Recent News

BUSINESS

China Targets Six Percent Economic Growth

China is aiming for an economic growth rate above six percent in 2021, after scrapping its target last year. China’s Premier announced its latest target at the opening of this year’s National People’s Congress. The target marks a return to strong growth after the COVID-19 pandemic impacted the world’s second largest economy. Although China’s economy grew last year, it only […]

Jamaica

Jamaica’s Health Minister Bemoans Chronic COVID-19 Situation

Health and Wellness Minister, Dr. Christopher Tufton, in a report noted that the coronavirus virus spread in Jamaica is putting Jamaica in a dire strait. He said the situation in hospitals has become more pronounced given the latest increase in the number of COVID-19 cases. The country recorded 723 new infections, pushing the total to 26,026, with 11,039 of the […]

Jamaica

BOJ Governor — Jamaica On Path To Economic Recovery

Bank of Jamaica (BOJ) Governor, Richard Byles, has stated that Jamaica is on the path to economic recovery following the devastation of the economy brought about by the coronavirus pandemic. Byles pointed to the foreign exchange market inflows, adequate reserves, a sustainable balance of payments position, and the containment of inflation within the Bank’s 4-6 percent target range, as degree […]

Jamaica

Jamaica’s Tourism Minister Maintains Bullish Outlook On Travel Industry

Tourism Minister Edmund Bartlett says the estimated gross earnings from the tourism industry for fiscal year 2021-2022 are projected at US$1.87 billion, with corresponding visitor arrivals of 1.6 million. He was addressing Wednesday’s sitting of the Standing Finance Committee, which is reviewing the 2021-22 Estimates of Expenditure. Just over one million stopover arrivals are projected representing a 117 per cent […]

Jamaica

Jamaica — 723 New COVID-19 Cases

Jamaica recorded a new high with723 new COVID-19 cases on Saturday, a 38% increase over the previous day’s record of 527. There were also seven additional confirmed deaths from the disease, taking the total to 453. The Corporate Area had by far the largest number of new infections, with 265. The adjoining parish of St. Catherine saw an increase of […]

SPORTS

Simmons Eyes Makeup Of World Cup Squad Through Sri-Lanka Series

The upcoming T20 series against Sri Lanka will be used as a Windies platform to identify key players for the World T20 Championship in India later this year. The West Indies, who are the defending World T20 champions, will take on Sri Lanka in a three-game series, with matches being played on March 3, 5, and 7 at the Coolidge […]

BUSINESS

Facebook Pledges Billion Dollar Investment In The News Industry

In a report recently, Facebook has pledged to invest at least $1 billion in the news industry over the next three years. The announcement came on the back of Australia’s government move to force tech platforms to pay for third party news content. Media companies have complained for years that they are not fairly compensated for articles and other content […]

BUSINESS

Twitter Set To Double Revenue In 2023

Twitter in a report said it’s looking to double annual revenue to at least $7.5 billion and reach 315 million users in 2023. On the back of that announcement the company’s share climbed by more than 8%. Twitter also said it will increase the number of features to generate an increase revenue and users. The social media platform has been […]

Health

WHO Warns — Drug Deals Threaten COVAX Supply

The World Health Organization (WHO) in a recent report noted that countries seeking their own COVID-19 vaccine doses are making deals with drug companies that threaten the supply for the global COVAX program for poor and middle-income countries. Jamaica is one of the countries set to benefit from the COVAX Facility. WHO senior adviser Bruce Aylward said in a briefing […]