Just as the Caribbean was emerging from the debt crisis…
myiaj_admin2020-05-26T00:57:26+00:00BEFORE the COVID-19 pandemic the small, middle-income developing economies of the Caribbean had been slowly but steadily emerging from their prolonged debt crisis. Now, thanks to COVID-19, their existing debt situation will worsen dramatically. Reduced tax revenue and foreign exchange earnings, plus increased expenditure on public health and on the
Business owners urged to adjust to survive
myiaj_admin2020-05-26T00:54:32+00:00MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dwyer-Powell and her predecessor Garfield Green have added their voices to those urging entrepreneurs to find new ways of operating in order for businesses to survive the COVID-19 pandemic. Dwyer-Powell told the Jamaica Observer by telephone last Friday that
Millions more Americans file for jobless benefits; productivity tanks
myiaj_admin2020-05-26T00:41:56+00:00WASHINGTON (Reuters) - Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen. The deepening economic crisis triggered by nationwide lockdowns to slow the spread of
General Accident launches new insurance policy for SMEs
myiaj_admin2020-05-26T00:37:45+00:00General Accident Insurance Company has launched a new combined business insurance policy for small and medium-sized businesses. The company says Future 360 Combined Insurance Package is a cover policy specific to the new operational models being rapidly developed during the COVID-19 pandemic. The package includes coverage for property damage to
Short term rental business takes hit from COVID-19
myiaj_admin2020-05-26T00:33:25+00:00Industry experts have concluded that the short term rental business in Jamaica is almost non-existent due to the impact of COVID-19 on the island. They are also warning of more disruptions in the real estate sector in the short to medium term. Business Advisor Gillian Jackson and Dennis Chung, a
Historic Data Protection Bill approved in the House
myiaj_admin2020-05-26T00:29:11+00:00The long-awaited Data Protection Bill was passed in the House of Representatives on Tuesday with bi-partisan support and no amendments. The historic passage of the legislation means that Jamaica has joined the growing lists of countries whose citizens enjoy requisite safeguards of their personal information. It will now go to
FSC implements changes to supervisory framework during COVID-19
myiaj_admin2020-05-26T00:26:04+00:00The Financial Services Commission (FSC) has embarked on a programme of key regulatory reforms designed to ensure transparency and stability of its regulated industries. These actions are being undertaken in partnership with key industry stakeholder groups as well as the Bank of Jamaica (BOJ). The FSC which is charged with
Sagicor Life Mandeville donates to the less fortunate
myiaj_admin2020-05-26T00:21:22+00:00Charles Frater of New Green, Mandeville, looks at items donated by Dale Greaves Smith (right), Senior Branch Manager, Sagicor Life, Mandeville, during a visit to his home. AddThis Sharing Buttons Share to Facebook Share to TwitterShare to LinkedInShare to WhatsAppShare to MessengerShare to EmailShare to TelegramShare to More Financial advisors
More Jamaicans seeing doctors online during pandemic
myiaj_admin2020-05-26T00:17:14+00:00More Jamaicans, including senior citizens, are seeing doctors online for diagnosis and treatment during the COVID-19 crisis. That's according to Dr Che Bowen, CEO of MDLink, a telemedicine company operating on the island. Speaking during an online forum discussing the future of Jamaica’s economy after the pandemic, Dr Bowen said