There will be more changes to Jamaica's banking system in 2021, as the Bank of Jamaica (BOJ) imposes stronger capital and liquidity requirements to make it more resilient to economic and financial shocks. In a 148-page consultation paper released to the wider financial sector on its proposals for the implementation
THE Statistical Institute of Jamaica (STATIN) has reported that the economy declined by 10.7 per cent during the third quarter of 2020 when compared to the same quarter in the previous year. “This was due to declines in both the services and goods-producing industries of 13.1 per cent and 3.5
IAJ NEWS BULLETIN (SEPTEMBER TO DECEMBER 2020) has information about numerous happenings in the Jamaican Insurance Industry which will help readers to keep up to date with what's happening. NEWS BULLETIN SEPTEMBER TO DEC 2020 FINAL 2A
The IAJ YEARBOOK - TENTH EDITION - OCTOBER 2020 contains a lot of important formation along with the Jamaican Insurance Industry's 2019 Performance against 2019. It is good reading with valuable information that gives an understanding of the functioning of the insurance industry and its contribution to protection and
he Economic Programme Oversight Committee (EPOC), in its latest review of the country's macro fiscal programme, has maintained a positive outlook for the economic reform programme (ERP) despite the uncertainties surrounding the novel coronavirus pandemic. Speaking at a quarterly press briefing held yesterday, Keith Duncan, chairman of EPOC, said that
THE National Broadband Initiative which is expected to cost US$237 million for its execution as Government seeks to create universal Internet access is to be owned and managed by the private sector through a publicly listed special purpose vehicle (SPV), chair of the task force Michael Lee-Chin has divulged. This
Advantage General Insurance Company Limited (AGIC) has donated laptops to two student to provide them with the equipment required to participate in remote learning during the COVID-19 crisis. Since March 2020, the Ministry of Education has ordered a temporary closure of all public educational institutions because of the current pandemic.
QUESTION: Twenty-twenty has not been a good year for my business mainly because of the pandemic and fallout from tourism and other industries we used to earn from. I need your advice about how to increase sales for 2021. I have been following you for sometime, and I know that
The United States economy’s growth is likely slowing as 2020 comes to a close, but a growing number of economists expect it to claw back to its pre-pandemic strength by the second half of next year as vaccines for the coronavirus become widely distributed. That is the view from the
THE Bank of Jamaica (Amendment) Act, 2020 aimed at modernising and strengthening the operations of the central bank by improving its governance was approved in the Senate during its sitting last Friday. Minister without portfolio in the Ministry of Economic Growth and Job Creation Senator Aubyn Hill, who piloted the
