COVID-19 has impacted every aspect of our lives. Utilising online services for bill payments, ordering of food, and even grocery shopping has for some become a norm, as opposed to a convenience. 'Fintech', or financial technology, is what has made much of this possible. In Jamaica it, however remains accessible to only a privileged few. [...]
Tree of Knowledge International Corp (TOKI) — the first company to be cross-listed between the Canadian Securities Exchange (CSE) and the Jamaica Stock Exchange (JSE) — is now trading on the JSE. The cross-listing is a major step by TOKI to play a leading role internationally in the estimated US$4.2 trillion health and wellness industry, [...]
Bank of Jamaica (BOJ) Governor Richard Byles has described the decision taken by the central bank last week to temporarily suspend dividend payment from financial institutions as being only a short-term measure, as the country seeks to mitigate the economic fallout from the COVID-19 pandemic. “It's just a postponement. I have kindly asked the banks, [...]
A recent survey piloted by Jamaica Manufacturers and Exporters Association (JMEA) indicated that more than half or just about 60 per cent of businesses surveyed in the country's productive sector have seen a decline in revenues as the COVID-19 pandemic continues its onslaught on operations globally. While the vast majority said their revenues were severely [...]
The 2019 novel coronavirus has continued its rapid spread, challenging global health and the economy. The virus transmits through human contact, threatening normative ways of doing business, as face-to-face interactions and hand-to-hand transactions have and continue to be essential components in conducting commerce worldwide, especially in less technologically advanced societies. COVID-19 has made human contact [...]
The World Bank, in its April Commodity Markets outlook, says that the global economic shock of  the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices for the rest of  2020. The World Bank report says energy and metals commodities are the most affected by the sudden halt [...]
Finance Minister Dr Nigel Clarke has confirmed that Covid-19 has caused an increase in unemployment in Jamaica, with the numbers affected being in the tens of thousands. Dr Clarke who spoke at Monday’s Jamaica House press conference, explained that the conclusions are being drawn from data provided in the number of  applications under the government's [...]
Tax Administration Jamaica (TAJ) says it actively looking to expand the kinds of transactions that can be done online to include Motor Vehicle Registration and Driver's Licence renewals. Motor vehicle registration is second on the list of most frequently done transactions at tax offices. However, TAJ has been trying to get customers to do more [...]
A view of Sandals Grande Antigua resort. Sandals resorts have been temporarily closed amidst the COVID-19 pandemic. Across the Caribbean similar scenes of desolation are being played out as the most tourism-dependent region reels from the impacts of the COVID-19 pandemic. Since the coronavirus disease made landfall in several countries across the region, the once [...]
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