The Private Sector of Jamaica (PSOJ) has advised members of the small-and medium-sized enterprises (SMEs) to enforce sound business practices in the wake of the novel coronavirus disease (COVID-19), highlighting it as a vulnerable time for the sector. According to PSOJ President Keith Duncan who is also the chairman of
Some financial institutions in its response to providing support for customers, especially those most affected by the impacts of the novel coronavirus (COVID-19), has drafted specialised measures to cushion possible effects. According to the National Commercial Bank (NCB), it understands that customers, in the wake of this unplanned health crisis,
U.S. stock indexes plunged about seven per cent Monday as the Federal Reserve's drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession. Trading on Wall Street's three main stock indexes was halted for 15 minutes shortly after the open, the third such pause in six
Prime Minister Andrew Holness and Health Minister Dr. Christopher Tufton The government has said all non-essential work must be done from home for both the public and private sector, effective Wednesday, March 18. It was one of several announcements made by Prime Minister Andrew Holness on Monday at a
With the recent official announcement of the imported cases of the novel coronavirus (COVID-19) to Jamaica, many are asking about the impact to their savings and investments, and what opportunities may lie ahead, said the Keith Duncan-led JMMB Group in a circular to members. “The reality is that long before
MONTEGO BAY, St James — The local tourism sector is now in a tailspin following news that the Canadian Government has cautioned its citizens against non-essential travel and imposed general limitations in movement in response to the novel coronavirus disease (COVID-19). The World Health Organisation put the number of
April 1, the General Consumption Tax (GCT) will be reduced from 16.5 per cent to 15 per cent. The 18-billion dollars in tax reduction is a 4-billion dollar improvement on the 14 billion dollars in tax cuts the Government implemented in the last financial year. That same day Finance
Scotiabank announced that it has entered into a seven-year agreement with Mastercard to provide an enhanced digital customer experience and new debit cards in four Caribbean countries: The Bahamas, Barbados, Dominican Republic, and Jamaica. The relationship will promote payments innovation focused on consumer experience, growth, and development of new value-added
Finance Minister Dr Nigel Clarke (standing) during his budget speech Tuesday in Gordon House. (Photo: Joseph Wellington) I've not read any budget documents through this year, but know that the spending estimates are about $855 billion 4.7 per cent, versus projected inflation of 5.0 per cent, for the fiscal year,
HE Government of Jamaica has increased the number of countries on which there is restricted travel from eight to nine in light of the COVID-19 outbreak. Speaking at a press briefing at Jamaica House last evening, Prime Minister Andrew Holness announced that travel restrictions were placed on the United Kingdom.
