ST GEORGE’S, Grenada, CMC – Fishers registered with Grenada's Ministry of Fisheries are now able to receive compensation for assets damaged during extreme weather conditions. That has been made possible through the Government approving parametric insurance for the industry, which took effect July 1. The Ministry of Climate Resilience, the
MIAMI, Florida -- Beryl has been upgraded to a hurricane, making it the first hurricane of the 2018 Atlantic season. The storm is located about 1,140 miles southeast of the Lesser Antilles with winds of 75 mph. Earlier, forecasters said the storm was likely to fizzle before becoming a threat
Christopher Zacca, President and Chief Executive Officer of Sagicor Group Jamaica, has charged that the government needs to move to undertake an overhaul of the governance of public bodies. Zacca contends that the issues that have arisen at the state-owned oil refinery Petrojam brings into sharp focus the importance of
BRIDGETOWN, Barbados (CMC) — The Caribbean should see fewer storms, and the chance of a major hurricane hitting the region is significantly less than it was when the 2018 Atlantic hurricane season began. That's according to the latest forecast released by Meteorologist Phil Klotzbach and his team at the Colorado
What is the value of the Jamaican dollar relative to the US? The Jamaican dollar has depreciated to more than $130 to US$1 again. The price of the US dollar rose to an all-time high, selling for an average price $132 to US$1 and has remained above $131 mark. The
The National Minimum Wage is to go up from $6,200 to $7,000 per 40-hour work week, representing a 13 percent increase. The minimum wage for security guards is also to be increased, moving from $8,854 to $9,700. Both rates are to take effect on August 1, 2018. The announcement was made by Labour
Jamaica may be some way off its 2030 vision of becoming the place of choice to live, work, raise families, and do business — but the percentage of Jamaicans who want to emigrate has declined by more than 10 percentage ponts since 2014 — according to a new global survey
Chairman of Marathon Insurance Brokers (MIB), Richard Burgher, is demanding answers from the Government as to why Petrojam turned down a tender offer by to provide insurance services for its workers, but awarded the contract to a competitor even though MBI's proposal was $420 million cheaper. “I am not saying I won this
Three of the island's leading private sector groups have called for a forensic audit of the affairs of oil refinery Petrojam and the Universal Access Fund, both agencies of the Technology and Energy Ministry. In a statement this afternoon, the Jamaica Chamber of Commerce, the Jamaica Manufacturers and Exporters Association
Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw shares his ideas on how his Ministry can offer new methods to reduce imports in the tourism industry with Tourism Minister Edmund Bartlett during a Tourism Linkages Council Meeting on June 19 at the Tourism Enhancement Fund's New Kingston offices. MINISTER
