The Bank of Jamaica (BOJ) said that as a response to the ongoing impact of the coronavirus (COVID-19) pandemic it will be taking all the necessary steps to safeguard the level of net international reserves (NIR) held by the country at this time. “The extent and duration of COVID-19 is

JAMES... we want to make Jamaicans understand how important and necessary having an insurance policy is, instead of thinking of insurance with distrust Chief executive officer and managing director of NCB Insurance Company Limited Vernon James was elected president of the Insurance Association of Jamaica (IAJ) at their annual general

Although we have seen an absence of sporting events globally, one thing is certain is that if the current COVID-19 situation was a competition, it would be advantage COVID-19, as we continue to be weakened by the continuous attack of the virus. It is very clear from how this has

With global travel restrictions imposed due to the novel coronavirus (COVID-19) pandemic which led to the significant decline of air travel, CAPA - Centre for Aviation forecasted that by the end of May 2020 most airlines in the world will be bankrupted. However, Zachary Harding, board director of Caribbean Airlines

As the Caribbean grapples with the fallout in key sectors there are renewed calls for the expansion of others such as the agri-industry, which some stakeholder groups such as the private sector believe if properly invested in will help the region in food proofing its status during and after the

The Bank of Jamaica is reporting that its recently overhauled regulatory regime for electronic retail payment system, dubbed the fintech regulatory sandbox, is receiving much traction from the local financial market. Already the Bank of Jamaica (BOJ) has received four applications for licences under the sandbox regime, which sets out

The Ministry of Industry, Commerce, Agriculture and Fisheries is reporting that Jamaica has been removed from the United States Trade Representative watch list, which the country has been on for decades. It says this follows the tabling of the Patents and Designs Bill by Portfolio Minister, Audley Shaw, which led

KINGSTON, Jamaica — Marathon Insurance Brokers (MIB) will cut in half the next instalment on insurance premium loans for all its clients who are health care practitioners under an initiative dubbed the COVID-19 Helping Hand Programme. The brokerage firm, which represents a significant number of health care practitioners, said the

Reuters news agency has reported that Jamaica is among twelve countries the European Commission is set to add to its list of states that pose financial risks to the bloc because of  anti-money laundering and terrorism financing shortfalls. Reuters said the information was contained in a draft document expected to

At least one major player in the financial sector, Chris Berry, chairman of Mayberry Investments, is cautioning about the recently imposed suspension of dividend payments by the Bank of Jamaica (BOJ). Last week the BOJ ordered that local financial holding companies and deposit-taking institutions suspend the distribution of dividends for