The Bank of Jamaica (BOJ) yesterday announced the appointment of Dr Wayne Robinson as senior deputy governor, following the departure of John Robinson who previously held the post. In a release statement, the central bank said that the appointment made by Dr Nigel Clarke, minister of finance and the public

Regional financial entity JMMB Group has reported a profit of $7.1 billion reflecting an uptick of 83 per cent for its financial year ended March 31 when compared to the previous year. Commenting on the company's good performance, JMMB Group CEO Keith Duncan said that the company, though operating in

To confront economic and climatic vulnerabilities of Caribbean countries that have only amplified since the COVID-19 outbreak, executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) Alicia Bárcena has called for urgent concessional funds to be provided to address these countries' vulnerabilities. According to her, Latin

Despite a revised basket of commodities, Jamaicans continue to spend a lot of their money on 'food and non-alcoholic beverages', which remains the most weighted division in a basket of other goods used in determining the Consumer Price Index (CPI). “When looking at the weights, the largest division continues to

The Jamaican economy lost $4.5 billion of real value in the March quarter, numbers that capture just the first three weeks of virus-containment measures that were cited as the cause of the decline. Economic output, measured as gross domestic product, or GDP, contracted 2.3 per cent in the period, and

BEIJING, China (AP) — China became the first major economy to report growth following the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Wednesday was a dramatic improvement

Thousands of office workers are now working from home as a result of the stringent measures implemented to reduce the spread of COVID-19. Companies and workers who may have been reluctant in the past have had to move quickly to embrace technology in order that they may maintain productivity. The

Given the ballooning cost for health care in Jamaica especially since the novel coronavirus pandemic, the Insurance Association of Jamaica (IAJ) is calling on the Government to accelerate the national health insurance scheme. The much-talked-about national health insurance scheme for Jamaica has been on the mind of successive Administrations but

Sagicor Life Jamaica is reporting a significant increase on its specialised digital portals as more of its clients pivot towards online transactions. The company, which last year launched eLife for the purchasing of life insurance policies, said it had seen a 400 per cent increase in the use of the