The International Monetary Fund (IMF) has said that the funds approved last week under its rapid financing instrument (RFI) serves mainly as a contingency funding mechanism which is to be used by the country in cushioning the economic fallouts of the COVID-19 pandemic. Last Friday the IMF's executive board approved
Sagicor Group will not be closing any of its branches like some of its competitors, in spite of taking a $700-million hit in the March quarter due to the COVID-19 pandemic. This announcement follows news of the temporary closure of some branches of Scotiabank and National Commercial Bank. Scotiabank last
Shopper walks past a sign encouraging masks at SouthPark Mall, Wednesday, May 13, 2020, in Strongsville, Ohio. Ohio retail businesses reopened Tuesday following a nearly two-month-long shutdown ordered by Governor Mike DeWine to limit the spread of the coronavirus. (Photos: AP) BALTIMORE , United States (AP) — US retail sales
The Bank of Jamaica (BOJ) is reporting that it has reduced the cash reserve requirements for deposit-taking institutions (DTIs) by two percentage points. The move which became effective on Friday will see the cash reserves of both domestic and foreign currency being reduced. Reserve requirements are the amount of monies
So, you bought your investment-grade bond in 2016 when bonds were going for cheap … say at 100. You planned to sell at 115 and make a tidy capital gain of 15 per cent (NB: if you bought 200,000 face value of the bond, this would translate to $30,000 gain).
Despite the accelerated use of existing and new technologies and tools as COVID-19 forces the world to work remotely, some retailers are confident that brick and mortar will still be standing after the threat of the disease has receded. Anthony Pearson, managing director of Lloyd's Department Store in Montego Bay,
As economies remain under lockdown and movement restricted as a result of COVID-19, there has been the growing need for more digital payment technology to access services. The Bank of Jamaica (BOJ) has however said that only a few companies are currently authorised to provide some type of digital payment
interesting Interview with Dr Matthew Bartels, a member of the Board of Directors of Zion Care International & Head of the Dept of Physical Medicine & Rehabilitation at Burke Hospital in New York. https://www.youtube.com/watch?v=n0P1-DDQFW4
Dr Michelle Reece-Mills (left) receiving a cheque for $1 million on behalf of The University Hospital of the West Indies Paediatric Oncology Department, presented by Cedric McDonald, JMF fundraising chairman. At centre is Orville Johnson, executive director of the Insurance Association of Jamaica, who is also a director of the
The United Nations World Economic Situation and Prospects mid-2020 report says Gross Domestic Product in Latin America and the Caribbean is projected to shrink by 5.4 per cent this year—the largest contraction in the region's history. It said average per capita income is expected to decline to the lowest level
