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Business

Local interest gathering in Jamaica's fintech regulatory sandbox

BY DURRANT PATE Observer business writer | Friday, May, 8 2020    

The Bank of Jamaica is reporting that its recently overhauled regulatory regime for electronic retail payment system, dubbed the fintech regulatory sandbox, is receiving much traction from the local financial market. Read More

Financing the region's agriculture sector

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Friday, May, 8 2020    

As the Caribbean grapples with the fallout in key sectors there are renewed calls for the expansion of others such as the agri-industry, which some stakeholder groups such as the private sector believe if properly invested in will help the region in food proofing its status during and... Read More

Caribbean countries react to EU's latest blacklist

Friday, May, 8 2020    

BRIDGETOWN, Barbados (CMC) — The three Caribbean Community (Caricom) countries that were on Thursday named in a new European Commission list of high-risk third countries with strategic deficiencies in their regime regarding anti-money laundering and countering terrorist financing,... Read More

Business and consumer confidence survey to be revealed in July

Friday, May, 8 2020    

Due to the outbreak of the novel coronavirus (COVID-19) in Jamaica, the first quarter of the 2020 business and consumer survey will be presented alongside the second quarter in early July, according to Andre Gooden, chairman of the Jamaica Conference Board... Read More

Airlines expected to shrink in post-COVID-19 era

Friday, May, 8 2020    

Like many other industries across the globe impacted by the COVID-19 pandemic, the airline industry is one of those that has been hard pressed from the impacts, resulting in an unprecedented number of issues for carriers. Read More

Caribbean Airlines plans to fly past COVID-19

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Friday, May, 8 2020    

With global travel restrictions imposed due to the novel coronavirus (COVID-19) pandemic which led to the significant decline of air travel, CAPA - Centre for Aviation forecasted that by the end of May 2020 most airlines in the world will be bankrupted. However, Zachary Harding, board... Read More

For Haitians, die of hunger today or coronavirus tomorrow?

Friday, May, 8 2020    

PORT-AU-PRINCE, Haiti (AFP) — When the novel coronavirus first appeared in Haiti authorities and humanitarian experts panicked, worried about the country's decrepit health system — but the pandemic's economic consequences could prove yet deadlier for the nation's... Read More

Mastercard, CHTA launch tourism insights platform

Friday, May, 8 2020    

Mastercard and the Caribbean Hotel and Tourism Association (CHTA) have launched a tourism insights platform looking at travel trends from search to in-market spending for Dominican Republic, Puerto Rico and Jamaica Read More

Advantage in favour of COVID-19

Dennis Chung | Friday, May, 8 2020    

Although we have seen an absence of sporting events globally, one thing is certain is that if the current COVID-19 situation was a competition, it would be advantage COVID-19, as we continue to be weakened by the continuous attack of the virus. Read More

Artists, athletes cling to their dreams on Havana's rooftops

Friday, May, 8 2020    

HAVANA, Cuba (AFP) — These are hot, humid days in Havana. When the afternoon breeze sweeps in off the sea, William Roblejo steps onto the roof of his building, draws his bow across the strings of his violin, and runs through his repertoire of music to soothe an anxious... Read More

COVID-19 forces Savanna-la-Mar couple to change gear

BY ROSALEE WOOD Observer West reporter | Thursday, May, 7 2020    

SAVANNA-LA-MAR, WESTMORELAND — When Prime Minister Andrew Holness ordered the closure of schools on March 13 in an effort to contain the spread of the novel coronavirus, Isha Campbell-Jones and Kevon Jones, both vendors, of Meyler's Avenue in this rural town, were left without an... Read More

Negril chamber partners with TEF to distribute 2,000 care packages

BY ROSALEE WOOD Observer West writer | Thursday, May, 7 2020    

NEGRIL, Westmoreland - The Negril Chamber of Commerce in partnership with the Tourism Enhancement Fund (TEF), through the Tourism Linkages Network, has embarked on a food distribution drive aimed at assisting vulnerable residents in the resort town who have been negatively impacted by... Read More

Berry cautions about BOJ-imposed dividend suspension

BY DURRANT PATE Observer business writer | Wednesday, May, 6 2020    

At least one major player in the financial sector, Chris Berry, chairman of Mayberry Investments, is cautioning about the recently imposed suspension of dividend payments by the Bank of Jamaica (BOJ). Read More

IDB projects weakened growth prospects for 2020 and beyond

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, May, 6 2020    

The Inter-American Development Bank (IDB), in its latest assessment of the impacts of the COVID-19 pandemic, has said that shocks will have significant implications for Jamaica's economic performance and growth prospects this year and beyond. Read More



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