If you didn't know better, you'd think the exchange rate of the Jamaican dollar (J$) to the US dollar (US$) was part of the navel string of many Jamaicans. Every time it depreciates, there's a tug on the collective umbilical cord and a collective wince. Well, it's not connected to

Scotiabank has said that local businesses could see a reduction of up to 60 per cent in annual banking fees and significant reductions in processing times for some transactions if they utilise online banking channels. The bank's global transaction banking team urged more business owners and operators to consider digital

The Jamaican economy, which has been undergoing a sustained period of growth for the past couple of years, is now showing signs of weakness because of COVID-19 with latest estimates showing a contraction in the range of 1.5 per cent to 2.5 per cent for the March 2020 quarter. This

Falafel shop employee Javohn Ferguson works to pack a customer's takeout order in a restaurant otherwise closed because of the coronavirus outbreak Tuesday, May 19, 2020, in Seattle. Washington state Governor Jay Inslee on Tuesday announced $10 million in grants to small businesses in industries particularly hard-hit by the COVID-19

Easily, Dr Barbara Carby is one of the most respected Caribbean voices on disaster risk reduction and management. Indeed, her years of contribution to that field have resulted in her being invested with the Order of Distinction in the rank of Commander by the Jamaican Government, and Knight of the

For some time now, there has been a major move from cash accounting to accrual accounting within the public sectors worldwide. The International Public Sector Accounting Standards Board (IPSASB) is currently championing this needed change. The difference between accrual accounting and cash accounting is the timing of when sales and

The Credit Unions of Jamaica has donated $500,000 to the Jamaica Social Stock Exchange (JSSE) to assist Mona Tech Engineering Services to repair much-needed ventilators for the Jamaica health sector during this COVID-19 crisis. The contribution was received at a brief ceremony held at the Jamaica Stock Exchange's (JSE) head

For a large part of its post-independence life, Jamaica has been an economic conundrum: The official data showed for years a country that was hardly growing. However, on the ground there were always signs that Jamaica was not an economic wasteland. That, in part, reflected huge economic inequalities, which left

In consultation with the Ministry of Industry, Commerce, Agriculture and Fisheries, the Cannabis Licensing Authority (CLA) has established guidelines that will now enable the online sale of medical cannabis to qualified patients and the subsequent pickup of products at licensed retail facilities. According to the CLA, the established interim measures

AS community bars and taverns across the country reopen, a coalition of beverage companies have joined forces to pump over $28 million in financial support towards reviving and providing a wide range of resources needed for the sector to recover. The project, dubbed For our Bars: For Jamaica/Fi Di Bar