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Business

Business Observer Report: PIOJ reports 20 quarters of positive growth … TransJamaican IPO upsizes… Jamaica's imports up by 3.9 per cent

KINGSTON, Jamaica— The Planning Institute of Jamaica (PIOJ) in its latest review of economic performance, reported a positive economic outlook, based on the continued stability of the macroeconomic environment. Read More

Medicanja not giving up on IPO
Jamaica's first registered medical cannabis company, Medicanja, is pushing to get its initial public offer (IPO) off the ground later this year, an effort that has been in the works for three years. ... Read More

Salada shareholders question stock split proposal
At least two shareholders of Salada Foods have voiced their concern over a proposal to split the company's shares.... Read More

Jamaica secures Japan's support for GI tag for Blue Mountain coffee
Jamaica has secured the support of Japan in its bid to obtain a geographical indication (GI) tag, which seeks to protect its luxury coffee brand, which has been hit by a spate of counterfeit marketers.... Read More

Eppley and NCB Capital Markets commit to Caribbean Mezzanine Fund

Friday, February, 28 2020    

Eppley Limited and National Commercial Bank Capital Markets (NCBCM) have announced that they have made full investments of committed capital to their Caribbean Mezzanine Fund (CMF). Read More

Hampden’s Harris to educate Jamaicans about rum

BY HG HELPS Editor-at-Large helpsh@jamaicaobserver.com | Friday, February, 28 2020    

NEW YORK, USA — When the second edition of the Jamaica Rum Festival is held at Hope Gardens, St Andrew, educating people about the spirit will be foremost among the plans of Hampden Estates executive, Christelle Harris. Read More

STR reports on Caribbean's hotel industry

Friday, February, 28 2020    

Market analytics firm Smith Travel Research (now STR), in its latest review, said that hotels are on the rise in the Caribbean. This they believe is largely attributed to the fact that higher numbers of rooms are being constructed across the region. Read More

JSE DECLINES as investors ready for IPOs

BY DURRANT PATE Observer business writer | Friday, February, 28 2020    

The local stock market has been in decline, particularly since the start of the year, as investors are selling out their shares to position themselves to buy into the recent initial public offering (IPOs). Read More

Eppley clarifies that share buy-back ongoing, has no target

Friday, February, 28 2020    

Eppley Caribbean Property Fund Chairman Nicholas Scott has clarified that the company's share buy-back plan is an ongoing endeavour and as such any suggestion of a failure to meet a target is inaccurate, as the plan has no target. Read More

HR without humans? Wow!

Tamique Hines | Friday, February, 28 2020    

To transition from working in an environment with manual and repetitive processes to a digital and robotics-driven one, can be daunting and may be even uncomfortable for some human resource practitioners. Yet this shift may be unavoidable for those who drive this function in... Read More

Cuba buys fuel shipment, vessel and all, due to US sanctions

Friday, February, 28 2020    

HAVANA, Cuba (AFP) — Cuba purchased a shipment of oil — and the vessel holding it — as its owner refused to dock at the island nation over fears of violating US sanctions, the Government said Wednesday. Read More

Pressured by US sanctions, Cuba struggles to pay its debts

Friday, February, 28 2020    

HAVANA, Cuba (AFP) — Foreign companies going unpaid, creditor countries told to be patient: as Cuba struggles under the weight of US sanctions, it has also been struggling to pay its debts, raising serious concern among its partners. Read More

Fontana records its best-ever quarter

BY RICHARD BROWNE Business editor browner@jamaicaobserver.com | Wednesday, February, 26 2020    

Fontana Limited is reporting the most successful quarter in its more than 50-year history, for the quarter ended December 31, with the new Waterloo Square location in Kingston surpassing planned expectations. Read More

PIOJ considers COVID-19 effect on economy

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Wednesday, February, 26 2020    

The Planning Institute of Jamaica (PIOJ) has said that arising from the global threat of the novel coronavirus (COVID-19), they have factored the likelihood of its impact negatively affecting the economy — particularly through reduced export earnings and weakened... Read More

Deaf Can! lists as first social enterprise on JSSE

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Wednesday, February, 26 2020    

Having been officially listed on the Jamaica Social Stock Exchange (JSSE), founder and chief executive officer of Deaf Can! Coffee Blake Widmer says the company will be going back to its roots as coffee farmers. Read More



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