The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 0.8 per cent during the January to March 2025 quarter, compared with the corresponding period in 2024. Speaking at the PIOJ’s quarterly briefing on May 21, in Kingston, Director General, Dr. Wayne Henry, said the out-turn for the review quarter largely reflected the impact of...

The Jamaica Stock Exchange (JSE) is working to ensure that students at the primary level are financially literate, says Managing Director, Dr. Marlene Street-Forrest. Speaking at an awards ceremony for the Primary and Preparatory Schools Stock Market Game for Month 2, at the JSE offices in downtown Kingston, on May 16, the Managing Director said entities in the business community...

The Jamaica Deposit Insurance Corporation (JDIC) is reminding persons that deposit protection is an automatic, no-cost benefit for all depositors in regulated financial institutions. In an interview with JIS News, Senior Corporate Communications Officer at the JDIC, Kadisha Sharp, noted that the entity protects depositors, particularly the most vulnerable, “by insuring their deposits up to a coverage limit of $1.2...

Finance and the Public Service Minister, Hon. Fayval Williams, is calling on the country’s leaders to take advantage of the opportunities presented in the current economic climate. While acknowledging the global economic challenges, Mrs. Williams noted that there are opportunities for businesses to benefit and they should be proactive in identifying the prospects and leveraging government support to drive growth...

Jamaicans looking to pursue advanced tertiary studies overseas will soon have access to 20 fully funded scholarships being provided by the United Kingdom (UK) Foreign, Commonwealth and Development Office. This was announced by Alumni Relations Manager for the Association of Commonwealth Universities, Kirsty Scott, during a reception at the British High Commission in Kingston on Tuesday (May 13). Ms. Scott...

Bank of Jamaica wishes to remind the public that, effective 1 July 2025, the old cotton banknotes comprised of the $5000, $1000, $500, $100 and $50 denominations will no longer be legal tender. This means that they will no longer be able to be used for transactions for goods and services. Notwithstanding this, Bank of Jamaica will continue to redeem...

Building a strong and competitive economy is critical to building resilience against economic shocks, says Minister of Finance and the Public Service, Hon. Fayval Williams. “Resilience, so far, has meant ensuring that we have buffers against natural disasters, and over the last 10 years we have been building that resilience. We have a very robust, layered approach to ensuring we...