Dr Michelle Reece-Mills (left) receiving a cheque for $1 million on behalf of The University Hospital of the West Indies Paediatric Oncology Department, presented by Cedric McDonald, JMF fundraising chairman. At centre is Orville Johnson, executive director of the Insurance Association of Jamaica, who is also a director of the
The United Nations World Economic Situation and Prospects mid-2020 report says Gross Domestic Product in Latin America and the Caribbean is projected to shrink by 5.4 per cent this year—the largest contraction in the region's history. It said average per capita income is expected to decline to the lowest level
The Factories Corporation of Jamaica project, which is geared towards providing additional space for manufacturing, warehousing and distribution, among other activities, will entail the construction of 13 buildings and other facilities on 8.7 acres of land, across three phases. Some 370,000 square feet of additional space is slated to be
As the world and by extension Caribbean economies reel from the impacts of the COVID-19 pandemic, it is believed that special effort will have to be undertaken in order to combat the debilitating impacts and chart a path of positive recovery for the region. Inter-American Development Bank's (IDB) resident representative
Information technology experts are urging small and medium enterprises (SMEs) to utilise productivity software to manage their business operations during the COVID-19 pandemic. With staff working from home or remotely, businesses are being implored to make use of technology to maintain the channels of proper communication and allow employees to
Jamaica's tourism industry will be reopened in short order with a date to be announced soon. That's the word from the country's tourism minister, Edmund Bartlett. Speaking at a COVID-19 media briefing held earlier this week, the minister said that plans are being put in place and protocols far-advanced to
Finance Minister Dr. Nigel Clarke has reported that the COVID-19 pandemic is expected to cost Jamaica $120 billion. He revealed the number Wednesday afternoon in the House of Representatives as he presented a revised budget to accommodate the COVID-19 costs. Dr. Clarke explained that the price tag for the epidemic
The Caribbean Development Bank's (CDB's) newest facility funded by the 11th European Development Fund (EDF) is oversubscribed, this based on the overwhelming response it has received from countries in the region. In a release on Monday the entity said that the overwhelming response stemmed from a proposal by the bank
KINGSTON, Jamaica — The International Labour Organization (ILO) says based on its latest data, 9.9 per cent of working hours, which is the equivalent of 1.5 million full-time jobs, in the Caribbean are expected to be lost during the second quarter of this year due to the impact of COVID-19.
