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Monday, October 26, 2020

C&WJ Credit Union gets JSE listing nod

C&WJ Co-operative Credit Union has received approval to list deferred shares on the Jamaica Stock Exchange. C&WJ says the approval was received from the JSE’s listing committee. The credit union started the process two years ago but the stock exchange raised questions that the listing might be in breach of the rules governing credit unions.  […]

Online shopping boom

International payment company Mastercard in its latest study has found that more customers worldwide are utilising e-commerce platforms and digital payment services. This they said stems from the constraints imposed on the daily lives of consumers as a result of COVID-19, which has been changing the way how people shop. According to the global study […]

Digicel to cease paid advertising on Facebook

Digicel is set to cease all paid advertising activities on Facebook platforms globally for the month of July, it was announced by the company in a release issued yesterday informing of its stand against hate speech online. The move, the Digicel release said, is in solidarity with a number of leading global brands which have moved to send […]

Economy declined by 2.3 % in first quarter

The Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019. That was the announcement made yesterday by the Statistical Institute of Jamaica (STATIN) in a release. In the release STATIN said the 2.3 per cent decline of the economy was the result of […]

BOJ policy rate at 0.5 per cent

he Bank of Jamaica (BOJ) is maintaining its policy interest rate at 0.50 per cent per annum for at least another month. The BOJ’s policy interest rate is the rate the bank offers to deposit-taking institutions on overnight placements. The decision by the BOJ to hold its policy rate unchanged is based on its continued view […]

Only 3 authorised electronic retail payment service providers

Bank of Jamaica (BOJ) is reminding the public that it has only authorised three payment service providers to offer electronic retail payment services to the local market. Electronic retail payment services are those relating to the use of an electronic retail payment instrument, such as a prepaid card or mobile wallet. The entities currently authorised […]

Petrojam reports successful transition to Low Sulphur Heavy Fuel Oil

Petrojam is reporting that it has successfully transitioned to Low Sulphur Heavy Fuel Oil.  General Manager of Petrojam, Winston Watson, says the refinery was in preparation mode for close to two years so there were very few glitches during the transition. On January 1, 2020, the International Maritime Organisation introduced regulations to lower the sulphur […]

US economy plunges

The economic downturn in the United States – triggered by the COVID 19 pandemic has been officially declared a recession. The National Bureau of  Economic Research made the designation yesterday, citing the scale and severity of  the current contraction. It said activity and employment hit a clear and well-defined peak in February, before falling. The […]

Jamaica Producers Group Appoints of Chief Commercial Officer

Jamaica Producers Group Limited (JP) announces that Ms. Maya Johnston has been appointed Chief Commercial Officer of JP. In this new role, Ms. Johnston will be responsible for oversight of the Group’s diverse commercial portfolio as JP seeks to achieve the next level of business growth. Ms. Johnston (no relation to the Chairman of the […]