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Seprod reports record $1.28-billion Q3 profit

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
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
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
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

Two branches to close as Scotia aligns organisational structure

Wednesday, October, 28 2020    

Scotiabank Jamaica yesterday announced that it will be closing its Black River and Old Harbour branches as part of several changes to its branch network which it said will better align its organisational structure with current revenues as well as the shift in customer... Read More

H&L upgrades e-commerce platform

Wednesday, October, 28 2020    

HARDWARE and Lumber Limited (H&L) will today launch its upgraded e-commerce platform in an effort to increase sales, expand customer service offerings and provide greater access to its products in store. Read More

Proposed amendments to BOJ Act need further discussion, says Chung

Wednesday, October, 28 2020    

Financial analyst Dennis Chung has responded to the central bank's letter to the editor last week in which it explained the rationale for amending the Bank of Jamaica Act (BOJA). Read More

RUBiS enters petrochemical export market

Wednesday, October, 28 2020    

RUBiS Energy Jamaica Limited recently dispatched the island's first export shipment of petrochemicals — a move which sees the country becoming the first in the region to undertake such a venture due to its terminal and storage infrastructure. Read More

Way cleared for Key Insurance rights issue

By Durrant Pate Observer business writer | Wednesday, October, 28 2020    

Key Insurance Company shareholders have given the green light to the financially strapped company's planned rights issue to raise much-needed capital. Read More

Mastercard mastermind

Wednesday, October, 28 2020    

MASTERCARD celebrates its first birthday in Jamaica by acknowledging that “gratitude is a must”. The global payment company, which has a strong technology footprint, stepped up its presence in the region and marked its first anniversary by celebrating the strengthened... Read More

Lower oil demand likely to persist beyond 2021 – World Bank study

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

While almost all commodity prices have recovered in the third quarter of 2020 following steep declines earlier in the year due to the COVID-19 pandemic, energy prices — despite some recovery — are expected to stabilise below pre-pandemic levels until at least 2022, the World... Read More

The way forward: Factors for Caribbean businesses to consider

Thea Blake | Wednesday, October, 28 2020    

The novel coronavirus pandemic has taught us that many Caribbean islands still have tremendous work to do to develop their online systems and thereby better manage their businesses on an online platform. Read More


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