The Planning Institute of Jamaica (PIOJ) said that in light of the novel coronavirus pandemic it has estimated a gross domestic product (GDP) projection of 0.1 per cent — down from the 0.6 per cent forecast previously held for this fiscal year. Speaking on Wednesday at a quarterly briefing to

EARLY projections indicate that the financial sector is expected to buckle under higher non-performing loans, as the haemorrhaging from COVID-19 is expected to escalate. The projections done by the international auditing and management firm of KPMG, under the heading 'Credit Risk Implications of COVID-19 Crisis', estimate that non-performing loans could

Insurance Association of Jamaica (IAJ) President Vernon James says while industry players empathise with businesses that have been impacted by the current health crisis, business interruption insurance clauses do not cover losses due to viruses such as COVID-19. “This risk was never priced into the premiums charged and is excluded

The Jamaica Employers Federation (JEF) says feedback received from its members indicate that most will not be ready with preparations for the June 1 return of employees to the workplace. Businesses are expected to operate within the guidelines of physical distancing and infection prevention and control amid the continued COVID-19

Local entrepreneurs are being encouraged to place more focus on queue management. This in an effort to address the issues of overcrowding and physical distancing in business places as they continue to deal with the impact of COVID-19 on their operations. The recommendation comes from Roshaine Gunter, Industrial Engineer at

amaican businesses are exhibiting a grave lack of confidence in local business conditions according to the latest findings of the Bank of Jamaica (BOJ) Present Business Conditions Index. The index, which covers the March 2020 quarter, decreased to 114.4 relative to 115.8 recorded in the previous January 2020 survey. The

AS the world braces itself for a deep recession in 2020, having in place strong capital and liquidity positions to support fresh credit will be essential to economies, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. This, she believes, will significantly strengthen the resilience of a country's financial

NEW YORK, United States (AFP) — From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on yesterday as the global economy eased its way out of lockdown. Two months of shutdowns decreed to slow the spread of the coronavirus

Insurance provider General Accident Insurance (Jamaica) Limited (GenAc) has rolled out a new combined business insurance policy for small- and medium-sized businesses (SMEs). The policy dubbed Future 360 is a combined insurance package specific to the new operational models developed as a result of the COVID-19 pandemic. Sharon Donaldson, managing