Minister of Finance and the Public Service Dr Nigel Clarke says Jamaicans who are conflicted about the island reopening its economy, before the coronavirus (COVID-19) is completely contained, should understand the consequences of doing otherwise. Growing economic dislocation could affect the livelihood and lives of thousands, Clarke outlined in an
The National Export-Import Bank of Jamaica (EXIM Bank) says it will be disbursing $8.1 billion in loans to micro, small, and medium-sized enterprises (MSMEs) this fiscal year. That is an increase of $2.1 billion over the $6 billion in financing to the MSME sector for 2019/2020. According to Minister of
WASHINGTON, DC, United States (CMC) — The director of the Western Hemisphere Department of the International Monetary Fund (IMF) Alejandro Werner said yesterday Latin America and the Caribbean have become the new coronavirus (COVID-19) global epicentre. He said the human cost has been tragic, with over 100,000 lives lost. The
Don Wehby (left), Group CEO of GraceKennedy and chairman of Canopy Insurance, shares a light moment with Health and Wellness Minister Dr Christopher Tufton (centre) and Sean Scott, CEO of Canopy Insurance, at the official launch of Canopy Insurance on January 16, 2020 at the Jamaica Pegasus hotel in New
“Small businesses must take a serious look at their current business model: Is it still feasible in this pandemic? What new business opportunities exist? What strategies can be implemented to manage cash flow and extend the life of their operations? It can't be business as usual,” stated Sandra Glasgow, founder
Financial expert at JMMB Investments Nadine Thomas is encouraging investors to be on the lookout for new opportunities, urging them to stay invested and to take advantage of any new prospect resulting from the novel coronavirus pandemic. Thomas, who was speaking recently at a JMMB Group's weekly Goal Getter Live
After sending off its first shipment of products to Costa Rica last Friday, Spur Tree Spices is now seeking to tap into other foreign markets and to expand in those already penetrated. The sauces and marinade company's Chief Executive Officer (CEO) Albert Bailey said that while they currently ship to
Jamaica's net remittance inflows have decreased by more than eight per cent to US$159.7 million. In April alone, the decrease was calculated at US$15.4 million. Many pundits projected that remittance flows for April would decline with several local remittance companies reporting, in late April, a decline of 10 to 15
US home sales dropped to their lowest level in more than nine and a half years in May, strengthening expectations for a sharp contraction in housing market activity in the second quarter following disruptions caused by the COVID-19 pandemic. The report from the National Association of Realtors on Monday also
The world's poorest countries could save more than US$12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program. This is based on estimates published on Friday in a new database from the World Bank. The savings under the COVID-19-linked Debt Service Suspension Initiative
