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


IMF rejects crisis-hit Venezuela's request for US$5-b virus aid

Friday, March, 20 2020    

CARACAS, Venezuela (AFP) — The International Monetary Fund (IMF) on Tuesday rejected economically devastated Venezuela's request for a US$5-billion loan to help it cope with the onslaught of coronavirus on the country that an aid agency warned is as prepared as war-torn... Read More

Banks step up to assist customers impacted by COVID-19

Wednesday, March, 18 2020    

Some financial institutions in its response to providing support for customers, especially those most affected by the impacts of the novel coronavirus (COVID-19), has drafted specialised measures to cushion possible effects. Read More

JSE advises on the holding of AGMs during COVID-19 outbreak

Wednesday, March, 18 2020    

In light of the social distancing measures designed by the Government to control the spread of the novel coronavirus disease (COVID-19) — which takes effect today — the Jamaica Stock Exchange (JSE) is advising stakeholders to not only be guided by said... Read More

PSOJ urges SMEs to utilise sound business practices amidst COVID-19

Wednesday, March, 18 2020    

The Private Sector of Jamaica (PSOJ) has advised members of the small-and medium-sized enterprises (SMEs) to enforce sound business practices in the wake of the novel coronavirus disease (COVID-19), highlighting it as a vulnerable time for the sector. Read More

DBJ celebrates 10 years of financing micro entrepreneurs

Wednesday, March, 18 2020    

The Development Bank of Jamaica (DBJ) is celebrating 10 years of providing financial support to Jamaica’s micro and small businesses through its Micro Finance Window, which has disbursed more than $10.8 billion to more than 106,000 entrepreneurs since its inception up to December... Read More

JCC seeks spin-offs from booming Guyanese economy

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Wednesday, March, 18 2020    

THE massive oil discovery in Guyana will have a dramatic effect on driving its developing economy, with a growth rate of 85 per cent recently predicted by the International Monetary Fund (IMF). Read More

Societal and economic impact of COVID-19

Wednesday, March, 18 2020    

WITH the outbreak of COVID-19, many organisations are deep in crisis management and business continuity mode.The spread of this coronavirus presents us all with challenges. It's disrupting our day-to-day lives, and we're all having to rethink what's normal. Read More

Coronavirus threatens 50 million tourism jobs worldwide

Wednesday, March, 18 2020    

As the world ramps up measures to contain the spread of the novel coronavirus disease (COVID-19), it has been speculated that the deadly pandemic could put some 50 million jobs in the tourism sector at stake. Read More

As COVID19 escalates... 'Don't panic,' says JSE

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, March, 18 2020    

THE downturn in the Jamaica Stock Exchange (JSE) since the start of the year, coinciding with fears around the coronavirus (COVID-19) pandemic across the global economy, is prompting the JSE to consider the way forward as Managing Director Marlene Street Forrest says it is currently... Read More

Panjam shareholders to vote on APO and stock split

BY DURRANT PATE Observer business writer | Wednesday, March, 18 2020    

AN extraordinary general meeting is now being convened for shareholders of investment and real estate development listed company, PanJam Investment Limited, to vote on three proposals to raise funds from the local capital market for investment opportunities as well as expanding the... Read More

Jamaica Customs says imports and exports still continue…as country combats COVID-19

Wednesday, March, 18 2020    

The Jamaica Customs Agency (JCA) is assuring its stakeholders that the agency continues to facilitate imports and exports, while it continues to institute the relevant public health protocols for both staff and customers in combating the coronavirus disease... Read More

JNSBL pleased with quality of entries in second start-up kickstart competition

Wednesday, March, 18 2020    

The quality of pitches in the final round of the inaugural staging of the JN Small Business Loans (JNSBL) Start-up Kickstart competition last year led the microfinance company to stage a second competition in 2020, explains Thelma Yong, deputy general manager, JN Small... Read More

MoBay's food and beverage industry adapts to COVID-19

BY ALEXIS MONTEITH | Wednesday, March, 18 2020    

Businesses in the food and beverage industry in Jamaica have been scrambling to adapt to the fluid and ever-changing situation of the COVID-19 threat, with the latest development being the Government's decision to close operations (with the exception of takeout service) of nightclubs,... Read More

Global airlines slash flights as US carriers seek US$50-bn bailout

Wednesday, March, 18 2020    

NEW YORK, United States (AFP) — Major world airlines on Monday announced further deep cuts to service as the worsening novel coronavirus disease (COVID-19) crisis ravages demand, accentuating talk of government support and with US carriers formally releasing a plea for a bailout of... Read More

Close the markets? It won't happen, Mnuchin says

Wednesday, March, 18 2020    

NEW YORK, United States (AFP) — The Great Depression closed Wall Street and so did 9/11, but as the coronavirus hammers the global economy and likely sends the United States into recession, Treasury Secretary Steven Mnuchin yesterday ruled out a temporary closure of the stock... Read More


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