News Archive

May.14.2010
Scotiabank Reduces Base Lending Rate
Effective June 1, 2010 Scotiabank Jamaica will reduce its base lending rate by over 200 basis points to 17.75%. This will be the Bank’s lowest base lending rate in five years as well as the lowest lending rate among the major commercial banks ... more

Apr.30.2010
Casino Gaming Act Bill Sent to King's House
The Bill to legislate casino gaming in Jamaica has been sent to King's House for the Governor-General's signature following passage in both Houses of Parliament in March. In an exclusive interview with JIS News, Minister of State in the Ministry of ... more

Apr.30.2010
JSE Index Records Third Consecutive Month of Gains
As local interest rates continue there downward trend, the local stock market index has been moving in the opposite direction. Since February 3rd, 201 -, the initial closing date for the Jamaica Debt Exchange (JDX) - the JSE Index has gained over ... more

Apr.29.2010
Scotiabank Small Business Launches Farm Loan
Scotiabank through its Small Business Banking Unit today launched a special loan facility to fund small farmers. The bank said that the facility is part of its ongoing support to the productive sector. The $100 million loan fund will assist small ... more

Apr.28.2010
BOJ Says Appreciation in Dollar Not Yet Disruptive
Since the success of the Jamaica Debt Exchange (JDX) and the signing of a Stand-By Agreement between the Government of Jamaica and the International Monetary Fund (IMF), the Jamaican Dollar has been appreciating. Between February 18th and April ... more

Apr.27.2010
Inflation Up In T&T
Inflation in the twin island republic of Trinidad & Tobago appears to be on the increase once more. Data released by the T&T Central Statistical Office (CSO) indicate that headline inflation, as measured by the twelve-month increase in the ... more

Apr.27.2010
Air Jamaica Divested
The Minister of Finance and the Public Service, Hon Audley Shaw, this evening, announced that the Cabinet of Jamaica has approved the terms of an Agreement for the Divestment of the operations of Air Jamaica to Caribbean Airlines, effective ... more

Apr.26.2010
April 2010 T-Bill Offer
The Government of Jamaica is inviting tenders for $800 million in Treasury Bills. The offer which will close this Wednesday 28th April, 2010, will see half the amount being sought allocated in 91-day T-Bills while the remainder will be in 182-day ... more

Apr.23.2010
No new Tax over Next Two Years - Finance Minister
The Minister was speaking at a post Budget forum under the theme: 'Fiscal Reform: Challenges and Key Success Factors', held at the Terra Nova All-Suite Hotel, in Kingston, today (April 22). Noting that the solutions to Jamaica's problems do not ... more

Apr.23.2010
Golding Heads To CARICOM-Brazil Summit in Brasilia
The Prime Minister, the Hon Bruce Golding, left Jamaica today (April 23) to attend the first Brazil-Caricom summit which gets underway on Monday, April 26, in the Brazilian capital, Brasilia. Mr. Golding will lead a delegation including ... more