The Statistical Institute of Jamaica (STATIN) in its latest report on the consumer price index (CPI) has said that the inflation rate recorded a movement of -0.3 per cent for the month of March. The rate in the previous month was 0.7 per cent. “The main contributor to this movement
Sagicor group has announced the recent appointment of Andre Ho Lung as the new chief financial officer (CFO) for the company. This follows the retirement of former CFO Ivan Carter, who demitted office on Friday last. “We are happy to welcome Andre to the Sagicor team and look forward to
Lager company Red Stripe has won a silver award for the quality of its beer from the International Quality Institute Monde Selection, adding to the brew's impressive collection of 11 gold awards and one other silver award. “It's a testament of our commitment to delivering first-class quality to our consumers.
KINGSTON, Jamaica — The Government says it has taken note of the unprecedented collapse in world oil markets today, which saw oil prices collapsing more than 99 per cent before going negative. In a statement, Minister of Finance and the Public Service, Dr Nigel Clarke said a small team from
KINGSTON, Jamaica— Prime Minister Andrew Holness is strongly urging Jamaicans to move into the digital age, saying that it is the way of the future. The prime minister made the call last evening during a digital COVID-19 press briefing at Jamaica House. "Too much of our business requires us to
WASHINGTON, United States (AFP) — Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 per cent globally this year, the biggest decline in
As world economies buckle under the impact of the COVID-19 pandemic, WorldRemit International has said that despite the talk of declines in the remittance sector, it has seen 100 per cent increase in its digital money transfer services. “While senders are sending less money per transaction, the number of transactions
Sagicor Group Jamaica has revised its investment strategy for this year owing to the COVID-19 pandemic, which has seen the conglomerate becoming more conservative in its investment plans for 2020. Sagicor President and CEO Chris Zacca, who made the disclosure in response to questions from the Jamaica Observer last week,
The Irish Times newspaper is reporting that Digicel has revealed that more than 75 per cent of creditors holding almost US$5.1 billion of the group's debt pile have so far agreed to write off a significant amount of what they are owed. Digicel, which has been left with a $7
NATIONAL Commercial Bank (NCB) has urged businesses to pay staff electronically, instead of with cheques, for the month of April to avoid pay disruptions resulting from branch closures and quarantines related to the COVID-19 epidemic. NCB, in a release, said in light of the St Catherine lockdown and the resulting
