COVID-19 BAILOUT: Clarke tells how Gov’t will help workers, small businesses
Finance Minister Dr Nigel Clarke yesterday outlined the Government’s financial bailout package for thousands of Jamaican workers and small operators in tourism and related sectors who have taken a hit by a downturn in activities because of the COVID-19 pandemic.
Entire closure of Jamaica’s tourism industry due to COVID-19
Tourism Minister Edmund Bartlett is admitting that the entire tourism industry in Jamaica is facing imminent closure given the travel restrictions on many of its source markets as well as local containment and restriction protocols…
NHT Relief – Sweetener For New Borrowers, 100,000 Mortgagors To Benefit From Rate Cut
With the COVID-19 pandemic turning its screws on the Jamaican economy, Prime Minister Andrew Holness yesterday announced a stimulus package to reduce interest rates by one percentage point to new National Housing Trust (NHT) borrowers while offering existing mortgagors a 0.5 per cent rate cut…
BOJ Governor advises exchange rate at equilibrium
IN his Wednesday afternoon quarterly press briefing on monetary policy, Bank of Jamaica (BOJ) Governor Brian Wynter argued the Jamaica dollar exchange rate was at or close to equilibrium.
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