TELECOMMUNICATIONS giant Huawei is facing the future with optimism despite the economic devastation being caused by the novel coronavirus pandemic. During a recent online cybersecurity webinar involving Jamaicans, dubbed 'Tech Talk', director of the European Centre for International Political Economy, Hosuk Lee-Makiyama, admitted that the effects of COVID-19 have been
Global cruise line MSC Cruises, which had one of its ships turned away from Jamaica two weeks ago due to coronavirus fears, has extended the suspension of all operations around the world until July 10 amid the COVID-19 pandemic. Passengers affected by the suspension will receive a future cruise credit.
The NCB Financial Group is reporting net profit of $13.4 billion for the first six months of its 2020 financial year. That was up from $12.4 billion last year. NCB says net profit attributable to stockholders totalled $9.6 billion, a 23 per cent decline from last year. It said the
The International Monetary Fund (IMF) says a sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2 percent contraction of the Caribbean economy in 2020. This is the deepest recession in over half a century. In a blog posted on
The Government is to consider extending the time given for some employees in the hospitality industry to contribute to the Tourism Workers' Pension Scheme, in light of the impact of the coronavirus pandemic. If approved, the extension will apply to tourism workers aged 59, who are being specially accommodated
As the novel coronavirus (COVID-19) continues to spread and impact the global economy, businesses are constantly changing to adapt to the new normal while identifying where they can save money. Fittingly, individuals are also combing through their finances to ensure they have an emergency fund that can help them tackle
COVID-19 has impacted every aspect of our lives. Utilising online services for bill payments, ordering of food, and even grocery shopping has for some become a norm, as opposed to a convenience. 'Fintech', or financial technology, is what has made much of this possible. In Jamaica it, however remains accessible
Tree of Knowledge International Corp (TOKI) — the first company to be cross-listed between the Canadian Securities Exchange (CSE) and the Jamaica Stock Exchange (JSE) — is now trading on the JSE. The cross-listing is a major step by TOKI to play a leading role internationally in the estimated US$4.2
Bank of Jamaica (BOJ) Governor Richard Byles has described the decision taken by the central bank last week to temporarily suspend dividend payment from financial institutions as being only a short-term measure, as the country seeks to mitigate the economic fallout from the COVID-19 pandemic. “It's just a postponement. I
A recent survey piloted by Jamaica Manufacturers and Exporters Association (JMEA) indicated that more than half or just about 60 per cent of businesses surveyed in the country's productive sector have seen a decline in revenues as the COVID-19 pandemic continues its onslaught on operations globally. While the vast majority
