The Bank of Jamaica is reporting that its recently overhauled regulatory regime for electronic retail payment system, dubbed the fintech regulatory sandbox, is receiving much traction from the local financial market. Already the Bank of Jamaica (BOJ) has received four applications for licences under the sandbox regime, which sets out

The Ministry of Industry, Commerce, Agriculture and Fisheries is reporting that Jamaica has been removed from the United States Trade Representative watch list, which the country has been on for decades. It says this follows the tabling of the Patents and Designs Bill by Portfolio Minister, Audley Shaw, which led

KINGSTON, Jamaica — Marathon Insurance Brokers (MIB) will cut in half the next instalment on insurance premium loans for all its clients who are health care practitioners under an initiative dubbed the COVID-19 Helping Hand Programme. The brokerage firm, which represents a significant number of health care practitioners, said the

Reuters news agency has reported that Jamaica is among twelve countries the European Commission is set to add to its list of states that pose financial risks to the bloc because of  anti-money laundering and terrorism financing shortfalls. Reuters said the information was contained in a draft document expected to

At least one major player in the financial sector, Chris Berry, chairman of Mayberry Investments, is cautioning about the recently imposed suspension of dividend payments by the Bank of Jamaica (BOJ). Last week the BOJ ordered that local financial holding companies and deposit-taking institutions suspend the distribution of dividends for

MIAMI United States (AFP) — Carnival Cruise Line announced on Monday that it will resume limited operations from Florida and Texas on August 1 after halting cruises because of the coronavirus pandemic which left some passengers trapped on its ships for weeks. Carnival said eight ships will resume cruises from

The Inter-American Development Bank (IDB), in its latest assessment of the impacts of the COVID-19 pandemic, has said that shocks will have significant implications for Jamaica's economic performance and growth prospects this year and beyond. In a recent assessment undertaken by the IDB Caribbean Country Department, it was highlighted that

IronRock Insurance Company Limited, on Friday last, reported an after-tax loss of $2.8 million for its first quarter ended March 31. The company was therefore able to reduce its losses when compared with the $9.7 million net loss recorded in the previous corresponding period. In the report to shareholders, IronRock

Mountaineers climbing Mount Everest, the world's highest mountain, may now benefit from 5G technology as Chinese information and communications technology Huawei, along with China Mobile, have jointly set up the world's highest base station on the world's highest mountain. Launching the gigabit optical fibre network at the high altitude has

Given the contraction in some of its business and the challenges resulting from the COVID-19 pandemic, Jamaica's largest commercial bank, National Commercial Bank Jamaica Limited (NCB), is accelerating its digital transformation initiative. The announcement has come as NCB reports a decline in profits attributable to shareholders for the six months