Jamaica
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Antigua registers 7% increase in tourist arrivals in July – CARICOM Business
Antigua and Barbuda has reported a 7% increase in tourist arrivals in July as the country continues to record a “steady rebound” in visitor arrivals in the wake of the coronavirus (COVID-19) pandemic that had forced the closure of borders. The Ministry of Tourism said during July, Antigua and Barbuda welcomed 24,673 visitors, an increase of 23,405 from the corresponding…
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Barbados Gov’t caps fuel prices – CARICOM Business
Effective August 19, consumers in Barbados will be paying less for gasoline and diesel as Prime Minister Mia Mottley announced that the price of fuel at the pump will be capped for the next five months. Gasoline will cost BDS$4.48 (US$2.24) per litre, while diesel will be BDS$4.03 (US$2.01) until January 31, 2023. Mottley also said that the cap on…
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TT Central Bank authorises first company to issue e-money – CARICOM Business
The Central Bank of Trinidad and Tobago has issued a provisional registration to PayWise Limited as an electronic money (e-money) issuer. The provisional registration authorises PayWise to issue e-money in Trinidad and Tobago from September 1, 2022, becoming the first entity, apart from banks and non-bank financial institutions, so authorised. PayWise will also be allowed to enlist new customers. PayWise…
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CARICOM SG congratulates Jamaica on its Diamond Jubilee
CARICOM Secretary-General Dr Carla Barnett has congratulated Jamaica on its 60th Independence Anniversary, noting the country’s outstanding record of achievement both within the Region and internationally. In her congratulatory message to Prime Minister Andrew Holness, the Secretary-General highlighted Jamaica’s leadership in the important multilateral discourse on financing for development in the era of COVID-19. Read the SG’s full message: “Prime…
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Jamaica records growth of 8.1% in FY 2021/22: CARICOM BUSINESS
Jamaica has recorded growth of 8.1% for Fiscal Year 2021/22 well within the range of 7.0% to 9.0% previously projected. According to the Planning Institute of Jamaica, the growth was supported by improved performances in all industries, except Mining & Quarrying which contracted by an estimated 39.8%, due mainly to the closure of the JAMALCO alumina plant. The heavier weighted…
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STATEMENT FROM CHAIRMAN OF THE CARIBBEAN COMMUNITY (CARICOM) HON JOHN BRICEÑO, PRIME MINISTER OF BELIZE ON CARIBBEAN COMMUNITY’S CANDIDATES FOR COMMONWEALTH SECRETARY-GENERAL
An election for the post of Secretary-General of the Commonwealth will take place during the Commonwealth Heads of Government Meeting which takes place 20-25 June 2022, in Kigali, Rwanda. The Conference of Heads of Government of the Caribbean Community maintains that it is still the turn of the Caribbean to provide a candidate for the position. In that regard, two…
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Jamaican economy confirmed to grow by 5.8% in 3rd quarter: CARICOM BUSINESS
Total value added for the Jamaican economy increased by 5.8% during the third quarter of 2021 relative to the third quarter of 2020. According to the Statistical Institute of Jamaica, this was attributable to growth in both the Services and Goods Producing Industries of 7.1 and 2.4% respectively. The growth in the Services Industries was due to improved performance in…
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Jamaica records growth of 6.3% for 3rd calendar quarter: CARICOM BUSINESS
The Jamaican economy grew by 6.3% for the July-September 2021 quarter relative to the similar quarter in 2020, reflecting continued recovery in most sectors, except mining, growth estimates from the Planning Institute of Jamaica, PIOJ, reveal. The mining sector declined 31% given the closure of a principal alumina plant and is expected to contract by 20 to 25% in 2021.…
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Regional educators endorse new COVID-era Learning Recovery and Enhancement Programme
The COVID-19 pandemic has wreaked havoc on the education system. Children were away from face-to-face learning for more than one school year, and had to navigate the adjustments to online learning, where it existed. While that was a much need response to the crisis, the disruption to the education system occasioned by the COVID-19 pandemic, created learning gaps that absolutely…
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Jamaica’s exports record growth of 24.6%: CARICOM BUSINESS
Jamaica’s total spending on Imports for January – May 2021 amounted to US$2,249.3 million, an increase of 12.0% relative to the same period in 2020. This increase was mainly attributable to higher imports of Fuels and Lubricants (42.7%) and Raw Materials / Intermediate Goods (13.8%). Total exports for the review period were valued at US$655.1 million, 24.6% above the US$525.7…
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