Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


Farming hit by COVID-19

As the impact of the novel coronavirus disease (COVID-19) pandemic is felt across the country, small farmers — especially those who supply produce to the now-dormant tourism sector — are among those most affected. Read More

SSL safe and secured
Investment and stockbrokerage firm Stocks and Securities Limited (SSL) is safe for business, based on information provided by company executives and corroborated by an independent audit done, as directed by its financial regulator the Financial Services Commission (FSC).... Read More

Demand for legal services decreases amidst COVID-19 pandemic
With the novel coronavirus (COVID-19) disease inducing the decline of the global economy, president of the Jamaican Bar Association Emile Leiba says members of the legal profession have expressed concerns about the effects of the pandemic on their practices.... Read More

Police credit union offers members loan payment break
The Jamaica Police Co-operative Credit Union (JPCCU) is now offering its members a one-time payment break as part of its response to the coronavirus.... Read More

No room for unstamped proxy votes

Claudienne Edwards | Sunday, March, 29 2020    

Dear Claudienne,The proprietors of SeaCastles Strata (PSP 452) are in desperate need for clarification regarding the proxy for voting purposes. Read More

Coronavirus and your investments Part 2

Marian Ross | Sunday, March, 29 2020    

Is this the bottom of the market? Prices fell precipitously in early March with the onset of the virus. By the middle of last week they had made a brief turnaround. Everyone wants to know – where is the bottom? Read More

Barbados' cruise industry may reap benefits from home porting amidst COVID-19

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, March, 29 2020    

FOLLOWING on its commitment to home port cruise ships in its waters, the Government of Barbados has said that this could redound to long-term economic benefits for the country in the aftermath of the coronavirus (COVID-19) pandemic. Read More


Claudienne Edwards | Saturday, March, 28 2020    

Dear ClaudienneI went on a job interview on February4, 2020. I had submitted a resume prior and also had a copy on hand. I was given an application form to complete. It required me to state the salary of my last three jobs. Read More

IDB outline priority areas for funding to deal with COVID-19

Saturday, March, 28 2020    

WASHINGTON, DC, Uniyted States (CMC) — The Inter-American Development Bank (IDB) and IDB Invest say they have agreed with governments on the priority areas for deploying the financial and technical resources being made available to borrowing member countries and companies to... Read More

Staying afloat: US$2.2-trillion Bill offers economic lifeline

Saturday, March, 28 2020    

WASHINGTON, DC, United States (AP) — In the novel oronavirus crisis, even doctors can face a cash crunch. Read More

BOJ announces eight-point pre-emptive COVID-19 monetary strategy

BY DURRANT PATE Observer business writer | Friday, March, 27 2020    

THE Bank of Jamaica (BOJ) has announced an eight-point pre-emptive monetary strategy to assure financial institutions and the public that there will be adequate access to both Jamaican dollar and foreign currency liquidity in wake of the escalating COVID-19 pandemic. Read More

Proactive measures being considered by Ministry of Finance

BY ABBION ROBINSON Business reporter roinsona@jamaicaobserver.com | Friday, March, 27 2020    

IN efforts to prepare for the impact of the coronavirus (COVID-19) pandemic on the economy, Minister of Finance Dr Nigel Clarke says his ministry and the Bank of Jamaica have developed a proactive approach in the method of scenario analyses. Read More

BOJ maintains 0.5% policy rate

Friday, March, 27 2020    

THE Bank of Jamaica (BOJ) is holding its policy rate unchanged at 0.50 per cent per annum for another month. Read More

COVID-19's impact and possible solutions

Friday, March, 27 2020    

The novel coronavirus has been wreaking havoc throughout the world, and projections are that what is to come will be even more dire than what we are experiencing today. Read More


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