Insurance brokerage firm Caribbean Assurance Brokers Limited (CAB) has reported an unaudited net loss of $13.4 million for the six-month period ended June 30, 2020. This new result follows a net loss of $5.5 million in the previous corresponding period. The latest loss, according to CEO Raymond Walker, is attributed
BANK of Jamaica (BOJ) Governor Richard Byles says the economy is projected to contract by between seven and 10 per cent during the 2020-21 fiscal year as a result of the impact of the novel coronavirus. Speaking at the central bank's digital quarterly press briefing yesterday, the governor pointed
Dr Delroy Chevers, researcher and lecturer in information systems quality at The University of the West Indies, makes a point during a recent Jamaica Observer interview at the university's Mona campus in St Andrew. (Photo: Karl Mclarty) JAMAICAN software development firms must aim for at least a tier-three ranking
Montego Bay business mogul, Anthony ‘Tony’ Hart has died. He reportedly died on Thursday morning after a long period of illness. The businessman was primarily responsible for the development in Freeport, Montego Bay. The project created 350 acres of land and four berths for ships and today, is at the
The maximum payout to depositors, in prescribed circumstances pursuant to Section 18 (1) of the Deposit Insurance Act (DIA) was increased from $600,000 to $1.2 million. The increase which is effected through a Ministerial Order has been approved by both Houses of Parliament. The increase will take effect August 31,
EPSTEIN...The goal is to make work from home a big part of the sector going forward. It was rough to put 80 per cent of 2,100 people into remote working, and settling them once they got home Consul for the Jamaica Promotions Corporation's (Jampro) North American Regional Office Vivion Scully
Recently the Private Sector Organisation of Jamaica (PSOJ) held its annual economic conference in a virtual format under the theme 'Crossing the Chasm: The Road to Economic Recovery'. There was a very clear effort by the organisers to build on the 134-page report of the COVID -19 Economic Recovery Task
Ivolyn Dillon (second left), manager HEART Trust/ NSTA Petersfield Vocational Training Centre, and minister without portfolio in the Ministry of National Security Senator Matthew Samuda (third left), cut the ribbon to officially declare open the facility. Sharing in the moment are Dianne McIntosh (front row left), permanent secretary in
As the Jamaican dollar continues to hit record lows, the news is not good as there is not expected to be any ease in the near future of the country's foreign currency situation. In fact, central bank Governor Richard Byles has declared that Jamaica can brace for a substantial
MONTEGO BAY, St James - A senior member of the ruling Jamaica Labour Party (JLP) Government has described the noticeable resurgence in the sale of petroleum products and construction material as an indication that the economy, which was brought to its knees by the COVID-19 pandemic, is now on
