mall Business Association of Jamaica (SBAJ) President Hugh Johnson expressed his confidence in the country's ability to recover from the effects of the novel coronavirus disease (COVID-19) pandemic. “We have a cadre of leaders instituting interventions, who I believe mean this country well. We should support them in whatever they
The COVID-19 pandemic presents a real threat to our economy. In Jamaica, landlords, tenants and mortgagors are concerned about whether they have any rights when dealing with a pandemic and its potential consequences. RESIDENTIAL LANDLORDS AND TENANTS All landlord and tenant issues are governed by the Rent Restriction Act, The
W ith the recent predicament of excess tonnes of agricultural produce at risk of wasting, more calls are being made for the agro-processing sector to engage, market and develop a wider range of value added finished products using local agricultural inputs. Don Wehby, group chief executive officer (CEO) of GraceKennedy
The Bank of Jamaica (BOJ) has said that given the continued effects stemming from the coronavirus disease (COVID-19) across the globe, it has factored the reality that there will be a significant fallout in foreign exchange (FX) as two major sources — remittances and tourism – become adversely impacted. Dr
The Financial Services Commission (FSC) will be looking to expand its regulatory functions this year, to include domestic and international trust service providers and virtual asset service providers. Additionally, the FSC will be seeking to enhance the regulations, guidelines, and practices under the Anti-Money Laundering & Counter Financing of Terrorism
An earthquake with a magnitude of 5.3 struck sections of the twin-island republic late Monday. According to the Seismic Research Centre at the University of the West Indies (UWI), St Augustine campus, the quake struck 55 kilometres northwest of Scarborough, Tobago at 11:26 pm (local time). The quake had
A decade of jobs growth in the US came to an abrupt halt last month, as employers shed 701,000 jobs amid the coronavirus outbreak. New data from the US Department of Labor said the unemployment rate rose to 4.4% in the biggest one-month jump since 1975. The leisure and hospitality
The Financial System Stability Committee (FSSC) of the Bank of Jamaica (BOJ) has endorsed initiatives being undertaken by the institution to ensure adequate foreign currency and Jamaica Dollar liquidity, in light of the COVID-19 outbreak. The BOJ has collaborated with commercial banks to ensure that there is no disruption
WITH the unpredictability in the economy as the effects of the novel coronavirus are being realised worldwide, Sagicor Bank is reminding people to practise personal budgeting as a financial management mechanism to get through this difficult period. “Budgeting is a financially wise and important habit to develop once you are
GraceKennedy Limited (GK) has said that it will be assessing how to assist small farmers, especially in light of the recent predicament brought on the sector as a result of the novel coronavirus disease (COVID-19). Several local farmers have expressed their frustration with having tonnes in excess produce and a
