The Bank of Jamaica (BOJ) has announced measures aimed at maintaining order in the financial system, in light of the coronavirus (COVID-19) outbreak. Governor, Richard Byles, who noted that Jamaica’s financial system remains sound, said the interventions are aimed at ensuring adequate access to the Jamaica dollar and foreign currency, thereby augmenting fiscal measures already instituted by the Government in...

Minister of Health and Wellness, Dr. the Hon. Christopher Tufton, says the Government continues to prepare hospital facilities to accommodate more patients, should there be an increase in the number of COVID-19 cases. “In terms of hospital readiness, we continue to expand on our readiness to deal with any potential increase in the numbers for the island’s critical hospitals,” he...

President of the Private Sector Organisation of Jamaica (PSOJ), Keith Duncan, is commending the Government on the fiscal package put in place to help those who will be impacted by the coronavirus (COVID-19). He said he is pleased that focus is being placed on employees, small businesses and the informal sector. “We appreciate the package and we appreciate that there...

Prime Minister, the Most Hon. Andrew Holness, has reiterated calls for Jamaicans to maintain the new rules regarding social distancing, in an effort to prevent the spread of the coronavirus (COVID-19). The Prime Minister’s call came during a COVID-19 Digital Town Hall, hosted at Jamaica House on Thursday (March 26). “What we ask of the public is to listen closely...

President of the Private Sector Organisation of Jamaica (PSOJ), Keith Duncan, says measures will be put in place by the banking sector to assist mortgagers who may experience difficulty in making their payments due to the novel coronavirus. (COVID-19). He pointed out that the banks and other financial institutions realise their customers will come under significant pressure during this period....

Bank of Jamaica (BOJ) Governor, Richard Byles, says the policy rate offered on overnight placements by deposit-taking institutions (DTIs) will remain unchanged at 0.50 per cent. This comes as the Government leads Jamaica’s response to the coronavirus (COVID-19) pandemic, which has seen the country recording 26 confirmed cases to date. Addressing journalists during a virtual press conference on Thursday (March...

The Ministry of Foreign Affairs and Foreign Trade is aware that between the 24th and 25th March, more than 100 Jamaicans found themselves in uncertain circumstances at the Hartfield International Airport where their flights to Jamaica had been cancelled in light of current travel restrictions. The Minister of Foreign Affairs and Foreign Trade, Senator the Honourable Kamina Johnson Smith advised...