PARIS, France (AFP) — Rich nations appeared yesterday to be moving towards a temporary debt relief deal to help poor countries weather the coronavirus pandemic. Finance ministers and central bankers from Group of Seven (G7) countries said Tuesday they favour a temporary halt to debt payments from the world's poorest
NEW YORK, United States (AFP) — Global stocks mostly rose yesterday as markets embraced better coronavirus case counts in some hot spots, while oil prices slumped amid scepticism over a historic agreement by petroleum producers. Major US indices gained more than two per cent, the latest positive day for stocks
Key Insurance Company, which was recently taken over by GraceKennedy Group, saw its 2019 losses increase to $769.5 million, some four and a half times the loss of $167.5 million it experienced in 2018. The financial haemorrhaging stemmed from, among other things, gross premiums written going down by $268 million
The Private Sector Organisation of Jamaica (PSOJ) in its continued effort to support small- and medium-sized enterprises (SMEs) and help them to navigate the challenges of the novel coronavirus disease (COVID-19), has advised the sector to preserve cash where possible in order to deal with any unforeseen circumstances that may
THOUGH the Government of Jamaica has issued an order requiring those who can work from home to do so, there are many Jamaicans who, due to the nature of their work, cannot comply. In fact, consistent with the terms of the order, such a worker is required to go to
Following on my last article I thought it would be good to look at the possible economic impact of COVID-19 on Jamaica, especially in light of the report from Fitch that they expect a four per cent economic decline for 2020. The Prime Minister (PM) laid out an argument, which
Jamaica will play a key role in the restoration of global tourism when the coronavirus pandemic ends, is the promise of Tourism Minister Edmund Bartlett. According to Minister Bartlett, “Jamaica is not just working to help its own tourism sector recover, but is looking to help other Caribbean destinations and
Tax Administration Jamaica (TAJ) wishes to advise employers that an enhanced Form P45 has been designed for them to electronically provide information on the particulars of employees laid off from their employment, via the TAJ website at www.jamaicatax.gov.jm. The form has been enhanced to support the validation process, which will
The Bank of Jamaica (BOJ) has removed the restriction on the price at which B-FXITT participants can resell the US$20-million intervention funds, which was auctioned on Wednesday. While the restriction has been removed on the resale price, the BOJ has imposed a new restriction for this auction, whereby the resale
The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new International Labour Organization (ILO) report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the crisis. GENEVA (ILO News) — The COVID-19 crisis is expected to wipe out 6.7
