Business

20% TAX ON CELLPHONES — Cellphone imports tariff reverts to 20%

Individuals importing cell phones into the island are once again feeling the pinch following the resumption of a 20 per cent tariff on cellphone imports since the start of the month. Read More

Devaluation: help or hindrance?

With Marian Ross | Sunday, July, 23 2017    

Devaluation has helped many economies to stabilise amidst crisis. When combined with appropriate monetary policy, an economy can achieve both stabilisation and a positive growth path. Brazil and Canada provide good examples of this. Read More

Ecuadorian designers reinvent indigenous

Sunday, July, 23 2017    

RIOBAMBA, Ecuador (AFP) — After years of taking a backseat to Western style, indigenous fashion is re-emerging in Ecuador, thanks to a new generation of designers who are re-imagining traditional clothes. Read More

Australian malls turn to village life as retailers feel pinch

Sunday, July, 23 2017    

SYDNEY, Australia (AFP) — Australia's local merchants struggle with an influx of global names, leading malls are considering returning to their village centre roots to woo new tenants by moving away from shops and offering medical facilities, more restaurants and even amusement... Read More

Want to escape Sao Paulo's traffic?

Sunday, July, 23 2017    

SAO PAULO, Brazil (AFP) — While Uber has changed ground transport in many cities, Sao Paulo's infernal traffic jams have sparked a new app that opens the sky to commuters: Voom, a helicopter taxi service that charges according to distance and the passenger's... Read More

Tourism the key to foster trade for Caribbean

Saturday, July, 22 2017    

GENEVA, Switzerland (CMC) – A United Nations-backed report has stressed the need for greater recognition of tourism as a key service export in order to attract technical assistance to the sector in least developed countries (LDCs), including the Caribbean. Read More

JMMB to double integrated financial centres by 2018

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, July, 21 2017    

Commercial bank newcomer, JMMB Merchant Bank plans on expanding its integrated financial life goal centres to six branches across the island by the end of 2018. Read More

Sagicor Bank sells block of mortgage portfolio to VMBS

Friday, July, 21 2017    

Sagicor Bank Jamaica Ltd (SBJ) and Victoria Mutual Building Society (VMBS) announced yesterday that they have entered into an agreement for the sale of a block of mortgages from SBJ to VMBS. Read More

Hutton folds from CONEC Mobile Wallet

Friday, July, 21 2017    

Heston Hutton CEO of JaMobile Payment Services Ltd, a subsidiary of Jamaica Co-operative Credit Union League (JCCUL), has demitted office effective June 30, 2017, according to a news release yesteray. Read More

Carib Cement still lacks second Jamaican director

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Friday, July, 21 2017    

Colin Steele was not elected to fill the slot for a second Jamaican domiciled member of the board of directors of the Caribbean Cement Company Limited (CCCL), it has now been confirmed. Read More

The three types of clients every small business person should avoid

BY HANNIFFA PATTERSON | Friday, July, 21 2017    

Here is a description of the three types of clients that every small business person should try to avoid. A. THE CLIENT IN A RUSH Read More

Push for MoBay to become major centre for business

Friday, July, 21 2017    

MINISTER without Portfolio in the Ministry of Economic Growth and Job Creation Dr Horace Chang says the Government is positioning Montego Bay as a major centre for business in western Jamaica. Read More



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