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


Big plans for The Pop Up Marketing agency

IF one has dreams of exploiting a gap in the market and staging a regional expo of cultural expression through business and entrepreneurship, it should be noted that it takes effort and determination. One doesn't simply pop up as an industry-leading innovator. Unless of... Read More

Managing flexibility
The Jamaica dollar closed 2019 at $132.57 versus the US dollar, an annual depreciation of 3.7 per cent. This year-over-year change in the exchange rate was moderate compared to annual depreciation of 2.1 per cent in the previous year and appreciation of 2.8 per cent in 2017.... Read More

NCB admits to spike in credit card fraud
NATIONAL Commercial Bank (NCB) is confirming investigations by Sunday Finance of a spike in credit card fraud at the bank but has rubbished claims that the upgrade of its banking system last year has caused many customers to fall victim to fraudsters.... Read More

GraceKennedy, Musson launch Canopy Insurance
Business leaders Don Wehby and Paul “PB” Scott have teamed up to offer Jamaicans another avenue for life and health coverage through their creation of Canopy Insurance Limited. Canopy is a billion-dollar investment partnership that they say will help to provide the corporate...... Read More

STATIN reports continued decline in unemployment

BY KELLARAY MILES Business reporter milesk@jamaicaobserver.com | Sunday, January, 19 2020    

THE Statistical Institute of Jamaica (STATIN) in its latest labour force survey findings has indicated that the country's unemployment rate continues to trend downwards while female employment increases. Read More

Balancing risk and reward

BY DWAYNE NEIL | Sunday, January, 19 2020    

As we begin a new year and a new decade with renewed hope and great expectations, we must remember that we need to put the necessary mechanisms in place to meet our new year resolutions. Read More

No pension for retired teacher

Claudienne Edwards | Sunday, January, 19 2020    

Dear Claudienne,In 2004, I was retired by the Ministry of Education from my job as a teacher because of ill health. Read More

Development moves apace as Port Royal businesses ponder

BY KELLARAY MILES AND ABBION ROBINSON Business reporters editorial@jamaicaobserver.com | Sunday, January, 19 2020    

As the town of Port Royal ramps up for the prospect of becoming the Caribbean's newest cruise destination, having just a day before the historic city welcomes its first cruise ship, some residents and popular entities of the town are expressing doubt that the planned developmental objectives... Read More

'Sharp jump' in inflation was not anticipated by BOJ

Sunday, January, 19 2020    

THE Bank of Jamaica says that the 6.2 per cent annual point to point inflation rate at 2019 reported by the Statistical Institute of Jamaica late last week, represents a “sharp jump” when compared with the 3.4 per cent recorded at September 2019. Read More

Inflation rate reaches 6.2 % in 2019

Sunday, January, 19 2020    

The All Jamaica Consumer Price Index recorded an inflation rate of 0.5 per cent in December 2019, resulting in the calendar year inflation rate of 6.2 per cent, according to the Consumer Price Index (CPI) Bulletin – December 2019. Read More

Caribbean Cream makes profit of $43.4 million

Sunday, January, 19 2020    

Caribbean Cream Limited, manufacturers of Kremi ice cream on Tuesday (January 14) reported an after-tax profit of $43.4 million for the nine months ended November 30, 2019, despite a 54.8 per cent decrease when compared to the corresponding period last... Read More

What is a prospectus?

BY RANDY T ROWE | Sunday, January, 19 2020    

These days the term IPO (Initial Public Offer) gets thrown around a whole lot more than it was in the past. It seems like every few months another company announces that it's intending to list on the local stock market. Read More

US-dollar shortage making it impossible to run any business properly — JMEA

Friday, January, 17 2020    

The Jamaica Manufacturers and Exporters Association (JMEA) has raised the alarm over “ yet another round of high volatility and unavailability of foreign currency in the market”. Read More

Dollar depreciation is due to increase in demand — BOJ

Friday, January, 17 2020    

The most recent depreciation of the dollar is due to increased demand, as supply has remained normal according to the Bank of Jamaica (BOJ). But the bank expects the FX market to soon return to more nomal patterns. Read More

Jamaica loses $27 million in World Bank funding

Friday, January, 17 2020    

The Government of Jamaica has lost just over US$202,000 ($27 million) in grant funding from the International Bank for Reconstruction and Development better known as the World Bank. Read More


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