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CATEGORY

Economics

Jamaica’s export earnings up 22% over nine months in 2023

The Statistical Institute of Jamaica (STATIN) is reporting that Jamaica’s export earnings rose 22 per cent from January to September 2023 to US$1,552.6 million, up...

Eaton sees 2024 profit above estimates on strong equipment demand for data centers

Eaton forecast full-year profit above Wall Street estimates after beating quarterly profit and revenue expectations on Thursday, as higher investments in data centers boosted demand...

Bahamas | Central Bank projects the Bahamian economy to grow in the low two percent range in 2024

The Central Bank predicts The Bahamas’ economic growth to be in the low two percent range, still moderately above the estimate of the economy’s...

IDB Lab Invests in Jamaican Hub to Drive Health Innovation in the Caribbean

IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, will invest US$750,000 to support the Jamaican company Novamed to build Catalyst,...

World Bank supports clean energy generation in Dominica

A $38.5 million project designed to support the Commonwealth of Dominica in developing and integrating clean, sustainable and low-cost energy has been approved by...

US to announce billions in subsidies for advanced chips -WSJ

President Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor...

Bahamas | Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability

The Bahamas’ fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price...

Jamaica | Government to Sell Some of Its Shares in Several Infrastructure Entities

The Government intends to, over the next 12 months, list on the Jamaica Stock Exchange (JSE) some of its shares in several infrastructure entities. These...

Jamaica | National Budget reduced by $2.5 billion

The National Budget for the current fiscal year has been reduced by $2.5 billion to $1.092 trillion. This follows Tuesday’s tabling of the 4th Supplementary...

Jamaica | Progress Being Made to Conclude Discussions on Allowances in Public Sector – Finance Minister

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says progress is being made to conclude discussions regarding the next phase...

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