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  • Quality of life confidence up, survey shows

    October 10, 2014 2:00 AM 31

    JAMAICANS are expressing increased satisfaction with their lives, despite job prospects nearing record lows, according to the Confidence Index released Wednesday. Overall, consumer and business confidence for the third quarter 2014 dipped slightly to 97.8 and 112.1 points from 100.8 and 112.8 points respectively three months earlier. Confidence, however

  • Lasco upgrading software to fight lotto scammers

    October 10, 2014 2:00 AM 29

    LASCO Financial, which offers cambio and remittance services, will this month fortify its MoneyGram network with two software upgrades to block lotto scammers and improve its analytics. It's the latest remittance company to move against criminals following the much publicised lockdown by rival Western Union in 2012. "It's a remittance software done by MoneyGram

  • Jamaica's prospects shine brighter, says JP Morgan

    October 10, 2014 2:00 AM 28

    IN its October Emerging Markets Outlook and Strategy dated last Friday, on the eve of the International Monetary Fund's (IMF's) annual global summit in Washington, leading US investment bank JP Morgan stated that Jamaica's "Prospects shine brighter". The rating improvement, JP Morgan said, reflects improved external liquidity, a return to positive GDP growth

  • Business sector forecasts slow slide to J$115 = US$1

    October 10, 2014 2:00 AM 25

    Businesses expect the local currency to slide towards $115 to US$1 by August 2015, a slower pace than previously expected, according to a Bank of Jamaica (BOJ) report. It signals growing stability in the financial sector which, up to mid-year, suffered from faster depreciation. The expected depreciation would result in 3.8 per cent decline over the review

  • Latin America and Caribbean exports stagnate for 3rd straight year

    October 10, 2014 2:00 AM 28

    SANTIAGO, Chile — Latin America and the Caribbean's foreign trade will experience its third year of stagnation in 2014, due to minimal growth in the region's exports and a slight decline in its imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported yesterday. According to the United Nations organisation, the value of the region's

  • Scotia sets SME loan at 9.5 interest

    October 10, 2014 2:00 AM 22

    SCOTIABANK has revealed an interest rate of 9.5 per cent per annum for its new $500-million small and medium enterprises (SMEs) loan fund. The fund, which was opened last month, will enable borrowers to access up to $15 million secured, and $2 million unsecured, with a maximum of five years to repay. When the fund was launched in August, Scotiabank Jamaica

  • Phillips in Washington DC for meetings

    October 9, 2014 7:58 PM 32

    2:56 pm, Thu October 9, 2014 Finance and Planning Minister, Dr. Peter Phillips is in Washington DC to attend the 2014 annual International Monetary Fund (IMF) and World Bank board meeting, which is being held from October 8 to 13. While in Washington, Dr. Phillips will hold discussions with officials from the IMF, Inter-American Development Bank (IDB)

  • How to Get Your Money Groove Back

    October 9, 2014 2:00 AM 25

    Recently, a reader confided that she believed that she had lost her enthusiasm for her life goals and that she felt weary whenever she thought about all the tasks she had to complete to make her dreams come true. Somewhere along the way, it seems her get-up-and-go approach had deserted her. Although she knew exactly what she wanted to achieve and was very clear

  • Growth in business confidence continues

    October 9, 2014 1:34 AM 29

    6:27 pm, Wed October 8, 2014 According to the third quarter business and consumer confidence indices released on Wednesday firms viewed prospects for the economy more favourably than any time since the start of 2012. The results suggest that businesses believe that the Government's economic policies are having a favourable impact. More firms are also willing

  • Digicel maintains redevelopment initiative downtown

    October 9, 2014 1:00 AM 12

    DIGICEL Foundation showcased its continued commitment to the redevelopment of Downtown Kingston with the unveiling of a new monument at the Breezy Castle Roundabout last Thursday. The monument, entitled "Evolution" was unveiled by the Minister of Education Rev Ronald Thwaites, on behalf of Prime Minister Portia Simpson Miller, as part of Digicel Foundation's