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


Key Insurance now trading on the JSE main market Graduates from Junior Stock Market

Key Insurance Company, now a subsidiary of the GraceKennedy Group, is now trading on the main market of the Jamaica Stock Exchange (JSE) having graduated from the junior market. Read More

ILO: COVID-19 causes devastating losses in working hours and employment
The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new International Labour Organization (ILO) report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the...... Read More

Sagicor Investments reduces online trading fees amidst COVID-19 outbreak
Sagicor Investments has reduced its online trading fee to 0.5 per cent for clients having an online trading account with the Jamaica Stock Exchange (JSE) trading platform ( Jtraderpro ) . ... Read More

BOJ removes restriction price on US$20 billion B-FXITT auction
The Bank of Jamaica (BOJ) has removed the restriction on the price at which B-FXITT participants can resell the US$20-million intervention funds, which was auctioned on Wednesday. ... Read More

SSLVC restocks leadership of its Bar Central subsidiary

BY DURRANT PATE Observer business writer | Friday, April, 10 2020    

Investment firm SSL Venture Capital (SSLVC) is beefing up the management capability at its subsidiary, Bar Central Limited, as it seeks to grow market share and profitability Read More

Pandemic gives shot in the arm to Cuba's medical missions

Friday, April, 10 2020    

HAVANA, Cuba (AFP) — Cuban doctors are back in global demand as overwhelmed national health care services tap their crisis experience as they battle with the coronavirus pandemic. Read More

The cure shall not be worse than the virus

Friday, April, 10 2020    

IF you have a headache, you can take medication like Advil or Panadol, and they will advise you of the maximum amount you can take say in 24 hours. If you do not take any measures to stop the headache, you will of course suffer the headache for a longer time than if you took some... Read More

EXIM Bank considers loan intervention programmes for SMEs

Friday, April, 10 2020    

Managing director of the National Export-Import (EXIM) Bank of Jamaica says loan intervention programmes to assist small- and medium-sized enterprises (SME) in the productive sector with operational stresses caused by the novel coronavirus disease (COVID-19) outbreak... Read More

Carnival says cruises for 2021 a hard sell

Friday, April, 10 2020    

Carnival, the world's largest cruise company, in its latest assessment of operations, said that amidst the ravaging effects of the coronavirus disease (COVID-19) on global tourism, they have found that even cruises scheduled for next year are proving to be a hard... Read More

Haiti's crowded prisons a coronavirus catastrophe waiting to happen

Friday, April, 10 2020    

PORT-AU-PRINCE, Haiti (AFP) — Imagine the struggle of containing the coronavirus if it hits Haiti's hellish prison system, the world's most overcrowded, where filthy, sometimes windowless cells meant to house 20 people are teeming with up to 80, unable to even go outside for fresh... Read More

GK's Wehby calls for more local, value-added finished goods .

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, April, 8 2020    

W ith the recent predicament of excess tonnes of agricultural produce at risk of wasting, more calls are being made for the agro-processing sector to engage, market and develop a wider range of value added finished products using local agricultural... Read More

BOJ expects significant fallout in foreign exchange

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, April, 8 2020    

The Bank of Jamaica (BOJ) has said that given the continued effects stemming from the coronavirus disease (COVID-19) across the globe, it has factored the reality that there will be a significant fallout in foreign exchange (FX) as two major sources — remittances... Read More

JMMB offers financial lifeline to vulnerable clients affected by COVID-19

Wednesday, April, 8 2020    

THE JMMB Group, as a response to easing the financial burdens of its most vulnerable clients who may be threatened by the economic fallout of COVID-19, has extended a lifeline aimed at cushioning possible blows to these businesses. Read More

Financial Services Commission to expand regulatory functions

Wednesday, April, 8 2020    

The Financial Services Commission (FSC) will be looking to expand its regulatory functions this year, to include domestic and international trust service providers and virtual asset service providers. Read More

COVID-19: Landlords, tenants and mortgagors

BY Venice Williams-Gordon | Wednesday, April, 8 2020    

The COVID-19 pandemic presents a real threat to our economy. In Jamaica, landlords, tenants and mortgagors are concerned about whether they have any rights when dealing with a pandemic and its potential consequences.  Read More


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