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


FosRich puts in bid for final phase of National Street Lighting Replacement Project

Being the successful bidder for all three previous phases of the National Street Lighting Replacement Project, FosRich, one of Jamaica's premier lighting companies has put in a bid for the final phase. Read More

FosRich to expand PVC manufacturing business
As the sole manufacturer of polyvinyl chloride (PVC) pipes locally, FosRich Company Limited is seeking to extend this line of business with the additional production of other pipes and fittings. ... Read More

Dufry wins extension to its Sangster International Airport concession
Global travel retailer Dufry has won a six-year extension to its retail concession business at the Sangster International Airport in Montego Bay, Jamaica, covering duty-free and duty-paid shops.... Read More

Indies Pharma pivots into new line of pharmaceuticals as a result of COVID-19
Pharmaceutical company Indies Pharma has pivoted into a new line of products as a result of COVID-19 which wreaked some havoc on the business.... Read More

Carreras embraces future transformation with new logo

BY KELLARAY MILES Business Reporter milesk@jamaicaobserver.com | Wednesday, March, 3 2021    

Cigarette company Carreras Limited (CAR) in an effort to make official changes to its corporate image and expand its business outlook has since this week rolled out a new logo as part of its transformation objective. Read More

The impact of the Data Protection Act on direct marketing

With Joanna Marzouca | Wednesday, March, 3 2021    

BY the press of a button, organisations have direct contact with just about anyone to tell them about the latest sales promotion, upcoming event or offer. But have you ever wondered how you get these messages if you didn't sign up for them? Read More

Sagicor still positive despite X-Fund losses

BY DAVID ROSE Observer business writer | Wednesday, March, 3 2021    

Sagicor Real Estate X-Fund had its worst year on record as losses for the 2020 financial year (FY) ended at a net loss attributable to shareholders of $10 billion with the consolidated net loss standing at $15.4 million. Read More

Local equity market investors now at 10 per cent, says Street Forrest

Wednesday, March, 3 2021    

Jamaica Stock Exchange (JSE) Managing Director Marlene Street Forrest says over the last 10 years the percentage of investors in the local equities market has grown from 2 per cent to 10 per cent. Read More

Sterling Investments records significant growth despite COVID-19

Wednesday, March, 3 2021    

Despite the devastating economic disruption caused by the novel coronavirus pandemic, Sterling Investments Limited (SIL) was able to record significant growth in its 2020 financial year. Read More

First Citizens earnings dragged by sluggish economy

BY DAVID ROSE Observer Business Writer | Wednesday, March, 3 2021    

WITH global oil markets slowly creeping back up and borders still closed, Trinidad-based First Citizens group reported a 22 per cent decline in net profit to TT$173.9 million ($3.8 billion) for the period ending December 31, 2020. Read More


Wednesday, March, 3 2021    

In this issue of Digital Life, we continue the Jamaica Computer Society's Youth Innovators in Tech series with Joel Dean. He's senior software engineer at Automattic which owns the popular WordPress blogging platform that has more than 135 million active websites around... Read More

Caribbean Assurance Brokers goes digital

BY DURRANT PATE Observer business writer | Wednesday, March, 3 2021    

Caribbean Assurance Brokers has gone digital, as it seeks to offer more products online while growing the business seamlessly in this pandemic-struck business environment. Read More

MSMEs to benefit under BIGEE project

Wednesday, March, 3 2021    

One hundred micro, small and medium-sized enterprises (MSMEs) are to benefit from capacity-building, technical assistance or grants in the upcoming financial year. Read More

NCB invests in digital training for employees

Wednesday, March, 3 2021    

As the National Commercial Bank Jamaica Limited (NCB) seeks to become a fully digital organisation by 2024, the entity, through recent investments, is also seeking to facilitate the digital development of its employees. Read More

Access Financial earnings pressured under decreased loan disbursal

BY DAVID ROSE Observer Business Writer | Wednesday, March, 3 2021    

ALTHOUGH Access Financial Services Limited (AFS) hasn't faced any significant fallout from the coronavirus pandemic the company's net profit for the third quarter fell by 25 per cent to $66.3 million, with the overall earnings down 65 per cent to $127.9 million for the nine months ending... Read More


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