JAMAICA MAKING MOVES TO ESTABLISH CRYPTOCURRENCY SYSTEM

Head of the Financial Institutions Supervisory Division of the Bank of Jamaica (BOJ), Dr Jide Lewis, says stakeholder discussions are underway to establish a regulated local cryptocurrency system here. Central Bank Digital Currency (CBDC) or cryptocurrency can be used to purchase goods and services. Examples include Bitcoin and Ethereum, which are the most popular versions … Continued

JAMAICAN GOVERNMENT TO FOOT BILL FOR THOSE WHO SUFFER ADVERSE EFFECTS OF COVID-19 VACCINE

Jamacia’s government will cover the required medical expenses in the event of an adverse reaction to AstraZeneca’s COVID-19 vaccine. That’s according to Minister of Health and Wellness, Dr Christopher Tufton. Speaking at the COVID-19 online media briefing Thursday, Tufton said, while the government has granted indemnity to manufacturers AstraZeneca, it is making plans to protect … Continued

USVI RECEIVES $21 MILLION FOR RENT ASSISTANCE; CHECKS WILL BE CUT TO LANDLORDS NOT TENANTS

Governor Albert Bryan announced Monday that the territory received $21 million from the federal government “to help people in distress with their (residential) rent. “The money is designed to help pay your landlord,” Mr. Bryan stated while speaking during the administration’s weekly Covid-19 response update. Previously, Senator Marvin Blyden stated the total received to be $12 … Continued

SVG RECORDS 4TH COVID-19 DEATH; 67 NEW CASES

IWITNESS NEWS St. Vincent and the Grenadines, on Saturday, recorded its fourth COVID-19 death, the second in three days. Dead is an 88-year-old male, a hypertensive patient was admitted to hospital on Jan. 28. The man died at 8:45 a.m. Saturday from sepsis secondary to COVID-19 pneumonia, the National Emergency Management Organisation (NEMO). Meanwhile, the … Continued

WITH TWO OFFICERS TESTING POSITIVE FOR COVID-19 AND OTHERS EXPOSED, VIPD SHUTS DOWN COMMAND CENTER IN ST. JOHN

VI CONSORTIUM ST. JOHN —The V.I. Police Department said Friday it would shut down temporarily the Leander Jurgen Command Center located in Cruz Bay after a number of employees at the command center tested positive for Covid-19. The Friday announcement follows days of concern among St. John residents after it was learned that there was … Continued

USVI AGRICULTURE FAIR 2021 CANCELED; NEXT EVENT TENTATIVELY SCHEDULED FOR 2022

VI CONSORTIUM The St. Croix Agriculture and Food Fair 2021 has been canceled because of the ongoing Covid-19 pandemic, announced the event’s board of directors Wednesday. The move, though somewhat expected, represents a blow to the St. Croix community, especially for participating vendors who look to the event as part of their annual revenue haul. … Continued

PURCHASE OF SHARES IN FIRSTCARIBBEAN INTERNATIONAL BANK LIMITED BY GNB FINANCIAL GROUP LIMITED FROM CIBC WILL NOT PROCEED

Canadian Imperial Bank of Commerce (“CIBC”) yesterday February 3rd, 2021 announced that the transaction that would have seen GNB Financial Group Limited acquire a majority stake in FirstCaribbean International Bank Limited (“FirstCaribbean”) will not proceed as the transaction did not receive approval from FirstCaribbean’s regulators.  “While this transaction would have supported FirstCaribbean’s long-term growth prospects, … Continued