”Beyond Crime And Corruption – Practical Lessons From Colombia”
This year’s PSOJ/JMMB Annual Economic Forum, which was held on Friday, June 12, 2010 at the Hilton Kingston Hotel, was well supported by Jamaica’s private sector leaders and policymakers. The discussions at the Forum centre on the theme: "Beyond Crime And Corruption – Practical Lessons From Colombia”.
Economic News
”Beyond Crime and Corruption – Practical Lessons from Colombia”
Enthusiasm remains high among investors in Jamaica!
Enthusiasm remains high among investors in Jamaica! Investment projects across Jamaica’s various economic sectors remain on course for implementation, as investors continue to affirm their confidence in Jamaica in the wake of the recent unrest that affected some sections of Kingston, the capital city. (Read More)
PRIVATE SECTOR ORGANISATIONS SUSPEND TODAY’S PFT MEETING AGENDA
The four (4) organisations representing the private sector in the Partnership for Transformation (PFT) talks, The PSOJ, JCC, The MSME Alliance and the JEA/JMA, have expressed their full support for the partnership process and reiterate their strong commitment to the talks that are aimed at addressing the key economic and social issues facing the country.
PSOJ TAKES POLICY FRAMEWORK TO MANCHESTER
PSOJ President Joseph M. Matalon urged the Manchester business community to support the set of recommendations being put forward by the PSOJ in order for Jamaica to achieve economic growth and development. (Read More)
IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica.
IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica.
After approximatelysix months of intense negotiations the IMF has approved a standby lending facility for Jamaica. Please click here for the full release on the IMF’s website.
The PSOJ's annual economic seminar signals Jamaica's way forward
The PSOJ's annual economic seminar, held
last week Wednesday, succeeded in its key goals of advancing the discussion of
the way forward for Jamaica. PSOJ President Chris Zacca opened the seminar by
observing that "it cannot be business as usual if we are to survive the
challenges and difficulties of the current local and international
environment".
Responding to Jamaica's Economic Crisis
On Tuesday, March 24th, 2009 the PSOJ hosted its Second Chairman's Club Breakfast Forum at the Pegasus Hotel. The theme was "Jamaica Faces the Economic Crisis: How the Government Can Respond". The key speakers came to us from the Caribbean Policy and Research Institute (CaPRI) and included Dr. John Rapley (President), Dr. Damien King (Deputy President of CaPRI), and Miss. Latoya Richards (Senior Research Officer).
"Council of Presidents" Calls for Unity, Partnership To Deal With Jamaica's Economic Woes
A group of twenty one private sector business association Presidents, dubbing themselves the “Council of Presidents” met on Tuesday in a show of unity to discuss some of the critical issues affecting the Jamaican economy, in the wake of the global economic crisis. This was the first time, in many years, that the association presidents, representing the key sectoral interests in the business community, were meeting, hosted by Sagicor Life Jamaica at its New Kingston headquarters.
Making the Most of the EPA
The Right Honourable Owen Arthrur MP, former Prime Minister of Barbados, urged Jamaican Private Sector leaders to make the most of the recent Economic Partnership Agreement (EPA). He made this pronouncement at the Inaugural PSOJ Chairman's Club Forum on Tuesday, February 3rd, 2009 at the Jamaica Pegasus Hotel. This event was sponsored by LIME and NCB.
Decline in global Automotive Sales Jeopardizes local Alumina Industry
The local industry for Alumina and Bauxite is currently being exposed to significant risks due to a downturn in the automotive industry on a global scale. The impact of the global financial crisis and its spillover effects on real economies across the globe, has led to a significant contraction in the demand for durable goods such as automobiles.
Bank Of Jamaica Intervenes to curtail Foreign Exchange Depreciation
On December 1, 2008, the Bank of Jamaica (BOJ) raised interest rates on the full range of Certificates of Deposit. The effective increase in CD rates ranged from 235 bps on 30-days tenor up to a 730 bps increase on 365-days tenor.
Government Stimulus Package in response to Global Financial Crisis
On December 14th, 2008 the Prime Minister, The Honorable Bruce Golding MP, gave an address to the nation outlining the impact of the global financial crisis on Jamaica and policy measures that the government has taken to remedy the situation.
IMF Managing Director Speaks At PSOJ Luncheon
On December 10, 2008 the PSOJ held its Annual Christmas Members' Luncheon at the Hilton Kingston Hotel. Specially invited guests were Keynote Speaker Dominique Strauss-Kahn, Managing Director of the IMF, and the Honourable Audley Shaw, Minister of Finance and the Public Service...
Jamaican Remmittances Remain Strong
On October 24th, 2008, the Bank of Jamaica (BOJ) released data on remittance flows to the economy. Net Remittance Flows for the first nine (9) months of 2008 has increased by 8.5% when compared to the corresponding month last year. This growth is against the backdrop of a 8.8% increase in remittance inflows and a 10.8% decline in outflows.
PSOJ/Citi - Economic Forum
On June 5th 2008, the PSOJ held their Annual Economic Forum at the Bank Of Jamaica Auditorium. Speaking at the event were: President of the Inter-American Development Bank (IDB), Mr. Luis Alberto Moreno as the keynote speaker; the Minister of Finance and the Public Service, Hon. Audley Shaw; and the Opposition Spokesman, Dr. Omar Davies. All three speakers sought to address the main theme of the forum "Managing Realistic Expectations for the Jamaican Economy-Going for Growth".
