9:48 am, Tue October 20, 2020 1.                                                                                                                                                                                                                                                                                                                                                                                                                          The World Bank says that the  economic outlook for Caribbean economies is more grim with a 7.9 per cent contraction now predicted versus 7.2 per cent in June. The bank's latest report on the region's macroeconomic outlook reveals that among the hardest-hit economies

Jamaica is far advancing its regulatory and monitoring regime for the proliferation of fifth generation (5G) mobile technology services in Jamaica. Already the regulator of mobile technology in Jamaica, the Spectrum Management Authority (SMA), is laying the groundwork for the onset of 5G services locally. 5G is expected to increase

Amid rising cybercrimes and sophisticated digital attacks on companies globally, a British Caribbean Insurance Company (BCIC) executive has said that the underwriting company is in the process of adding cyber insurance as a new line to its already extensive list of products. Lori-Ann Glasgow, general manager of marketing at

Jamaicans infected with COVID-19 will soon have access to the antiviral drug Remdesivir which has proven to shorten the recovery time for some patients. The Ministry of Health and Wellness has indicated that it will be procuring supplies of the drug through the National Health Fund to treat COVID-19 patients

The freshly released Bank of Jamaica (BOJ) report for remittances for the month of July 2020 indicates that inflows continue to climb year over year. January to July 2020 remittance inflows totalled US$1555.1 million, central bank data shows. This compares to US$1371.8 million registered in the comparative January to July

President of the Jamaica Chamber of Commerce (JCC) Lloyd Distant Jr says responses to the fallout from the COVID-19 pandemic for those operating in the informal economy cannot separate the health and economic impact and to this end must include a multi-track strategy that combines a couple lines of action.

Nestlé Jamaica Limited has introduced a new line of roast and ground coffee as well as roasted whole beans to the local market under a partnership with boutique roasters Stoneleigh Coffee. According to the Switzerland-based company, which is celebrating its 80th year of operations in Jamaica, the Nescafé Jamaican Roast

The executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, says that the private sector – and chambers of commerce in particular – will play a key role in the economic recovery of the region from the coronavirus (COVID-19) crisis. In her remarks