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Contractor General: Political Greed is Affecting Jamaica’s Growth Business Featured News Jamaica Headline News Jamaican News Latest Jamaican News Politics 

Contractor General: Political Greed is Affecting Jamaica’s Growth

Kingston, Jamaica (McN) – Jamaica’s Contractor General Dirk Harrison says the main factor affecting Jamaica’s growth is greed from both the PNP and JLP. Contractor General Dirk Harrison peaking at the Private Sector Organisation of Jamaica President’s Forum at Jamaica Pegasus on the issue of corruption in Jamaica.  “As a country, greed is affecting our growth on both sides of the... Read More
Court Denied Caricel’s Request to Bar the  Gov from Revoking Licence Business Court News Featured News Jamaica Jamaican News Latest Jamaican News Technology News 

Court Denied Caricel’s Request to Bar the Gov from Revoking Licence

Kingston, Jamaica (McN) — Supreme Court on January 24, ruled against the application from Symbiote Investments Limited (Caricel), seeking to bar the Government from revoking the domestic mobile spectrum licence that was issued to the company last year. Final submission of the case was brought before Judge Leighton Pusey on January 6. Caricel was granted the Domestic Mobile Spectrum license... Read More
Online Passport Application System Coming In 2017 Business Featured News Jamaica Headline News Jamaican News Latest Jamaican News 

Online Passport Application System Coming In 2017

Kingston, Jamaica (McN) – Minster of National Security Hon. Robert Montague toured the office of the Passport Immigration and Citizenship (PICA) this past Thursday – with much awaited news of an online passport application system. In a meeting with the management team of PICA, Minster Montague outlined that 2017 will see the implementation of Jamaica’s online passport applications and renewal... Read More
S. Korea prosecutors seek arrest of Samsung heir Business Jamaican News Technology News World News 

S. Korea prosecutors seek arrest of Samsung heir

South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country’s president impeached, in the latest setback for the giant conglomerate. Samsung, the world’s largest smartphone maker, is already reeling from the international debacle over its Galaxy Note 7, which was recalled after some devices caught fire. Prosecutors... Read More
JC Penney gears up for closures as department stores sales continue to deteriorate Business Headline News 

JC Penney gears up for closures as department stores sales continue to deteriorate

It’s starting to look like J.C. Penney (JCP) will be the next department store chain to put its physical footprint under the shrink ray. Just one week after Macy’s (NYSE:M) and Sears (SHLD) detailed the upcoming closures of a combined 218 stores , Cowen and Company analyst Oliver Chen said that Penney’s could ultimately chop its count by some 30... Read More
Auditor General uncovers high level of non-performing loans at JMB Business Latest Jamaican News 

Auditor General uncovers high level of non-performing loans at JMB

A performance audit of Jamaica Mortgage Bank (JMB) conducted by the Auditor General’s Department has found that during the financial years 2010 to 2016 the bank carried a non-performing loan (NPL) portfolio that averaged 68 per cent of its total loans. Auditor General Pamela Monroe Ellis noted in a report tabled in the House of Representatives yesterday that, although there... Read More
Jamaica Projected To Grow Faster Than Latin America In 2017 Business Headline News Jamaican News Latest Jamaican News 

Jamaica Projected To Grow Faster Than Latin America In 2017

Jamaica will grow its economy at a faster rate in 2017 than the wider Latin American and Caribbean region – LAC – as a whole, according to projections in a new World Bank report released on Tuesday. The local economy should see growth of 2 per cent in 2017 compared to 1.2 per cent for LAC, according to the Global... Read More
National Security Budget Increased By $2.7B Not $5B, Says Shaw Business Latest Jamaican News Politics 

National Security Budget Increased By $2.7B Not $5B, Says Shaw

Minister of Finance and the Public Service, Audley Shaw has dismissed as inaccurate, reports that the supplementary budget for the Ministry of National Security has been increased by upwards of $5.5 billion. He says that the increase in the allocation to the Security Ministry is a natural outcome of the process of reallocating resources from areas where resources are not... Read More
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