Pension and financial experts are calling on the Government to impose a system of compulsory pension payments and to relax restrictions on pension investments in equities, especially during the current economic downturn brought on by the COVID-19 pandemic. They say these changes are vital to pension funds reaping adequate
KINGSTON, Jamaica — Minister of Labour and Social Security, Lester Michael Henry, is encouraging more organisations to adopt and use flexible work arrangements, in light of the coronavirus (COVID 19) pandemic. In his speech, delivered by Chief Technical Director in the Ministry, Dionne Jennings, at a virtual productivity forum
MEXICO CITY (AP) — Tropical Storm Laura formed Friday in the eastern Caribbean and forecasters said it poses a potential hurricane threat to Florida and the US Gulf Coast. A second storm also may hit the US after running into Mexico's Yucatan Peninsula. The new tropical storm was centred
The Bank of Jamaica (BOJ) has announced its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum, effective Wednesday, August 19, 2020. The central bank’s monetary policy decisions are aimed at ensuring
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,
Health officials are currently conducting a risk assessment that will help to determine whether the proposed phased reopening of schools, beginning on September 7, should be delayed in light of the recent resurgence in COVID-19 cases. Minister of Education, Youth and Information, Karl Samuda made the disclosure while speaking on
A Tropical Storm Watch is in effect for Saba, St Eustatius, St Maarten, Antigua, Barbuda, St Kitts, Nevis and Anguilla since they are expected to experience the effects of tropical depression 13 within the next 48 hours. The US National Hurricane Centre (NHC) has also advised persons with interests in
ROSE HALL, St James — Vice chancellor of The University of the West Indies, Sir Hilary Beckles has called on the Government, the private sector and civil society to give teachers the tools needed to bridge the digital divide. After the onset of the COVID-19 pandemic, schools were forced to
he Jamaica National Group (JN Group) has appointed Elizabeth Ann Jones as the new chair of the group, following the passing of former chairman, Oliver Clarke, who died on May 16. Jones, a retired chartered accountant, is the first woman to chair the board of directors in the history of
Jamaica Teas Limited manufacturing arm was saved in its third quarter ended June 30 by a jump in export sales, as domestic sales during the period were flat. The manufacturing operations had good results during the quarter with sales improving by 33 per cent to $386 million with the main
