Business

Sagicor may distribute PATH and CARE benefit payments via My Cash

Sagicor Bank is close to brokering a deal with the Government for using its My Cash prepaid card for the distribution of PATH and CARE benefit payments. Read More

Fontana revenues up but profits down for March quarter
Fontana Limited has achieved revenues of $1.17 billion for its third quarter ended March 31, 2020. This represents a 33 per cent increase over the $885.1 million recorded in the previous corresponding quarter.... Read More

MICAF spends $650,000 to assist higglers in Annotto Bay under quarantine
The Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) has assisted higglers in Annotto Bay, St Mary, through its Buy-Back Programme, at a cost of $650,000.... Read More

Rainforest responds to COVID with new services
Rainforest Seafood has found new and creative ways to connect with consumers and at the same time offload excess supplies and pivot from the challenges brought on by the COVID-19 pandemic.... Read More

Sygnus reports increase in investments for third quarter

Wednesday, May, 27 2020

Private credit investment company Sygnus Credit Investments Limited (SCI) has reported a record third quarter ended March 31, 2020 of investment origination activity. Read More

Personal liability: Company directors governing in times of financial distress

With Jezeel Martin | Wednesday, May, 27 2020

Since the first positive case of COVID-19 was confirmed in Jamaica in March 2020, it is incontrovertible that the local business community has been significantly impacted by the epidemic. An examination of the varying sectors of the business community may reveal that, for some, business... Read More

GenAc launches new insurance package for SMEs

Wednesday, May, 27 2020

Insurance provider General Accident Insurance (Jamaica) Limited (GenAc) has rolled out a new combined business insurance policy for small- and medium-sized businesses (SMEs). Read More

7 ways to make yourself more employable in a changing world

Wednesday, May, 27 2020

THE world is changing rapidly and dramatically due to the coronavirus pandemic. We're having to adapt how we live day to day, including how we study and work. Read More

Michel Gantois appointed new JPS CEO

Wednesday, May, 27 2020

THE Board of Directors of the Jamaica Public Service (JPS) has appointed Michel Gantois as the new president and chief executive officer (CEO) of the company, effective May 31st. Read More

'It's kind of glum': US farmers worry as crop prices dip

Wednesday, May, 27 2020

MOUNT AIRY, United States (AFP) — Dave Burrier steered his tractor through a field, following a GPS map as he tried to plant as much corn as possible amid the yellow and green rye covering the ground. Read More

Macau casino tycoon Stanley Ho dies at 98

Wednesday, May, 27 2020

HONG KONG, China (AFP) — Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighbouring Macau from a sleepy Portuguese outpost into the world's biggest gambling hub, died on Tuesday at the age of 98, his family said. Read More

NYSE floor reopens as world tries to kickstart post-virus economy

Wednesday, May, 27 2020

NEW YORK, United States (AFP) — From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on yesterday as the global economy eased its way out of lockdown. Read More

IMF head in favour of halted bank dividends and buy-backs

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, May, 27 2020

AS the world braces itself for a deep recession in 2020, having in place strong capital and liquidity positions to support fresh credit will be essential to economies, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. This, she believes, will... Read More

Italy's 'green corridors' bring in foreign farm workers

Wednesday, May, 27 2020

ROME, Italy (AFP) — The first group of foreign farm workers, more than 100 Moroccans, arrived in Italy on Friday, via a so-called green corridor allowing them to fly in to help pick the country's ripening crops. Read More

Business conditions worse off now says BOJ report

BY DURRANT PATE Observer business writer | Tuesday, May, 26 2020

Jamaican businesses are exhibiting a grave lack of confidence in local business conditions according to the latest findings of the Bank of Jamaica (BOJ) Present Business Conditions Index. Read More