Many Jamaicans have crossed over into 2022 with high personal debt, with much of their burden exacerbated by the past 22 months of the pandemic. Household debt, according to the Bank of Jamaica in its Financial Stability Report 2020, increased 3.4 per cent in 2020 alone, while the ratio of

KINGSTON, Jamaica - Stakeholders in the local tourism industry have given their support to recommendations made by the World Health Organisation [WHO] calling on nations to lift travel bans and mandatory vaccination for entry into countries. The WHO, in a statement on Friday, reasoned that closed borders failed to contain

Double amputee Cara Moore now has plans to expand her fledgling chicken-rearing business to a 500-bird capacity enterprise that she started after losing her legs to diabetes in 2016 and 2020. The 36-year-old graduate of the College of Agriculture, Science and Education, who is a single mother of two boys,

Many fixed income investments have a predefined maturity date. When making the investment, the date is stated in the contract and known by the investor. There are also some investments which may have embedded clauses to allow the issuer of the investment to repay investors early. This is known as

Although the pandemic has caused upheavals and hardship around the world, it has fallen particularly hard on low- and middle-income countries (LMICs). Vaccine availability has been far more limited in LMICs than in rich countries, and the refrigeration facilities needed to store the most effective vaccines are severely limited. In

Government Senator Don Wehby on Friday assured the nation that he would undertake personal oversight of the long-promised unemployment insurance scheme, to ensure that it becomes a reality. His comments come more than a year and half after Finance Minister Nigel Clarke announced that the Planning Institute of Jamaica

Adrian Stokes will remain in the financial sector following his exit from Scotia Group Jamaica, SGJ, a month from now, but the strategist is not saying what his next role would entail. “It is a move I consider to be of long-term strategic value. I will remain in the financial

THE island's two largest commercial banks have announced new and increased fees that will take effect between January and March 2022, including automated teller machines (ATMs) charges and other fees, drawing the ire of St Catherine Southern Member of Parliament Fitz Jackson. Since the start of 2022, NCB has introduced

Even as consumers battle price inflationary pressures while the economy recovers from the novel coronavirus pandemic, Jamaica Broilers Group Limited (JBG) has announced that a 10 per cent price increase will be applied at the end of January. “It's incredible what's happening, and it's so aggressive that it's not funny,”

The Bank of Jamaica (BOJ) remains firm that its digital currency will be for domestic use only. In an update provided to the Jamaica Observer, it said it is also not considering interoperability with any other CBDC or usable on any other digital wallet apart from deposit-taking institutions and payment