AS the world braces itself for a deep recession in 2020, having in place strong capital and liquidity positions to support fresh credit will be essential to economies, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. This, she believes, will significantly strengthen the resilience of a country's financial

NEW YORK, United States (AFP) — From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on yesterday as the global economy eased its way out of lockdown. Two months of shutdowns decreed to slow the spread of the coronavirus

Insurance provider General Accident Insurance (Jamaica) Limited (GenAc) has rolled out a new combined business insurance policy for small- and medium-sized businesses (SMEs). The policy dubbed Future 360 is a combined insurance package specific to the new operational models developed as a result of the COVID-19 pandemic. Sharon Donaldson, managing

HE world is changing rapidly and dramatically due to the coronavirus pandemic. We're having to adapt how we live day to day, including how we study and work. Whether you're seeking employment or looking to progress in your career, it has become a tougher recruitment environment as economies around the

Since the first positive case of COVID-19 was confirmed in Jamaica in March 2020, it is incontrovertible that the local business community has been significantly impacted by the epidemic. An examination of the varying sectors of the business community may reveal that, for some, business has never been better, but

Sagicor Bank is close to brokering a deal with the Government for using its My Cash prepaid card for the distribution of PATH and CARE benefit payments. Already, Sagicor has gotten the green light from the Bank of Jamaica, which has given a “no-objection” for use of the prepaid card

THIRTY-SIX per cent of public sector workers surveyed recently believe that they will not be granted a wage increase this year because of the economic strain and reduced financial resources brought on by the COVID-19 crisis. At the same time, seven per cent expect a minimal percentage increase, seven per

KINGSTON, Jamaica – The Private Sector Organisation of Jamaica (PSOJ) is calling for a clear road map for the safe and sustainable reopening of the Jamaican economy. Noting that it recognises that Jamaica is not alone in grappling with the challenges faced in determining when and how to open its

BEFORE the COVID-19 pandemic the small, middle-income developing economies of the Caribbean had been slowly but steadily emerging from their prolonged debt crisis. Now, thanks to COVID-19, their existing debt situation will worsen dramatically. Reduced tax revenue and foreign exchange earnings, plus increased expenditure on public health and on the