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


Palace Amusement obtains interim financing to stay afloat

Jamaica's lone cinema operator, Palace Amusement Company Ltd, has obtained interim financing from its bankers to keep the business afloat, having closed all its cinemas on March 14 in observance of social distancing restrictions by the Government to control the spread of... Read More

IDB warns of devastating tourism shocks in Caribbean
WASHINGTON, DC, United States (CMC) — A new study by the Inter-American Bank (IDB) says Latin America and the Caribbean (LAC) will suffer “an unprecedented economic shock” from a sharp downturn in tourism as a result of the novel coronavirus (COVID-19)...... Read More

NCB Financial Group streamlines insurance portfolio
In a bid to strengthen its local insurance portfolio and optimise its product and service offerings and customer experience, the National Commercial Bank Financial Group (NCBFG) has commenced the process of streamlining the insurance business currently offered by its competing...... Read More

'Christmas in July' trade show application closes July 3
Business entities interested in participating in the 'Christmas in July' trade show are being encouraged to apply before the July 3 deadline.... Read More

Venture capital opportunities for resilient companies

BY ABBION ROBINSON Business reporter robinsona@jamaicaobserver.com | Friday, July, 3 2020    

While the COVID-19 pandemic has proven catastrophic for the global economy, companies that are able to quickly adapt to combat the impacts of crises are the ones that investors are particularly interested in, according to Dmitri Dawkins, managing director of Graft... Read More


Friday, July, 3 2020    

Amidst the uncertainty and economic downturn due to the COVID-19 pandemic, Island Grill yesterday officially opened a new restaurant at King Street, downtown Kingston, a $100-million investment bringing to 17 the number of restaurants in the Jamaican chain. Read More

STATIN reports 0.2% inflation rate for April

Friday, July, 3 2020    

Jamaica's inflation rate for April 2020 was 0.2 per cent as the All Jamaica Consumer Price Index (CPI) moved from 103.5 in March 2020 to 103.7. The Statistical Institute of Jamaica (STATIN) issued the new figures in a release on Wednesday. Read More

BOJ maintains 0.50% policy

BY DURRANT PATE Observer Business writer | Wednesday, July, 1 2020    

The Bank of Jamaica (BOJ) is maintaining its policy interest rate at 0.50 per cent per annum for at least another month. Read More

Simone Clarke-Cooper steps out into entrepreneurship with SimSpeak Communication

Wednesday, July, 1 2020    

Broadcaster and communication specialist, Simone Clarke-Cooper is making the transition from working full time in corporate Jamaica, to her new role as chief executive officer of her own company, SimSpeak Communication Services Limited. Read More

Revolutionary IVIS to be rolled out next month

BY DURRANT PATE Observer Business Writer | Wednesday, July, 1 2020    

THE Insurance Association of Jamaica (IAJ) will be rolling out next month its Insurance Vehicle Information System (IVIS), which it says will significantly aid the sifting out of uninsured motor vehicles from the nation's roads. Read More

Stinging broadside of European Union's unilateral blacklisting by Caribbean economist Marla Dukharan

BY DURRANT PATE Observer Business Writer | Wednesday, July, 1 2020    

CARIBBEAN economist Marla Dukharan has launched a stinging broadside against the European Union regarding what she said was its unilateral blacklisting of some developing countries such as Jamaica, others in the Caribbean and the wider globe. Read More

Digicel to cease all paid advertising on Facebook platforms

Wednesday, July, 1 2020    

Digicel is set to cease all paid advertising activities on Facebook platforms globally for the month of July, it was announced by the company in a release issued yesterday informing of its stand against hate speech... Read More

The secret to building good habits

BY DEV RAMNARINE | Wednesday, July, 1 2020    

W hat is a habit? Is it something bad or something good? The dictionary defines a habit as “a settled tendency or usual manner of behaviour”. This is usually achieved through actions repeated over a period of time until it becomes second... Read More

Barita aims to issue up to 200-million units in upcoming APO

BY DAVID ROSE Observer business writer | Wednesday, July, 1 2020    

Local investment firm Barita Investments Limited (Barita) will seek approval from shareholders at the company's annual general meeting (AGM) at the AC Hotel by Marriott next Monday to consider the resolution surrounding its highly touted additional public offering... Read More

Economy declined by 2.3 % in first quarter

Wednesday, July, 1 2020    

THE Jamaican economy declined by 2.3 per cent in the first quarter of 2020 when compared to the similar quarter of 2019.That was the announcement made yesterday by the Statistical Institute of Jamaica (STATIN) in a release. Read More


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