Business

Rainforest Seafoods to introduce lionfish fillet

A lionfish

Brian Jardim, CEO of Rainforest Seafoods Ltd said the company is set to introduce a lower-priced fish fillet on the local market from a new product — lionfish. The company has, within the last week, launched an advertising campaign requesting delivery of unlimited amounts of the seafood from ... Read More

An entry to Up Park Camp in Kingston 
Soldier’s missing money gets attention from Sagicor
Dear Claudienne, I am writing on behalf of my son who is a soldier. On August 31, 2016, he went ... Read More

President, Jamaica Agricultural Society (JAS), Norman Grant (centre), admires a piece of pumpkin during the 13th anniversary of the Eat Jamaican Day exposition on the lawns of Devon House in Kingston. Others photographed are (from left) farmer Lascelles Simmond; chief technical director in the Ministry of Industry, Commerce, Agriculture and Fisheries, Stephen Wedderburn; Custos of Kingston Steadman Fuller; and 2016 National Farm Queen Safiya Clennon. (Photo: Donald De la Haye) Fix farm roads to increase production — Grant
President of the Jamaica Agricultural Society (JAS) Norman Grant is calling on the Government to all ... Read More

Chupse Production Supervisor Rasheda Tennant displays one of the company’s items made from coffee beans.. A ‘Chupse’ of LOVE AND AFFECTION
There was no need to ask Chupse twice if it would again participate in this year’s staging of ... Read More

Ramocan to lead charge on UK diaspora investment

Sunday, December 04, 2016    

Jamaica’s High Commissioner-designate to the United Kingdom, George Ramocan (right), receiving a souvenir from Deputy General Manager of the Jamaica Stock Exchange, Robin Levy, during a courtesy call at the JSE on Thursday, November 24.

“The Jamaica Stock Exchange provides an ideal opportunity for members of the Jamaican Diaspora to help Jamaica while helping themselves. It’s a win-win formula that makes so much sense,” says George Ramocan, high commissioner-designate to the UK, as he met with senior officials at the Jamaica Stock Exchange yesterday. Ramocan, who has been making the rounds, as he prepares to depart for London where he will take up the post as Jamaica’s Head of Mission to the United King ... Read More

A turning point for townhouses?

Matthew Hogarth | Sunday, December 04, 2016    

Townhouse living can be complex. (Islanndwide Project Development)

In my last article I referenced a real estate symposium held on Wednesday, October 12th, 2016 which was hosted by the Realtors Association of Jamaica in partnership with Victoria Mutual, at which the keynote speaker was Andrew Holness, prime minister of Jamaica. During his keynote speech, in addition to pronouncements on the Government’s plans to introduce the required policies and framework required to enable a secondary mortgage market and reverse mortgages, the prime minister also state ... Read More

Your financial problem is… you

With Dennise Williams | Sunday, December 04, 2016    

Face up to your problem.

Deep down you have an idea of what your financial problem is. And while the bank statement at the end of the month is the glaring example of the fact that not enough money is coming in, the real issue is, how are you going to solve it? To solve it you have to name it. So what’s been standing in YOUR way? Do you have a lack of confidence and so don’t search for another opportunity or ask for a raise? Lack of persistence and you can’t stand to hear “No”? Inabilit ... Read More

Regional procurement centre planned for UTech

BY HORACE HINES Observer staff reporter hinesh@jamaicaobserver.com | Sunday, December 04, 2016    

WILLIAMS... government holds the largest purchasing power in the Jamaican economy.

In a move to improve the stock of trained, accredited professionals to oversee procurement in the region, the Caribbean Development Bank (CDB) is partnering with the World Bank to establish a regional procurement centre at the University of Technology, Jamaica. The establishment is expected to be up and running by the latter part of next year. “So what we decided to do was to provide some seed money, if you will, [to] establish a regional centre that would provide training that was tailored ... Read More

With Castro gone, US presence in Cuba grows

Sunday, December 04, 2016    

Cubans wait for the passage of the convoy carrying the remains of Cuban revolutionary leader Fidel Castro at the Carretera Central on December 1, 2016. (Photo: AFP)

HAVANA, Cuba (AFP) — Fidel Castro spent his life combating US capitalism, but by the time he died American cruise ships, regular flights and even the embassy had returned to the communist-ruled island. The US flag now hangs ubiquitously on the bicycle rickshaws that pull growing numbers of American visitors around Old Havana, while artists sell posters of US President Barack Obama, highlighting Cubans’ hopes that the rapprochement will improve the island’s anaemic economy. O ... Read More

Bond outlook post-election

With Lisa Minto-Powell | Sunday, December 04, 2016    

CINCINNATI, United States — President-elect Donald Trump (left) and Vice President-elect Mike Pence stand onstage together at US Bank Arena on Thursday in Cincinnati, Ohio. Trump took time off from selecting the cabinet for his incoming administration to celebrate his victory in the general election. (Photo: AFP)

US elections and the financial markets have been abuzz with activity over the last couple of weeks, with many keeping a close eye on all the recent developments. Sterling Asset Management Ltd hosted our last investor briefing on the 16th of November, which was well attended. The address by Ellis Phifer, managing director of Raymond James, was very insightful for me and for everyone in attendance. He spoke about volatility in the markets in the wake of the US elections, and the long-term expect ... Read More

Lagos poor left homeless by ruthless modernisation bid

Sunday, December 04, 2016    

LAGOS, Nigeria — A boy walks past makeshift structures demolished by the authorities at Otodo Gbame waterfront fishing communities in Lagos on November 28, 2016. (Photo: AFP)

LAGOS, Nigeria (AFP) — Efforts by Lagos authorities to turn Nigeria’s chaotic commercial capital into a modern megacity have run into controversy after the demolition of an impoverished waterfront neighbourhood left 30,000 people homeless. With swanky private estates and a glittering new city under construction on land reclaimed from the Atlantic Ocean, housing for some of the 20 million people living in notoriously dysfunctional Lagos appears to be getting better. But as the cit ... Read More

Maduro celebrates landmark OPEC agreement to cut oil production

Saturday, December 03, 2016    

HAVANA, Cuba — Venezuela President Nicholas Maduro (left) applauds as Qatar's former Emir Hamad bin Jalifa Al Thani, (right), greets Cuba's President Raul Castro after speaking during a rally honoring Fidel Castro at the Revolution Plaza in Havana, Cuba, Tuesday.  (Photo: AFP)

CARACAS, Venezuela (Xinhua) — Venezuela’s President Nicolas Maduro hailed yesterday an agreement by the Organization of Petroleum Exporting Countries (OPEC) to reduce oil production for the first time in eight years. Maduro’s reaction came after the OPEC oil cartel had made a decision on the same day in Vienna to set the ceiling of oil production at 32.5 million barrels per day. The reduction of 1.2 million barrels per day by January will seek to reduce the oversupp ... Read More

Blood, flies, agony: Inside Venezuela’s hospital hell

Saturday, December 03, 2016    

An internal view of a Venezuelan hospital

CARACAS, Venezuela (AFP) — Plumber Freddy Herrera broke his leg in four places when he crashed his motorbike nine months ago. But his real troubles started when he got to hospital. The doctors fixed the leg. Then they had to operate 13 times more to cut out infections caught in the stinking hospital where he languishes. With open rubbish bins, flies in the corridors and rotting corpses stacked in the morgue, this public hospital in the Coche district of Caracas could be the set of a horr ... Read More

Agriculture sector helping to boost economy and pass IMF tests

By KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, December 02, 2016    

GRANT... a big part of the Jamaican economy doing so well is because the agricultural sector has done well (Photo: Micahel Gordon)

PRESIDENT of the Jamaica Agricultural Society Norman Grant says the Eat Jamaican campaign has played a significant role in the country’s passing of 14 performance assessments under the International Monetary Fund (IMF). “The Eat Jamaican campaign has not only repositioned agriculture and rural development as the lifeblood of the economy, but it has led and helped Jamaica to pass 14 consecutive IMF tests,” Grant said, while adding that over 250,000 local farmers and fisherfolk ... Read More



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