate reserves, a sustainable balance of payments position, and the containment of inflation within the Bank’s 4-6 per cent target range, as evidence of the progress being made. He said...

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, with responsibility for Works, Hon. C. Everald Warmington, has outlined some roads that are earmarked for upgrade and improvement, under the new Special Infrastructure Programme. In an interview with JIS News, Mr. Warmington explained the rationale for the programme. “We have developed a programme to look at some...

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Everald Warmington, says the Government is moving to implement a proper maintenance programme for 5,000 km of roads under control of Central Government. Speaking in the House of Representatives on Tuesday (February 2), Mr. Warmington said maintenance work will be viewed as either preventative maintenance or corrective...

President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards, says Jamaica’s economy is poised to bounce back from the negative effects of the coronavirus (COVID-19) and should see growth by 2022. In a virtual meeting held by JAMPRO, in association with The Business Year (TBY), today (January 20), Ms. Edwards said there are companies looking to diversify their supply and delivery...

Senator the Hon. Aubyn Hill, Minister in the Ministry of Economic Growth and Job Creation, was paid a courtesy call by the new High Commissioner of India to Jamaica, H.E. Shri Mazakui. The meeting took place on Tuesday December 29, 2020 at the Ministry’s offices at 25 Dominica Drive. Minister Hill, who had served both as Non-Resident High Commissioner for...

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Senator the Hon. Aubyn Hill, says he is pleased that Jamaica has maintained its B+ credit rating despite the economic impact of the coronavirus (COVID-19) pandemic. “This week, S&P (Standard and Poor’s Ratings Agency) released their update on Jamaica where they are maintaining the credit rating of Jamaica’s...

The Bank of Jamaica (BOJ) is maintaining the interest rate offered on deposit-taking institutions' overnight placements, at 0.50 per cent. In a statement on Friday (December 18), the Central Bank said this policy decision is based on its assessment that inflation will generally continue to remain in the 4-6 per cent target range over the next two years. This is...