The Factories Corporation of Jamaica project, which is geared towards providing additional space for manufacturing, warehousing and distribution, among other activities, will entail the construction of 13 buildings and other facilities on 8.7 acres of land, across three phases. Some 370,000 square feet of additional space is slated to be
As the world and by extension Caribbean economies reel from the impacts of the COVID-19 pandemic, it is believed that special effort will have to be undertaken in order to combat the debilitating impacts and chart a path of positive recovery for the region. Inter-American Development Bank's (IDB) resident representative
Information technology experts are urging small and medium enterprises (SMEs) to utilise productivity software to manage their business operations during the COVID-19 pandemic. With staff working from home or remotely, businesses are being implored to make use of technology to maintain the channels of proper communication and allow employees to
Jamaica's tourism industry will be reopened in short order with a date to be announced soon. That's the word from the country's tourism minister, Edmund Bartlett. Speaking at a COVID-19 media briefing held earlier this week, the minister said that plans are being put in place and protocols far-advanced to
Finance Minister Dr. Nigel Clarke has reported that the COVID-19 pandemic is expected to cost Jamaica $120 billion. He revealed the number Wednesday afternoon in the House of Representatives as he presented a revised budget to accommodate the COVID-19 costs. Dr. Clarke explained that the price tag for the epidemic
The Caribbean Development Bank's (CDB's) newest facility funded by the 11th European Development Fund (EDF) is oversubscribed, this based on the overwhelming response it has received from countries in the region. In a release on Monday the entity said that the overwhelming response stemmed from a proposal by the bank
KINGSTON, Jamaica — The International Labour Organization (ILO) says based on its latest data, 9.9 per cent of working hours, which is the equivalent of 1.5 million full-time jobs, in the Caribbean are expected to be lost during the second quarter of this year due to the impact of COVID-19.
This undated electron microscope image, made available by the US National Institutes of Health in February 2020, shows the novel coronavirus SARS-CoV-2. Also known as 2019-nCoV, the virus causes COVID-19. (Photo: AP) In the midst of adversity, there is always opportunity. The spread of the deadly COVID-19 virus has drastically
Pedestrians are seen reflected in a quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on May 7, 2020. Tokyo stocks opened lower on May 7 after a three-day public holiday, tracking recent declines on Wall Street caused by weak economic data. (Photo: AFP) What is leverage?
