Cheque transactions top $2.3 trillion - Clearing House now testing electronic cheque system
Jamaica's five-year-old Automated Clearing House (ACH) processed cheques with face value totalling $2.3 trillion in the calendar year to November 2007, to surpass the full value of current account transactions in 2006. The ACH, whose members comprise the Bank of Jamaica...
Late start to minimum wage consultations - January decision uncertain
Government was late in constituting the National Minimum Wage Advisory Commission to lead annual consultations on a new wage floor, but Labour Minister Pearnel Charles says the administration is still optimistic that a recommendation could emerge in January. ...
Business as usual for forex traders - Olint appeals Supreme Court ruling, LewFam considering next move
Olint Corporation has already 'initiated' an appeal against the Supreme Court ruling of December 24, which held that its foreign exchange trading activity constitutes the business of investment, according to an email issued to its members obtained by Wednesday Business...
Oil ends '07 below US$96 per barrel - Traders eye US$100 crude this year
Traders eye US$100 crude this yearOil prices ended the year near $96 a barrel, or 57 per cent higher than where they began, and analysts expect rising demand and geopolitical instability to keep upward pressure on energy costs early in 2008. "There's a good chance...
Regional economies need to invest big in infrastructure - IDB - Moreno suggests spend of 4-7 per cent of GDP
Regional economies have under-invested in infrastructure for years, limiting economic growth in the process, Inter-American Development Bank (IDB) Chief Luis Alberto Moreno has said. Now to catch up with boomers in Asia, Caribbean and Latin American governments...
Brazil hopes to create more jobs in '08
Brazil will invest heavily in infrastructure this year, helping the economy to grow faster and create jobs, President Luiz Inacio Lula da Silva said on Monday. Analysts said the government would have to cut its investments by half this year after the Senate voted...
French company to build Trinidad's offshore pipelines
Technip USA, a unit of French oil services group Technip, has been awarded a contract by Trinidad and Tobago's state-owned National Gas Company (NGC) to build two new offshore pipelines, one of which will terminate in Tobago. Technip will provide engineering ...
More Jamaicans hunting regional jobs - 600 Trinidadians seek jobs here
The number of skills certificates issued to Jamaicans seeking work in the region has almost doubled in 2007, according to Robert Miller, head of the CARICOM Single Market and Economy (CSME) unit in the Ministry of Foreign Affairs and Foreign Trade...
Job weakness likely to dictate interest rate cuts
Increasingly weak job growth is likely to dictate more interest rate cuts from the United States Federal Reserve in the first quarter of 2008, regardless of an uptick in inflation. The Federal Open Market Committee's (FOMC) single-minded focus on the growth-vs-inflation...
Cuba reports strong growth for fourth year
Cuba said last Friday its economy grew 7.5 per cent in 2007, the fourth year the Communist-run country has reported a big increase in the gross domestic product since being plunged into crisis by the Soviet Union's demise. Economy and Planning Minister...
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