Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


Kremi undertakes retooling at depots to reduce energy cost

Ice cream and frozen novelties manufacturers Caribbean Cream Limited (Kremi), in an attempt to reduce its energy consumption cost, has said it will be investing in up to date facilities through a retooling exercise expected to take place across depots. Read More

Seven more companies seeking to host virtual AGMs
The Jamaica Stock Exchange (JSE) is returning to the Supreme Court next month seeking permission to have another set of listed companies host their annual general meetings (AGMs) virtually, given the COVID-19 restrictions.... Read More

Gov't programme will transition workers to the formal economy
Two Government ministries are to launch a programme targeted at workers operating informally in household services, and the agriculture and fisheries sectors to aid their transition to the formal economy. ... Read More

Caribbean Producers Jamaica (CPJ) is beginning its full recovery programme after an abysmal 2019-2020 financial year in which sales and revenues plummeted, resulting in losses of US$4.35 million ($630 million).... Read More

Trans Guyana Airways to begin commercial flights to Barbados

Friday, October, 30 2020    

Trans Guyana Airways (TGA) has announced that it will introduce five weekly flights to Grantley Adams International Airport in Barbados from Eugene F Correia International Airport in Guyana, beginning November 1. Read More

Carib Cement weathers COVID-19 storm

Friday, October, 30 2020    

Caribbean Cement Company has done what several other listed companies have been failing to do, record increased profits and revenues in despite COVID-19 challenges. Read More

Oil prices slide in lockdown-driven rout

Friday, October, 30 2020    

LONDON, United Kingdom (AFP) — Oil prices dived yesterday on demand fears as more nations go into lockdown to stanch the spread of the novel coronavirus, while stock prices enjoyed a reprieve. Read More

Everything Fresh Jamaica completes expansion to Bahamas

By Durrant Pate Observer business writer | Friday, October, 30 2020    

Everything Fresh Jamaica — one of the island's premier importers and distributors of fruits, vegetables and other food products — has completed its expansion to The Bahamas. Read More

Seprod reports record $1.28-billion Q3 profit

By David Rose Business Observer writer | Wednesday, October, 28 2020    

With sugar operations no longer holding down the company's bottom line, manufacturing and distribution company Seprod set a record net profit of $1.28 billion in its third quarter and $2.48 billion for the nine months which outperformed its entire 2019 financial year... Read More

SEZ an advantage during COVID-19, says Stanley Motta CEO

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, October, 28 2020    

Stanley Motta Limited (SML) CEO and Chair Melanie Subratie says despite the devastating economic impact resulting from the novel coronavirus outbreak the company, which was accorded Special Economic Zone (SEZ) status in March, stands to achieve stable earnings. Read More

Christmas cards' rewards in store for NCB customers

Wednesday, October, 28 2020    

National Commercial Bank (NCB) says it is offering rewards and cashback offers with purchases made using its credit cards during Pre-Christmas shopping events such as Design Week and the upcoming Jamaica Observer Take Style Out. Read More

Key Insurance engages digital strategy to grow revenues

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, October, 28 2020    

Key Insurance has touted digitisation and the boosting of operational efficiencies as major parts of its continuous turnaround strategy to improve revenues. Read More

Western Union to close in Cuba following new US sanctions

Wednesday, October, 28 2020    

HAVANA, Cuba (AFP) — US-based money transfer company Western Union will close its offices in Cuba following new sanctions from Washington which prevent it from working with Fincimex, a financial company run by the island's military, Havana said yesterday. Read More

Chorvelle Johnson Cunningham: Teacher-turned-leading banker

BY DAVID ROSE Business Observer writer | Wednesday, October, 28 2020    

Before entering the arena of finance, which eventually culminated with her appointment as CEO of Sagicor Bank Jamaica (SBJ), Chorvelle Johnson Cunningham's career began in a classroom at Kingston Technical High School, where she taught business to upper school... Read More

Andersen Global beefing up Jamaican operations with Myers, Fletcher & Gordon partnership

Wednesday, October, 28 2020    

American-based tax and legal services firm Andersen Global is solidifying its presence in Jamaica by teaming up with the island's largest law firm, Myers, Fletcher & Gordon. Read More


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