Businesses should not be expecting free cash, but with this crisis it is the small businesses that, to a great extent, will contribute to jump-starting the economy when we are over this pandemic. Of the funding the Government is putting into the various stimulus packages announced earlier, a portion could
CARIBBEAN economist Marla Dukharan has launched a stinging broadside against the European Union regarding what she said was its unilateral blacklisting of some developing countries such as Jamaica, others in the Caribbean and the wider globe. Describing the EU's blacklisting of these countries as an act of racism and bullyism,
HE Insurance Association of Jamaica (IAJ) will be rolling out next month its Insurance Vehicle Information System (IVIS), which it says will significantly aid the sifting out of uninsured motor vehicles from the nation's roads. IVIS is a database of all the vehicles that are insured in Jamaica. This unique
Peter Levy (right) formally hands over the reins of the Insurance Association of Jamaica to Vernon James the new President on Friday June 26, 2020 at a ceremony held at the Jamaica Pegasus Hotel in New Kingston. Vernon James presented a gift to Peter Levy, a montage of some of
The Insurance Association of Jamaica (IAJ) is advising Jamaicans to brace for an increase in premium come January next based on COVID-19 and other market conditions. Responding to questions from The Jamaica Observer's Sunday Finance, IAJ vice-president Mark Thompson explained that a review in premium rates has become necessary because
With no vaccine or treatment yet developed, there is a lot of ‘guesstimating’ that the COVID-19 coronavirus may be around for at least another year, but more likely two, and that people and systems will have to adjust. That includes the insurance market, where the absence of business continuity insurance,
Minister of Finance and the Public Service Dr Nigel Clarke says Jamaicans who are conflicted about the island reopening its economy, before the coronavirus (COVID-19) is completely contained, should understand the consequences of doing otherwise. Growing economic dislocation could affect the livelihood and lives of thousands, Clarke outlined in an
The National Export-Import Bank of Jamaica (EXIM Bank) says it will be disbursing $8.1 billion in loans to micro, small, and medium-sized enterprises (MSMEs) this fiscal year. That is an increase of $2.1 billion over the $6 billion in financing to the MSME sector for 2019/2020. According to Minister of
WASHINGTON, DC, United States (CMC) — The director of the Western Hemisphere Department of the International Monetary Fund (IMF) Alejandro Werner said yesterday Latin America and the Caribbean have become the new coronavirus (COVID-19) global epicentre. He said the human cost has been tragic, with over 100,000 lives lost. The
Don Wehby (left), Group CEO of GraceKennedy and chairman of Canopy Insurance, shares a light moment with Health and Wellness Minister Dr Christopher Tufton (centre) and Sean Scott, CEO of Canopy Insurance, at the official launch of Canopy Insurance on January 16, 2020 at the Jamaica Pegasus hotel in New
