Elizabeth Morgan | Christmas’ contribution to the economy

For the Church, Christmas is about salvation and the birth of Christ, but there is a business side to it. The celebrations, religious and secular, contribute to economies and are worth studying. In Bethlehem in the West Bank of Palestine this year, the usual hustle and bustle were absent as Christmas was canceled due to the war. It was not only the pilgrims who felt the loss but the business community in Bethlehem as well.

We are concerned

MEMBERS of Jamaica’s private sector say they are getting increasingly concerned that the border dispute between Guyana and Venezuela could soon start having an impact on companies that are either already doing business in Guyana or those which are only in the planning stages of going after opportunities in that market.

Hold steady

THE Bank of Jamaica (BOJ), said it will keep its key policy rate steady at seven per cent for at least the next eight weeks, on concerns that Jamaica’s inflation could move outside of its target range of 4 per cent to 6 per cent over the next 15 months from December 2023 and March 2025 quarters.

Vet your staff properly

With the world experiencing a spike in fraudulent activities since the COVID-19 pandemic, commissioner of revenue protection in the Ministry of Finance Cranston Morgan has implored financial institutions to ensure they properly vet new staff and periodically do the same with workers who are being moved to departments that deal with sensitive information.

Call For Greater Public-Private Sector Partnership with Law Enforcement in Crime Fight

Jervis Moore, director of investigations at the Major Organised Crime and Anti-Corruption Agency (MOCA), has called for greater partnership and cooperation between the public and private sectors and law enforcement in order to step up the fight against corruption and fraud.

Signalling that fraud perpetrated against financial institutions and through lotto scamming helped to fund and arm gangs in the country, Moore also warned that corruption was a threat to democracy.

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