Planning Institute of Jamaica (PIOJ) Director General, Dr. Wayne Henry, says macroeconomic stability has been entrenched, evidenced by relatively low inflation, high net international reserves (NIR), successive positive growth, and fiscal discipline, which has significantly lowered public debt. The country’s debt-to-gross domestic product (GDP) ratio is projected to fall below 100 per cent at the end of the 2018/19 fiscal...

Jamaicans are being encouraged to engage in climate smart activities for World Meteorological Day, to be observed on March 23. “We encourage persons to conserve on energy. If you don’t have to do any unnecessary driving on World Meteorological Day, don’t do so. You can also plant a tree or two, so that when they grow, we will have another...

Over the next five years, a total of US$25 million will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of micro, small, and medium-sized enterprises (MSMEs) and business startups. Dubbed ‘Boosting Innovation, Growth and Entrepreneurship Ecosystem (BIGEE)’ the project is being implemented by the Development Bank of Jamaica (DBJ). Making the announcement during...

President of Jamaica Promotions Corporation (JAMPRO), Diane Edwards, says the recently launched Global Services Sector (GSS) programme will help position Jamaica as a digital hub for business as well as generate more employment in information technology (IT)-enabled services. Being executed by JAMPRO, the initiative will prepare workers for high-end jobs in industries such as business process outsourcing (BPO), information technology...

The Jamaica Promotions Corporation (JAMPRO) will be leading a team of local cosmetics manufacturers to participate in the Bronner Brothers International Beauty Show in New Orleans, United States, from March 30 to April 1. The annual beauty show, which is one of the largest of its kind in North America, attracts more than 35,000 hairstylists, make-up artists, entrepreneurs, manufacturers, distributors...

The Government is being commended for maintaining Jamaica’s Economic Reform Programme (ERP), which is yielding significant benefits for the country. Opposition Leader, Dr. Peter Phillips, says the Administration has continued the implementation of “fundamental aspects” of the Programme, citing several key outcomes. “The progress made by the Programme… has continued in the following areas: the debt is further down; job...

Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw, says Jamaica is proving its capability to overcome impediments to growth, based on economic out-turns recorded over the last several years. “We have attained macroeconomic stability, while incrementally improving the levels of growth and gradually reducing debt. Additionally, our investment climate is increasingly improved. Our leading investment promotion agency, Jamaica Promotions...