Category: Global

Jamaican banks held to higher standards than Basel proposal

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Jamaica Gleaner: “Jamaican banks held to higher standards than Basel proposal”

Newly recommended rules for capital adequacy and risk management, to take effect globally over the next five to 10 years, are unlikely to cause any displacements in Jamaica’s commercial banking system, according to a senior central banker.


Jamaica Observer: “Jamaica after the global recession”

MOST persons agree that the worst of the global recession seems to be over for now. There was a heightened risk of a double dip occurring, which is still possible, but this has been reduced with the return of growth to emerging economies.


Jamaica Observer: ‘Ha, ha, ha… who’s laughing now!”

Minister of Finance Audley Shaw last week attended the IMF/World Bank Annual Meetings where he provided reviews on the performance of the Jamaican economy and gave accounts of the damage done to the island by Tropical Storm Nicole.


Jamaica Observer: “US trade deficit ballons as gap with China hits new record”

THE US trade deficit ballooned in August as the gap with China hit a fresh record, official data showed yesterday, suggesting further weakness in the economic recovery.

Jamaica’s financial market development mostly ahead of BRICs

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Jamaica Observer: “Jamaica’s financial market development mostly ahead of BRICs”

JAMAICA has outperformed three of the world’s most promising economies on financial market development according to findings from the latest Global Competitiveness Report published by the World Economic Forum (WEF). The Global Competitiveness Index (GCI) ranks Jamaica at 46 out of 139 countries in financial market development in the 2010/2011 report.

Japan central bank keeps key interest rate steady

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Jamaica Observer: “Japan central bank keeps key interest rate steady”

TOKYO, Japan — JAPAN’S central bank voted to keep interest rates near zero, holding off on further measures to tackle a strong yen that is undermining the country’s fragile economic recovery.


Jamaica Observer: “US will protect OLINT investors money”

THE Association of Concerned OLINT Members says the United States Government has assured them that their investments will be returned to them if OLINT’s head David Smith is convicted.

Recession holds firm grip on Jamaica

Posted on by Your Financial FactSheet


Jamaica Gleaner: “Recession holds firm grip on Jamaica”

The Jamaican economy continued to contract into the second quarter, with the Planning Institute of Jamaica (PIOJ) reporting an even more dismal performance of the real sector in the April-June period when output in all sectors, with the exclusion of mining, lost value.


Jamaica Observer: “BOJ Lowers Rates Again”

THE Bank of Jamaica (BOJ) yesterday lowered the interest rate on 30-day certificates of deposit (CDs) by another 50 basis points (bps) to eight per cent, making it the fifth time the central bank has lowered rates since the start of 2010.


Go-Jamaica: “Jamaica passes quarterly IMF test”

The International Monetary Fund (IMF) has confirmed that Jamaica has passed the 2nd quarterly test. IMF officials who were in Jamaica for the past week and a half this morning faced the media and gave the country top marks for its efforts to meet the targets that have been set.


msnbc.com: “Bernanke: Fed will take action if economy falters”

JACKSON HOLE, Wyoming — Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.