The Bank of Jamaica (BOJ) is reporting that it has reduced the cash reserve requirements for deposit-taking institutions (DTIs) by two percentage points. The move which became effective on Friday will see the cash reserves of both domestic and foreign currency being reduced. Reserve requirements are the amount of monies
So, you bought your investment-grade bond in 2016 when bonds were going for cheap … say at 100. You planned to sell at 115 and make a tidy capital gain of 15 per cent (NB: if you bought 200,000 face value of the bond, this would translate to $30,000 gain).
Despite the accelerated use of existing and new technologies and tools as COVID-19 forces the world to work remotely, some retailers are confident that brick and mortar will still be standing after the threat of the disease has receded. Anthony Pearson, managing director of Lloyd's Department Store in Montego Bay,
As economies remain under lockdown and movement restricted as a result of COVID-19, there has been the growing need for more digital payment technology to access services. The Bank of Jamaica (BOJ) has however said that only a few companies are currently authorised to provide some type of digital payment
interesting Interview with Dr Matthew Bartels, a member of the Board of Directors of Zion Care International & Head of the Dept of Physical Medicine & Rehabilitation at Burke Hospital in New York. https://www.youtube.com/watch?v=n0P1-DDQFW4
Dr Michelle Reece-Mills (left) receiving a cheque for $1 million on behalf of The University Hospital of the West Indies Paediatric Oncology Department, presented by Cedric McDonald, JMF fundraising chairman. At centre is Orville Johnson, executive director of the Insurance Association of Jamaica, who is also a director of the
The United Nations World Economic Situation and Prospects mid-2020 report says Gross Domestic Product in Latin America and the Caribbean is projected to shrink by 5.4 per cent this year—the largest contraction in the region's history. It said average per capita income is expected to decline to the lowest level
The Factories Corporation of Jamaica project, which is geared towards providing additional space for manufacturing, warehousing and distribution, among other activities, will entail the construction of 13 buildings and other facilities on 8.7 acres of land, across three phases. Some 370,000 square feet of additional space is slated to be
As the world and by extension Caribbean economies reel from the impacts of the COVID-19 pandemic, it is believed that special effort will have to be undertaken in order to combat the debilitating impacts and chart a path of positive recovery for the region. Inter-American Development Bank's (IDB) resident representative
Information technology experts are urging small and medium enterprises (SMEs) to utilise productivity software to manage their business operations during the COVID-19 pandemic. With staff working from home or remotely, businesses are being implored to make use of technology to maintain the channels of proper communication and allow employees to
