caribbean business
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Jamaica’s remittance flows jump 25.7%: CARICOM BUSINESS
Jamaica’s net remittance flows totalled $220.9 million as at November 2020 reflecting an increase of 25.7% or US$45.2 million over November 2019. This increase resulted from a rise in gross remittance inflows of 18.7% or US$37.5 million aided by a decrease of 32% or US$7.7 million in outflows. Based on the Bank of Jamaica’s November 2020 Remittance Bulletin, the increase…
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SVG’s 2020 revenues higher than 2019 — Finance Minister: CARICOM BUSINESS
In a break with tradition, the government of St Vincent and The Grenadines, in the absence of a budget for 2021, received approval from Parliament to borrow EC$125 million for capital expenditure for next year. Public Sector Investment Loan No. 2 Act 2020, presented by Minister of Finance, Camillo Gonsalves, authorises the government to raise funds to assist the government…
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Jamaica State bus company to launch mobile supermarket: CARICOM BUSINESS
The Jamaica Urban Transit Company (JUTC) Limited will continue to pursue a number of initiatives aimed at increasing operational efficiencies, despite a 30% drop in revenue due to the novel coronavirus (COVID-19). One of the most ambitious proposals from the company is a plan to convert one of its buses into a mobile supermarket, geared at serving elderly and disabled…
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