The Bank of Jamaica (BOJ) has said that given the continued effects stemming from the coronavirus disease (COVID-19) across the globe, it has factored the reality that there will be a significant fallout in foreign exchange (FX) as two major sources — remittances and tourism – become adversely impacted. Dr
The Financial Services Commission (FSC) will be looking to expand its regulatory functions this year, to include domestic and international trust service providers and virtual asset service providers. Additionally, the FSC will be seeking to enhance the regulations, guidelines, and practices under the Anti-Money Laundering & Counter Financing of Terrorism
An earthquake with a magnitude of 5.3 struck sections of the twin-island republic late Monday. According to the Seismic Research Centre at the University of the West Indies (UWI), St Augustine campus, the quake struck 55 kilometres northwest of Scarborough, Tobago at 11:26 pm (local time). The quake had
A decade of jobs growth in the US came to an abrupt halt last month, as employers shed 701,000 jobs amid the coronavirus outbreak. New data from the US Department of Labor said the unemployment rate rose to 4.4% in the biggest one-month jump since 1975. The leisure and hospitality
The Financial System Stability Committee (FSSC) of the Bank of Jamaica (BOJ) has endorsed initiatives being undertaken by the institution to ensure adequate foreign currency and Jamaica Dollar liquidity, in light of the COVID-19 outbreak. The BOJ has collaborated with commercial banks to ensure that there is no disruption
WITH the unpredictability in the economy as the effects of the novel coronavirus are being realised worldwide, Sagicor Bank is reminding people to practise personal budgeting as a financial management mechanism to get through this difficult period. “Budgeting is a financially wise and important habit to develop once you are
GraceKennedy Limited (GK) has said that it will be assessing how to assist small farmers, especially in light of the recent predicament brought on the sector as a result of the novel coronavirus disease (COVID-19). Several local farmers have expressed their frustration with having tonnes in excess produce and a
A new board has been created at Key Insurance Company now that GraceKennedy has taken over management of the company. Two members of the old board have remained on the new board — Natalia Gobin-Gunter and Sandra Masterton — with GraceKennedy Chief Executive Officer Donald Wehby appointed director and chairman
Dear Claudienne In an accident on June 5, 2019, I almost lost my life, and my car — a Mazda Premacy — was totally written off. I immediately informed the broker of the insurance company with which the vehicle was comprehensively insured. I also reported the accident to the TIP
In the field of disasters, COVID-19 is unique as its unrelenting disastrous effects simultaneously undermine the health and economic sectors of a country in a reasonably short time. The fact that its variables are for the most part unknown makes it dangerous and makes planning unsure. Consequently, to avoid placing
