While the Bank of Jamaica (BOJ) assured the public recently that current holdings of the Jamaica dollar liquid balances by the banking system are adequate for immediate needs, it is further advising financial institutions that it will facilitate expanded access to both foreign currency and Jamaica dollar liquidity through various
The Jamaica Customs Agency (JCA) is assuring its stakeholders that the agency continues to facilitate imports and exports, while it continues to institute the relevant public health protocols for both staff and customers in combating the coronavirus disease (COVID-19). The JCA is also imploring stakeholders to adhere to health
THE downturn in the Jamaica Stock Exchange (JSE) since the start of the year, coinciding with fears around the coronavirus (COVID-19) pandemic across the global economy, is prompting the JSE to consider the way forward as Managing Director Marlene Street Forrest says it is currently analysing market patterns. According to
The Private Sector of Jamaica (PSOJ) has advised members of the small-and medium-sized enterprises (SMEs) to enforce sound business practices in the wake of the novel coronavirus disease (COVID-19), highlighting it as a vulnerable time for the sector. According to PSOJ President Keith Duncan who is also the chairman of
Some financial institutions in its response to providing support for customers, especially those most affected by the impacts of the novel coronavirus (COVID-19), has drafted specialised measures to cushion possible effects. According to the National Commercial Bank (NCB), it understands that customers, in the wake of this unplanned health crisis,
U.S. stock indexes plunged about seven per cent Monday as the Federal Reserve's drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession. Trading on Wall Street's three main stock indexes was halted for 15 minutes shortly after the open, the third such pause in six
Prime Minister Andrew Holness and Health Minister Dr. Christopher Tufton The government has said all non-essential work must be done from home for both the public and private sector, effective Wednesday, March 18. It was one of several announcements made by Prime Minister Andrew Holness on Monday at a
With the recent official announcement of the imported cases of the novel coronavirus (COVID-19) to Jamaica, many are asking about the impact to their savings and investments, and what opportunities may lie ahead, said the Keith Duncan-led JMMB Group in a circular to members. “The reality is that long before
MONTEGO BAY, St James — The local tourism sector is now in a tailspin following news that the Canadian Government has cautioned its citizens against non-essential travel and imposed general limitations in movement in response to the novel coronavirus disease (COVID-19). The World Health Organisation put the number of
April 1, the General Consumption Tax (GCT) will be reduced from 16.5 per cent to 15 per cent. The 18-billion dollars in tax reduction is a 4-billion dollar improvement on the 14 billion dollars in tax cuts the Government implemented in the last financial year. That same day Finance
