MONTEGO BAY, St James — Opposition spokesperson on science and technology Julian Robinson says while adopting 5G mobile networks is imminent, it comes with a number of risks. He is therefore urging Jamaica to look into the risks associated with the new technology as it mulls its adoption. The fifth

BRUSSELS, Belgium (AFP) — Britain and the European Union reached a last-ditch Brexit deal on Thursday, just hours before an EU summit that is expected to give it a seal of approval. But Prime Minister Boris Johnson will still have to take the accord to a sceptical British parliament for

In this August 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. (AP Photo/Kin Cheung, File) WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting

This 2011 photo provided on Monday October 14, 2019 by the National Scientifc Research Center, CRNS, shows Esther Duflo, who was awarded the 2019 Nobel Prize in economics along with Abhijit Banerjee and Michael Kremer Monday , October 14, 2019, for pioneering new ways to alleviate global poverty. Two researchers

Goran K Hansson, Secretary General of the Royal Swedish Academy of Sciences (center) and academy members Peter Fredriksson (left) and Jakob Svensson announce the winners of the 2019 Nobel Prize in Economics during a news conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, Monday, October 14, 2019.

Lloyd Parchment, the co-chairman of the Anti-Fraud Committee of the Jamaica Bankers Association, says fraudulent activities have emerged as an area of major concern in the island in recent years. “A lot of persons might not realise that fraud is one of the few growth industries in Jamaica right now,”

Finance and Public Service Minister Dr Nigel Clarke leaves for Washington this weekend to among other things attempt to do what his predecessor, Audley Shaw was unable to do, which is to get the American banking community to relax their de-risking concerns on Jamaica. Dr Clarke will be attending the

The measures mandated by the Financial Action Task Force, FATF, and its regional arm, while meant to keep constrain illicit financing of terrorists and other schemes, is now putting undue burden on non-profit operations that could drive then into the ground. The addition of non-profits to the list of entities

Jamaica is set to tighten oversight of money flows by year end through amendments to the Proceeds to Organised Crime Act and the Terrorist Prevention Act. However, the timeline for the passage of legislation to police microlenders is not as certain. The bill, known as the Microcredit Act, is aimed

Many of the jobs currently being created in the Jamaican economy are comparable to the same low value-added ones produced two decades ago, according to the governor of the Bank of Jamaica, the BOJ. “Thank goodness for them because they are jobs, and the people getting them didn’t have any