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A service for banking industry professionals · Thursday, April 3, 2025 · 799,975,951 Articles · 3+ Million Readers
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Bank of Jamaica News Monitoring

  • Published on Apr 1, 2025

    Bank of Jamaica reports 890% surge in internet banking fraud Since 2020

    The Bank of Jamaica (BOJ) has issued a stark warning over the alarming rise in internet banking fraud, which has increased by an astounding 890 percent since 2020. This surge in cybercrimes, as outlined in the BOJ’s latest financial stability report for …

    Source: Caribbean National Weekly - Neutral
  • Published on 17:57 GMT

    $12 Billion Raised from TransJamaican Highway Public Offer

    Minister of Finance and the Public Service, Hon. Fayval Williams, has expressed pleasure with the public take-up of the Government’s 20 per cent stake in TransJamaican Highway Limited (TJH). The public offer for shares, which closed on March 18, attracted …

    Source: Jamaica Information Service - Gov't Institution
  • Published on 04:30 GMT

    BoJ reports 359 bids, worth J$62.5B, submitted Wednesday to mop up liquidity through fixed rate Certificate of Deposit

    The Bank of Jamaica has reported that 359 bids, valued at J$62.5 billion, were submitted on Wednesday for the $42 billion in liquidity it wanted to mop-up with its latest 6.25% per annum fixed rate Certificate of Deposit.   The Central Bank floated the …

    Source: Radio Jamaica - Neutral
  • Published on Apr 2, 2025

    Remittance flows to Jamaica up by 3.9% in January - BoJ

    The Bank of Jamaica has reported that, although remittance inflows to Jamaica increased by 3.9% to US$255.5 million in January of this year, it lagged significantly behind some other countries in the region.   During the same period the flows to Guatemala …

    Source: Radio Jamaica - Neutral
  • Published on Apr 2, 2025

    Forex: $158.54 to one US dollar

    April 1, 2025 KINGSTON, Jamaica — The US dollar on Tuesday, April 1, ended trading at $158.54 up by 18 cents, according to the Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended at $110.75 up from $110.40 and the British …

    Source: Jamaica Observer - Uncategorized
  • Published on Apr 1, 2025

    Data Expert Not Surprised by Rise in Internet Banking Fraud

    The CEO of 876 Solutions, Trevor Forest, says he’s not surprised by the rise in the incidence of internet banking fraud. He was reacting to the 2024 Financial Stability Report published by the Bank of Jamaica on Monday. The report notes a near 900 per cent …

    Source: Nationwide 90FM - Neutral
  • Published on Apr 1, 2025

    Jamaica's financial system remains resilient to shocks, says BOJ

    The Financial Policy Committee of the Bank of Jamaica says the country's financial system remains resilient to shocks.   The Committee says it is implementing measures to mitigate and respond to any challenges to system stability.   The BOJ and the …

    Source: Radio Jamaica - Neutral
  • Published on Apr 1, 2025

    BOJ says only two bids submitted for $2.5 billion in Monday's repurchase offer

    The Bank of Jamaica has reported that only two bids were submitted for the $2.5 billion in repurchase agreements it offered to the market on Monday.    The BOJ said it accepted the two bids for the full amount it was offering.    The weighted average …

    Source: Radio Jamaica - Neutral
  • Published on Apr 1, 2025

    Growth & Jobs | Two female entrepreneurs get $1m each to support their businesses

    The Development Bank of Jamaica (DBJ), through its Boosting Innovation, Growth and Entrepreneurship Ecosystem (BIGEE) Programme, hosted the Boost Her Biz Pitch Sessions & Awards Ceremony at the Inter-American Development Bank’s (IDB’s) Jamaica head …

    Source: The Gleaner - Neutral
  • Published on Apr 1, 2025

    Growth & Jobs | ‘Don’t only focus on your craft’

    ASPIRING FEMALE entrepreneurs and women already in business in the creative industries are being urged to seize opportunities and information that will prepare them to access capital and build their enterprise. The advice came from three women financiers …

    Source: The Gleaner - Neutral
  • Published on Apr 1, 2025

    Forex: $158.36 to one US dollar

    March 31, 2025 KINGSTON, Jamaica — The US dollar on Monday, March 31, ended trading at $158.36 down by 10 cents, according to the Bank of Jamaica’s daily exchange trading summary. Meanwhile, the Canadian dollar ended at $110.40 down from $113.07 and the …

    Source: Jamaica Observer - Uncategorized
  • Published on Apr 1, 2025

    Internet Banking Fraud Balloons by Nearly 900%

    The Bank of Jamaica, BOJ, says internet banking fraud has gone up by nearly 900 percent since 2020. The central bank’s latest financial stability report for 2024 has identified internet fraud and cyber risks as two of the most significant emerging threats …

    Source: Nationwide 90FM - Neutral
  • Published on Apr 1, 2025

    Domestic Financial Markets Remain Stable- BOJ

    The Bank of Jamaica says domestic financial markets remained generally stable during 2024. It says the domestic stock market showed a modest improvement relative to the prior year. Similarly, the foreign exchange and bond markets exhibited relative …

    Source: Nationwide 90FM - Neutral
  • Published on Mar 31, 2025

    The price of survival

    As of June 1 the national minimum wage will increase from $15,000 to $16,000.. Picture this: It’s a steamy morning in Montego Bay, and Marlene, a single mother of two, drags herself to her cashier job at a bustling tourist shop. She earns Jamaica’s …

    Source: Jamaica Observer - Uncategorized
  • Published on Mar 31, 2025

    Digital banking push: Jamaican banks hike branch fees, keep online costs low

    Customers are reportedly showing preference for faster, more convenient and cost-effective banking solutions. JAMAICANS who rely on in-person banking are facing steeper costs this year, according to new central bank data, as major institutions hike fees …

    Source: Jamaica Observer - Uncategorized
  • Published on Mar 31, 2025

    Municipal Authorities Will Be First on Speed Agenda – PM Holness

    Prime Minister, Dr. the Hon. Andrew Holness, says the municipal authorities will be the first to receive attention as Government moves to reduce bureaucratic hurdles under the Streamlining Processes for Efficiency and Economic Development (SPEED) programme …

    Source: Jamaica Information Service - Gov't Institution
  • Published on Mar 30, 2025

    BoJ holds rate steady

    Bank of Jamaica headquarters, downtown, Kingston. The Bank of Jamaica (BOJ) held its policy rate at six per cent during its March 2025 Monetary Policy Committee (MPC) meetings, citing confidence in the country’s improving inflation trends. However, the …

    Source: Jamaica Observer - Uncategorized
  • Published on Mar 30, 2025

    Oran Hall | Understanding your credit score

    A credit score is a number derived from mathematically analysing the past credit behaviour of an individual and is used in determining the individual’s suitability for receiving credit. It represents the assessed risk of individuals on a numeric scale such …

    Source: The Gleaner - Neutral
  • Published on Mar 29, 2025

    2025/26 Budget is for the People – Senator Johnson Smith

    Minister of Foreign Affairs and Foreign Trade, Senator the Hon. Kamina Johnson Smith, says the 2025/26 budget “is for and about the people of Jamaica.”    “The budget identifies the Government’s priorities in terms of the goals and aspirations for the …

    Source: Jamaica Information Service - Gov't Institution

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