KINGSTON, Jamaica— Prime Minister Andrew Holness is strongly urging Jamaicans to move into the digital age, saying that it is the way of the future. The prime minister made the call last evening during a digital COVID-19 press briefing at Jamaica House. "Too much of our business requires us to
WASHINGTON, United States (AFP) — Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 per cent globally this year, the biggest decline in
As world economies buckle under the impact of the COVID-19 pandemic, WorldRemit International has said that despite the talk of declines in the remittance sector, it has seen 100 per cent increase in its digital money transfer services. “While senders are sending less money per transaction, the number of transactions
Sagicor Group Jamaica has revised its investment strategy for this year owing to the COVID-19 pandemic, which has seen the conglomerate becoming more conservative in its investment plans for 2020. Sagicor President and CEO Chris Zacca, who made the disclosure in response to questions from the Jamaica Observer last week,
The Irish Times newspaper is reporting that Digicel has revealed that more than 75 per cent of creditors holding almost US$5.1 billion of the group's debt pile have so far agreed to write off a significant amount of what they are owed. Digicel, which has been left with a $7
NATIONAL Commercial Bank (NCB) has urged businesses to pay staff electronically, instead of with cheques, for the month of April to avoid pay disruptions resulting from branch closures and quarantines related to the COVID-19 epidemic. NCB, in a release, said in light of the St Catherine lockdown and the resulting
Where does the theory meet the practice? I imagine that you have heeded all the advice regarding investing when the market prices are depressed, and you have decided to take the plunge. Let's imagine that you have also decided which stocks to invest in, meaning, you have decided on an
Minister of Finance Dr Nigel Clarke has indicated that his ministry will be working closely with various business groups and major unions representing workers, to ensure compliance of business entities in relation to applications for individual assistance under the Supporting Employees with Transfer (SET) of Cash component of the $10-billion
een Challenge Jamaica Executive Director Anthony Richards displays sweet peppers grown in the organisation's greenhouse. Richards says with the local spread of the novel coronavirus disease there is no market for the produce. THE Jamaica Social Stock Exchange (JSSE) last Wednesday launched an initiative to assist micro, small and medium
WASHINGTON, DC, United States (CMC) — A senior International Monetary Fund (IMF) official has warned that Latin America and Caribbean (LAC) countries face the spectre of another “lost decade” during the 2015–25 period, due to the novel coronavirus disease (COVID-19) pandemic. Director of the IMF's Western Hemisphere Department, Alejandro Werner,
