WITH the country's tourism sector taking a beating as a result of the new coronavirus pandemic, Finance Minister Dr Nigel Clarke says Government is looking to aggressively diversify the economy as the need for jobs and hard currency earnings grow. He made it clear, though, that the tourism sector, which

Key Insurance Company Limited is considering a rights issue to raise much-needed capital to boost its capital base, which has taken a hit over the last year and a half. The company's new management has already agreed to and recommended the rights issue, which will be considered at a board

The Development Bank of Jamaica (DBJ) has embarked on the implementation of a new product, the Innovation Grant Fund, to provide financial support for medium-sized companies looking to introduce or expand innovative processes, products, and/or services. General manager for Strategic Services at the DBJ, Christopher Brown, said that the

Sygnus Credit Investments is positioning itself to play a major role in financing the recovery and growth of Caribbean middle-market firms, as it ends its 2020 financial year in June on a high. The investment company says it remains well placed from a liquidity, funding profile and capital standpoints to

The Observer's Sunday Finance shares with its readers the latest Jamaica Manufacturers and Exporters Association (JMEA) COVID-19 Impact Survey.  The results of the survey were published last week. GENERAL INFORMATION • Jamaica Manufacturers and Exporters Association (JMEA) has a membership base of approximately 500 members, survey was done using 20

LAST year, Dr Horace Chang, minister of national security, had high hopes that he would have had a fully operational traffic ticketing system in place. “There is a traffic ticketing management system that was acquired from some time back, but the system was never properly operationalised,” he told the House

Jamaica's labour market conditions, which have taken a hit from the novel coronavirus pandemic, will worsen over the next two years based on latest projections by the Bank of Jamaica (BOJ) supported by independent economic analysts. Jamaica has made significant progress over the years by bringing the unemployment rate to

As the novel coronavirus pandemic continues to impact businesses across the globe, some stakeholders are indicating that remote working may very well become a semi-permanent fixture in the future of work. Speaking at this month's edition of the Caribbean Economic Forum held under the theme 'The future of work is

TOURISM stakeholders and COVID-19 Resilient Corridor interests are encouraging more Jamaicans to embrace the 'Rediscover Jamaica' campaign in efforts to drive a sustainable domestic tourism market. The initiative, which is being promoted by the Jamaica Tourist Board (JTB), was launched in July and encourages Jamaicans to take advantage of the

Tourist attraction company Dolphin Cove Limited became the only listed company on the local stock exchange during the second quarter to record no revenue. This followed the closure of its facility from March 20 until mid-July. This is a new phenomenon as no other company had ever gone a quarter