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 Minister Dr Nigel Clarke also unveiled a three-pronged targeted approach for the foreign exchange market.

And the Jamaica Chamber of Commerce (JCC), in its response to the global novel coronavirus, COVID-19 outbreak, has urged the local business sector to refrain from panic and instead seek to become more aware and prepared in the face of this looming crisis.

http://www.jamaicaobserver.com/business/business_report_march_12_2020