Micro small and medium-sized enterprises (MSMEs) are being urged to become formalised to benefit from the Government's intervention to offset the impact of the novel coronavirus disease (COVID-19). This, according to the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) MSME Division, will be beneficial to their business operations, even

As the unprecedented crisis of the COVID-19 pandemic continues its onslaught on the world, the Inter- American Development Bank (IDB) has said that there will be severe economic implications for some Caribbean countries. In its recently released quarterly bulletin for April, the report noted member countries such as Barbados, Jamaica,

The COVID-19 pandemic has added new meaning to the cliché, “changed the world forever”. Governments, giant corporations, small businesses, and families have restructured to meet the challenges of a killer disease which has caused more than 125,000 deaths worldwide. Trinidadian Dr Lesley Ann Noel, whose mother is Jamaican, is professor

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

In support of Jamaica's recent application to return to the International Monetary Fund (IMF) to gain relief support, Dr Karim Youssef, resident representative for the IMF in the country, described the move taken as warranted given the unprecedented nature of the COVID-19 pandemic. “Economies around the globe are being stopped

he lockdown of the parish of St Catherine will test Sagicor's work-from-home plan, which was implemented last month. That's the view of President and CEO Chris Zacca, who says as much as 60 per cent of his workforce are already working from home with many of them residing in St

8:16 am, Fri April 17, 2020 Following record profit in 2019, Sagicor Group Jamaica says preliminary reports show there will be a dip in 2020 due to the impact of  the coronavirus. Speaking at a virtual media briefing on Wednesday, Sagicor President and CEO Christopher Zacca, said the company is

Royal Caribbean Cruises has announced that it will lay off or furlough about 26 percent of its workforce in the United States, affecting nearly 1,300 of  its more than 5,000 employees in the country, as the coronavirus chokes international travel. The news comes as the fast-spreading pandemic led to the

KINGSTON, Jamaica— Tourism Minister, Edmund Bartlett says the Government has handed over $250 million of the $1 billion committed to the Tourism Workers Pension Scheme to newly-selected fund manager, Sagicor Jamaica Limited. “The long awaited Tourism Workers Pension Scheme has reached another milestone. We can now announce that we have