While some companies have already initiated business continuity plans to offset financial hits caused by COVID-19, others are not fully able to address the fast-moving and unknown variables of a pandemic. To this end, Chris Williams, CEO of private equity firm PROVEN, advises entrepreneurs to seek alternative investments. “The pandemic
MINISTER of Science, Energy and Technology Fayval Williams is calling for society to view road traffic deaths as a global pandemic in the way that the novel coronavirus disease (COVID-19) is. She made the appeal as she addressed the Jamaica Gasolene Retailers Association (JGRA) Virtual Road Safety Launch on Wednesday.
As businesses in the leisure and hospitality industry became affected by the impact of COVID-19, the operators of the popular Usain Bolt Tracks and Records (UBTR) eateries said they have suffered significant losses. This, as earnings plummeted by approximately 90 per cent across their locations in Kingston and Montego Bay.
More than a year since discussions resumed between the Government and the microcredit sector on provisions for legislation to regularise the microfinancing institutions (MFIs), the parties are still worlds apart in terms of reaching an agreement. Minister of Finance and the Public Service Dr Nigel Clarke met with the bodies
KINGSTON, Jamaica — The Data Protection Act, 2020, which seeks to safeguard the privacy and personal information of Jamaicans, was passed in the Senate on Friday. The Bill, which was approved without amendments in the Lower House on May 19, got the Senators' greenlight with three amendments. Leader of Government
Sagicor Group has welcomed the announcement that Playa Hotels and Resorts has secured additional financing of US$224 million. Playa owns and operates the Hyatt Ziva and Zilaria hotels, as well as the Jewel Paradise Cove and Hilton Rose Hall resorts in Jamaica. Sagicor owns 15 per cent of Playa Hotels
KINGSTON, Jamaica — The Earthquake Unit at the University of the West Indies, Mona says the epicentre for the minor earthquake which struck Jamaica this morning was located in the Blue Mountains, approximately seven kilometres north of Penlyne Castle in St Thomas. According to the unit, the 3.7 magnitude
Even though the number of reported COVID-19 cases in the Caribbean is rising, some islands which have not registered a new case in days have begun to relax restrictions. Barbados, Belize, Antigua and Barbuda and the US Virgin Islands have all begun a phased reopening of businesses. With only three
Carnival Cruise Line announced Monday it will start cruising again, from Florida and Texas, beginning in August. These Caribbean trips will be the company's first new itineraries since the coronavirus pandemic forced a near-total pause in the global cruise industry. The ports of Miami, Cape Canaveral and Galveston, Texas were
Confirmed Caribbean coronavirus cases as of today, May 8: Dominican Republic- 9095 cases, 373 deaths, 2064 recovered Puerto Rico- 2,156 cases (positive only patients), 107 deaths Cuba- 1729 cases, 73 deaths, 1031 recovered Jamaica- 488 cases, 9 deaths, 58 recovered Martinique-182 cases, 14 deaths, 83 recovered Guadeloupe-153 cases, 13 deaths, 104 recovered French Guiana- 138 cases, 1 death, 112 recovered Bermuda- 118 cases, 7 deaths, 61 recovered Haiti- 129 cases, 12 deaths, 15 recovered Trinidad and Tobago- 116 cases, 8 deaths, 103 recovered Aruba- 101 cases, 2 deaths, 89 recovered Guyana- 93 cases, 10 deaths, 27
