10:23 pm, Thu July 30, 2020 1. The US Federal Reserve The US economy shrank by a 32.9% annual rate in the April to June quarter as the country grappled with cut backs in spending during the pandemic. It was the deepest decline since the government began keeping records in 1947 and three times [...]
MEXICO CITY, Mexico (AP) — Mexico's economic activity plummeted 18.9 per cent in the second quarter compared to the same period last year as the economic shutdown caused by the COVID-19 pandemic drove the country deeper into a recession, according to preliminary government data released Thursday. Mexico's statistical agency said that the second quarter [...]
The Private Sector Organisation of Jamaica (PSOJ) Access to Finance Facilitation Panel (AFFP) through its weekly Facebook Live CovidCast JA: Business podcast has now reached over 2 million views around the globe. The online series, aired every Thursday over the last four and a half months, was developed amidst the COVID-19 pandemic to provide support [...]
Exactly 10 days ago, on July 21, the Jamaica Hotel and Tourist Association (JHTA) held a press conference on the impact of the COVID-19 pandemic on Jamaica's tourism industry. The first thing to understand is that this time is truly different. The global economy, in the words of Nobel Prize-winning US economist Paul Krugman, was [...]
RUM producer J Wray & Nephew Limited (JWN) is now confirming that it will cease operating its Appleton Estates Sugar Factory in St Elizabeth but before that it will be offering a generous separation package to the 370 employees impacted. Yesterday's confirmation of the closure follows the start of consultations with all stakeholders. A date [...]
KINGSTON, Jamaica - The National Investment Policy Green Paper and the National Five-Year Manufacturing Growth Strategy were tabled in the House of Representatives yesterday. The documents, which were tabled by Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, Leslie Campbell, will provide a framework for creating the environment necessary to attract [...]
The Jamaica Gasoline Retailers Association (JGRA) on Monday last warned a parliamentary committee reviewing the proposed Occupational Safety & Health (OSH) Act, 2017 at Gordon House, to consider a developing trend of “mobile” petrol stations. According to JGRA President Gregory Chung, the association is aware of the trend, and it is a growing concern for [...]
Jamaica joined the United Nations family to ensure that no citizen is left behind in this digital world. Those goals in the Government's Vision 2030 set out a broad and ambitious set of mandates aimed at making this country “the place to live, work, raise families and do business”. The extraordinary effort to make us [...]
A passenger who disembarked an American Airlines flight at the Sangster International Airport in Montego Bay, St James yesterday, hands a document to a member of the Jamaica Defence Force.In this Jamaica Observer file photo, an American Airlines passenger who arrived at the Sangster International Airport in Montego Bay, St James, after the country's borders [...]
SAN JUAN, Puerto Rico (AP) — Tropical Storm Isaias battered Puerto Rico on Thursday as it continued on a track toward the US mainland, unleashing small landslides and causing widespread flooding and power outages on an island still recovering from previous hurricanes and ongoing earthquakes. Especially hard hit by the storm's maximum sustained winds of [...]
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