Scotiabank announced that it has entered into a seven-year agreement with Mastercard to provide an enhanced digital customer experience and new debit cards in four Caribbean countries: The Bahamas, Barbados, Dominican Republic, and Jamaica. The relationship will promote payments innovation focused on consumer experience, growth, and development of new value-added
Finance Minister Dr Nigel Clarke (standing) during his budget speech Tuesday in Gordon House. (Photo: Joseph Wellington) I've not read any budget documents through this year, but know that the spending estimates are about $855 billion 4.7 per cent, versus projected inflation of 5.0 per cent, for the fiscal year,
HE Government of Jamaica has increased the number of countries on which there is restricted travel from eight to nine in light of the COVID-19 outbreak. Speaking at a press briefing at Jamaica House last evening, Prime Minister Andrew Holness announced that travel restrictions were placed on the United Kingdom.
SEOUL, South Korea — Currency dealers monitor exchange rates in a trading room at KEB Hana Bank in Seoul on March 13, 2020. Global stock markets suffered historic falls as panic spread on March 13 over the spiralling COVID-19 coronavirus crisis that has killed nearly 5,000 and affected sports, schools
As a result of the heightened disruption triggered by the intensification of the coronavirus (COVID-19) pandemic, PROVEN Investments Limited has suspended its additional public offering of shares, with effect from Friday, March 13. “We are extremely mindful of the current environment amidst the COVID-19 pandemic. We support and encourage the
Scotia Group Jamaica is reporting an almost $2-billion decline in net income for the first quarter of 2020. This represents a sizable downgrade from the $2.32 billion net income recorded for the corresponding period last year. In its latest quarterly report for the period ended January 31st, Scotiabank was quick
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
The Ministry of Health & Wellness is reporting that two new cases of COVID-19 have been confirmed in the island, bringing the total number to 10, following the results from the National Influenza Centre, where 19 tests were conducted in the last 24 hours. Seventeen of the cases tested were
Mr. Speaker, I begin by thanking Almighty God, from whom all blessings flow. Great is thy faithfulness. Great is thy mercy and thy loving kindness. Mr. Speaker this is a demanding job and one I could not do without the support of family, friends and colleagues. To the Councillors and
Finance Minister Dr. Nigel Clarke has stated that it is likely the coronavirus will affect the government's economic growth projections. Dr. Clarke spoke on the possibility while opening the Budget Debate in the House of Representatives on Tuesday. The growth projections were included in the fiscal policy paper tabled a
